Sterling Infrastructure, Inc. $STRL Stock Position Boosted by Swiss National Bank

Swiss National Bank lifted its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 1.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,760 shares of the construction company’s stock after acquiring an additional 760 shares during the quarter. Swiss National Bank’s holdings in Sterling Infrastructure were worth $24,746,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. World Investment Advisors increased its position in shares of Sterling Infrastructure by 2.4% during the 1st quarter. World Investment Advisors now owns 870 shares of the construction company’s stock valued at $354,000 after purchasing an additional 20 shares during the period. Ritholtz Wealth Management lifted its holdings in shares of Sterling Infrastructure by 3.6% in the first quarter. Ritholtz Wealth Management now owns 686 shares of the construction company’s stock valued at $279,000 after buying an additional 24 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Sterling Infrastructure by 33.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock valued at $33,000 after buying an additional 27 shares in the last quarter. Root Financial Partners LLC boosted its stake in Sterling Infrastructure by 28.0% during the first quarter. Root Financial Partners LLC now owns 128 shares of the construction company’s stock valued at $52,000 after buying an additional 28 shares in the last quarter. Finally, CENTRAL TRUST Co grew its holdings in Sterling Infrastructure by 7.9% during the fourth quarter. CENTRAL TRUST Co now owns 397 shares of the construction company’s stock worth $122,000 after acquiring an additional 29 shares during the period. Institutional investors own 80.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on STRL shares. Wall Street Zen downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. Oppenheimer assumed coverage on shares of Sterling Infrastructure in a research report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 price target on the stock. Cantor Fitzgerald reiterated an “overweight” rating on shares of Sterling Infrastructure in a research report on Thursday, June 18th. Argus began coverage on Sterling Infrastructure in a research note on Thursday, April 16th. They set a “buy” rating and a $510.00 price objective for the company. Finally, Weiss Ratings upgraded Sterling Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, Sterling Infrastructure presently has an average rating of “Buy” and an average target price of $720.67.

Sterling Infrastructure Stock Performance

STRL opened at $717.34 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The stock’s 50 day moving average price is $786.65 and its two-hundred day moving average price is $566.75. The firm has a market capitalization of $22.02 billion, a P/E ratio of 64.16, a price-to-earnings-growth ratio of 2.63 and a beta of 1.83. Sterling Infrastructure, Inc. has a 12-month low of $244.02 and a 12-month high of $1,005.68.

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

Insider Transactions at Sterling Infrastructure

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 2,500 shares of the company’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the transaction, the general counsel owned 28,137 shares of the company’s stock, valued at approximately $24,985,656. This represents a 8.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is currently owned by company insiders.

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.