Sterling Infrastructure, Inc. $STRL Shares Sold by HighTower Advisors LLC

by · The Markets Daily

HighTower Advisors LLC trimmed its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL – Free Report) by 13.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,007 shares of the construction company’s stock after selling 1,133 shares during the period. HighTower Advisors LLC’s holdings in Sterling Infrastructure were worth $2,146,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Intrua Financial LLC boosted its stake in Sterling Infrastructure by 15.9% during the 4th quarter. Intrua Financial LLC now owns 883 shares of the construction company’s stock valued at $270,000 after purchasing an additional 121 shares during the period. Abacus Wealth Partners LLC acquired a new stake in shares of Sterling Infrastructure in the 4th quarter worth approximately $635,000. Convergence Investment Partners LLC lifted its stake in shares of Sterling Infrastructure by 4.8% in the 4th quarter. Convergence Investment Partners LLC now owns 4,313 shares of the construction company’s stock worth $1,321,000 after acquiring an additional 197 shares during the period. Northwestern Mutual Investment Management Company LLC acquired a new stake in shares of Sterling Infrastructure in the 4th quarter worth approximately $2,105,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Sterling Infrastructure by 101,286.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 103,414 shares of the construction company’s stock worth $31,668,000 after acquiring an additional 103,312 shares during the period. 80.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Joseph A. Cutillo sold 50,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer owned 290,593 shares in the company, valued at $144,590,359.01. The trade was a 14.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is owned by corporate insiders.

Sterling Infrastructure Stock Down 1.8%

STRL stock opened at $845.39 on Tuesday. Sterling Infrastructure, Inc. has a 12 month low of $184.06 and a 12 month high of $893.13. The firm has a market cap of $25.95 billion, a PE ratio of 75.62, a P/E/G ratio of 3.19 and a beta of 1.81. The firm has a 50 day simple moving average of $591.67 and a 200 day simple moving average of $442.65. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 1.10.

Sterling Infrastructure (NASDAQ:STRL – Get Free Report) last released its quarterly earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $1.30. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. The business had revenue of $825.68 million for the quarter, compared to analyst estimates of $603.58 million. During the same quarter in the previous year, the business earned $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Equities research analysts forecast that Sterling Infrastructure, Inc. will post 18.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. DA Davidson upped their price target on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Stifel Nicolaus set a $486.00 price target on shares of Sterling Infrastructure and gave the stock a “buy” rating in a research note on Wednesday, February 11th. KeyCorp upped their price target on shares of Sterling Infrastructure from $572.00 to $889.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Weiss Ratings lowered shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. Finally, Oppenheimer assumed coverage on shares of Sterling Infrastructure in a research note on Thursday. They issued an “outperform” rating and a $950.00 price target for the company. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $715.17.

Read Our Latest Report on Sterling Infrastructure

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.

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