Jefferies Financial Group Inc. Takes Position in Sterling Infrastructure, Inc. $STRL

Key Points

• Jefferies Financial Group initiated a position in Sterling Infrastructure during the second quarter, purchasing 5,256 shares worth approximately $4.4 million. Institutional investors collectively own 80.95% of STRL.
• Sterling Infrastructure reported strong quarterly results, 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. Despite the performance, the stock was trading at $470.52, down 7.1%.
• Analysts maintain a generally positive outlook, with seven Buy ratings and one Hold rating and an average price target of $690.33. However, company insider Mark D. Wolf recently sold 2,500 shares at an average price of $888.

Jefferies Financial Group Inc. purchased a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,256 shares of the construction company's stock, valued at approximately $4,412,000.

Other institutional investors also recently bought and sold shares of the company. Wellington Shields & Co. LLC bought a new position in Sterling Infrastructure during the second quarter valued at $29,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Sterling Infrastructure in the fourth quarter valued at $31,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Sterling Infrastructure by 33.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company's stock worth $33,000 after acquiring an additional 27 shares during the last quarter. Cedar Mountain Advisors LLC lifted its holdings in shares of Sterling Infrastructure by 8,000.0% in the 1st quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company's stock worth $33,000 after acquiring an additional 80 shares during the last quarter. Finally, Rakuten Securities Inc. boosted its stake in shares of Sterling Infrastructure by 6,950.0% during the 2nd quarter. Rakuten Securities Inc. now owns 141 shares of the construction company's stock worth $33,000 after purchasing an additional 139 shares during the period. 80.95% of the stock is currently owned by institutional investors.

Sterling Infrastructure Trading Down 7.1%

NASDAQ STRL opened at $470.52 on Friday. The stock has a market cap of $14.39 billion, a PE ratio of 33.92, a PEG ratio of 1.76 and a beta of 1.88. Sterling Infrastructure, Inc. has a 12 month low of $266.13 and a 12 month high of $1,005.68. The company's 50-day moving average price is $638.53 and its 200-day moving average price is $601.26. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.19.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 earnings per share 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 business's revenue 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. Equities research analysts forecast that Sterling Infrastructure, Inc. will post 19.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on STRL. Oppenheimer started coverage on shares of Sterling Infrastructure in a report on Thursday, May 28th. They set an "outperform" rating and a $950.00 price target on the stock. Cantor Fitzgerald dropped their target price on Sterling Infrastructure from $956.00 to $742.00 and set an "overweight" rating for the company in a research report on Wednesday, August 5th. Zacks Research cut Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 7th. DA Davidson assumed coverage on Sterling Infrastructure in a report on Friday, August 21st. They issued a "buy" rating and a $700.00 price target on the stock. Finally, KeyCorp decreased their price target on Sterling Infrastructure from $922.00 to $754.00 and set an "overweight" rating for the company in a research note on Wednesday, August 5th. Seven investment 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, Sterling Infrastructure presently has an average rating of "Moderate Buy" and an average price target of $690.33.

Insider Activity at Sterling Infrastructure

In other news, General Counsel Mark D. Wolf sold 2,500 shares of Sterling Infrastructure stock in a transaction that occurred 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 sale, the general counsel owned 28,137 shares of the company's stock, valued at approximately $24,985,656. The trade was a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.60% of the company's stock.

Sterling Infrastructure Company 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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