E. Ohman J or Asset Management AB Sells 3,359 Shares of Sterling Infrastructure, Inc. $STRL

Key Points

• E. Ohman J or Asset Management AB reduced its Sterling Infrastructure stake by 34.6%, selling 3,359 shares and retaining 6,347 shares valued at approximately $5.33 million. Institutional investors and hedge funds collectively own 80.95% of the company.
• Sterling Infrastructure reported a strong quarter, 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 to $20.30.
• The stock opened at $528.51, down 3.4%, while analysts maintained an overall “Buy” consensus with an average price target of $657.00.

E. Ohman J or Asset Management AB cut its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 34.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,347 shares of the construction company's stock after selling 3,359 shares during the quarter. E. Ohman J or Asset Management AB's holdings in Sterling Infrastructure were worth $5,327,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC acquired a new stake in shares of Sterling Infrastructure during the 1st quarter worth about $378,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Sterling Infrastructure by 12.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 83,983 shares of the construction company's stock valued at $9,508,000 after buying an additional 9,625 shares in the last quarter. Focus Partners Wealth grew its stake in Sterling Infrastructure by 13.7% during the first quarter. Focus Partners Wealth now owns 2,313 shares of the construction company's stock worth $262,000 after buying an additional 279 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Sterling Infrastructure during the second quarter worth about $5,929,000. Finally, Cerity Partners LLC increased its holdings in shares of Sterling Infrastructure by 195.7% during the second quarter. Cerity Partners LLC now owns 19,522 shares of the construction company's stock worth $4,504,000 after buying an additional 12,921 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

Insider Buying and Selling

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 2,500 shares of the business's stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the completion of the sale, the general counsel directly owned 28,137 shares of the company's stock, valued at approximately $24,985,656. The trade was 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 currently owned by insiders.

Sterling Infrastructure Stock Down 3.4%

NASDAQ:STRL opened at $528.51 on Tuesday. The company has a market cap of $16.17 billion, a price-to-earnings ratio of 38.10, a P/E/G ratio of 1.91 and a beta of 1.88. 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 stock's fifty day moving average price is $734.49 and its two-hundred day moving average price is $587.22. Sterling Infrastructure, Inc. has a 52-week low of $263.45 and a 52-week high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last released its earnings results on Monday, August 3rd. The construction company reported $5.80 EPS for the quarter, beating the consensus estimate of $5.01 by $0.79. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $969.22 million. The firm's revenue for the quarter 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. On average, analysts anticipate that Sterling Infrastructure, Inc. will post 19.13 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on STRL shares. Weiss Ratings cut shares of Sterling Infrastructure from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, July 28th. Argus started coverage on Sterling Infrastructure in a report on Thursday, April 16th. They set a "buy" rating and a $510.00 price target for the company. Wall Street Zen upgraded Sterling Infrastructure from a "buy" rating to a "strong-buy" rating in a research report on Saturday. KeyCorp reduced their price objective on Sterling Infrastructure from $922.00 to $754.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 5th. Finally, Oppenheimer initiated coverage on Sterling Infrastructure in a report on Thursday, May 28th. They set an "outperform" rating and a $950.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to data from MarketBeat, Sterling Infrastructure has an average rating of "Buy" and a consensus target price of $657.00.

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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