Sterling Infrastructure, Inc. $STRL Shares Acquired by Kingsview Wealth Management LLC

by · The Markets Daily

Kingsview Wealth Management LLC increased its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL – Free Report) by 96.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,509 shares of the construction company’s stock after buying an additional 742 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Sterling Infrastructure were worth $462,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Clearstead Advisors LLC grew its stake in shares of Sterling Infrastructure by 45.1% in the fourth quarter. Clearstead Advisors LLC now owns 251 shares of the construction company’s stock valued at $77,000 after buying an additional 78 shares in the last quarter. Hantz Financial Services Inc. grew its stake in shares of Sterling Infrastructure by 64.9% in the fourth quarter. Hantz Financial Services Inc. now owns 625 shares of the construction company’s stock valued at $191,000 after buying an additional 246 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in Sterling Infrastructure during the 4th quarter valued at approximately $652,000. 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 valued at $33,000 after purchasing an additional 27 shares in the last quarter. Finally, Kingdom Financial Group LLC. acquired a new stake in Sterling Infrastructure during the 4th quarter valued at approximately $551,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on STRL. Stifel Nicolaus set a $486.00 price objective on Sterling Infrastructure and gave the company a “buy” rating in a research note on Wednesday, February 11th. Zacks Research upgraded Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Monday. 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. DA Davidson raised their price objective on Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Finally, Cantor Fitzgerald raised their price objective on Sterling Infrastructure from $482.00 to $956.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. Based on data from MarketBeat, Sterling Infrastructure presently has an average rating of “Buy” and an average price target of $720.67.

Get Our Latest Stock Analysis on STRL

Sterling Infrastructure Price Performance

Shares of STRL opened at $957.03 on Thursday. The firm has a market cap of $29.37 billion, a price-to-earnings ratio of 85.60, a PEG ratio of 3.24 and a beta of 1.82. The stock has a 50 day moving average of $611.84 and a 200-day moving average of $450.58. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23. Sterling Infrastructure, Inc. has a 52 week low of $191.00 and a 52 week high of $971.75.

Sterling Infrastructure (NASDAQ:STRL – Get Free Report) last issued its earnings results on Monday, May 4th. The construction company reported $3.59 EPS for the quarter, topping the consensus estimate of $2.29 by $1.30. The company had revenue of $825.68 million during the quarter, compared to analyst estimates of $603.58 million. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.During the same quarter last year, the firm earned $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, analysts forecast that Sterling Infrastructure, Inc. will post 18.03 EPS for the current year.

Insider Activity at Sterling Infrastructure

In other news, CEO Joseph A. Cutillo sold 50,000 shares of Sterling Infrastructure stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $497.57, for a total value of $24,878,500.00. Following the completion of the transaction, the chief executive officer owned 290,593 shares in the company, valued at approximately $144,590,359.01. This trade represents a 14.68% decrease in their position. The sale 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. Insiders own 1.60% of the company’s stock.

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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