Sterling Infrastructure, Inc. $STRL is Cookson Peirce & Co. Inc.'s 8th Largest Position

Cookson Peirce & Co. Inc. raised its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 3.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,597 shares of the construction company's stock after acquiring an additional 2,935 shares during the period. Sterling Infrastructure comprises approximately 2.4% of Cookson Peirce & Co. Inc.'s investment portfolio, making the stock its 8th largest holding. Cookson Peirce & Co. Inc. owned 0.28% of Sterling Infrastructure worth $71,847,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the company. Wellington Shields & Co. LLC purchased a new stake in shares of Sterling Infrastructure in the second quarter valued at about $29,000. Persistent Asset Partners Ltd purchased a new position in Sterling Infrastructure during the second quarter worth about $40,000. MassMutual Private Wealth & Trust FSB grew its position in Sterling Infrastructure by 100.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 60 shares of the construction company's stock worth $50,000 after purchasing an additional 30 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Sterling Infrastructure by 43.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 79 shares of the construction company's stock worth $66,000 after purchasing an additional 24 shares in the last quarter. Finally, Cedar Mountain Advisors LLC grew its position in Sterling Infrastructure by 8,000.0% in the 1st quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company's stock worth $33,000 after purchasing an additional 80 shares in the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Sterling Infrastructure Trading Down 7.1%

NASDAQ:STRL opened at $470.52 on Friday. Sterling Infrastructure, Inc. has a 1 year low of $266.13 and a 1 year high of $1,005.68. The stock's fifty day moving average price is $638.53 and its two-hundred day moving average price is $601.26. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $14.39 billion, a P/E ratio of 33.92, a P/E/G ratio of 1.64 and a beta of 1.88.

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

Insider Buying and Selling

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 2,500 shares of the firm's stock in a transaction dated Thursday, June 25th. The stock was 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 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on STRL. Weiss Ratings cut shares of Sterling Infrastructure from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, July 28th. Wall Street Zen raised Sterling Infrastructure from a "buy" rating to a "strong-buy" rating in a research report on Monday, August 24th. Zacks Research lowered Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a report on Friday, August 7th. Cantor Fitzgerald cut their price objective on Sterling Infrastructure from $956.00 to $742.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 5th. Finally, Oppenheimer assumed coverage on Sterling Infrastructure in a research note on Thursday, May 28th. They issued an "outperform" rating and a $950.00 price objective for the company. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Sterling Infrastructure presently has an average rating of "Moderate Buy" and a consensus target price of $690.33.

Sterling Infrastructure Company 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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