Crown Advisors Management Inc. purchased a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 20,000 shares of the construction company's stock, valued at approximately $16,787,000. Sterling Infrastructure comprises 9.2% of Crown Advisors Management Inc.'s portfolio, making the stock its 2nd largest position. Crown Advisors Management Inc. owned about 0.07% of Sterling Infrastructure at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Persistent Asset Partners Ltd purchased a new stake in shares of Sterling Infrastructure in the 2nd quarter valued at $40,000. MassMutual Private Wealth & Trust FSB raised its position in Sterling Infrastructure by 100.0% in the 2nd 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 period. Cedar Mountain Advisors LLC raised its position in Sterling Infrastructure by 8,000.0% in the 1st quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company's stock worth $33,000 after purchasing an additional 80 shares during the period. NFSG Corp lifted its stake in Sterling Infrastructure by 578.6% in the first quarter. NFSG Corp now owns 95 shares of the construction company's stock worth $39,000 after purchasing an additional 81 shares during the last quarter. Finally, Kemnay Advisory Services Inc. bought a new stake in Sterling Infrastructure in the fourth quarter worth $31,000. 80.95% of the stock is owned by hedge funds and other institutional investors.
Sterling Infrastructure Price Performance
NASDAQ STRL opened at $576.48 on Monday. Sterling Infrastructure, Inc. has a 1 year low of $263.45 and a 1 year high of $1,005.68. The stock has a market capitalization of $17.63 billion, a PE ratio of 41.56, a PEG ratio of 2.01 and a beta of 1.88. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.11 and a quick ratio of 1.11. The business's 50-day moving average is $704.54 and its 200 day moving average is $592.66.
Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The construction company reported $5.80 EPS for the quarter, beating analysts' consensus estimates of $5.01 by $0.79. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $969.22 million. The business's 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. Sell-side analysts forecast that Sterling Infrastructure, Inc. will post 19.11 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on STRL shares. Cantor Fitzgerald reduced their price objective on Sterling Infrastructure from $956.00 to $742.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 5th. KeyCorp lowered their target price on Sterling Infrastructure from $922.00 to $754.00 and set an "overweight" rating for the company in a research note on Wednesday, August 5th. Weiss Ratings lowered Sterling Infrastructure from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, July 28th. Wall Street Zen cut Sterling Infrastructure from a "strong-buy" rating to a "buy" rating in a report on Sunday. Finally, Zacks Research lowered Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 7th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $657.00.
Read Our Latest Analysis on STRL
Insider Activity at Sterling Infrastructure
In related news, General Counsel Mark D. Wolf sold 2,500 shares of the firm's 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 $24,985,656. This trade represents a 8.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.60% of the stock is currently owned by corporate insiders.
About Sterling Infrastructure
(
Free Report)
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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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).

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