AlphaQuest LLC Has $1.28 Million Stock Position in Sterling Infrastructure, Inc. $STRL

Key Points

• AlphaQuest LLC cut its Sterling Infrastructure stake by 26.6% in the fourth quarter, selling 1,512 shares and leaving it with 4,171 shares worth about $1.28 million.
• Institutional interest remains strong, with hedge funds and other large investors actively adding to or opening positions; institutions now own 80.95% of the company.
• Sterling Infrastructure posted a big earnings beat, reporting $3.59 EPS versus $2.29 expected and revenue of $825.68 million versus $603.58 million, while analysts largely remain bullish with a consensus “Moderate Buy” rating.

AlphaQuest LLC lowered its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 26.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,171 shares of the construction company's stock after selling 1,512 shares during the period. AlphaQuest LLC's holdings in Sterling Infrastructure were worth $1,277,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Northwestern Mutual Investment Management Company LLC acquired a new stake in shares of Sterling Infrastructure in the fourth quarter valued at about $2,105,000. Truist Financial Corp increased its holdings in Sterling Infrastructure by 30.8% during the fourth quarter. Truist Financial Corp now owns 5,005 shares of the construction company's stock worth $1,533,000 after buying an additional 1,179 shares during the last quarter. Telligent Fund LP acquired a new position in Sterling Infrastructure during the third quarter worth $1,019,000. Harbor Capital Advisors Inc. increased its holdings in Sterling Infrastructure by 6,893.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 3,287 shares of the construction company's stock worth $1,007,000 after buying an additional 3,240 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in Sterling Infrastructure by 1,307.9% during the third quarter. Allworth Financial LP now owns 7,631 shares of the construction company's stock worth $2,592,000 after buying an additional 7,089 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on STRL shares. Stifel Nicolaus set a $486.00 target price on shares of Sterling Infrastructure and gave the stock a "buy" rating in a report on Wednesday, February 11th. KeyCorp boosted their target price on shares of Sterling Infrastructure from $572.00 to $889.00 and gave the stock an "overweight" rating in a report on Wednesday, May 6th. Oppenheimer began coverage on shares of Sterling Infrastructure in a report on Thursday. They set an "outperform" rating and a $950.00 target price on the stock. Zacks Research downgraded Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 1st. Finally, Argus began coverage on Sterling Infrastructure in a research report on Thursday, April 16th. They set a "buy" rating and a $510.00 price target on the stock. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $715.17.

Sterling Infrastructure Trading Up 7.8%

Shares of NASDAQ:STRL opened at $842.96 on Friday. The company has a market capitalization of $25.87 billion, a P/E ratio of 75.40, a P/E/G ratio of 2.90 and a beta of 1.64. Sterling Infrastructure, Inc. has a 1 year low of $183.40 and a 1 year high of $893.13. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 1.10. The business's 50 day simple moving average is $574.61 and its 200 day simple moving average is $436.03.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.29 by $1.30. The business had revenue of $825.68 million for the quarter, compared to the consensus estimate of $603.58 million. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.During the same quarter in the prior year, the business posted $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. On average, research analysts anticipate that Sterling Infrastructure, Inc. will post 18.01 EPS for the current fiscal year.

Insider Transactions at Sterling Infrastructure

In other Sterling Infrastructure news, CEO Joseph A. Cutillo sold 50,000 shares of the stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $497.57, for a total transaction of $24,878,500.00. Following the sale, the chief executive officer directly owned 290,593 shares in the company, valued at $144,590,359.01. This represents a 14.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is owned by insiders.

Sterling Infrastructure 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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