Arizona State Retirement System Has $30.38 Million Stake in Sterling Infrastructure, Inc. $STRL

Key Points

• Arizona State Retirement System increased its Sterling Infrastructure stake by 329% in the second quarter, bringing its holdings to 36,191 shares valued at approximately $30.38 million. Institutional investors collectively own 80.95% of the company.
• Sterling Infrastructure reported strong quarterly results, with adjusted earnings of $5.80 per share versus the $5.01 consensus estimate and revenue of $1.17 billion, up 90.4% year over year. The company issued fiscal 2026 EPS guidance of $19.70 to $20.30.
• Analysts remain broadly positive, with seven Buy ratings and one Hold rating, producing a “Moderate Buy” consensus and an average price target of $690.33. Shares recently traded at $502.20, despite a 12-month range reaching as high as $1,005.68.

Arizona State Retirement System lifted its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 329.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,191 shares of the construction company's stock after buying an additional 27,754 shares during the period. Arizona State Retirement System owned approximately 0.12% of Sterling Infrastructure worth $30,377,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its position in shares of Sterling Infrastructure by 81,481.8% in the second quarter. California State Teachers Retirement System now owns 29,173,636 shares of the construction company's stock worth $24,487,183,000 after purchasing an additional 29,137,876 shares during the period. BlackRock Inc. bought a new stake in Sterling Infrastructure during the second quarter worth about $2,713,946,000. State Street Corp lifted its position in 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 purchasing an additional 433,311 shares during the period. Invesco Ltd. grew its stake in Sterling Infrastructure by 29.8% during the third quarter. Invesco Ltd. now owns 955,387 shares of the construction company's stock worth $324,526,000 after buying an additional 219,477 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in Sterling Infrastructure by 27.3% during the first quarter. First Trust Advisors LP now owns 877,990 shares of the construction company's stock worth $357,579,000 after buying an additional 188,048 shares in the last quarter. Institutional investors own 80.95% of the company's stock.

Sterling Infrastructure Stock Up 3.2%

Shares of STRL traded up $15.71 on Tuesday, reaching $502.20. The company's stock had a trading volume of 722,758 shares, compared to its average volume of 636,349. Sterling Infrastructure, Inc. has a twelve month low of $280.81 and a twelve month high of $1,005.68. The stock has a market capitalization of $15.36 billion, a PE ratio of 36.21, a PEG ratio of 1.69 and a beta of 1.85. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.19. The firm has a fifty day moving average of $591.02 and a 200-day moving average of $604.24.

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 analysts' consensus estimates of $5.01 by $0.79. The firm 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 firm's quarterly 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. Equities analysts predict that Sterling Infrastructure, Inc. will post 19.14 EPS for the current year.

Insiders Place Their Bets

In other Sterling Infrastructure news, General Counsel Mark Wolf sold 2,500 shares of the stock in a transaction dated 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 owned 28,137 shares in the company, valued at approximately $24,985,656. This trade represents a 8.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on STRL. Oppenheimer began coverage on Sterling Infrastructure in a research note on Thursday, May 28th. They set an "outperform" rating and a $950.00 target price for the company. DA Davidson assumed coverage on shares of Sterling Infrastructure in a report on Friday, August 21st. They set a "buy" rating and a $700.00 price target on the stock. KeyCorp reduced their target price on Sterling Infrastructure from $922.00 to $754.00 and set an "overweight" rating on the stock in a report on Wednesday, August 5th. Wall Street Zen downgraded Sterling Infrastructure from a "strong-buy" rating to a "buy" rating in a report on Saturday. Finally, Cantor Fitzgerald lowered their price objective on shares of Sterling Infrastructure from $956.00 to $742.00 and set an "overweight" rating for the company in a research note on Wednesday, August 5th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $690.33.

About Sterling Infrastructure

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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