Deepwater Asset Management LLC Buys New Stake in Sterling Infrastructure, Inc. $STRL

Key Points

• Deepwater Asset Management initiated a 7,607-share position in Sterling Infrastructure worth approximately $6.4 million, making STRL 2.9% of its portfolio. Institutional investors and hedge funds collectively own 80.95% of the company.
• Sterling reported strong quarterly results, with EPS of $5.80 beating estimates by $0.79 and revenue of $1.17 billion rising 90.4% year over year. The company provided fiscal 2026 EPS guidance of $19.70 to $20.30.
• Analyst sentiment remains positive overall, with seven Buy ratings and one Hold rating, though several firms recently reduced price targets. The stock opened at $554.76, well below its 52-week high of $1,005.68.

Deepwater Asset Management LLC purchased a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,607 shares of the construction company's stock, valued at approximately $6,385,000. Sterling Infrastructure comprises approximately 2.9% of Deepwater Asset Management LLC's investment portfolio, making the stock its 23rd biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Engle Capital Management L.P. grew its stake in shares of Sterling Infrastructure by 156.5% during the 1st quarter. Engle Capital Management L.P. now owns 26,500 shares of the construction company's stock worth $10,793,000 after purchasing an additional 16,167 shares during the period. Northwestern Mutual Investment Management Company LLC acquired a new position in shares of Sterling Infrastructure in the 4th quarter valued at $2,105,000. Private Advisor Group LLC lifted its stake in shares of Sterling Infrastructure by 28.2% in the 1st quarter. Private Advisor Group LLC now owns 7,099 shares of the construction company's stock valued at $2,891,000 after purchasing an additional 1,561 shares during the period. Ranger Investment Management L.P. purchased a new stake in Sterling Infrastructure during the first quarter worth $21,844,000. Finally, Truist Financial Corp boosted its holdings in Sterling Infrastructure by 30.8% during the fourth quarter. Truist Financial Corp now owns 5,005 shares of the construction company's stock worth $1,533,000 after buying an additional 1,179 shares in the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Sterling Infrastructure

In other news, General Counsel Mark D. Wolf sold 2,500 shares of Sterling Infrastructure 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 sale, the general counsel directly owned 28,137 shares of the company's stock, valued at $24,985,656. The trade was a 8.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

STRL has been the subject of a number of analyst reports. Oppenheimer initiated coverage on shares of Sterling Infrastructure in a research report on Thursday, May 28th. They issued an "outperform" rating and a $950.00 price objective for the company. KeyCorp dropped their target price on Sterling Infrastructure from $922.00 to $754.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 5th. Cantor Fitzgerald cut their price target on Sterling Infrastructure from $956.00 to $742.00 and set an "overweight" rating for the company in a research note on Wednesday, August 5th. Weiss Ratings cut Sterling Infrastructure from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, July 28th. Finally, Wall Street Zen downgraded Sterling Infrastructure from a "strong-buy" rating to a "buy" rating in a research report on Sunday. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $657.00.

Sterling Infrastructure Stock Performance

NASDAQ:STRL opened at $554.76 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.11 and a current ratio of 1.11. The company has a fifty day moving average of $693.04 and a two-hundred day moving average of $595.56. The stock has a market capitalization of $16.97 billion, a PE ratio of 40.00, a P/E/G ratio of 2.01 and a beta of 1.88. Sterling Infrastructure, Inc. has a fifty-two week low of $263.45 and a fifty-two week high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last announced its earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.01 by $0.79. The business 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 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. As a group, research analysts forecast that Sterling Infrastructure, Inc. will post 19.11 earnings per share for the current fiscal year.

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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