Engineers Gate Manager LP Invests $10.80 Million in Sterling Infrastructure, Inc. $STRL

Key Points

• Engineers Gate Manager LP purchased 12,872 shares of Sterling Infrastructure worth approximately $10.8 million in the second quarter. Institutional investors collectively own 80.95% of the company.
• Sterling reported a strong latest 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 set fiscal 2026 guidance at $19.70–$20.30 in EPS.
• Analyst sentiment remains positive but mixed, with six Buy ratings and two Holds, producing a “Moderate Buy” consensus and a $690.33 price target. The stock opened at $484.86, well below its 52-week high of $1,005.68.

Engineers Gate Manager LP purchased a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 12,872 shares of the construction company's stock, valued at approximately $10,804,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Shields & Co. LLC acquired a new stake in Sterling Infrastructure in the second quarter valued at $29,000. Persistent Asset Partners Ltd purchased a new stake in shares of Sterling Infrastructure during the 2nd quarter worth $40,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Sterling Infrastructure by 100.0% during 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. TD Waterhouse Canada Inc. grew its stake in shares of Sterling Infrastructure by 35.7% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 76 shares of the construction company's stock worth $59,000 after purchasing an additional 20 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Sterling Infrastructure by 43.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 79 shares of the construction company's stock valued at $66,000 after purchasing an additional 24 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

Insider Activity at Sterling Infrastructure

In other news, General Counsel Mark Wolf sold 2,500 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were 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 in the company, valued at $24,985,656. This represents a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by corporate insiders.

Sterling Infrastructure Price Performance

Sterling Infrastructure stock opened at $484.86 on Friday. The firm has a market capitalization of $14.83 billion, a PE ratio of 34.96, a P/E/G ratio of 1.72 and a beta of 1.85. Sterling Infrastructure, Inc. has a 52 week low of $281.58 and a 52 week high of $1,005.68. The firm's 50-day simple moving average is $574.33 and its 200 day simple moving average is $605.79. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.19.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last posted its earnings results 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 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%. Sterling Infrastructure'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, equities research analysts predict that Sterling Infrastructure, Inc. will post 19.14 EPS for the current fiscal year.

Analysts Set New Price Targets

STRL has been the topic of a number of research analyst reports. Zacks Research downgraded shares of Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a report on Friday, August 7th. DA Davidson assumed coverage on shares of Sterling Infrastructure in a report on Friday, August 21st. They issued a "buy" rating and a $700.00 target price for the company. Weiss Ratings downgraded shares of Sterling Infrastructure from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday. Oppenheimer began coverage on Sterling Infrastructure in a research note on Thursday, May 28th. They set an "outperform" rating and a $950.00 price target on the stock. Finally, Wall Street Zen cut Sterling Infrastructure from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 5th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $690.33.

Sterling Infrastructure Company Profile

Sterling Infrastructure, Inc provides infrastructure, engineering and construction services across the United States. The company serves public and private-sector customers through three primary business segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions.

Its E-Infrastructure Solutions segment develops and builds large-scale infrastructure for data centers, advanced manufacturing facilities, energy and communications projects, and other complex industrial sites.

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