Legato Capital Management LLC Decreases Stock Holdings in Sterling Infrastructure, Inc. $STRL

Legato Capital Management LLC decreased its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 35.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,588 shares of the construction company’s stock after selling 6,896 shares during the quarter. Legato Capital Management LLC’s holdings in Sterling Infrastructure were worth $3,855,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Root Financial Partners LLC purchased a new position in shares of Sterling Infrastructure in the third quarter valued at about $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Sterling Infrastructure during the third quarter valued at about $28,000. Fifth Third Bancorp increased its position in shares of Sterling Infrastructure by 76.1% during the third quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock valued at $28,000 after buying an additional 35 shares during the period. Optiver Holding B.V. increased its position in shares of Sterling Infrastructure by 108.2% during the third quarter. Optiver Holding B.V. now owns 102 shares of the construction company’s stock valued at $35,000 after buying an additional 53 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Sterling Infrastructure by 316.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 104 shares of the construction company’s stock valued at $35,000 after buying an additional 79 shares during the period. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Insider Buying and Selling

In related news, CEO Joseph A. Cutillo sold 50,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer owned 290,593 shares of the company’s stock, valued at $144,590,359.01. The trade was a 14.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is owned by insiders.

Sterling Infrastructure Trading Down 0.1%

NASDAQ:STRL opened at $732.94 on Friday. Sterling Infrastructure, Inc. has a one year low of $179.46 and a one year high of $893.13. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 1.10. The company’s 50-day simple moving average is $544.70 and its 200 day simple moving average is $424.67. The firm has a market capitalization of $22.49 billion, a P/E ratio of 65.56, a PEG ratio of 2.72 and a beta of 1.64.

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

Analyst Ratings Changes

Several brokerages recently issued reports on STRL. Zacks Research cut shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. DA Davidson boosted their price target on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Argus began coverage on shares of Sterling Infrastructure in a research report on Thursday, April 16th. They set a “buy” rating and a $510.00 price target on the stock. Stifel Nicolaus set a $486.00 price target on shares of Sterling Infrastructure and gave the company a “buy” rating in a research report on Wednesday, February 11th. Finally, KeyCorp boosted their price target on shares of Sterling Infrastructure from $572.00 to $889.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Sterling Infrastructure currently has an average rating of “Moderate Buy” and a consensus price target of $668.20.

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.