Danske Bank A S Sells 21,509 Shares of Sterling Infrastructure, Inc. $STRL

Key Points

• Danske Bank cut its Sterling Infrastructure position by 46.3% in the second quarter, selling 21,509 shares and retaining 24,940 shares worth about $20.9 million. Institutional investors and hedge funds collectively own 80.95% of the stock.
• Sterling Infrastructure reported strong quarterly results, with earnings of $5.80 per share versus the $5.01 consensus estimate and revenue of $1.17 billion, up 90.4% year over year. The company issued fiscal 2026 EPS guidance of $19.70–$20.30.
• Analysts remain broadly positive, with seven Buy ratings and one Hold, though several firms lowered their price targets. The stock has a “Moderate Buy” consensus rating and an average target of $690.33, compared with a recent opening price of $520.53.

Danske Bank A S cut its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 46.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,940 shares of the construction company's stock after selling 21,509 shares during the period. Danske Bank A S owned 0.08% of Sterling Infrastructure worth $20,934,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Persistent Asset Partners Ltd acquired a new position in Sterling Infrastructure during the second quarter worth approximately $40,000. MassMutual Private Wealth & Trust FSB raised its stake in Sterling Infrastructure by 100.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 60 shares of the construction company's stock valued at $50,000 after buying an additional 30 shares during the period. Cedar Mountain Advisors LLC lifted its position in shares of Sterling Infrastructure by 8,000.0% in the first quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company's stock valued at $33,000 after buying an additional 80 shares during the last quarter. NFSG Corp boosted its stake in shares of Sterling Infrastructure by 578.6% during the 1st quarter. NFSG Corp now owns 95 shares of the construction company's stock worth $39,000 after acquiring an additional 81 shares during the period. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Sterling Infrastructure during the 4th quarter worth approximately $31,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Sterling Infrastructure Price Performance

Shares of NASDAQ:STRL opened at $520.53 on Friday. The firm has a 50 day moving average of $681.96 and a 200-day moving average of $597.80. The stock has a market capitalization of $15.92 billion, a PE ratio of 37.53, a PEG ratio of 1.86 and a beta of 1.88. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.19. 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 issued its quarterly earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, topping analysts' consensus estimates of $5.01 by $0.79. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $969.22 million. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The business's revenue for the quarter was up 90.4% on a year-over-year basis. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. On average, equities research analysts predict that Sterling Infrastructure, Inc. will post 19.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sterling Infrastructure 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 sale, the general counsel owned 28,137 shares of the company's stock, valued at approximately $24,985,656. This trade represents a 8.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on STRL shares. KeyCorp reduced their price objective on shares of Sterling Infrastructure from $922.00 to $754.00 and set an "overweight" rating for the company in a research report on Wednesday, August 5th. DA Davidson set a $700.00 target price on shares of Sterling Infrastructure in a report on Thursday. Wall Street Zen lowered shares of Sterling Infrastructure from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 16th. Cantor Fitzgerald cut their price objective 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 downgraded Sterling Infrastructure from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, July 28th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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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