Jupiter Topco LLC Makes New $395.06 Million Investment in Sterling Infrastructure, Inc. $STRL

Key Points

• Jupiter Topco LLC acquired 470,643 shares of Sterling Infrastructure worth approximately $395.1 million, giving it a 1.54% stake. Institutional investors collectively own 80.95% of the company.
• Sterling reported strong quarterly results, with revenue up 90.4% year over year to $1.17 billion and EPS of $5.80, beating analysts’ $5.01 estimate. The company issued fiscal 2026 EPS guidance of $19.70–$20.30.
• Analysts maintain a generally positive outlook, with seven Buy ratings and one Hold rating and a consensus price target of $690.33, although some firms recently lowered ratings or targets. Shares opened at $486.39, down 2.1%.

Jupiter Topco LLC bought a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 470,643 shares of the construction company's stock, valued at approximately $395,056,000. Jupiter Topco LLC owned 1.54% of Sterling Infrastructure as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Wellington Shields & Co. LLC acquired a new stake in shares of Sterling Infrastructure during the 2nd quarter worth about $29,000. Kemnay Advisory Services Inc. acquired a new position in Sterling Infrastructure in the fourth quarter valued at about $31,000. EverSource Wealth Advisors LLC boosted its stake in Sterling Infrastructure by 33.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company's stock worth $33,000 after buying an additional 27 shares during the period. Cedar Mountain Advisors LLC boosted its stake in Sterling Infrastructure by 8,000.0% during the first quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company's stock worth $33,000 after buying an additional 80 shares during the period. Finally, Rakuten Securities Inc. increased its position in shares of Sterling Infrastructure by 6,950.0% during the second quarter. Rakuten Securities Inc. now owns 141 shares of the construction company's stock valued at $33,000 after acquiring an additional 139 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

Sterling Infrastructure Stock Down 2.1%

Shares of NASDAQ:STRL opened at $486.39 on Wednesday. The firm has a market capitalization of $14.88 billion, a PE ratio of 35.07, a price-to-earnings-growth ratio of 1.73 and a beta of 1.88. Sterling Infrastructure, Inc. has a 1 year low of $266.13 and a 1 year high of $1,005.68. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.11 and a quick ratio of 1.11. The firm's 50-day moving average is $660.29 and its two-hundred day moving average is $600.51.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 EPS for the quarter, beating the consensus estimate of $5.01 by $0.79. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $969.22 million. 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. Analysts predict that Sterling Infrastructure, Inc. will post 19.14 EPS for the current year.

Analysts Set New Price Targets

STRL has been the topic of several recent analyst reports. Weiss Ratings lowered shares of Sterling Infrastructure from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, July 28th. KeyCorp dropped their target price on shares of Sterling Infrastructure from $922.00 to $754.00 and set an "overweight" rating for the company in a report on Wednesday, August 5th. DA Davidson started coverage on Sterling Infrastructure in a research report on Friday, August 21st. They issued a "buy" rating and a $700.00 target price on the stock. Zacks Research cut Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 7th. Finally, Wall Street Zen upgraded Sterling Infrastructure from a "buy" rating to a "strong-buy" rating in a research report on Monday. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $690.33.

Insider Buying and Selling

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 2,500 shares of the firm's stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $888.00, for a total value of $2,220,000.00. Following the completion of the transaction, the general counsel owned 28,137 shares of the company's stock, valued at $24,985,656. This trade represents a 8.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.60% of the stock is owned by corporate insiders.

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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