E. Ohman J or Asset Management AB Has $5.33 Million Stock Holdings in Sterling Infrastructure, Inc. $STRL

by · The Markets Daily

E. Ohman J or Asset Management AB lowered its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL – Free Report) by 34.6% during the second quarter, HoldingsChannel.com reports. The firm owned 6,347 shares of the construction company’s stock after selling 3,359 shares during the period. E. Ohman J or Asset Management AB’s holdings in Sterling Infrastructure were worth $5,327,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in STRL. Signature Equity Partners LLC increased its holdings in Sterling Infrastructure by 19.5% in the first quarter. Signature Equity Partners LLC now owns 104 shares of the construction company’s stock valued at $42,000 after purchasing an additional 17 shares during the last quarter. World Investment Advisors lifted its stake in Sterling Infrastructure by 2.4% in the first quarter. World Investment Advisors now owns 870 shares of the construction company’s stock valued at $354,000 after buying an additional 20 shares during the period. Ritholtz Wealth Management boosted its holdings in Sterling Infrastructure by 3.6% during the first quarter. Ritholtz Wealth Management now owns 686 shares of the construction company’s stock worth $279,000 after buying an additional 24 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Sterling Infrastructure by 33.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock worth $33,000 after buying an additional 27 shares during the period. Finally, Root Financial Partners LLC raised its holdings in Sterling Infrastructure by 28.0% in the first quarter. Root Financial Partners LLC now owns 128 shares of the construction company’s stock worth $52,000 after purchasing an additional 28 shares during the period. 80.95% of the stock is currently owned by institutional investors.

Sterling Infrastructure Stock Down 3.4%

NASDAQ:STRL opened at $528.51 on Tuesday. The stock has a 50-day simple moving average of $734.49 and a 200 day simple moving average of $587.22. Sterling Infrastructure, Inc. has a 52-week low of $263.45 and a 52-week high of $1,005.68. The company has a market cap of $16.17 billion, a PE ratio of 38.10, a PEG ratio of 1.91 and a beta of 1.88. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.11 and a current ratio of 1.11.

Sterling Infrastructure (NASDAQ:STRL – Get Free Report) last released its earnings results on Monday, August 3rd. The construction company reported $5.80 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $969.22 million. The company’s 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. On average, sell-side analysts expect that Sterling Infrastructure, Inc. will post 19.13 EPS for the current fiscal year.

Insider Activity at Sterling Infrastructure

In related news, General Counsel Mark D. Wolf sold 2,500 shares of the stock in a transaction on 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 transaction, the general counsel owned 28,137 shares in the company, valued at approximately $24,985,656. This represents a 8.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

STRL has been the subject of a number of research analyst reports. Oppenheimer initiated coverage on Sterling Infrastructure in a research note on Thursday, May 28th. They issued an “outperform” rating and a $950.00 target price for the company. Wall Street Zen upgraded Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a report on Saturday. Zacks Research upgraded Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 1st. Weiss Ratings cut Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. Finally, Argus initiated coverage on shares of Sterling Infrastructure in a report on Thursday, April 16th. They set a “buy” rating and a $510.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. According to data from MarketBeat.com, Sterling Infrastructure presently has a consensus rating of “Buy” and a consensus target price of $657.00.

Get Our Latest Stock Analysis on STRL

About Sterling Infrastructure

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding STRL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sterling Infrastructure, Inc. (NASDAQ:STRL – Free Report).