Beacon Pointe Advisors LLC Invests $3.23 Million in Sterling Infrastructure, Inc. $STRL

Beacon Pointe Advisors LLC purchased a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,852 shares of the construction company's stock, valued at approximately $3,233,000.

Several other hedge funds also recently modified their holdings of STRL. Signature Equity Partners LLC lifted its holdings in Sterling Infrastructure by 19.5% in the 1st quarter. Signature Equity Partners LLC now owns 104 shares of the construction company's stock valued at $42,000 after acquiring an additional 17 shares during the last quarter. World Investment Advisors raised its holdings in Sterling Infrastructure by 2.4% during the 1st quarter. World Investment Advisors now owns 870 shares of the construction company's stock worth $354,000 after buying an additional 20 shares during the period. Ritholtz Wealth Management lifted its stake in Sterling Infrastructure by 3.6% during the first quarter. Ritholtz Wealth Management now owns 686 shares of the construction company's stock valued at $279,000 after buying an additional 24 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Sterling Infrastructure by 43.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 79 shares of the construction company's stock worth $66,000 after buying an additional 24 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in shares of Sterling Infrastructure by 33.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company's stock worth $33,000 after acquiring an additional 27 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Sterling Infrastructure Stock Performance

NASDAQ STRL opened at $470.52 on Friday. The firm has a market capitalization of $14.39 billion, a price-to-earnings ratio of 33.92, a P/E/G ratio of 1.64 and a beta of 1.88. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.11 and a quick ratio of 1.11. Sterling Infrastructure, Inc. has a 52-week low of $266.13 and a 52-week high of $1,005.68. The company's fifty day moving average is $638.53 and its two-hundred day moving average is $601.26.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last issued its earnings results on Monday, August 3rd. The construction company reported $5.80 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 firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $969.22 million. The firm'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. Equities research analysts forecast that Sterling Infrastructure, Inc. will post 19.14 EPS for the current year.

Insider Buying and Selling

In other Sterling Infrastructure 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 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 ownership of the stock. The sale 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.

Analyst Ratings Changes

STRL has been the subject of several research analyst reports. Oppenheimer assumed coverage on shares of Sterling Infrastructure in a research report on Thursday, May 28th. They issued an "outperform" rating and a $950.00 price target for the company. Wall Street Zen upgraded Sterling Infrastructure from a "buy" rating to a "strong-buy" rating in a report on Monday, August 24th. Zacks Research cut Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 7th. Weiss Ratings downgraded Sterling Infrastructure from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, July 28th. Finally, KeyCorp lowered their price target 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. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Sterling Infrastructure currently has an average rating of "Moderate Buy" and a consensus target price of $690.33.

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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