Arizona State Retirement System Raises Stake in Sterling Infrastructure, Inc. $STRL

Arizona State Retirement System boosted its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 329.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,191 shares of the construction company’s stock after buying an additional 27,754 shares during the quarter. Arizona State Retirement System’s holdings in Sterling Infrastructure were worth $30,377,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Waverly Advisors LLC bought a new position in shares of Sterling Infrastructure during the 2nd quarter valued at approximately $365,000. Nykredit A S bought a new stake in shares of Sterling Infrastructure in the 2nd quarter worth approximately $3,683,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Sterling Infrastructure in the second quarter valued at approximately $7,211,000. California State Teachers Retirement System lifted its stake in Sterling Infrastructure by 81,481.8% in the second quarter. California State Teachers Retirement System now owns 29,173,636 shares of the construction company’s stock valued at $24,487,183,000 after purchasing an additional 29,137,876 shares during the last quarter. Finally, HB Wealth Management LLC grew its holdings in Sterling Infrastructure by 7.4% during the second quarter. HB Wealth Management LLC now owns 1,252 shares of the construction company’s stock valued at $1,051,000 after purchasing an additional 86 shares during the period. Institutional investors own 80.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on STRL shares. KeyCorp lowered their target price on Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 5th. Zacks Research lowered Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Weiss Ratings cut Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. Oppenheimer initiated coverage on shares of Sterling Infrastructure in a report on Thursday, May 28th. They set an “outperform” rating and a $950.00 price objective on the stock. Finally, Wall Street Zen lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Sterling Infrastructure currently has an average rating of “Moderate Buy” and an average target price of $690.33.

Insider Buying and Selling at Sterling Infrastructure

In related news, General Counsel Mark Wolf sold 2,500 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $24,985,656. This trade represents a 8.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.60% of the company’s stock.

Sterling Infrastructure Price Performance

Sterling Infrastructure stock traded up $15.71 during midday trading on Tuesday, hitting $502.20. 722,758 shares of the company’s stock were exchanged, compared to its average volume of 636,349. Sterling Infrastructure, Inc. has a 52-week low of $280.81 and a 52-week high of $1,005.68. The stock has a 50-day moving average price of $591.02 and a two-hundred day moving average price of $604.24. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market cap of $15.36 billion, a P/E ratio of 36.21, a PEG ratio of 1.69 and a beta of 1.85.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $5.01 by $0.79. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $969.22 million. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.The business’s 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. On average, equities research analysts forecast that Sterling Infrastructure, Inc. will post 19.14 earnings per share for the current year.

About Sterling Infrastructure

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.