Moore Capital Management LP Acquires New Holdings in Sterling Infrastructure, Inc. $STRL

Key Points

• Moore Capital Management acquired 7,815 shares of Sterling Infrastructure during the second quarter, worth approximately $6.56 million. Institutional investors collectively own 80.95% of the company.
• Sterling Infrastructure reported strong quarterly results, with EPS of $5.80 beating estimates of $5.01 and revenue rising 90.4% year over year to $1.17 billion.
• Analyst sentiment remains positive overall, with seven Buy ratings and one Hold rating producing a consensus “Moderate Buy” rating and a $690.33 price target, despite some recent target and rating reductions.

Moore Capital Management LP bought a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 7,815 shares of the construction company's stock, valued at approximately $6,560,000.

Several other institutional investors have also recently made changes to their positions in STRL. Wellington Shields & Co. LLC purchased a new stake in shares of Sterling Infrastructure in the 2nd quarter valued at about $29,000. Kemnay Advisory Services Inc. purchased a new position in shares of Sterling Infrastructure during the fourth quarter worth about $31,000. EverSource Wealth Advisors LLC increased its position in shares of Sterling Infrastructure by 33.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company's stock worth $33,000 after purchasing an additional 27 shares during the last quarter. Cedar Mountain Advisors LLC increased its position in shares of Sterling Infrastructure by 8,000.0% in the first quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company's stock worth $33,000 after purchasing an additional 80 shares during the last quarter. Finally, Rakuten Securities Inc. raised its stake in Sterling Infrastructure by 6,950.0% in the second quarter. Rakuten Securities Inc. now owns 141 shares of the construction company's stock valued at $33,000 after purchasing an additional 139 shares in the last quarter. Institutional investors own 80.95% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on STRL shares. KeyCorp lowered their price target on Sterling Infrastructure from $922.00 to $754.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 5th. Wall Street Zen raised Sterling Infrastructure from a "buy" rating to a "strong-buy" rating in a report on Monday, August 24th. Oppenheimer began coverage on Sterling Infrastructure in a research report on Thursday, May 28th. They issued an "outperform" rating and a $950.00 target price for the company. Zacks Research cut shares of Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 7th. Finally, Weiss Ratings downgraded shares of Sterling Infrastructure from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, July 28th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Sterling Infrastructure has an average rating of "Moderate Buy" and a consensus price target of $690.33.

Sterling Infrastructure Stock Performance

NASDAQ:STRL opened at $470.52 on Monday. The stock has a market cap of $14.39 billion, a P/E ratio of 33.92, a price-to-earnings-growth ratio of 1.64 and a beta of 1.88. The firm's fifty day simple moving average is $638.53 and its 200 day simple moving average is $602.55. Sterling Infrastructure, Inc. has a twelve month low of $266.13 and a twelve month high of $1,005.68. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.19.

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

Insider Buying and Selling at Sterling Infrastructure

In related news, General Counsel Mark D. Wolf sold 2,500 shares of the stock in a transaction dated 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 directly owned 28,137 shares in the company, valued at $24,985,656. This trade represents a 8.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is 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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