Comerica Bank Reduces Position in Sterling Infrastructure, Inc. $STRL

Key Points

• Comerica Bank trimmed its stake in Sterling Infrastructure (NASDAQ:STRL) by 37.7% in Q4, selling 5,346 shares and ending the quarter with 8,844 shares valued at about $2.71 million, while overall institutional ownership sits around 80.95%.
• Sterling reported a record Q1 with adjusted EPS of $3.59 and revenue of $825.7M (well above estimates) and raised FY‑2026 guidance to $3.7B–$3.8B in revenue and $18.40–$19.05 in adjusted EPS.
• Significant insider selling has occurred recently: CEO Joseph Cutillo sold 50,000 shares for ~$24.9M under a Rule 10b5‑1 plan, and insiders have sold 104,000 shares (~$49.16M) over the last three months.

Comerica Bank trimmed its position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 37.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,844 shares of the construction company's stock after selling 5,346 shares during the quarter. Comerica Bank's holdings in Sterling Infrastructure were worth $2,708,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Root Financial Partners LLC purchased a new stake in shares of Sterling Infrastructure in the third quarter worth about $26,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Sterling Infrastructure in the third quarter worth about $28,000. Fifth Third Bancorp lifted its holdings in shares of Sterling Infrastructure by 76.1% in the third quarter. Fifth Third Bancorp now owns 81 shares of the construction company's stock worth $28,000 after buying an additional 35 shares in the last quarter. Bogart Wealth LLC lifted its holdings in shares of Sterling Infrastructure by 535.7% in the third quarter. Bogart Wealth LLC now owns 89 shares of the construction company's stock worth $30,000 after buying an additional 75 shares in the last quarter. Finally, Optiver Holding B.V. lifted its holdings in shares of Sterling Infrastructure by 108.2% in the third quarter. Optiver Holding B.V. now owns 102 shares of the construction company's stock worth $35,000 after buying an additional 53 shares in the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings raised shares of Sterling Infrastructure from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, January 26th. Cantor Fitzgerald increased their price target on shares of Sterling Infrastructure from $413.00 to $482.00 and gave the stock an "overweight" rating in a report on Monday, March 2nd. DA Davidson increased their price target on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the stock a "buy" rating in a report on Friday, February 27th. KeyCorp assumed coverage on shares of Sterling Infrastructure in a report on Thursday, April 23rd. They issued an "overweight" rating and a $572.00 price target on the stock. Finally, Argus assumed coverage on shares of Sterling Infrastructure in a report on Thursday, April 16th. They issued a "buy" rating and a $510.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $510.00.

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, CEO Joseph A. Cutillo sold 50,000 shares of Sterling Infrastructure stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $497.57, for a total transaction of $24,878,500.00. Following the transaction, the chief executive officer directly owned 290,593 shares of the company's stock, valued at approximately $144,590,359.01. This trade represents a 14.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dana C. O'brien sold 2,000 shares of Sterling Infrastructure stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $410.00, for a total transaction of $820,000.00. Following the transaction, the director directly owned 11,498 shares in the company, valued at $4,714,180. This trade represents a 14.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 104,000 shares of company stock worth $49,162,500 over the last three months. Insiders own 1.60% of the company's stock.

More Sterling Infrastructure News

Here are the key news stories impacting Sterling Infrastructure this week:

• Positive Sentiment: Record Q1 results — Sterling reported adjusted EPS of $3.59 and revenue of ~$825.7M (around +92% YoY), beating consensus by a wide margin; adjusted EBITDA and net income were also notably strong, supporting upside to valuation. Sterling Infrastructure (STRL) Q1 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management raised FY‑2026 guidance materially — revenue guide $3.7B–$3.8B and adjusted diluted EPS $18.40–$19.05, well above Street expectations, signaling strong forward visibility and prompting the intraday rally. Sterling Reports Record First Quarter Results and Raises Full Year 2026 Guidance
• Positive Sentiment: Backlog expansion and cash generation — backlog rose to ~$3.8B (combined backlog ~$5.15B) and cash flow/adjusted EBITDA were strong, improving multi‑year revenue visibility and execution confidence. Sterling Infrastructure (STRL) surges on record Q1 results and raised 2026 outlook
• Neutral Sentiment: Analyst coverage and price targets — several firms have targets in the $482–$572 range; the beat and guide may prompt upward revisions, but investor focus will shift to how management executes across the larger revenue base. Sterling Infrastructure (STRL) surges on record Q1 results and raised 2026 outlook
• Negative Sentiment: Recent insider selling — multiple insider sales (including by the CEO) were reported over the past six months; while common at high valuations, these sales could concern some shareholders about near‑term insider conviction. Sterling Infrastructure (STRL) surges on record Q1 results and raised 2026 outlook
• Negative Sentiment: Institutional portfolio changes — notable institutions trimmed positions in recent quarters; large prior reductions could amplify volatility despite the strong quarter. Sterling Infrastructure (STRL) surges on record Q1 results and raised 2026 outlook

Sterling Infrastructure Trading Down 0.6%

STRL stock opened at $529.49 on Tuesday. The company has a market capitalization of $16.24 billion, a PE ratio of 56.51, a price-to-earnings-growth ratio of 2.74 and a beta of 1.64. Sterling Infrastructure, Inc. has a one year low of $163.89 and a one year high of $548.00. The company's 50 day moving average price is $436.19 and its two-hundred day moving average price is $381.32. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.01 and a current ratio of 1.01.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last posted its quarterly earnings results on Monday, May 4th. The construction company reported $3.59 EPS for the quarter, topping the consensus estimate of $2.29 by $1.30. The firm had revenue of $825.68 million for the quarter, compared to the consensus estimate of $603.58 million. Sterling Infrastructure had a net margin of 11.65% and a return on equity of 32.82%. During the same period last year, the firm posted $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, analysts predict that Sterling Infrastructure, Inc. will post 12.94 earnings per share for the current fiscal year.

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.

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.