Sterling Infrastructure, Inc. $STRL Stock Holdings Increased by Toth Financial Advisory Corp

Toth Financial Advisory Corp lifted its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 98.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,503 shares of the construction company’s stock after acquiring an additional 1,240 shares during the quarter. Toth Financial Advisory Corp’s holdings in Sterling Infrastructure were worth $2,101,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of STRL. Devon Energy Corp DE acquired a new position in Sterling Infrastructure during the 2nd quarter valued at approximately $548,390,288,000. BlackRock Inc. acquired a new position in shares of Sterling Infrastructure in the 2nd quarter worth approximately $2,713,946,000. Ranger Investment Management L.P. purchased a new stake in shares of Sterling Infrastructure during the second quarter valued at $23,381,000. Jupiter Topco LLC acquired a new stake in shares of Sterling Infrastructure during the second quarter valued at approximately $395,056,000. Finally, State Street Corp increased its holdings in shares of Sterling Infrastructure by 62.0% in the 2nd quarter. State Street Corp now owns 1,131,751 shares of the construction company’s stock valued at $261,129,000 after purchasing an additional 433,311 shares during the period. 80.95% of the stock is owned by institutional investors and hedge funds.

Sterling Infrastructure Price Performance

NASDAQ STRL opened at $470.52 on Friday. The company’s 50 day moving average is $638.53 and its two-hundred day moving average is $601.26. Sterling Infrastructure, Inc. has a 12 month low of $266.13 and a 12 month high of $1,005.68. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.19. The stock has a market cap of $14.39 billion, a price-to-earnings ratio of 33.92, a PEG ratio of 1.76 and a beta of 1.88.

Sterling Infrastructure (NASDAQ:STRL) last issued its earnings results on Monday, August 3rd. The construction company reported $5.80 EPS for the quarter, topping analysts’ consensus estimates of $5.01 by $0.79. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $969.22 million. Sterling Infrastructure’s quarterly revenue was up 90.4% compared to the same quarter last year. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. As a group, research analysts anticipate that Sterling Infrastructure, Inc. will post 19.14 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Weiss Ratings downgraded Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. Cantor Fitzgerald dropped their target price on shares of Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. Oppenheimer began coverage on Sterling Infrastructure in a research report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 price objective for the company. Wall Street Zen raised Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 24th. Finally, Zacks Research downgraded Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $690.33.

Insider Activity

In other news, General Counsel Mark D. Wolf sold 2,500 shares of the firm’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $888.00, for a total value of $2,220,000.00. Following the sale, the general counsel directly owned 28,137 shares in the company, valued at approximately $24,985,656. This trade represents a 8.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.60% of the company’s stock.

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.