Truist Financial Corp Purchases 1,179 Shares of Sterling Infrastructure, Inc. $STRL

Truist Financial Corp grew its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 30.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,005 shares of the construction company’s stock after purchasing an additional 1,179 shares during the quarter. Truist Financial Corp’s holdings in Sterling Infrastructure were worth $1,533,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. CENTRAL TRUST Co increased its position in shares of Sterling Infrastructure by 7.9% during the 4th quarter. CENTRAL TRUST Co now owns 397 shares of the construction company’s stock valued at $122,000 after purchasing an additional 29 shares during the last quarter. Mutual Advisors LLC increased its position in shares of Sterling Infrastructure by 7.0% during the 4th quarter. Mutual Advisors LLC now owns 990 shares of the construction company’s stock valued at $303,000 after purchasing an additional 65 shares during the last quarter. New York State Teachers Retirement System increased its position in shares of Sterling Infrastructure by 8.0% during the 4th quarter. New York State Teachers Retirement System now owns 22,804 shares of the construction company’s stock valued at $6,983,000 after purchasing an additional 1,686 shares during the last quarter. Delta Investment Management LLC increased its position in shares of Sterling Infrastructure by 1.4% during the 4th quarter. Delta Investment Management LLC now owns 4,039 shares of the construction company’s stock valued at $1,237,000 after purchasing an additional 55 shares during the last quarter. Finally, Shaker Investments LLC OH increased its position in shares of Sterling Infrastructure by 52.9% during the 4th quarter. Shaker Investments LLC OH now owns 2,381 shares of the construction company’s stock valued at $729,000 after purchasing an additional 824 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Sterling Infrastructure news, CEO Joseph A. Cutillo sold 50,000 shares of the stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $497.57, for a total value of $24,878,500.00. Following the completion of the sale, the chief executive officer owned 290,593 shares in the company, valued at approximately $144,590,359.01. This trade represents a 14.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.60% of the company’s stock.

Sterling Infrastructure Price Performance

STRL opened at $848.84 on Friday. The stock’s 50 day simple moving average is $511.09 and its 200 day simple moving average is $412.07. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 1.10. Sterling Infrastructure, Inc. has a 1 year low of $176.15 and a 1 year high of $893.13. The firm has a market cap of $26.05 billion, a price-to-earnings ratio of 75.92, a PEG ratio of 3.29 and a beta of 1.64.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $1.30. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.The business had revenue of $825.68 million for the quarter, compared to analyst estimates of $603.58 million. During the same period last year, the company earned $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, analysts predict that Sterling Infrastructure, Inc. will post 18.01 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wall Street Zen lowered Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 28th. KeyCorp increased their price objective on Sterling Infrastructure from $572.00 to $889.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Cantor Fitzgerald raised their price target on Sterling Infrastructure from $482.00 to $956.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Weiss Ratings lowered Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. Finally, Stifel Nicolaus set a $486.00 price target on Sterling Infrastructure and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Sterling Infrastructure presently has an average rating of “Moderate Buy” and an average price target of $668.20.

Sterling Infrastructure Company 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.