WNY Asset Management LLC Makes New Investment in Sterling Infrastructure, Inc. $STRL

WNY Asset Management LLC acquired a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,013 shares of the construction company’s stock, valued at approximately $850,000.

Several other large investors also recently modified their holdings of the stock. Wellington Shields & Co. LLC acquired a new position in Sterling Infrastructure in the 2nd quarter valued at about $29,000. Kemnay Advisory Services Inc. bought a new position in Sterling Infrastructure in the 4th quarter valued at about $31,000. Rakuten Securities Inc. lifted its position in Sterling Infrastructure by 6,950.0% during the second quarter. Rakuten Securities Inc. now owns 141 shares of the construction company’s stock worth $33,000 after acquiring an additional 139 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Sterling Infrastructure by 33.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock worth $33,000 after acquiring an additional 27 shares during the last quarter. Finally, Cedar Mountain Advisors LLC boosted its holdings in shares of Sterling Infrastructure by 8,000.0% during the first quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company’s stock worth $33,000 after acquiring an additional 80 shares during the period. 80.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

STRL has been the topic of several research reports. DA Davidson assumed coverage on Sterling Infrastructure in a research report on Friday, August 21st. They issued a “buy” rating and a $700.00 target price on the stock. Oppenheimer started coverage on Sterling Infrastructure in a research note on Thursday, May 28th. They issued an “outperform” rating and a $950.00 price target for the company. Cantor Fitzgerald decreased their price objective on Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. Zacks Research cut Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Finally, Wall Street Zen upgraded Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research report on Monday. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Sterling Infrastructure has a consensus rating of “Moderate Buy” and an average price target of $690.33.

Sterling Infrastructure Stock Performance

NASDAQ STRL opened at $506.37 on Friday. The firm has a 50-day moving average price of $646.36 and a two-hundred day moving average price of $602.19. Sterling Infrastructure, Inc. has a 12-month low of $266.13 and a 12-month high of $1,005.68. The company has a market capitalization of $15.49 billion, a P/E ratio of 36.51, a P/E/G ratio of 1.73 and a beta of 1.88. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.19.

Sterling Infrastructure (NASDAQ:STRL) last announced its earnings results on Monday, August 3rd. The construction company reported $5.80 EPS for the quarter, topping the consensus estimate of $5.01 by $0.79. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $969.22 million. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The firm’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. Analysts anticipate that Sterling Infrastructure, Inc. will post 19.14 earnings per share for the current year.

Insider Buying and Selling

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 2,500 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the transaction, the general counsel owned 28,137 shares in the company, valued at $24,985,656. This trade represents a 8.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is currently owned by company 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.