Canada Pension Plan Investment Board Raises Stake in Sterling Infrastructure, Inc. $STRL

Key Points

• Canada Pension Plan Investment Board increased its Sterling Infrastructure stake by 38.5% in the second quarter, bringing its holdings to 9,640 shares valued at approximately $8.1 million. Institutional investors collectively own 80.95% of the company.
• Sterling Infrastructure shares were trading at $470.52, down 7.1%, well below their 52-week high of $1,005.68. The stock has a market capitalization of about $14.39 billion and a price-to-earnings ratio of 33.92.
• The company beat quarterly earnings expectations with $5.80 in adjusted earnings per share versus a $5.01 estimate, while revenue rose 90.4% year over year to $1.17 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $690.33.

Canada Pension Plan Investment Board increased its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 38.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,640 shares of the construction company's stock after acquiring an additional 2,680 shares during the period. Canada Pension Plan Investment Board's holdings in Sterling Infrastructure were worth $8,091,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Devon Energy Corp DE bought a new position in shares of Sterling Infrastructure during the second quarter valued at approximately $548,390,288,000. BlackRock Inc. bought a new stake in shares of Sterling Infrastructure in the 2nd quarter worth approximately $2,713,946,000. State Street Corp boosted its position in shares of Sterling Infrastructure by 62.0% in the 2nd quarter. State Street Corp now owns 1,131,751 shares of the construction company's stock worth $261,129,000 after purchasing an additional 433,311 shares in the last quarter. Invesco Ltd. boosted its position in shares of Sterling Infrastructure by 29.8% in the 3rd quarter. Invesco Ltd. now owns 955,387 shares of the construction company's stock worth $324,526,000 after purchasing an additional 219,477 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Sterling Infrastructure by 27.3% in the 1st quarter. First Trust Advisors LP now owns 877,990 shares of the construction company's stock worth $357,579,000 after buying an additional 188,048 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company's stock.

Sterling Infrastructure Trading Down 7.1%

NASDAQ:STRL opened at $470.52 on Friday. The company's 50 day moving average price is $638.53 and its 200-day moving average price is $601.26. Sterling Infrastructure, Inc. has a 52 week low of $266.13 and a 52 week high of $1,005.68. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.19. The stock has a market cap of $14.39 billion, a price-to-earnings ratio of 33.92, a PEG ratio of 1.64 and a beta of 1.88.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $5.01 by $0.79. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $969.22 million. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The business's revenue for the quarter 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. On average, equities research analysts forecast that Sterling Infrastructure, Inc. will post 19.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 2,500 shares of Sterling Infrastructure 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 sale, the general counsel owned 28,137 shares of the company's stock, valued at approximately $24,985,656. This trade represents a 8.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

STRL has been the subject of a number of analyst reports. Zacks Research lowered Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 7th. Wall Street Zen raised Sterling Infrastructure from a "buy" rating to a "strong-buy" rating in a report on Monday, August 24th. DA Davidson began coverage on Sterling Infrastructure in a research note on Friday, August 21st. They issued a "buy" rating and a $700.00 target price on the stock. Oppenheimer began coverage on Sterling Infrastructure in a report on Thursday, May 28th. They set an "outperform" rating and a $950.00 price target for the company. Finally, Weiss Ratings lowered Sterling Infrastructure from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, July 28th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, 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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