11,550 Shares in Sterling Infrastructure, Inc. $STRL Purchased by CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT

Key Points

• CUSHING ASSET MANAGEMENT bought a new stake in Sterling Infrastructure during the first quarter, purchasing 11,550 shares valued at about $4.7 million.
• Institutional interest remains high, with 80.95% of the stock owned by institutions and hedge funds, while several other investors also added to their positions recently.
• Analysts remain bullish on STRL: the stock has a Buy consensus rating and a consensus price target of $720.67, despite mixed insider selling activity from executives.

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,550 shares of the construction company's stock, valued at approximately $4,704,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC bought a new position in shares of Sterling Infrastructure in the first quarter valued at approximately $378,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Sterling Infrastructure by 12.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 83,983 shares of the construction company's stock worth $9,508,000 after acquiring an additional 9,625 shares during the last quarter. Focus Partners Wealth increased its holdings in Sterling Infrastructure by 13.7% during the 1st quarter. Focus Partners Wealth now owns 2,313 shares of the construction company's stock valued at $262,000 after purchasing an additional 279 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Sterling Infrastructure during the 2nd quarter valued at $5,929,000. Finally, Cerity Partners LLC raised its position in Sterling Infrastructure by 195.7% in the 2nd quarter. Cerity Partners LLC now owns 19,522 shares of the construction company's stock valued at $4,504,000 after purchasing an additional 12,921 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on STRL. Argus began coverage on Sterling Infrastructure in a research note on Thursday, April 16th. They issued a "buy" rating and a $510.00 price objective on the stock. KeyCorp raised their target price on Sterling Infrastructure from $889.00 to $922.00 and gave the company an "overweight" rating in a research note on Tuesday, June 2nd. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Sterling Infrastructure in a report on Thursday, June 18th. Wall Street Zen downgraded shares of Sterling Infrastructure from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Finally, Zacks Research raised shares of Sterling Infrastructure from a "hold" rating to a "strong-buy" rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to data from MarketBeat, Sterling Infrastructure currently has a consensus rating of "Buy" and a consensus price target of $720.67.

Insider Transactions at Sterling Infrastructure

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 2,500 shares of the company's stock in a transaction dated 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 transaction, the general counsel directly owned 28,137 shares in the company, valued at approximately $24,985,656. This represents a 8.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Joseph A. Cutillo sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $497.57, for a total transaction of $24,878,500.00. Following 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.

Sterling Infrastructure Price Performance

Shares of STRL opened at $700.75 on Monday. The firm has a market capitalization of $21.51 billion, a price-to-earnings ratio of 62.68, a PEG ratio of 2.55 and a beta of 1.83. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.10. The business's fifty day moving average price is $791.76 and its two-hundred day moving average price is $530.31. Sterling Infrastructure, Inc. has a 52 week low of $225.46 and a 52 week high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last released its 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. The company had revenue of $825.67 million during the quarter, compared to analysts' expectations of $603.58 million. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.During the same period last year, the firm earned $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. On average, analysts predict that Sterling Infrastructure, Inc. will post 18.35 earnings per share for the current year.

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.

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