Bank of America Corp DE Makes New $95.54 Million Investment in Sterling Infrastructure, Inc. $STRL

Key Points

• Bank of America initiated a $95.54 million position in Sterling Infrastructure during the second quarter, acquiring 113,820 shares, or roughly 0.37% of the company. Institutional investors and hedge funds collectively own 80.95% of STRL.
• Sterling reported strong quarterly results, with EPS of $5.80 exceeding estimates of $5.01 and revenue of $1.17 billion rising 90.4% year over year. The company issued fiscal 2026 EPS guidance of $19.70–$20.30.
• Analyst sentiment remains positive but has moderated, with six Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $690.33, while several firms recently reduced ratings or price targets.

Bank of America Corp DE bought a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 113,820 shares of the construction company's stock, valued at approximately $95,536,000. Bank of America Corp DE owned about 0.37% of Sterling Infrastructure at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of Sterling Infrastructure during the 2nd quarter worth about $2,713,946,000. Jupiter Topco LLC acquired a new position in Sterling Infrastructure during the second quarter worth approximately $395,056,000. First Trust Advisors LP raised 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 purchasing an additional 188,048 shares during the period. Janus Henderson Group PLC raised its stake in Sterling Infrastructure by 7.5% during the first quarter. Janus Henderson Group PLC now owns 619,145 shares of the construction company's stock worth $252,207,000 after purchasing an additional 43,259 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of Sterling Infrastructure in the 2nd quarter valued at $144,725,000. 80.95% of the stock is owned by institutional investors and hedge funds.

Sterling Infrastructure Trading Up 2.6%

Sterling Infrastructure stock opened at $518.68 on Friday. Sterling Infrastructure, Inc. has a one year low of $281.58 and a one year high of $1,005.68. The company's fifty day moving average price is $550.48 and its two-hundred day moving average price is $606.72. 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 has a market capitalization of $15.87 billion, a price-to-earnings ratio of 37.40, a PEG ratio of 1.77 and a beta of 1.85.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.01 by $0.79. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $969.22 million. The company's revenue for the quarter was up 90.4% on a year-over-year basis. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. On average, analysts forecast that Sterling Infrastructure, Inc. will post 19.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on STRL shares. Wall Street Zen cut shares of Sterling Infrastructure from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 5th. Zacks Research cut Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a report on Friday, August 7th. Oppenheimer initiated coverage on Sterling Infrastructure in a research report on Thursday, May 28th. They set an "outperform" rating and a $950.00 price target for the company. Cantor Fitzgerald dropped their price target on Sterling Infrastructure from $956.00 to $742.00 and set an "overweight" rating for the company in a research note on Wednesday, August 5th. Finally, Weiss Ratings downgraded Sterling Infrastructure from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, September 9th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $690.33.

Insider Buying and Selling at Sterling Infrastructure

In other news, General Counsel Mark Wolf sold 2,500 shares of the business's stock in a transaction on 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 directly owned 28,137 shares in the company, valued at approximately $24,985,656. The trade was a 8.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.60% of the company's stock.

About Sterling Infrastructure

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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