Commerce Bank Has $1.26 Million Position in Sterling Infrastructure, Inc. $STRL

Commerce Bank lessened its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 41.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,505 shares of the construction company’s stock after selling 1,069 shares during the period. Commerce Bank’s holdings in Sterling Infrastructure were worth $1,263,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of STRL. Empowered Funds LLC bought a new position in Sterling Infrastructure in the 1st quarter valued at $378,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Sterling Infrastructure by 12.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 83,983 shares of the construction company’s stock valued at $9,508,000 after buying an additional 9,625 shares during the period. Focus Partners Wealth raised its position in shares of Sterling Infrastructure by 13.7% during the first quarter. Focus Partners Wealth now owns 2,313 shares of the construction company’s stock worth $262,000 after acquiring an additional 279 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Sterling Infrastructure during the second quarter worth $5,929,000. Finally, Cerity Partners LLC raised its position in shares of Sterling Infrastructure by 195.7% during the second quarter. Cerity Partners LLC now owns 19,522 shares of the construction company’s stock worth $4,504,000 after acquiring an additional 12,921 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. KeyCorp decreased their price target on Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. Weiss Ratings lowered Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Wall Street Zen raised Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a report on Monday. DA Davidson started coverage on shares of Sterling Infrastructure in a research report on Friday, August 21st. They set a “buy” rating and a $700.00 target price on the stock. Finally, Oppenheimer started coverage on shares of Sterling Infrastructure in a research note on Thursday, May 28th. They issued an “outperform” rating and a $950.00 target price on the stock. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Sterling Infrastructure presently has a consensus rating of “Moderate Buy” and an average target price of $690.33.

Sterling Infrastructure Stock Performance

Shares of Sterling Infrastructure stock opened at $486.39 on Wednesday. The firm has a fifty day moving average of $660.29 and a two-hundred day moving average of $600.51. 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 stock has a market capitalization of $14.88 billion, a price-to-earnings ratio of 35.07, a PEG ratio of 1.73 and a beta of 1.88. Sterling Infrastructure, Inc. has a 52 week low of $266.13 and a 52 week high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.01 by $0.79. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $969.22 million. Sterling Infrastructure’s quarterly revenue was up 90.4% compared to the same quarter last year. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. As a group, equities research analysts predict that Sterling Infrastructure, Inc. will post 19.14 EPS for the current year.

Insiders Place Their Bets

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 2,500 shares of the stock in a transaction dated 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 transaction, the general counsel owned 28,137 shares of the company’s stock, valued at approximately $24,985,656. This represents a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.60% of the company’s stock.

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.