Sterling Infrastructure, Inc. $STRL Shares Sold by Emerald Advisers LLC

by · The Markets Daily

Emerald Advisers LLC lowered its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL – Free Report) by 2.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,836 shares of the construction company’s stock after selling 2,189 shares during the quarter. Emerald Advisers LLC’s holdings in Sterling Infrastructure were worth $32,515,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of STRL. Kemnay Advisory Services Inc. purchased a new position in Sterling Infrastructure in the fourth quarter valued at $31,000. EverSource Wealth Advisors LLC grew its stake in 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 purchasing an additional 27 shares in the last quarter. Cedar Mountain Advisors LLC increased its holdings in Sterling Infrastructure by 8,000.0% during the 1st quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company’s stock worth $33,000 after purchasing an additional 80 shares during the period. Rakuten Securities Inc. increased its holdings in Sterling Infrastructure by 6,950.0% during the 2nd quarter. Rakuten Securities Inc. now owns 141 shares of the construction company’s stock worth $33,000 after purchasing an additional 139 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its position in Sterling Infrastructure by 316.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 104 shares of the construction company’s stock valued at $35,000 after purchasing an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on STRL. Wall Street Zen cut Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Oppenheimer initiated coverage on shares of Sterling Infrastructure in a report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 target price on the stock. Weiss Ratings upgraded shares of Sterling Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 6th. KeyCorp boosted their price target on shares of Sterling Infrastructure from $889.00 to $922.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. Finally, Argus initiated coverage on shares of Sterling Infrastructure in a research report on Thursday, April 16th. They issued a “buy” rating and a $510.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $720.67.

Check Out Our Latest Report on Sterling Infrastructure

Sterling Infrastructure Stock Performance

Shares of STRL opened at $660.04 on Tuesday. The stock has a 50 day moving average price of $814.68 and a 200 day moving average price of $546.22. 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 company has a market capitalization of $20.26 billion, a price-to-earnings ratio of 59.04, a price-to-earnings-growth ratio of 2.48 and a beta of 1.83. Sterling Infrastructure, Inc. has a 52-week low of $230.00 and a 52-week high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL – Get Free Report) last announced its quarterly earnings results on Monday, May 4th. The construction company reported $3.59 EPS for the quarter, beating the consensus estimate 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 $825.67 million for the quarter, compared to analyst estimates of $603.58 million. During the same period in the prior year, the firm posted $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Research analysts predict that Sterling Infrastructure, Inc. will post 18.35 EPS for the current fiscal year.

Insider Buying and Selling at Sterling Infrastructure

In related news, General Counsel Mark D. Wolf sold 2,500 shares of Sterling Infrastructure 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 sale, the general counsel directly owned 28,137 shares in the company, valued at $24,985,656. This trade represents a 8.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joseph A. Cutillo sold 50,000 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $144,590,359.01. This trade represents a 14.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is owned by company insiders.

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.

See Also

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