California State Teachers Retirement System Has $29.17 Million Position in Sterling Infrastructure, Inc. $STRL

California State Teachers Retirement System lowered its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 2.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,757 shares of the construction company's stock after selling 1,003 shares during the quarter. California State Teachers Retirement System owned 0.11% of Sterling Infrastructure worth $29,173,636 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of STRL. Engle Capital Management L.P. boosted its position in Sterling Infrastructure by 156.5% during the 1st quarter. Engle Capital Management L.P. now owns 26,500 shares of the construction company's stock worth $10,793,000 after buying an additional 16,167 shares during the period. Equitable Holdings Inc. purchased a new stake in Sterling Infrastructure during the 2nd quarter valued at about $5,012,000. Jupiter Topco LLC purchased a new stake in Sterling Infrastructure in the second quarter worth about $395,056,000. Deutsche Bank AG bought a new stake in Sterling Infrastructure in the second quarter worth $18,337,000. Finally, Northwestern Mutual Investment Management Company LLC bought a new stake in shares of Sterling Infrastructure during the fourth quarter valued at approximately $2,105,000. Institutional investors own 80.95% of the company's stock.

Insiders Place Their Bets

In other news, General Counsel Mark Wolf sold 2,500 shares of the company's stock in a transaction 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 transaction, the general counsel directly owned 28,137 shares in the company, valued at approximately $24,985,656. This represents a 8.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.60% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on STRL shares. Oppenheimer began coverage on Sterling Infrastructure in a research report on Thursday, May 28th. They set an "outperform" rating and a $950.00 price objective for the company. Weiss Ratings lowered Sterling Infrastructure from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, September 9th. Zacks Research downgraded shares of Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 7th. KeyCorp decreased their target price on Sterling Infrastructure from $922.00 to $754.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 5th. Finally, Wall Street Zen lowered Sterling Infrastructure from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 5th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $690.33.

Sterling Infrastructure Trading Down 1.5%

Shares of STRL stock traded down $6.87 during mid-day trading on Tuesday, reaching $466.00. The stock had a trading volume of 258,273 shares, compared to its average volume of 631,130. The stock's 50-day moving average price is $565.65 and its two-hundred day moving average price is $606.42. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.19. Sterling Infrastructure, Inc. has a 52-week low of $281.58 and a 52-week high of $1,005.68. The firm has a market capitalization of $14.25 billion, a PE ratio of 33.61, a price-to-earnings-growth ratio of 1.78 and a beta of 1.85.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, topping analysts' consensus estimates of $5.01 by $0.79. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $969.22 million. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. 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 expect that Sterling Infrastructure, Inc. will post 19.14 earnings per share for the current fiscal year.

Sterling Infrastructure Profile

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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