D.A. Davidson & CO. Purchases 791 Shares of Sterling Infrastructure, Inc. $STRL

D.A. Davidson & CO. grew its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 36.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 2,956 shares of the construction company’s stock after acquiring an additional 791 shares during the period. D.A. Davidson & CO.’s holdings in Sterling Infrastructure were worth $1,204,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in STRL. Empowered Funds LLC bought a new stake in shares of Sterling Infrastructure during the first quarter valued at approximately $378,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Sterling Infrastructure by 12.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 83,983 shares of the construction company’s stock valued at $9,508,000 after buying an additional 9,625 shares during the period. Focus Partners Wealth boosted its holdings in shares of Sterling Infrastructure by 13.7% during the 1st quarter. Focus Partners Wealth now owns 2,313 shares of the construction company’s stock valued at $262,000 after buying an additional 279 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Sterling Infrastructure during the 2nd quarter valued at $5,929,000. Finally, Cerity Partners LLC grew its position in shares of Sterling Infrastructure by 195.7% in the 2nd quarter. Cerity Partners LLC now owns 19,522 shares of the construction company’s stock worth $4,504,000 after buying an additional 12,921 shares during the period. Institutional investors own 80.95% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Zacks Research upgraded shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 1st. Oppenheimer started coverage on shares of Sterling Infrastructure in a research note on Thursday, May 28th. They set an “outperform” rating and a $950.00 price objective on the stock. Argus initiated coverage on shares of Sterling Infrastructure in a report on Thursday, April 16th. They issued a “buy” rating and a $510.00 price objective on the stock. KeyCorp raised their target price on shares of Sterling Infrastructure from $889.00 to $922.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Finally, Wall Street Zen lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. One analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $720.67.

Sterling Infrastructure Trading Up 3.6%

NASDAQ STRL opened at $719.34 on Thursday. Sterling Infrastructure, Inc. has a 12 month low of $244.02 and a 12 month high of $1,005.68. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23. The stock’s fifty day moving average price is $790.09 and its 200-day moving average price is $563.94. The stock has a market cap of $22.08 billion, a P/E ratio of 64.34, a P/E/G ratio of 2.54 and a beta of 1.83.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $1.30. The firm had revenue of $825.67 million during the quarter, compared to analyst estimates of $603.58 million. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.During the same quarter in the previous year, the firm earned $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, equities analysts forecast that Sterling Infrastructure, Inc. will post 18.24 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sterling Infrastructure 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 transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

About Sterling Infrastructure

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.