Congress Asset Management Co. Decreases Stock Position in Sterling Infrastructure, Inc. $STRL

Key Points

• Congress Asset Management trimmed its stake in Sterling Infrastructure by 7.9% in Q4 to 469,200 shares (1.0% of its portfolio and the firm's 20th largest holding), while institutional investors collectively own about 80.95% of the company.
• Sterling reported a strong earnings beat with Q results of $3.08 EPS (vs. $2.63 expected) and $755.6M revenue, set FY2026 guidance of $13.45–$14.05 EPS, and has received multiple analyst upgrades with an average price target of $489.33.
• Insiders have been selling: two directors sold 2,860 and 2,000 shares at roughly $350 and $410 respectively, contributing to 6,860 shares ($2.61M) sold over the last 90 days, and insiders now own about 2.7% of the stock.

Congress Asset Management Co. trimmed its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 7.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 469,200 shares of the construction company's stock after selling 40,144 shares during the period. Sterling Infrastructure makes up 1.0% of Congress Asset Management Co.'s portfolio, making the stock its 20th biggest position. Congress Asset Management Co. owned 1.53% of Sterling Infrastructure worth $143,683,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in shares of Sterling Infrastructure during the third quarter valued at about $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Sterling Infrastructure in the third quarter worth about $28,000. Fifth Third Bancorp lifted its stake 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 acquiring an additional 35 shares in the last quarter. Bogart Wealth LLC boosted its holdings in Sterling Infrastructure by 535.7% in the third quarter. Bogart Wealth LLC now owns 89 shares of the construction company's stock valued at $30,000 after purchasing an additional 75 shares during the last quarter. Finally, Optiver Holding B.V. grew its stake in Sterling Infrastructure by 108.2% during the 3rd quarter. Optiver Holding B.V. now owns 102 shares of the construction company's stock valued at $35,000 after purchasing an additional 53 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company's stock.

Insider Buying and Selling at Sterling Infrastructure

In related news, Director Dwayne Andree Wilson sold 2,860 shares of the firm's stock in a transaction on Friday, January 16th. The stock was sold at an average price of $350.00, for a total transaction of $1,001,000.00. Following the transaction, the director directly owned 14,749 shares in the company, valued at $5,162,150. This trade represents a 16.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dana C. O'brien sold 2,000 shares of Sterling Infrastructure stock in a transaction 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 completion of the transaction, the director directly owned 11,498 shares of the company's stock, valued at approximately $4,714,180. This represents a 14.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,860 shares of company stock worth $2,611,000 over the last 90 days. 2.70% of the stock is currently owned by company insiders.

Sterling Infrastructure Stock Up 5.2%

Shares of Sterling Infrastructure stock opened at $422.55 on Tuesday. The business has a 50-day moving average price of $398.60 and a 200 day moving average price of $359.41. Sterling Infrastructure, Inc. has a fifty-two week low of $96.34 and a fifty-two week high of $477.03. The firm has a market cap of $12.95 billion, a P/E ratio of 45.10, a P/E/G ratio of 2.09 and a beta of 1.48. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.25.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last released its earnings results on Wednesday, February 25th. The construction company reported $3.08 EPS for the quarter, topping analysts' consensus estimates of $2.63 by $0.45. The company had revenue of $755.61 million for the quarter, compared to the consensus estimate of $639.41 million. Sterling Infrastructure had a return on equity of 32.82% and a net margin of 11.65%.Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. On average, sell-side analysts forecast that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on STRL shares. Cantor Fitzgerald lifted their price objective on Sterling Infrastructure from $413.00 to $482.00 and gave the stock an "overweight" rating in a report on Monday, March 2nd. Stifel Nicolaus set a $486.00 target price on Sterling Infrastructure and gave the company a "buy" rating in a research note on Wednesday, February 11th. Zacks Research raised shares of Sterling Infrastructure from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 4th. Wall Street Zen upgraded shares of Sterling Infrastructure from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 7th. Finally, Weiss Ratings raised shares of Sterling Infrastructure from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $489.33.

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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