Elevation Point Wealth Partners LLC Purchases New Holdings in Sterling Infrastructure, Inc. $STRL

Elevation Point Wealth Partners LLC acquired a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,518 shares of the construction company’s stock, valued at approximately $618,000.

A number of other institutional investors also recently made changes to their positions in the business. State Street Corp boosted its stake in shares of Sterling Infrastructure by 62.0% during the 2nd quarter. State Street Corp now owns 1,131,751 shares of the construction company’s stock valued at $261,129,000 after buying an additional 433,311 shares during the last quarter. Invesco Ltd. increased its stake in shares of Sterling Infrastructure by 29.8% in the third quarter. Invesco Ltd. now owns 955,387 shares of the construction company’s stock worth $324,526,000 after buying an additional 219,477 shares during the last quarter. First Trust Advisors LP raised its holdings in Sterling Infrastructure by 13.8% in the fourth quarter. First Trust Advisors LP now owns 689,942 shares of the construction company’s stock valued at $211,281,000 after acquiring an additional 83,706 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Sterling Infrastructure by 3.7% in the fourth quarter. Janus Henderson Group PLC now owns 575,886 shares of the construction company’s stock valued at $176,331,000 after acquiring an additional 20,299 shares in the last quarter. Finally, UBS Group AG boosted its stake in Sterling Infrastructure by 45.4% during the 3rd quarter. UBS Group AG now owns 483,864 shares of the construction company’s stock valued at $164,359,000 after acquiring an additional 151,146 shares during the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Sterling Infrastructure Trading Down 6.0%

Sterling Infrastructure stock opened at $674.39 on Wednesday. Sterling Infrastructure, Inc. has a 1 year low of $225.46 and a 1 year high of $1,005.68. The firm’s 50-day moving average is $799.73 and its 200-day moving average is $535.86. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market cap of $20.70 billion, a P/E ratio of 60.32, a PEG ratio of 2.61 and a beta of 1.83.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Monday, May 4th. The construction company reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates 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 $825.67 million during the quarter, compared to the consensus estimate of $603.58 million. During the same quarter in the prior year, the firm earned $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. On average, equities analysts expect that Sterling Infrastructure, Inc. will post 18.35 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on STRL shares. KeyCorp boosted their target price on shares of Sterling Infrastructure from $889.00 to $922.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Cantor Fitzgerald reissued an “overweight” rating on shares of Sterling Infrastructure in a report on Thursday, June 18th. Argus started coverage on Sterling Infrastructure in a research note on Thursday, April 16th. They set a “buy” rating and a $510.00 price objective on the stock. Wall Street Zen downgraded Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings upgraded Sterling Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $720.67.

Insider Activity at Sterling Infrastructure

In other 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 transaction of $24,878,500.00. Following the sale, the chief executive officer directly owned 290,593 shares in the company, valued at approximately $144,590,359.01. This represents a 14.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Mark D. Wolf sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $888.00, for a total value of $2,220,000.00. Following the completion of 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 disclosure for this sale is available in the SEC filing. 1.60% of the stock is currently owned by corporate insiders.

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.