GW&K Investment Management LLC Decreases Stock Holdings in Sterling Infrastructure, Inc. $STRL

Key Points

• GW&K cut its stake in Sterling Infrastructure by 32.0% to 268,151 shares in Q3, while other institutions (State Street, Invesco, American Century) materially increased positions — institutional investors now own about 80.95% of the stock.
• Sterling reported a quarter-beating EPS of $3.08 (vs. $2.63 expected) and revenue of $755.6M, set FY2026 guidance of $13.45–$14.05 EPS, and approved a $400M share buyback (≈3.4% of shares).
• Analysts are broadly positive (four Buys, one Hold) with an average price target of $489.33, versus the stock trading around $420.22, implying analyst upside.

GW&K Investment Management LLC reduced its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 32.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 268,151 shares of the construction company's stock after selling 125,994 shares during the quarter. Sterling Infrastructure makes up about 0.8% of GW&K Investment Management LLC's holdings, making the stock its 20th largest position. GW&K Investment Management LLC owned about 0.87% of Sterling Infrastructure worth $91,086,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp increased its position in shares of Sterling Infrastructure by 62.0% during the 2nd quarter. State Street Corp now owns 1,131,751 shares of the construction company's stock valued at $261,129,000 after purchasing an additional 433,311 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Sterling Infrastructure by 82.7% in the 2nd quarter. Invesco Ltd. now owns 735,910 shares of the construction company's stock worth $169,797,000 after buying an additional 333,013 shares during the last quarter. American Century Companies Inc. grew its position in Sterling Infrastructure by 84.6% during the third quarter. American Century Companies Inc. now owns 654,096 shares of the construction company's stock valued at $222,184,000 after buying an additional 299,724 shares during the period. Frontier Capital Management Co. LLC purchased a new stake in Sterling Infrastructure during the second quarter worth about $35,931,000. Finally, Aperture Investors LLC purchased a new stake in Sterling Infrastructure during the second quarter worth about $23,945,000. Hedge funds and other institutional investors own 80.95% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on STRL shares. Stifel Nicolaus set a $486.00 target price on shares of Sterling Infrastructure and gave the company a "buy" rating in a research note on Wednesday, February 11th. Zacks Research cut shares of Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a report on Monday, January 5th. DA Davidson increased their price objective on Sterling Infrastructure from $460.00 to $500.00 and gave the company a "buy" rating in a report on Friday, February 27th. Cantor Fitzgerald raised their target price on Sterling Infrastructure from $413.00 to $482.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, Weiss Ratings upgraded Sterling Infrastructure from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, January 26th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Sterling Infrastructure presently has an average rating of "Moderate Buy" and an average price target of $489.33.

Sterling Infrastructure Stock Up 1.1%

STRL opened at $420.22 on Thursday. Sterling Infrastructure, Inc. has a 12 month low of $96.34 and a 12 month high of $477.03. The company has a market cap of $12.88 billion, a PE ratio of 44.85, a price-to-earnings-growth ratio of 2.37 and a beta of 1.48. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.25. The company has a 50 day moving average of $372.40 and a 200 day moving average of $347.02.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last issued its earnings results on Wednesday, February 25th. The construction company reported $3.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.63 by $0.45. Sterling Infrastructure had a net margin of 11.65% and a return on equity of 32.82%. The business had revenue of $755.61 million for the quarter, compared to analysts' expectations of $639.41 million. Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. On average, sell-side analysts expect that Sterling Infrastructure, Inc. will post 5.98 EPS for the current year.

Sterling Infrastructure declared that its board has approved a share repurchase plan on Wednesday, November 12th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the construction company to repurchase up to 3.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other Sterling Infrastructure news, Director Dwayne Andree Wilson sold 2,860 shares of Sterling Infrastructure stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $350.00, for a total transaction of $1,001,000.00. Following the completion of the transaction, the director owned 14,749 shares of the company's stock, valued at $5,162,150. The trade was a 16.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dana C. O'brien sold 2,000 shares of the stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $410.00, for a total transaction of $820,000.00. Following the completion of the sale, the director directly owned 11,498 shares in the company, valued at approximately $4,714,180. The trade was a 14.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 6,860 shares of company stock worth $2,611,000. 3.70% of the stock is currently owned by corporate insiders.

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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