4,388 Shares in Sterling Infrastructure, Inc. $STRL Bought by Nykredit A S

Nykredit A S bought a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,388 shares of the construction company's stock, valued at approximately $3,683,000.

Other large investors have also recently bought and sold shares of the company. Engle Capital Management L.P. increased its stake in shares of Sterling Infrastructure by 156.5% in the 1st quarter. Engle Capital Management L.P. now owns 26,500 shares of the construction company's stock valued at $10,793,000 after acquiring an additional 16,167 shares in the last quarter. Equitable Holdings Inc. bought a new stake in Sterling Infrastructure in the second quarter valued at $5,012,000. Jupiter Topco LLC acquired a new position in shares of Sterling Infrastructure during the second quarter valued at about $395,056,000. Deutsche Bank AG acquired a new position in shares of Sterling Infrastructure during the second quarter valued at about $18,337,000. Finally, Van ECK Associates Corp grew its stake in shares of Sterling Infrastructure by 47.0% in the 2nd quarter. Van ECK Associates Corp now owns 36,049 shares of the construction company's stock valued at $30,258,000 after buying an additional 11,533 shares during the period. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

STRL has been the topic of a number of research reports. Wall Street Zen downgraded Sterling Infrastructure from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 5th. Zacks Research downgraded shares of Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 7th. KeyCorp lowered their price objective on shares of Sterling Infrastructure from $922.00 to $754.00 and set an "overweight" rating on the stock in a report on Wednesday, August 5th. Weiss Ratings cut shares of Sterling Infrastructure from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, September 9th. Finally, Oppenheimer initiated coverage on shares of Sterling Infrastructure in a report on Thursday, May 28th. They issued an "outperform" rating and a $950.00 target price on the stock. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $690.33.

Insider Activity

In other news, General Counsel Mark Wolf sold 2,500 shares of the company's stock in a transaction that occurred 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 transaction, the general counsel directly owned 28,137 shares of the company's stock, valued at $24,985,656. This represents a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Sterling Infrastructure Stock Up 0.8%

STRL opened at $516.57 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.11 and a quick ratio of 1.11. The company's 50-day moving average is $544.27 and its 200 day moving average is $609.31. Sterling Infrastructure, Inc. has a fifty-two week low of $281.58 and a fifty-two week high of $1,005.68. The firm has a market capitalization of $15.80 billion, a P/E ratio of 37.24, a PEG ratio of 1.79 and a beta of 1.85.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $969.22 million. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The firm'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. Research analysts expect that Sterling Infrastructure, Inc. will post 19.1 earnings per share for the current fiscal year.

Sterling Infrastructure Profile

Sterling Infrastructure, Inc provides infrastructure, engineering and construction services across the United States. The company serves public and private-sector customers through three primary business segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions.

Its E-Infrastructure Solutions segment develops and builds large-scale infrastructure for data centers, advanced manufacturing facilities, energy and communications projects, and other complex industrial sites.

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