Sterling Infrastructure, Inc. $STRL Shares Bought by Peterson Wealth Services

Peterson Wealth Services grew its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 13,167.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,909 shares of the construction company’s stock after buying an additional 4,872 shares during the quarter. Peterson Wealth Services’ holdings in Sterling Infrastructure were worth $1,503,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its stake in Sterling Infrastructure by 76.1% during the 3rd quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock valued at $28,000 after purchasing an additional 35 shares during the period. Optiver Holding B.V. increased its stake in shares of Sterling Infrastructure by 108.2% in the third quarter. Optiver Holding B.V. now owns 102 shares of the construction company’s stock worth $35,000 after acquiring an additional 53 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Sterling Infrastructure by 316.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 104 shares of the construction company’s stock worth $35,000 after acquiring an additional 79 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Sterling Infrastructure by 33.8% in 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, USA Financial Formulas acquired a new position in shares of Sterling Infrastructure in the fourth quarter worth $40,000. 80.95% of the stock is owned by institutional investors and hedge funds.

Sterling Infrastructure Stock Up 8.9%

STRL stock opened at $838.55 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 1.10. Sterling Infrastructure, Inc. has a 52-week low of $197.73 and a 52-week high of $1,005.68. The company has a 50-day moving average of $665.72 and a two-hundred day moving average of $473.46. The stock has a market capitalization of $25.73 billion, a price-to-earnings ratio of 75.00, a price-to-earnings-growth ratio of 2.81 and a beta of 1.82.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $1.30. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. The company had revenue of $825.68 million during the quarter, compared to analysts’ expectations of $603.58 million. During the same period in the prior year, the company earned $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, equities research analysts anticipate that Sterling Infrastructure, Inc. will post 18.26 EPS for the current year.

Key Stories Impacting Sterling Infrastructure

Here are the key news stories impacting Sterling Infrastructure this week:

• Positive Sentiment: Sidoti lifted Sterling Infrastructure’s near- and longer-term earnings estimates across several quarters and fiscal years, reinforcing the view that the company’s growth and margins remain strong.
• Positive Sentiment: Wall Street sentiment remains constructive, with a consensus Buy rating and a median 12-month price target around $950, suggesting analysts still see upside from current levels. Wall Street Remains Positive on Sterling Infrastructure (STRL)
• Positive Sentiment: The recent Stone Ridge Contracting acquisition could add to Sterling’s E-Infrastructure Solutions segment and expand its footprint in the Pacific Northwest and Texas, potentially supporting future revenue growth. Sterling’s Stone Ridge Buyout Deal: A Catalyst for E-Infrastructure?

Insider Transactions at Sterling Infrastructure

In other Sterling Infrastructure news, CEO Joseph A. Cutillo sold 50,000 shares of the company’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $497.57, for a total transaction of $24,878,500.00. Following the completion of the sale, the chief executive officer directly owned 290,593 shares in the company, valued at $144,590,359.01. This represents a 14.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is owned by company insiders.

Analyst Ratings Changes

STRL has been the topic of a number of research reports. Zacks Research raised shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 1st. Cantor Fitzgerald upped their price target on shares of Sterling Infrastructure from $482.00 to $956.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Argus initiated coverage on shares of Sterling Infrastructure in a research note on Thursday, April 16th. They issued a “buy” rating and a $510.00 price target on the stock. KeyCorp upped their price target on shares of Sterling Infrastructure from $889.00 to $922.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Finally, DA Davidson upped their price target on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $720.67.

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.