Lisanti Capital Growth LLC Sells 15,251 Shares of Sterling Infrastructure, Inc. $STRL

Key Points

• Lisanti Capital Growth cut its Sterling Infrastructure stake by 86% in the second quarter, selling 15,251 shares and retaining 2,490 shares valued at approximately $2.09 million.
• Institutional ownership remains high at 80.95%, with several investors—including Arrowstreet Capital and Cerity Partners—initiating or increasing positions during the quarter.
• Sterling reported strong quarterly results, with EPS of $5.80 versus the $5.01 estimate and revenue up 90.4% year over year to $1.17 billion. Despite analysts maintaining a “Moderate Buy” consensus, recent price targets were reduced and the stock opened at $534.40, down 3.7%.

Lisanti Capital Growth LLC decreased its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 86.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,490 shares of the construction company's stock after selling 15,251 shares during the period. Lisanti Capital Growth LLC's holdings in Sterling Infrastructure were worth $2,090,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In related news, General Counsel Mark D. Wolf sold 2,500 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $24,985,656. This trade represents a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Oppenheimer started coverage on Sterling Infrastructure in a research note on Thursday, May 28th. They issued an "outperform" rating and a $950.00 price objective for the company. Cantor Fitzgerald decreased their price target on Sterling Infrastructure from $956.00 to $742.00 and set an "overweight" rating for the company in a report on Wednesday, August 5th. Wall Street Zen downgraded Sterling Infrastructure from a "strong-buy" rating to a "buy" rating in a report on Sunday. Weiss Ratings cut Sterling Infrastructure from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, July 28th. Finally, KeyCorp dropped their price objective on Sterling Infrastructure from $922.00 to $754.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 5th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $657.00.

Sterling Infrastructure Stock Down 3.7%

STRL stock opened at $534.40 on Thursday. The stock's fifty day simple moving average is $688.32 and its two-hundred day simple moving average is $596.66. 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, Inc. has a 1-year low of $263.45 and a 1-year high of $1,005.68. The stock has a market cap of $16.35 billion, a P/E ratio of 38.53, a P/E/G ratio of 1.94 and a beta of 1.88.

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 (EPS) for the quarter, beating analysts' consensus estimates of $5.01 by $0.79. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate 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 for the quarter 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. Analysts expect that Sterling Infrastructure, Inc. will post 19.11 EPS for the current year.

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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