2,021 Shares in Sterling Infrastructure, Inc. $STRL Purchased by Ninepoint Partners LP

Ninepoint Partners LP bought a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) during the second quarter, HoldingsChannel reports. The fund bought 2,021 shares of the construction company’s stock, valued at approximately $1,696,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of STRL. Wellington Shields & Co. LLC purchased a new position in Sterling Infrastructure during the 2nd quarter worth approximately $29,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Sterling Infrastructure in the 4th quarter valued at $31,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Sterling Infrastructure by 33.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock valued at $33,000 after acquiring an additional 27 shares during the last quarter. Cedar Mountain Advisors LLC boosted its holdings in shares of Sterling Infrastructure by 8,000.0% in the 1st quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company’s stock valued at $33,000 after acquiring an additional 80 shares during the last quarter. Finally, Rakuten Securities Inc. increased its stake in shares of Sterling Infrastructure by 6,950.0% in the second quarter. Rakuten Securities Inc. now owns 141 shares of the construction company’s stock worth $33,000 after acquiring an additional 139 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

Sterling Infrastructure Stock Performance

STRL opened at $520.53 on Friday. The firm has a fifty day moving average price of $681.96 and a 200 day moving average price of $597.80. Sterling Infrastructure, Inc. has a 1 year low of $266.13 and a 1 year high of $1,005.68. The stock has a market cap of $15.92 billion, a P/E ratio of 37.53, a P/E/G ratio of 1.86 and a beta of 1.88. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.11 and a quick ratio of 1.11.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results on Monday, August 3rd. The construction company reported $5.80 EPS for the quarter, beating the consensus estimate of $5.01 by $0.79. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $969.22 million. The company’s quarterly revenue was up 90.4% on a year-over-year basis. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. Equities research analysts anticipate that Sterling Infrastructure, Inc. will post 19.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on STRL. Cantor Fitzgerald reduced their target price on shares of Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating for the company in a report on Wednesday, August 5th. DA Davidson set a $700.00 price target on Sterling Infrastructure in a research report on Thursday. Zacks Research lowered Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Weiss Ratings downgraded Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. Finally, KeyCorp dropped their target price on Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $690.33.

Insider Activity

In other news, General Counsel Mark D. Wolf sold 2,500 shares of the stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the transaction, the general counsel owned 28,137 shares in the company, valued at $24,985,656. This trade represents a 8.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.60% of the stock is owned by company insiders.

Sterling Infrastructure Profile

Sterling Infrastructure, Inc (NASDAQ: STRL) is a diversified manufacturer and distributor of essential infrastructure products serving municipal, utility and industrial customers across North America. Through its network of wholly owned subsidiaries, the company designs, engineers and produces a wide range of cast and fabricated solutions tailored to the needs of the waterworks, natural gas, telecommunications, electric, traffic safety and parks & recreation markets.

The company’s product portfolio encompasses ductile iron and composite fittings, valve boxes, manhole frames and covers, water and gas meter sets, street light poles and mounting accessories, traffic sign posts with breakaway systems, bollards and related system components.