California State Teachers Retirement System Purchases 29,137,876 Shares of Sterling Infrastructure, Inc. $STRL

Key Points

• California State Teachers Retirement System reportedly added 29.1 million shares of Sterling Infrastructure in the second quarter, bringing its holdings to 29.17 million shares; institutional investors collectively own 80.95% of the stock.
• Sterling Infrastructure reported strong quarterly results, with EPS of $5.80 versus the $5.01 estimate and revenue of $1.17 billion, up 90.4% year over year. The company issued fiscal 2026 EPS guidance of $19.70–$20.30.
• Analyst sentiment remains positive but has softened: seven analysts rate the stock Buy and one rates it Hold, producing a “Moderate Buy” consensus and a $690.33 price target. Shares opened at $486.49, well below their 52-week high of $1,005.68.

California State Teachers Retirement System increased its position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 81,481.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 29,173,636 shares of the construction company's stock after acquiring an additional 29,137,876 shares during the quarter. California State Teachers Retirement System owned about 95.37% of Sterling Infrastructure worth $24,487,183,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in STRL. Wellington Shields & Co. LLC bought a new stake in shares of Sterling Infrastructure in the second quarter valued at approximately $29,000. Persistent Asset Partners Ltd purchased a new position in Sterling Infrastructure in the 2nd quarter valued at approximately $40,000. MassMutual Private Wealth & Trust FSB raised its holdings in Sterling Infrastructure by 100.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 60 shares of the construction company's stock valued at $50,000 after acquiring an additional 30 shares during the period. TD Waterhouse Canada Inc. lifted its position in shares of Sterling Infrastructure by 35.7% during the second quarter. TD Waterhouse Canada Inc. now owns 76 shares of the construction company's stock worth $59,000 after acquiring an additional 20 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Sterling Infrastructure by 43.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 79 shares of the construction company's stock worth $66,000 after acquiring an additional 24 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors.

Sterling Infrastructure Price Performance

NASDAQ:STRL opened at $486.49 on Tuesday. The firm has a market capitalization of $14.88 billion, a price-to-earnings ratio of 35.08, a P/E/G ratio of 1.69 and a beta of 1.85. Sterling Infrastructure, Inc. has a 52-week low of $270.00 and a 52-week high of $1,005.68. The stock has a fifty day moving average of $591.02 and a 200 day moving average of $604.24. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.11 and a current ratio of 1.11.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last posted 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 business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $969.22 million. The firm'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. On average, research analysts expect that Sterling Infrastructure, Inc. will post 19.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on STRL shares. Oppenheimer started coverage on Sterling Infrastructure in a research report on Thursday, May 28th. They issued an "outperform" rating and a $950.00 price target for the company. Weiss Ratings cut Sterling Infrastructure from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, July 28th. Wall Street Zen downgraded Sterling Infrastructure from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Zacks Research cut Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 7th. 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 research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Sterling Infrastructure presently has a consensus rating of "Moderate Buy" and a consensus price target of $690.33.

Insiders Place Their Bets

In other Sterling Infrastructure news, General Counsel Mark Wolf sold 2,500 shares of Sterling Infrastructure stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the completion of the sale, the general counsel directly owned 28,137 shares in the company, valued at $24,985,656. The trade was a 8.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is owned by corporate insiders.

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.

Want to see what other hedge funds are holding STRL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.