Equitable Holdings Inc. Purchases New Shares in Sterling Infrastructure, Inc. $STRL

Key Points

• Equitable Holdings purchased 5,971 shares of Sterling Infrastructure worth approximately $5.0 million during the second quarter. Institutional investors collectively own 80.95% of STRL.
• Sterling Infrastructure reported strong quarterly results, with EPS of $5.80 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.
• Analyst sentiment remains favorable but has moderated: STRL has a “Moderate Buy” consensus rating and a $690.33 average price target, while Cantor Fitzgerald recently reduced its target to $742.00. General Counsel Mark D. Wolf also sold 2,500 shares at an average price of $888.

Equitable Holdings Inc. purchased a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,971 shares of the construction company's stock, valued at approximately $5,012,000.

Several other hedge funds have also recently modified their holdings of the company. Engle Capital Management L.P. increased its position 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 valued at $10,793,000 after purchasing an additional 16,167 shares during the last quarter. Devon Energy Corp DE bought a new position in Sterling Infrastructure during the second quarter valued at about $548,390,288,000. Northwestern Mutual Investment Management Company LLC purchased a new stake in Sterling Infrastructure during the fourth quarter worth about $2,105,000. Private Advisor Group LLC raised its position in Sterling Infrastructure by 28.2% in the first quarter. Private Advisor Group LLC now owns 7,099 shares of the construction company's stock worth $2,891,000 after acquiring an additional 1,561 shares during the period. Finally, Deutsche Bank AG purchased a new position in Sterling Infrastructure in the second quarter valued at about $18,337,000. Institutional investors own 80.95% of the company's stock.

Insider Buying and Selling

In other news, General Counsel Mark D. Wolf sold 2,500 shares of the business's stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the completion of the transaction, the general counsel directly owned 28,137 shares in the company, valued at $24,985,656. The trade was a 8.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is currently owned by insiders.

Sterling Infrastructure Stock Up 1.8%

STRL stock opened at $506.37 on Friday. The stock has a 50-day simple moving average of $646.36 and a two-hundred day simple moving average of $602.19. Sterling Infrastructure, Inc. has a twelve month low of $266.13 and a twelve month high of $1,005.68. The firm has a market capitalization of $15.49 billion, a PE ratio of 36.51, a PEG ratio of 1.73 and a beta of 1.88. 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 released its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 EPS for the quarter, beating analysts' consensus estimates of $5.01 by $0.79. The company had revenue of $1.17 billion during 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 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, equities analysts predict that Sterling Infrastructure, Inc. will post 19.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on STRL. Zacks Research lowered shares of Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 7th. Weiss Ratings lowered Sterling Infrastructure from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, July 28th. 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. Wall Street Zen raised Sterling Infrastructure from a "buy" rating to a "strong-buy" rating in a report on Monday. Finally, Oppenheimer assumed coverage on shares of Sterling Infrastructure in a research note on Thursday, May 28th. They issued an "outperform" rating and a $950.00 target price for the company. Seven 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 presently has an average rating of "Moderate Buy" and a consensus price target of $690.33.

About Sterling Infrastructure

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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