Harbour Investments Inc. Sells 4,579 Shares of Sterling Infrastructure, Inc. $STRL

Key Points

• Harbour Investments Inc. cut its Sterling Infrastructure stake by 31.6% in the fourth quarter, selling 4,579 shares and leaving it with 9,897 shares valued at about $3.03 million.
• Institutional ownership remains strong, with several firms adding to positions and 80.95% of the stock owned by institutions.
• Analysts remain largely bullish after Sterling’s strong quarterly results, with six Buy ratings, one Hold, and an average price target of $668.20 despite the stock trading around $782.12.

Harbour Investments Inc. trimmed its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 31.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,897 shares of the construction company's stock after selling 4,579 shares during the quarter. Harbour Investments Inc.'s holdings in Sterling Infrastructure were worth $3,031,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Empowered Funds LLC bought a new stake in Sterling Infrastructure during the 1st quarter worth about $378,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Sterling Infrastructure by 12.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 83,983 shares of the construction company's stock worth $9,508,000 after purchasing an additional 9,625 shares during the last quarter. Focus Partners Wealth raised its holdings in Sterling Infrastructure by 13.7% during the 1st quarter. Focus Partners Wealth now owns 2,313 shares of the construction company's stock worth $262,000 after purchasing an additional 279 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Sterling Infrastructure during the 2nd quarter worth about $5,929,000. Finally, Cerity Partners LLC raised its holdings in Sterling Infrastructure by 195.7% during the 2nd quarter. Cerity Partners LLC now owns 19,522 shares of the construction company's stock worth $4,504,000 after purchasing an additional 12,921 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

STRL has been the subject of a number of recent analyst reports. Stifel Nicolaus set a $486.00 price target on Sterling Infrastructure and gave the company a "buy" rating in a research note on Wednesday, February 11th. Cantor Fitzgerald upped their price target on Sterling Infrastructure from $482.00 to $956.00 and gave the company an "overweight" rating in a research note on Monday, May 11th. KeyCorp boosted their price objective on Sterling Infrastructure from $572.00 to $889.00 and gave the company an "overweight" rating in a research report on Wednesday, May 6th. DA Davidson boosted their price objective on Sterling Infrastructure from $460.00 to $500.00 and gave the company a "buy" rating in a research report on Friday, February 27th. Finally, Weiss Ratings lowered Sterling Infrastructure from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, May 14th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $668.20.

Sterling Infrastructure Trading Down 0.2%

NASDAQ:STRL opened at $782.12 on Thursday. Sterling Infrastructure, Inc. has a twelve month low of $183.40 and a twelve month high of $893.13. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The business has a 50 day moving average price of $566.26 and a two-hundred day moving average price of $432.75. The company has a market cap of $24.00 billion, a P/E ratio of 69.96, a price-to-earnings-growth ratio of 2.90 and a beta of 1.64.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last released its quarterly earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share for the quarter, topping analysts' consensus estimates of $2.29 by $1.30. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.The firm had revenue of $825.68 million during the quarter, compared to the consensus estimate of $603.58 million. During the same quarter in the prior year, the firm posted $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, analysts expect that Sterling Infrastructure, Inc. will post 18.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Joseph A. Cutillo sold 50,000 shares of the stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $497.57, for a total value of $24,878,500.00. Following the completion of the sale, the chief executive officer owned 290,593 shares of the company's stock, valued at approximately $144,590,359.01. This represents a 14.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is currently owned by company insiders.

Sterling Infrastructure 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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