Capital Research Global Investors Has $123.93 Million Position in Sterling Infrastructure, Inc. $STRL

Key Points

• Capital Research Global Investors boosted its stake in Sterling Infrastructure by 104.1% to 364,830 shares, a position valued at about $123.93 million (≈1.19% of the company) at quarter-end.
• Sterling beat quarterly expectations with EPS of $3.08 (vs. $2.63 est.) and revenue of $755.6M (vs. $639.4M est.), set FY2026 guidance of roughly 13.45–14.05 EPS, and authorized a $400 million share buyback (up to ~3.4% of shares).
• Analysts have upgraded the stock recently—consensus is a Buy with an average target of about $489.33 and individual price targets raised up to $500, including some "strong-buy" ratings.

Capital Research Global Investors lifted its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 104.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 364,830 shares of the construction company's stock after buying an additional 186,122 shares during the period. Capital Research Global Investors owned about 1.19% of Sterling Infrastructure worth $123,925,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Sterling Infrastructure in the second quarter valued at about $26,000. Root Financial Partners LLC acquired a new position in Sterling Infrastructure during the third quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in Sterling Infrastructure in the third quarter valued at approximately $28,000. Fifth Third Bancorp increased its position in shares of Sterling Infrastructure by 76.1% during the 3rd quarter. Fifth Third Bancorp now owns 81 shares of the construction company's stock worth $28,000 after purchasing an additional 35 shares during the last quarter. Finally, Bogart Wealth LLC increased its position in shares of Sterling Infrastructure by 535.7% during the 3rd quarter. Bogart Wealth LLC now owns 89 shares of the construction company's stock worth $30,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 80.95% of the company's stock.

Insider Activity

In related news, Director Dana C. O'brien sold 2,000 shares of Sterling Infrastructure stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $410.00, for a total transaction of $820,000.00. Following the completion of the sale, the director owned 11,498 shares of the company's stock, valued at approximately $4,714,180. The trade was a 14.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Dwayne Andree Wilson sold 2,860 shares of the company's stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $350.00, for a total transaction of $1,001,000.00. Following the completion of the transaction, the director owned 14,749 shares in the company, valued at approximately $5,162,150. This trade represents a 16.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 6,860 shares of company stock worth $2,611,000 over the last three months. Insiders own 3.70% of the company's stock.

Analyst Upgrades and Downgrades

STRL has been the subject of several recent analyst reports. Cantor Fitzgerald increased their price objective on Sterling Infrastructure from $413.00 to $482.00 and gave the company an "overweight" rating in a report on Monday, March 2nd. Zacks Research upgraded shares of Sterling Infrastructure from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 4th. Stifel Nicolaus set a $486.00 target price on shares of Sterling Infrastructure and gave the stock a "buy" rating in a report on Wednesday, February 11th. DA Davidson increased their price target on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the company a "buy" rating in a research note on Friday, February 27th. Finally, Wall Street Zen raised shares of Sterling Infrastructure from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 7th. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company's stock. According to MarketBeat, Sterling Infrastructure presently has a consensus rating of "Buy" and an average target price of $489.33.

Sterling Infrastructure Stock Performance

Shares of NASDAQ STRL opened at $420.60 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $12.89 billion, a P/E ratio of 44.89, a P/E/G ratio of 2.14 and a beta of 1.48. Sterling Infrastructure, Inc. has a 12 month low of $96.34 and a 12 month high of $477.03. The stock has a 50 day moving average of $382.05 and a 200-day moving average of $351.54.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The construction company reported $3.08 earnings per share for the quarter, beating analysts' consensus estimates of $2.63 by $0.45. Sterling Infrastructure had a return on equity of 32.82% and a net margin of 11.65%.The business had revenue of $755.61 million for the quarter, compared to analysts' expectations of $639.41 million. Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. As a group, equities research analysts predict that Sterling Infrastructure, Inc. will post 5.98 EPS for the current year.

Sterling Infrastructure announced that its Board of Directors has initiated a stock buyback program on Wednesday, November 12th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the construction company to repurchase up to 3.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

About Sterling Infrastructure

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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