TimesSquare Capital Management LLC Buys 15,740 Shares of Sterling Infrastructure, Inc. $STRL

TimesSquare Capital Management LLC lifted its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 66.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,340 shares of the construction company’s stock after buying an additional 15,740 shares during the period. TimesSquare Capital Management LLC’s holdings in Sterling Infrastructure were worth $12,047,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Root Financial Partners LLC bought a new stake in shares of Sterling Infrastructure in the third quarter valued at about $26,000. Wilmington Savings Fund Society FSB acquired a new position in Sterling Infrastructure in the third quarter worth about $28,000. Fifth Third Bancorp raised its position in Sterling Infrastructure by 76.1% in the third quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock worth $28,000 after purchasing an additional 35 shares in the last quarter. Rakuten Securities Inc. raised its position in 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 purchasing an additional 139 shares in the last quarter. Finally, Optiver Holding B.V. raised its position in Sterling Infrastructure by 108.2% in the third quarter. Optiver Holding B.V. now owns 102 shares of the construction company’s stock worth $35,000 after purchasing an additional 53 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on STRL shares. Weiss Ratings lowered shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. Argus started coverage on shares of Sterling Infrastructure in a research report on Thursday, April 16th. They issued a “buy” rating and a $510.00 price target for the company. KeyCorp increased their price target on shares of Sterling Infrastructure from $572.00 to $889.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Wall Street Zen lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 28th. Finally, Stifel Nicolaus set a $486.00 price target on shares of Sterling Infrastructure and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $668.20.

Sterling Infrastructure Stock Performance

NASDAQ STRL opened at $728.29 on Wednesday. The firm has a market cap of $22.35 billion, a price-to-earnings ratio of 65.14, a PEG ratio of 2.85 and a beta of 1.64. The company has a 50 day moving average of $525.19 and a 200-day moving average of $417.36. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23. Sterling Infrastructure, Inc. has a 1-year low of $176.15 and a 1-year high of $893.13.

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

Insider Buying and Selling at Sterling Infrastructure

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