163,144 Sterling Infrastructure, Inc. $STRL Shares Sold by Congress Asset Management Co.

Key Points

• Congress Asset Management Co. cut its Sterling Infrastructure stake by 70.8% in the third quarter, selling 163,144 shares and retaining 67,268 shares valued at approximately $33.1 million. Institutional investors collectively own 80.95% of STRL.
• Analyst sentiment remains positive but has moderated: six analysts rate the stock a Buy and two rate it a Hold, producing a “Moderate Buy” consensus and an average price target of $690.33. KeyCorp lowered its target to $754, while Cantor Fitzgerald maintained an Overweight rating with a $742 target.
• Sterling Infrastructure reported strong quarterly results, with EPS of $5.80 beating estimates of $5.01 and revenue rising 90.4% year over year to $1.17 billion. The company guided to fiscal 2026 EPS of $19.70–$20.30.

Congress Asset Management Co. cut its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 70.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 67,268 shares of the construction company's stock after selling 163,144 shares during the period. Congress Asset Management Co. owned 0.22% of Sterling Infrastructure worth $33,081,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in STRL. Wellington Shields & Co. LLC bought a new stake in Sterling Infrastructure in the second quarter valued at approximately $29,000. Persistent Asset Partners Ltd bought a new position in shares of Sterling Infrastructure during the 2nd quarter worth approximately $40,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Sterling Infrastructure by 100.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 60 shares of the construction company's stock worth $50,000 after acquiring an additional 30 shares during the last quarter. TD Waterhouse Canada Inc. increased its holdings in shares of Sterling Infrastructure by 35.7% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 76 shares of the construction company's stock worth $59,000 after acquiring an additional 20 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Sterling Infrastructure by 43.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 79 shares of the construction company's stock valued at $66,000 after acquiring an additional 24 shares during the period. Institutional investors and hedge funds own 80.95% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on STRL. KeyCorp reduced their price objective on shares of Sterling Infrastructure from $922.00 to $754.00 and set an "overweight" rating for the company in a research report on Wednesday, August 5th. Wall Street Zen lowered shares of Sterling Infrastructure from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 5th. Weiss Ratings cut shares of Sterling Infrastructure from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, September 9th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $742.00 target price on shares of Sterling Infrastructure in a report on Wednesday, September 30th. Finally, Zacks Research lowered shares of Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $690.33.

Sterling Infrastructure Stock Performance

Shares of Sterling Infrastructure stock opened at $563.69 on Wednesday. The company's 50 day moving average price is $516.17 and its two-hundred day moving average price is $616.73. The firm has a market capitalization of $17.24 billion, a P/E ratio of 40.64, a P/E/G ratio of 1.83 and a beta of 1.86. Sterling Infrastructure, Inc. has a fifty-two week low of $281.58 and a fifty-two week high of $1,005.68. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.11 and a quick ratio of 1.11.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last issued its earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.01 by $0.79. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $969.22 million. The business's revenue was up 90.4% on a year-over-year basis. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. On average, equities analysts forecast that Sterling Infrastructure, Inc. will post 19.1 earnings per share for the current fiscal year.

Sterling Infrastructure Profile

Sterling Infrastructure, Inc is an infrastructure services company that provides construction and rehabilitation solutions for public and private-sector customers in the United States. Formerly known as Sterling Construction Company, the company adopted its current name to reflect the expansion of its business beyond traditional transportation construction.

The company operates through three principal business segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions.

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