Sterling Infrastructure, Inc. $STRL Position Boosted by Cim Investment Management Inc.

Key Points

• Cim Investment Management increased its Sterling Infrastructure stake by 304.1% in the second quarter, bringing its holdings to 7,774 shares valued at $6.5 million. Institutional investors collectively own 80.95% of the company.
• Analysts maintain a positive outlook, with six Buy ratings and two Holds producing a consensus rating of “Moderate Buy” and an average price target of $690.33, although several firms recently lowered their targets.
• Sterling Infrastructure reported quarterly earnings of $5.80 per share, beating estimates by $0.79, while revenue rose 90.4% year over year to $1.17 billion. Shares recently traded at $504.94, well below their 52-week high of $1,005.68.

Cim Investment Management Inc. raised its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 304.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 7,774 shares of the construction company's stock after purchasing an additional 5,850 shares during the period. Sterling Infrastructure accounts for about 1.5% of Cim Investment Management Inc.'s investment portfolio, making the stock its 11th biggest holding. Cim Investment Management Inc.'s holdings in Sterling Infrastructure were worth $6,525,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Envestnet Asset Management Inc. increased its holdings in Sterling Infrastructure by 29.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 138,884 shares of the construction company's stock worth $116,574,000 after acquiring an additional 31,182 shares in the last quarter. State Street Corp lifted its holdings in Sterling Infrastructure by 290.7% during the second quarter. State Street Corp now owns 4,253,073 shares of the construction company's stock valued at $3,569,859,000 after purchasing an additional 3,164,551 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Sterling Infrastructure by 191.3% during the second quarter. The Manufacturers Life Insurance Company now owns 97,448 shares of the construction company's stock valued at $81,794,000 after purchasing an additional 63,994 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Sterling Infrastructure by 435.6% in the second quarter. Sequoia Financial Advisors LLC now owns 5,110 shares of the construction company's stock worth $4,289,000 after purchasing an additional 4,156 shares during the period. Finally, Tidal Investments LLC boosted its position in shares of Sterling Infrastructure by 111.9% in the second quarter. Tidal Investments LLC now owns 123,759 shares of the construction company's stock worth $103,878,000 after purchasing an additional 65,361 shares during the period. Hedge funds and other institutional investors own 80.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Zacks Research downgraded shares of Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 7th. Wall Street Zen downgraded shares of Sterling Infrastructure from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 5th. DA Davidson assumed coverage on Sterling Infrastructure in a research note on Friday, August 21st. They issued a "buy" rating and a $700.00 price target for the company. Cantor Fitzgerald decreased their price target on Sterling Infrastructure from $956.00 to $742.00 and set an "overweight" rating on the stock in a report on Wednesday, August 5th. Finally, KeyCorp lowered their price objective on Sterling Infrastructure from $922.00 to $754.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 5th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $690.33.

Sterling Infrastructure Trading Up 1.3%

Shares of NASDAQ:STRL traded up $6.58 during trading hours on Tuesday, hitting $504.94. 372,479 shares of the company's stock traded hands, compared to its average volume of 627,576. The firm has a market capitalization of $15.45 billion, a P/E ratio of 36.41, a price-to-earnings-growth ratio of 1.79 and a beta of 1.85. The business has a fifty day moving average price of $533.02 and a 200-day moving average price of $612.26. Sterling Infrastructure, Inc. has a 1 year low of $281.58 and a 1 year high of $1,005.68. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.11 and a quick ratio of 1.11.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, topping 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 firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $969.22 million. Sterling Infrastructure'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. Equities analysts expect that Sterling Infrastructure, Inc. will post 19.1 earnings per share for the current year.

Sterling Infrastructure Company Profile

Sterling Infrastructure, Inc is an infrastructure services company that provides construction and rehabilitation solutions for public and private-sector customers in the United States. Formerly known as Sterling Construction Company, the company adopted its current name to reflect the expansion of its business beyond traditional transportation construction.

The company operates through three principal business segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions.

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