Park Avenue Securities LLC Has $2.49 Million Stock Holdings in Sterling Infrastructure, Inc. $STRL

Park Avenue Securities LLC grew its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 42.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 8,121 shares of the construction company’s stock after acquiring an additional 2,430 shares during the quarter. Park Avenue Securities LLC’s holdings in Sterling Infrastructure were worth $2,487,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. GK Wealth Management LLC increased its position in shares of Sterling Infrastructure by 3.9% in the fourth quarter. GK Wealth Management LLC now owns 1,367 shares of the construction company’s stock worth $419,000 after purchasing an additional 51 shares during the period. Allworth Financial LP lifted its position in Sterling Infrastructure by 1,307.9% during the third quarter. Allworth Financial LP now owns 7,631 shares of the construction company’s stock worth $2,592,000 after purchasing an additional 7,089 shares during the period. Swiss Life Asset Management Ltd bought a new stake in Sterling Infrastructure during the third quarter worth about $465,000. CIBC Bancorp USA Inc. acquired a new stake in Sterling Infrastructure during the third quarter worth about $1,081,000. Finally, Centaurus Financial Inc. acquired a new stake in Sterling Infrastructure during the third quarter worth about $107,000. 80.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

STRL has been the subject of several analyst reports. DA Davidson boosted their target price on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Stifel Nicolaus set a $486.00 price target on shares of Sterling Infrastructure and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Zacks Research raised shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 4th. Cantor Fitzgerald boosted their price objective on shares of Sterling Infrastructure from $413.00 to $482.00 and gave the company an “overweight” rating in a research report on Monday, March 2nd. Finally, Weiss Ratings upgraded Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $489.33.

Insider Activity at Sterling Infrastructure

In related news, Director Dana C. O’brien sold 2,000 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $410.00, for a total value of $820,000.00. Following the completion of the transaction, the director owned 11,498 shares of the company’s stock, valued at $4,714,180. This represents a 14.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dwayne Andree Wilson sold 2,860 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $350.00, for a total transaction of $1,001,000.00. Following the completion of the sale, the director owned 14,749 shares in the company, valued at $5,162,150. This represents a 16.24% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 6,860 shares of company stock valued at $2,611,000. 2.70% of the stock is owned by insiders.

Sterling Infrastructure Stock Performance

Sterling Infrastructure stock opened at $422.55 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.25. The stock has a market cap of $12.95 billion, a PE ratio of 45.10, a P/E/G ratio of 2.09 and a beta of 1.48. Sterling Infrastructure, Inc. has a 12-month low of $96.34 and a 12-month high of $477.03. The business’s 50-day moving average price is $398.60 and its two-hundred day moving average price is $359.41.

Sterling Infrastructure (NASDAQ:STRL) last posted its earnings results on Wednesday, February 25th. The construction company reported $3.08 EPS for the quarter, topping analysts’ consensus estimates of $2.63 by $0.45. The firm had revenue of $755.61 million during the quarter, compared to analysts’ expectations of $639.41 million. Sterling Infrastructure had a net margin of 11.65% and a return on equity of 32.82%. Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. As a group, analysts expect that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current fiscal year.

Sterling Infrastructure Company 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.