BIP Wealth LLC Buys Shares of 24,481 Sterling Infrastructure, Inc. $STRL

Key Points

• BIP Wealth acquired 24,481 shares of Sterling Infrastructure during the second quarter, valued at approximately $20.5 million and representing 0.08% of the company.
• Sterling Infrastructure reported strong quarterly results, with EPS of $5.80 versus the $5.01 consensus and revenue of $1.17 billion, up 90.4% year over year.
• Analysts maintain a generally positive outlook, with seven Buy ratings and one Hold; however, several firms recently lowered price targets, resulting in a $657 consensus target.

BIP Wealth LLC acquired a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 24,481 shares of the construction company's stock, valued at approximately $20,549,000. Sterling Infrastructure accounts for about 0.6% of BIP Wealth LLC's holdings, making the stock its 23rd largest holding. BIP Wealth LLC owned 0.08% of Sterling Infrastructure as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp grew its stake in shares of Sterling Infrastructure by 62.0% during the 2nd quarter. State Street Corp now owns 1,131,751 shares of the construction company's stock valued at $261,129,000 after buying an additional 433,311 shares during the period. Invesco Ltd. lifted its stake in shares of Sterling Infrastructure by 29.8% in the third quarter. Invesco Ltd. now owns 955,387 shares of the construction company's stock worth $324,526,000 after acquiring an additional 219,477 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Sterling Infrastructure by 27.3% during the 1st quarter. First Trust Advisors LP now owns 877,990 shares of the construction company's stock valued at $357,579,000 after buying an additional 188,048 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Sterling Infrastructure by 7.5% in the first quarter. Janus Henderson Group PLC now owns 619,145 shares of the construction company's stock worth $252,207,000 after buying an additional 43,259 shares during the last quarter. Finally, UBS Group AG increased its stake in shares of Sterling Infrastructure by 45.4% in the third quarter. UBS Group AG now owns 483,864 shares of the construction company's stock worth $164,359,000 after buying an additional 151,146 shares during the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Sterling Infrastructure Trading Up 4.2%

Shares of NASDAQ:STRL opened at $576.48 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.11 and a current ratio of 1.11. The stock's 50-day moving average is $704.54 and its 200-day moving average is $591.04. The company has a market cap of $17.63 billion, a P/E ratio of 41.56, a P/E/G ratio of 1.93 and a beta of 1.88. Sterling Infrastructure, Inc. has a 52-week low of $263.45 and a 52-week high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last announced its quarterly earnings data 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 net margin of 12.55% and a return on equity of 40.12%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $969.22 million. The company's revenue 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 predict that Sterling Infrastructure, Inc. will post 19.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Oppenheimer assumed coverage on shares of Sterling Infrastructure in a research report on Thursday, May 28th. They set an "outperform" rating and a $950.00 price target on the stock. KeyCorp lowered their price target on shares of Sterling Infrastructure from $922.00 to $754.00 and set an "overweight" rating for the company in a research report on Wednesday, August 5th. Zacks Research cut Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 7th. Weiss Ratings cut shares of Sterling Infrastructure from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, July 28th. Finally, Cantor Fitzgerald dropped their price objective on Sterling Infrastructure from $956.00 to $742.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 5th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $657.00.

Insider Activity at Sterling Infrastructure

In related news, General Counsel Mark D. Wolf sold 2,500 shares of the firm'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 completion of the transaction, the general counsel directly owned 28,137 shares of the company's stock, valued at $24,985,656. This trade represents a 8.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.60% of the company's stock.

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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