Ranger Investment Management L.P. Takes $23.38 Million Position in Sterling Infrastructure, Inc. $STRL

Key Points

• Ranger Investment Management acquired 682,262 shares of Sterling Infrastructure worth approximately $23.38 million, giving it a 2.23% stake and making STRL a top-24 portfolio holding.
• Institutional ownership remains high at 80.95%, with BlackRock, State Street, Invesco, First Trust Advisors and Janus Henderson among other major investors increasing or establishing positions.
• Sterling Infrastructure exceeded quarterly expectations, reporting $5.80 in EPS and $1.17 billion in revenue, up 90.4% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $690.33.

Ranger Investment Management L.P. purchased a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 682,262 shares of the construction company's stock, valued at approximately $23,381,000. Sterling Infrastructure comprises approximately 1.5% of Ranger Investment Management L.P.'s investment portfolio, making the stock its 24th biggest holding. Ranger Investment Management L.P. owned approximately 2.23% of Sterling Infrastructure as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Sterling Infrastructure during the 2nd quarter worth approximately $2,713,946,000. State Street Corp raised its stake in shares of Sterling Infrastructure by 62.0% during the 2nd quarter. State Street Corp now owns 1,131,751 shares of the construction company's stock valued at $261,129,000 after purchasing an additional 433,311 shares during the period. Invesco Ltd. increased its position in shares of Sterling Infrastructure by 29.8% during the third quarter. Invesco Ltd. now owns 955,387 shares of the construction company's stock valued at $324,526,000 after buying an additional 219,477 shares during the period. First Trust Advisors LP lifted its holdings in shares of Sterling Infrastructure by 27.3% in the first quarter. First Trust Advisors LP now owns 877,990 shares of the construction company's stock worth $357,579,000 after buying an additional 188,048 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Sterling Infrastructure by 7.5% in the first quarter. Janus Henderson Group PLC now owns 619,145 shares of the construction company's stock worth $252,207,000 after buying an additional 43,259 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company's stock.

Insiders Place Their Bets

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 2,500 shares of the business's stock in a transaction 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 sale, the general counsel directly owned 28,137 shares of the company's stock, valued at $24,985,656. The trade was a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.60% of the stock is owned by corporate insiders.

Sterling Infrastructure Stock Performance

STRL stock opened at $516.81 on Monday. The company has a market capitalization of $15.81 billion, a PE ratio of 37.26, a price-to-earnings-growth ratio of 1.80 and a beta of 1.88. Sterling Infrastructure, Inc. has a one year low of $266.13 and a one year high of $1,005.68. The company's 50 day moving average price is $675.12 and its two-hundred day moving average price is $598.85. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.11 and a current ratio of 1.11.

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, 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 firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $969.22 million. The firm'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, analysts predict that Sterling Infrastructure, Inc. will post 19.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. DA Davidson initiated coverage on Sterling Infrastructure in a report on Friday. They set a "buy" rating and a $700.00 price objective for the company. KeyCorp lowered their target price on shares of Sterling Infrastructure from $922.00 to $754.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 5th. Cantor Fitzgerald dropped their target price on shares of 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 shares of Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 7th. Finally, Wall Street Zen raised shares of Sterling Infrastructure from a "buy" rating to a "strong-buy" rating in a report on Monday. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $690.33.

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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