Riggs Asset Managment Co. Inc. Reduces Stock Position in Sterling Infrastructure, Inc. $STRL

Key Points

• Riggs Asset Management cut its stake in Sterling Infrastructure by 38.9% in Q4 to 20,684 shares, representing about 1.3% of Riggs's portfolio and roughly $6.33 million of Sterling stock (≈0.07% ownership of the company).
• CEO Joseph A. Cutillo sold 50,000 shares on March 25 for about $22.7 million; insiders have sold a total of 54,000 shares (~$24.3 million) in the last 90 days and currently own 1.60% of the company.
• Sterling has upbeat analyst sentiment and results — a consensus Buy rating with a $510 target, a quarterly EPS beat ($3.08 vs. $2.63), and FY2026 guidance of 13.45–14.05 EPS (analysts expect ~12.95).

Riggs Asset Managment Co. Inc. lowered its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 38.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,684 shares of the construction company's stock after selling 13,145 shares during the quarter. Sterling Infrastructure makes up about 1.3% of Riggs Asset Managment Co. Inc.'s investment portfolio, making the stock its 27th largest holding. Riggs Asset Managment Co. Inc. owned approximately 0.07% of Sterling Infrastructure worth $6,334,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Root Financial Partners LLC acquired a new position in Sterling Infrastructure during the 3rd quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Sterling Infrastructure in the 3rd quarter worth about $28,000. Fifth Third Bancorp raised its stake in shares of Sterling Infrastructure by 76.1% in the 3rd quarter. Fifth Third Bancorp now owns 81 shares of the construction company's stock valued at $28,000 after purchasing an additional 35 shares in the last quarter. Bogart Wealth LLC raised its stake in shares of Sterling Infrastructure by 535.7% in the 3rd quarter. Bogart Wealth LLC now owns 89 shares of the construction company's stock valued at $30,000 after purchasing an additional 75 shares in the last quarter. Finally, Optiver Holding B.V. lifted its position in shares of Sterling Infrastructure by 108.2% during the third quarter. Optiver Holding B.V. now owns 102 shares of the construction company's stock worth $35,000 after purchasing an additional 53 shares during the last quarter. Institutional investors own 80.95% of the company's stock.

Insider Activity at Sterling Infrastructure

In other news, CEO Joseph A. Cutillo sold 50,000 shares of the company's stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $453.48, for a total transaction of $22,674,000.00. Following the completion of the transaction, the chief executive officer directly owned 340,593 shares of the company's stock, valued at approximately $154,452,113.64. This represents a 12.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dana C. O'brien sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $410.00, for a total value of $820,000.00. Following the completion of the sale, the director directly owned 11,498 shares in the company, valued at approximately $4,714,180. This trade represents a 14.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 54,000 shares of company stock valued at $24,284,000 over the last ninety days. Corporate insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

STRL has been the subject of a number of research reports. Weiss Ratings upgraded Sterling Infrastructure from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, January 26th. Zacks Research upgraded Sterling Infrastructure from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 4th. KeyCorp began coverage on Sterling Infrastructure in a report on Thursday. They set an "overweight" rating and a $572.00 target price on the stock. DA Davidson lifted their target price on Sterling Infrastructure from $460.00 to $500.00 and gave the stock a "buy" rating in a research report on Friday, February 27th. Finally, Cantor Fitzgerald boosted their price target on Sterling Infrastructure from $413.00 to $482.00 and gave the company an "overweight" rating in a report on Monday, March 2nd. Two equities research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $510.00.

Sterling Infrastructure Trading Up 1.6%

Sterling Infrastructure stock opened at $495.67 on Friday. Sterling Infrastructure, Inc. has a 1 year low of $139.20 and a 1 year high of $504.05. The firm's 50-day moving average is $429.45 and its 200-day moving average is $376.14. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $15.21 billion, a P/E ratio of 52.90, a PEG ratio of 2.51 and a beta of 1.51.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The construction company reported $3.08 earnings per share for the quarter, beating analysts' consensus estimates of $2.63 by $0.45. Sterling Infrastructure had a net margin of 11.65% and a return on equity of 32.82%. The business had revenue of $755.61 million during the quarter, compared to the consensus estimate of $639.41 million. Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. On average, equities analysts expect that Sterling Infrastructure, Inc. will post 12.95 earnings per share for the current year.

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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