Royce & Associates LP Sells 87,126 Shares of Sterling Infrastructure, Inc. $STRL

Key Points

• Royce & Associates LP cut its stake in Sterling Infrastructure by 72.9% in the fourth quarter, selling 87,126 shares and leaving it with 32,320 shares worth about $9.9 million.
• Insider selling also stood out: CEO Joseph A. Cutillo sold 50,000 shares in late April for about $24.9 million, reducing his ownership by 14.68% under a pre-arranged trading plan.
• Sterling Infrastructure reported strong quarterly results, with EPS of $3.59 beating estimates and revenue of $825.68 million topping expectations; analysts currently rate the stock a Moderate Buy with an average price target of $668.20.

Royce & Associates LP trimmed its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 72.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,320 shares of the construction company's stock after selling 87,126 shares during the period. Royce & Associates LP owned about 0.11% of Sterling Infrastructure worth $9,897,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Root Financial Partners LLC bought a new position in shares of Sterling Infrastructure in the third quarter valued at $26,000. Fifth Third Bancorp raised its holdings in shares of Sterling Infrastructure by 76.1% in the third quarter. Fifth Third Bancorp now owns 81 shares of the construction company's stock valued at $28,000 after purchasing an additional 35 shares during the last quarter. Optiver Holding B.V. raised its holdings in shares of Sterling Infrastructure by 108.2% in the third quarter. Optiver Holding B.V. now owns 102 shares of the construction company's stock valued at $35,000 after purchasing an additional 53 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Sterling Infrastructure by 316.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 104 shares of the construction company's stock valued at $35,000 after purchasing an additional 79 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings 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 valued at $33,000 after purchasing an additional 27 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

Insider Transactions at Sterling Infrastructure

In related news, CEO Joseph A. Cutillo sold 50,000 shares of the firm's stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $497.57, for a total transaction of $24,878,500.00. Following the completion of the sale, the chief executive officer owned 290,593 shares in the company, valued at approximately $144,590,359.01. This trade represents a 14.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.60% of the company's stock.

Sterling Infrastructure Stock Performance

NASDAQ STRL opened at $782.12 on Thursday. Sterling Infrastructure, Inc. has a 52-week low of $183.40 and a 52-week high of $893.13. The company has a 50-day simple moving average of $566.26 and a 200 day simple moving average of $432.75. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market capitalization of $24.00 billion, a PE ratio of 69.96, a price-to-earnings-growth ratio of 2.90 and a beta of 1.64.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The construction company reported $3.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.29 by $1.30. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. The business had revenue of $825.68 million during the quarter, compared to the consensus estimate of $603.58 million. During the same quarter last year, the company posted $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. On average, research analysts predict that Sterling Infrastructure, Inc. will post 18.01 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. KeyCorp increased their target price on shares of Sterling Infrastructure from $572.00 to $889.00 and gave the company an "overweight" rating in a report on Wednesday, May 6th. Argus assumed coverage on shares of Sterling Infrastructure in a report on Thursday, April 16th. They issued a "buy" rating and a $510.00 target price for the company. Zacks Research downgraded shares of Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a report on Friday, May 1st. DA Davidson increased their target price on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the company a "buy" rating in a report on Friday, February 27th. Finally, Wall Street Zen upgraded shares of Sterling Infrastructure from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 23rd. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $668.20.

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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