Rice Hall James & Associates LLC Takes Position in Sterling Infrastructure, Inc. $STRL

Key Points

• Rice Hall James & Associates acquired 3,580 shares of Sterling Infrastructure in the second quarter, valued at approximately $3.0 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. The company issued fiscal 2026 guidance of $19.70–$20.30 in EPS.
• The stock opened at $554.76 after falling 8.1%, while analyst sentiment remains favorable with a “Moderate Buy” consensus and an average price target of $657; however, several firms recently downgraded ratings or reduced price targets.

Rice Hall James & Associates LLC acquired a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,580 shares of the construction company's stock, valued at approximately $3,005,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Kemnay Advisory Services Inc. purchased a new stake in Sterling Infrastructure in the fourth quarter valued at about $31,000. EverSource Wealth Advisors LLC grew its stake in shares of 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 acquiring an additional 27 shares during the last quarter. Cedar Mountain Advisors LLC grew its stake in shares of 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 acquiring an additional 80 shares during the last quarter. Rakuten Securities Inc. increased its holdings 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 in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of Sterling Infrastructure by 316.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 104 shares of the construction company's stock valued at $35,000 after acquiring an additional 79 shares in the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Sterling Infrastructure

In other news, General Counsel Mark D. Wolf sold 2,500 shares of the company'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 sale, the general counsel directly owned 28,137 shares of the company's stock, valued at $24,985,656. This represents a 8.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is owned by company insiders.

Sterling Infrastructure Trading Down 8.1%

Sterling Infrastructure stock opened at $554.76 on Wednesday. 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, Inc. has a 52 week low of $263.45 and a 52 week high of $1,005.68. The company has a market capitalization of $16.97 billion, a price-to-earnings ratio of 40.00, a price-to-earnings-growth ratio of 2.01 and a beta of 1.88. The stock has a 50-day moving average price of $693.04 and a 200 day moving average price of $595.56.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last issued its earnings results on Monday, August 3rd. The construction company reported $5.80 EPS for the quarter, beating analysts' consensus estimates of $5.01 by $0.79. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $969.22 million. The company's quarterly 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. Sell-side analysts anticipate that Sterling Infrastructure, Inc. will post 19.11 EPS for the current year.

Wall Street Analyst Weigh In

STRL has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of Sterling Infrastructure from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Oppenheimer began coverage on shares of Sterling Infrastructure in a research note on Thursday, May 28th. They set an "outperform" rating and a $950.00 price target on the stock. Zacks Research cut shares of Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a report on Friday, August 7th. KeyCorp lowered their price objective on shares of Sterling Infrastructure from $922.00 to $754.00 and set an "overweight" rating for the company in a research note on Wednesday, August 5th. Finally, Weiss Ratings lowered shares of Sterling Infrastructure from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, July 28th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Sterling Infrastructure has a consensus rating of "Moderate Buy" and a consensus price target of $657.00.

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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