Baker Ellis Asset Management LLC Sells 1,595 Shares of Sterling Infrastructure, Inc. $STRL

Baker Ellis Asset Management LLC decreased its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 3.3% in the third quarter, HoldingsChannel reports. The firm owned 47,062 shares of the construction company’s stock after selling 1,595 shares during the period. Sterling Infrastructure accounts for about 2.5% of Baker Ellis Asset Management LLC’s investment portfolio, making the stock its 7th biggest holding. Baker Ellis Asset Management LLC’s holdings in Sterling Infrastructure were worth $23,144,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of STRL. BlackRock Inc. acquired a new stake in Sterling Infrastructure in the 2nd quarter valued at $2,713,946,000. State Street Corp raised its stake in shares of Sterling Infrastructure by 290.7% in the second quarter. State Street Corp now owns 4,253,073 shares of the construction company’s stock valued at $3,569,859,000 after acquiring an additional 3,164,551 shares during the last quarter. Jupiter Topco LLC bought a new stake in Sterling Infrastructure during the 2nd quarter worth approximately $395,056,000. First Trust Advisors LP increased its holdings in Sterling Infrastructure by 27.3% during the 1st quarter. First Trust Advisors LP now owns 877,990 shares of the construction company’s stock valued at $357,579,000 after purchasing an additional 188,048 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Sterling Infrastructure in the second quarter worth $144,725,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Analyst Upgrades and Downgrades

STRL has been the subject of a number of research analyst reports. DA Davidson began coverage on shares of Sterling Infrastructure in a research note on Friday, August 21st. They issued a “buy” rating and a $700.00 target price for the company. KeyCorp reduced their price objective on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 5th. Stifel Nicolaus reduced their price target on Sterling Infrastructure from $804.00 to $742.00 and set a “buy” rating on the stock in a research report on Thursday, October 8th. Cantor Fitzgerald reissued an “overweight” rating and issued a $742.00 target price on shares of Sterling Infrastructure in a research note on Wednesday. Finally, Zacks Research cut Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $733.00.

Sterling Infrastructure Stock Down 9.1%

Shares of NASDAQ STRL traded down $45.54 during midday trading on Wednesday, reaching $453.07. The company’s stock had a trading volume of 728,098 shares, compared to its average volume of 623,832. The stock has a 50 day simple moving average of $510.98 and a 200-day simple moving average of $619.62. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $13.86 billion, a price-to-earnings ratio of 32.67, a PEG ratio of 1.75 and a beta of 1.86. Sterling Infrastructure, Inc. has a fifty-two week low of $281.58 and a fifty-two week high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL) last released its earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.01 by $0.79. The business 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 company’s quarterly revenue was up 90.4% on a year-over-year basis. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. Equities research analysts predict that Sterling Infrastructure, Inc. will post 19.10 earnings per share for the current year.

About Sterling Infrastructure

Sterling Infrastructure, Inc is an infrastructure services company that provides construction and rehabilitation solutions for public and private-sector customers in the United States. Formerly known as Sterling Construction Company, the company adopted its current name to reflect the expansion of its business beyond traditional transportation construction.

The company operates through three principal business segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions.