Clough Capital Partners L P acquired a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,633 shares of the construction company's stock, valued at approximately $894,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Aventail Capital Group LP bought a new stake in Sterling Infrastructure in the third quarter worth approximately $3,010,000. California Public Employees Retirement System bought a new position in shares of Sterling Infrastructure during the 3rd quarter valued at $17,442,000. Algert Global LLC raised its holdings in shares of Sterling Infrastructure by 28.8% during the 3rd quarter. Algert Global LLC now owns 7,782 shares of the construction company's stock valued at $2,643,000 after purchasing an additional 1,740 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Sterling Infrastructure by 11.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 392,734 shares of the construction company's stock valued at $133,404,000 after purchasing an additional 38,776 shares during the last quarter. Finally, Creative Planning boosted its holdings in Sterling Infrastructure by 63.5% in the third quarter. Creative Planning now owns 16,863 shares of the construction company's stock worth $5,728,000 after purchasing an additional 6,550 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Sterling Infrastructure
In other Sterling Infrastructure news, Director Dwayne Andree Wilson sold 2,860 shares of Sterling Infrastructure stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $350.00, for a total value of $1,001,000.00. Following the transaction, the director directly owned 14,749 shares of the company's stock, valued at $5,162,150. The trade was a 16.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dana C. O'brien sold 2,000 shares of the company's stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $410.00, for a total value of $820,000.00. Following the transaction, the director owned 11,498 shares of the company's stock, valued at approximately $4,714,180. This trade represents a 14.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 6,860 shares of company stock valued at $2,611,000. 3.70% of the stock is owned by corporate insiders.
Analyst Ratings Changes
STRL has been the topic of several analyst reports. Stifel Nicolaus set a $486.00 target price on shares of Sterling Infrastructure and gave the stock a "buy" rating in a research report on Wednesday, February 11th. Wall Street Zen upgraded Sterling Infrastructure from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 7th. DA Davidson increased their price objective on Sterling Infrastructure from $460.00 to $500.00 and gave the company a "buy" rating in a report on Friday, February 27th. Cantor Fitzgerald raised their price objective on Sterling Infrastructure from $413.00 to $482.00 and gave the company an "overweight" rating in a research note on Monday, March 2nd. Finally, Zacks Research upgraded Sterling Infrastructure from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company's stock. According to MarketBeat, Sterling Infrastructure presently has an average rating of "Buy" and a consensus price target of $489.33.
Get Our Latest Stock Report on Sterling Infrastructure
Sterling Infrastructure Stock Performance
Shares of STRL opened at $398.12 on Friday. The company has a market capitalization of $12.20 billion, a PE ratio of 42.49, a price-to-earnings-growth ratio of 2.07 and a beta of 1.48. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.01 and a quick ratio of 1.01. Sterling Infrastructure, Inc. has a one year low of $96.34 and a one year high of $477.03. The company's fifty day moving average price is $385.59 and its 200 day moving average price is $353.10.
Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The construction company reported $3.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.63 by $0.45. The company had revenue of $755.61 million during the quarter, compared to analysts' expectations of $639.41 million. Sterling Infrastructure had a net margin of 11.65% and a return on equity of 32.82%. Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. As a group, analysts expect that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current year.
Sterling Infrastructure Profile
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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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