Wedbush Securities Inc. Has $1.53 Million Stock Holdings in Sterling Infrastructure, Inc. $STRL

Wedbush Securities Inc. cut its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 37.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,826 shares of the construction company’s stock after selling 1,112 shares during the period. Wedbush Securities Inc.’s holdings in Sterling Infrastructure were worth $1,533,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Shields & Co. LLC bought a new position in shares of Sterling Infrastructure during the 2nd quarter worth about $29,000. Persistent Asset Partners Ltd bought a new stake in Sterling Infrastructure in the second quarter valued at about $40,000. MassMutual Private Wealth & Trust FSB increased its stake in Sterling Infrastructure by 100.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 60 shares of the construction company’s stock valued at $50,000 after acquiring an additional 30 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Sterling Infrastructure by 43.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 79 shares of the construction company’s stock worth $66,000 after purchasing an additional 24 shares in the last quarter. Finally, Cedar Mountain Advisors LLC raised its position in Sterling Infrastructure by 8,000.0% in the first quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company’s stock worth $33,000 after purchasing an additional 80 shares in the last quarter. 80.95% of the stock is owned by institutional investors.

Insider Activity at Sterling Infrastructure

In related news, General Counsel Mark D. Wolf sold 2,500 shares of the firm’s stock in a transaction dated Thursday, June 25th. The shares were 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on STRL. Cantor Fitzgerald decreased their price target on Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 5th. Oppenheimer began coverage on Sterling Infrastructure in a report on Thursday, May 28th. They set an “outperform” rating and a $950.00 price objective for the company. Wall Street Zen upgraded shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 24th. KeyCorp lowered their target price on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. Finally, Weiss Ratings cut shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $690.33.

Sterling Infrastructure Stock Performance

STRL stock opened at $470.07 on Tuesday. The business’s fifty day moving average is $629.28 and its 200-day moving average is $602.94. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.19. The company has a market cap of $14.38 billion, a P/E ratio of 33.89, a price-to-earnings-growth ratio of 1.64 and a beta of 1.88. Sterling Infrastructure, Inc. has a twelve month low of $266.13 and a twelve month high of $1,005.68.

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

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.