3,017 Shares in Sterling Infrastructure, Inc. $STRL Bought by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management initiated a 3,017-share position in Sterling Infrastructure worth approximately $2.53 million. Institutional investors collectively own 80.95% of the company.
• Analysts maintain a generally positive outlook, with seven Buy ratings and one Hold rating, resulting in a consensus “Moderate Buy” rating and an average price target of $657.
• Sterling Infrastructure exceeded quarterly expectations, reporting $5.80 in EPS versus $5.01 expected and $1.17 billion in revenue, up 90.4% year over year. However, General Counsel Mark D. Wolf sold 2,500 shares for $2.22 million.

Assenagon Asset Management S.A. bought a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,017 shares of the construction company's stock, valued at approximately $2,532,000.

Several other large investors have also bought and sold shares of the company. Orser Capital Management LLC bought a new position in shares of Sterling Infrastructure in the 2nd quarter worth approximately $2,599,000. GK Wealth Management LLC bought a new position in shares of Sterling Infrastructure in the 2nd quarter worth about $957,000. GAMMA Investing LLC increased its stake in shares of Sterling Infrastructure by 9.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,292 shares of the construction company's stock worth $1,084,000 after acquiring an additional 116 shares in the last quarter. Harbor Investment Advisory LLC bought a new stake in Sterling Infrastructure during the second quarter worth about $164,000. Finally, Neville Rodie & Shaw Inc. purchased a new stake in Sterling Infrastructure in the second quarter worth about $1,182,000. 80.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on STRL shares. Argus assumed coverage on shares of Sterling Infrastructure in a report on Thursday, April 16th. They set a "buy" rating and a $510.00 target price for the company. Weiss Ratings downgraded Sterling Infrastructure from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, July 28th. Cantor Fitzgerald cut their price objective on shares of Sterling Infrastructure from $956.00 to $742.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 5th. KeyCorp dropped their target price on shares of Sterling Infrastructure from $922.00 to $754.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 5th. Finally, Zacks Research downgraded shares of Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 7th. Seven 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, Sterling Infrastructure currently has a consensus rating of "Moderate Buy" and an average price target of $657.00.

Insider Activity at Sterling Infrastructure

In other news, General Counsel Mark D. Wolf sold 2,500 shares of the company's stock in a transaction on Thursday, June 25th. The stock was 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 $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 available at this link. 1.60% of the stock is owned by company insiders.

Sterling Infrastructure Stock Performance

Shares of STRL stock opened at $553.16 on Friday. The company has a 50 day moving average price of $710.66 and a 200-day moving average price of $591.14. The firm has a market capitalization of $16.92 billion, a PE ratio of 39.88, a P/E/G ratio of 1.92 and a beta of 1.88. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.19. Sterling Infrastructure, Inc. has a 52 week low of $263.45 and a 52 week high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 EPS for the quarter, topping the consensus estimate of $5.01 by $0.79. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $969.22 million. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.The business's revenue 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. As a group, equities research analysts expect that Sterling Infrastructure, Inc. will post 19.11 earnings per share for the current year.

Sterling Infrastructure Company 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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