VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Sterling Infrastructure, Inc. $STRL

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 8,591 shares of the construction company’s stock, valued at approximately $7,211,000.

A number of other large investors have also made changes to their positions in STRL. California State Teachers Retirement System lifted its stake in shares of Sterling Infrastructure by 81,481.8% in the second quarter. California State Teachers Retirement System now owns 29,173,636 shares of the construction company’s stock valued at $24,487,183,000 after buying an additional 29,137,876 shares during the period. BlackRock Inc. bought a new position in Sterling Infrastructure during the second quarter valued at about $2,713,946,000. State Street Corp increased its stake in Sterling Infrastructure by 62.0% during the second quarter. State Street Corp now owns 1,131,751 shares of the construction company’s stock valued at $261,129,000 after acquiring an additional 433,311 shares during the period. Invesco Ltd. raised its holdings in Sterling Infrastructure by 29.8% in the 3rd quarter. Invesco Ltd. now owns 955,387 shares of the construction company’s stock valued at $324,526,000 after acquiring an additional 219,477 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in Sterling Infrastructure by 27.3% in the 1st quarter. First Trust Advisors LP now owns 877,990 shares of the construction company’s stock valued at $357,579,000 after acquiring an additional 188,048 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Insider Buying and Selling at Sterling Infrastructure

In other news, General Counsel Mark Wolf sold 2,500 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $888.00, for a total value 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.60% of the company’s stock.

Sterling Infrastructure Stock Up 3.2%

Shares of STRL opened at $502.20 on Wednesday. The company has a market capitalization of $15.36 billion, a P/E ratio of 36.21, a PEG ratio of 1.69 and a beta of 1.85. Sterling Infrastructure, Inc. has a one year low of $280.81 and a one year high of $1,005.68. The business’s 50 day simple moving average is $584.27 and its 200-day simple moving average is $604.88. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.11 and a quick ratio of 1.11.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, beating analysts’ consensus estimates of $5.01 by $0.79. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $969.22 million. Sterling Infrastructure’s quarterly revenue was up 90.4% compared to the same quarter last year. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. As a group, sell-side analysts predict that Sterling Infrastructure, Inc. will post 19.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on STRL. Zacks Research lowered Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. DA Davidson assumed coverage on Sterling Infrastructure in a research note on Friday, August 21st. They issued a “buy” rating and a $700.00 target price for the company. Cantor Fitzgerald reduced their target price on Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. Weiss Ratings cut Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Finally, Oppenheimer began coverage on shares of Sterling Infrastructure in a research note on Thursday, May 28th. They set an “outperform” rating and a $950.00 price target on the stock. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $690.33.

Sterling Infrastructure 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.