Deutsche Bank AG bought a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 21,847 shares of the construction company's stock, valued at approximately $18,337,000. Deutsche Bank AG owned approximately 0.07% of Sterling Infrastructure at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp grew its holdings in shares of Sterling Infrastructure by 62.0% during the second quarter. State Street Corp now owns 1,131,751 shares of the construction company's stock worth $261,129,000 after buying an additional 433,311 shares in the last quarter. Invesco Ltd. boosted its position in Sterling Infrastructure by 29.8% during the 3rd quarter. Invesco Ltd. now owns 955,387 shares of the construction company's stock worth $324,526,000 after acquiring an additional 219,477 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Sterling Infrastructure by 27.3% during the 1st quarter. First Trust Advisors LP now owns 877,990 shares of the construction company's stock worth $357,579,000 after acquiring an additional 188,048 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Sterling Infrastructure by 7.5% during the 1st quarter. Janus Henderson Group PLC now owns 619,145 shares of the construction company's stock worth $252,207,000 after acquiring an additional 43,259 shares in the last quarter. Finally, UBS Group AG raised its holdings in shares of Sterling Infrastructure by 45.4% in the third quarter. UBS Group AG now owns 483,864 shares of the construction company's stock valued at $164,359,000 after purchasing an additional 151,146 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.
Insider Activity at Sterling Infrastructure
In other news, General Counsel Mark D. Wolf sold 2,500 shares of Sterling Infrastructure stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $888.00, for a total value of $2,220,000.00. Following the completion of the sale, the general counsel directly owned 28,137 shares in the company, valued at approximately $24,985,656. The trade was a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.60% of the company's stock.
Sterling Infrastructure Stock Down 0.7%
Shares of STRL opened at $516.81 on Friday. Sterling Infrastructure, Inc. has a 52 week low of $266.13 and a 52 week high of $1,005.68. The firm's 50-day simple moving average is $675.12 and its 200 day simple moving average is $597.24. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $15.81 billion, a P/E ratio of 37.26, a price-to-earnings-growth ratio of 1.80 and a beta of 1.88.
Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $969.22 million. The firm's revenue for the quarter was up 90.4% compared to the same quarter last year. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. On average, analysts forecast that Sterling Infrastructure, Inc. will post 19.15 earnings per share for the current year.
Wall Street Analysts Forecast Growth
STRL has been the topic of several analyst reports. KeyCorp cut their price target on shares of Sterling Infrastructure from $922.00 to $754.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 5th. Cantor Fitzgerald lowered their target price on Sterling Infrastructure from $956.00 to $742.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 5th. Oppenheimer assumed coverage on Sterling Infrastructure in a report on Thursday, May 28th. They set an "outperform" rating and a $950.00 target price on the stock. Zacks Research cut Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 7th. Finally, Weiss Ratings downgraded Sterling Infrastructure from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, July 28th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Sterling Infrastructure currently has an average rating of "Moderate Buy" and an average target price of $690.33.
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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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