Sterling Infrastructure, Inc. $STRL Shares Bought by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management increased its Sterling Infrastructure stake by 29% in the second quarter, bringing its holdings to 138,884 shares valued at approximately $116.6 million. Institutional investors collectively own 80.95% of the company.
• Sterling Infrastructure reported quarterly EPS of $5.80, exceeding the $5.01 analyst estimate, while revenue rose 90.4% year over year to $1.17 billion. The company provided fiscal 2026 EPS guidance of $19.70 to $20.30.
• STRL shares opened at $512.29, down 0.3%, amid mixed analyst actions. Despite several price-target reductions, the stock retains a “Moderate Buy” consensus rating with an average target of $690.33.

Envestnet Asset Management Inc. increased its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 29.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 138,884 shares of the construction company's stock after purchasing an additional 31,182 shares during the period. Envestnet Asset Management Inc. owned 0.45% of Sterling Infrastructure worth $116,574,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. State Street Corp grew its position in Sterling Infrastructure by 290.7% in 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 acquiring an additional 3,164,551 shares in the last quarter. BlackRock Inc. acquired a new stake in Sterling Infrastructure during the 2nd quarter valued at $2,713,946,000. Jupiter Topco LLC acquired a new stake in Sterling Infrastructure during the 2nd quarter valued at $395,056,000. First Trust Advisors LP increased its stake in Sterling Infrastructure by 27.3% during the 1st quarter. First Trust Advisors LP now owns 877,990 shares of the construction company's stock worth $357,579,000 after buying an additional 188,048 shares during the period. Finally, Janus Henderson Group PLC increased its stake in Sterling Infrastructure by 7.5% during the 1st quarter. Janus Henderson Group PLC now owns 619,145 shares of the construction company's stock worth $252,207,000 after buying an additional 43,259 shares during the period. 80.95% of the stock is owned by hedge funds and other institutional investors.

Sterling Infrastructure Trading Down 0.3%

NASDAQ:STRL opened at $512.29 on Friday. The company has a market cap of $15.67 billion, a PE ratio of 36.94, a P/E/G ratio of 1.79 and a beta of 1.85. The business's 50 day moving average is $536.06 and its two-hundred day moving average is $610.25. 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 $281.58 and a 52 week high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share (EPS) 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 business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $969.22 million. The firm'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. On average, analysts predict that Sterling Infrastructure, Inc. will post 19.1 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on STRL. Weiss Ratings cut shares of Sterling Infrastructure from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, September 9th. DA Davidson started coverage on Sterling Infrastructure in a research note on Friday, August 21st. They issued a "buy" rating and a $700.00 price target on the stock. Cantor Fitzgerald reduced their price target on Sterling Infrastructure from $956.00 to $742.00 and set an "overweight" rating for the company in a report on Wednesday, August 5th. Wall Street Zen downgraded Sterling Infrastructure from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 5th. Finally, KeyCorp cut their target price 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 investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $690.33.

About Sterling Infrastructure

Sterling Infrastructure, Inc provides infrastructure, engineering and construction services across the United States. The company serves public and private-sector customers through three primary business segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions.

Its E-Infrastructure Solutions segment develops and builds large-scale infrastructure for data centers, advanced manufacturing facilities, energy and communications projects, and other complex industrial sites.

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