Geneva Partners LLC Sells 13,765 Shares of Sterling Infrastructure, Inc. $STRL

Key Points

• Geneva Partners LLC cut its Sterling Infrastructure stake by 68.8% in the third quarter, selling 13,765 shares and retaining 6,230 shares valued at approximately $3.06 million.
• Institutional ownership remains high at 80.95%, with State Street significantly increasing its position and BlackRock establishing a new stake during recent quarters.
• Analysts maintain a generally positive outlook, with six Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $733.17. Sterling also recently exceeded quarterly earnings and revenue expectations, reporting $5.80 EPS and $1.17 billion in revenue.

Geneva Partners LLC reduced its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 68.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,230 shares of the construction company's stock after selling 13,765 shares during the quarter. Geneva Partners LLC's holdings in Sterling Infrastructure were worth $3,064,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. State Street Corp raised its position in Sterling Infrastructure by 290.7% during the second quarter. State Street Corp now owns 4,253,073 shares of the construction company's stock valued at $3,569,859,000 after purchasing an additional 3,164,551 shares during the period. BlackRock Inc. bought a new stake in shares of Sterling Infrastructure in the 2nd quarter valued at approximately $2,713,946,000. First Trust Advisors LP boosted its holdings in shares of Sterling Infrastructure by 27.3% in the 1st quarter. First Trust Advisors LP now owns 877,990 shares of the construction company's stock worth $357,579,000 after purchasing an additional 188,048 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Sterling Infrastructure by 7.5% in the 1st quarter. Janus Henderson Group PLC now owns 619,145 shares of the construction company's stock worth $252,207,000 after purchasing an additional 43,259 shares during the period. Finally, Jupiter Topco LLC purchased a new position in shares of Sterling Infrastructure in the 2nd quarter worth approximately $395,056,000. 80.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Cantor Fitzgerald restated an "overweight" rating and set a $742.00 price target on shares of Sterling Infrastructure in a report on Wednesday, October 14th. DA Davidson started coverage on shares of Sterling Infrastructure in a research note on Friday, August 21st. They issued a "buy" rating and a $700.00 target price on the stock. Zacks Research lowered shares of Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a report on Friday, August 7th. Stifel Nicolaus dropped their price target on shares of Sterling Infrastructure from $804.00 to $742.00 and set a "buy" rating for the company in a research note on Thursday, October 8th. Finally, Weiss Ratings downgraded shares of Sterling Infrastructure from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, September 9th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $733.17.

Sterling Infrastructure Trading Up 1.5%

Shares of NASDAQ STRL opened at $360.72 on Tuesday. 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 business's 50 day moving average price is $487.29 and its 200-day moving average price is $548.57. Sterling Infrastructure, Inc. has a fifty-two week low of $281.58 and a fifty-two week high of $1,005.68. The company has a market cap of $11.03 billion, a price-to-earnings ratio of 26.01, a PEG ratio of 1.24 and a beta of 1.86.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 earnings per share (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 analysts' expectations of $969.22 million. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%. The company's revenue 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, sell-side analysts expect that Sterling Infrastructure, Inc. will post 19.10 earnings per share for the current year.

About Sterling Infrastructure

Sterling Infrastructure, Inc is a U.S.-based infrastructure services company that provides construction and specialty contracting solutions through three principal business segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions.

Its E-Infrastructure Solutions segment supports the development of data centers, advanced manufacturing facilities, energy and power infrastructure, and other large-scale industrial projects. Transportation Solutions provides construction and rehabilitation services for highways, roads, bridges, airports, rail and transit systems, and related public infrastructure.

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