Connor Clark & Lunn Investment Management Ltd. Sells 6,828 Shares of Sterling Infrastructure, Inc. $STRL

Key Points

• Connor Clark & Lunn Investment Management cut its Sterling Infrastructure position by 88.5%, selling 6,828 shares and retaining 891 shares valued at approximately $748,000.
• Sterling Infrastructure reported strong quarterly results, with earnings of $5.80 per share and revenue of $1.17 billion, exceeding estimates; revenue increased 90.4% year over year.
• Analysts maintain a generally positive view, with seven Buy ratings and one Hold rating, though several firms reduced their price targets. The stock’s average target is $690.33 versus an opening price of $470.07.

Connor Clark & Lunn Investment Management Ltd. decreased its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 88.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 891 shares of the construction company's stock after selling 6,828 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Sterling Infrastructure were worth $748,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in STRL. Wellington Shields & Co. LLC acquired a new position in Sterling Infrastructure in the 2nd quarter valued at about $29,000. Persistent Asset Partners Ltd bought a new stake in Sterling Infrastructure during the second quarter worth about $40,000. MassMutual Private Wealth & Trust FSB lifted its stake in Sterling Infrastructure by 100.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 60 shares of the construction company's stock worth $50,000 after purchasing an additional 30 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Sterling Infrastructure by 43.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 79 shares of the construction company's stock worth $66,000 after buying an additional 24 shares during the last quarter. Finally, Cedar Mountain Advisors LLC boosted its stake in shares of Sterling Infrastructure by 8,000.0% in the 1st quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company's stock valued at $33,000 after purchasing an additional 80 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors.

Insider Transactions at Sterling Infrastructure

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 2,500 shares of the stock in a transaction that occurred 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 transaction, the general counsel 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.60% of the company's stock.

Sterling Infrastructure Stock Down 0.1%

Shares of NASDAQ STRL opened at $470.07 on Tuesday. 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 firm has a market cap of $14.38 billion, a PE ratio of 33.89, a P/E/G ratio of 1.64 and a beta of 1.88. The company's fifty day simple moving average is $629.28 and its 200 day simple moving average is $602.94. Sterling Infrastructure, Inc. has a 12-month low of $266.13 and a 12-month high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $969.22 million. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The business'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. As a group, sell-side analysts forecast that Sterling Infrastructure, Inc. will post 19.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on STRL. Zacks Research cut Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a report on Friday, August 7th. Wall Street Zen upgraded Sterling Infrastructure from a "buy" rating to a "strong-buy" rating in a research report on Monday, August 24th. KeyCorp lowered their price objective on Sterling Infrastructure from $922.00 to $754.00 and set an "overweight" rating for the company in a research report on Wednesday, August 5th. Cantor Fitzgerald decreased their target price on shares of Sterling Infrastructure from $956.00 to $742.00 and set an "overweight" rating for the company in a research report on Wednesday, August 5th. Finally, Weiss Ratings lowered shares of Sterling Infrastructure from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, July 28th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $690.33.

Sterling Infrastructure 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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