Sterling Infrastructure, Inc. $STRL Shares Sold by Cookson Peirce & Co. Inc.

Key Points

• Cookson Peirce & Co. Inc. reduced its Sterling Infrastructure stake by 1.4% in the fourth quarter, selling 1,149 shares and leaving it with 82,221 shares worth about $25.2 million.
• Sterling Infrastructure reported strong quarterly results, posting EPS of $3.59 versus the $2.29 consensus and revenue of $825.68 million, well above expectations.
• Analysts remain bullish on the stock, with several recent target increases and an average MarketBeat price target of $720.67, despite the shares trading down 11.2% in the article.

Cookson Peirce & Co. Inc. cut its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 1.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 82,221 shares of the construction company's stock after selling 1,149 shares during the period. Sterling Infrastructure makes up about 1.0% of Cookson Peirce & Co. Inc.'s portfolio, making the stock its 28th largest holding. Cookson Peirce & Co. Inc. owned 0.27% of Sterling Infrastructure worth $25,179,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its position in shares of Sterling Infrastructure by 33.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company's stock valued at $33,000 after acquiring an additional 27 shares during the period. CENTRAL TRUST Co grew its position in shares of Sterling Infrastructure by 7.9% during the 4th quarter. CENTRAL TRUST Co now owns 397 shares of the construction company's stock valued at $122,000 after acquiring an additional 29 shares during the period. Lido Advisors LLC grew its position in shares of Sterling Infrastructure by 1.8% during the 4th quarter. Lido Advisors LLC now owns 1,725 shares of the construction company's stock valued at $578,000 after acquiring an additional 31 shares during the period. Fifth Third Bancorp grew its position in shares of Sterling Infrastructure by 76.1% during the 3rd quarter. Fifth Third Bancorp now owns 81 shares of the construction company's stock valued at $28,000 after acquiring an additional 35 shares during the period. Finally, Ballentine Partners LLC grew its position in shares of Sterling Infrastructure by 6.9% during the 4th quarter. Ballentine Partners LLC now owns 686 shares of the construction company's stock valued at $210,000 after acquiring an additional 44 shares during the period. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Sterling Infrastructure Trading Down 11.2%

STRL stock opened at $882.43 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23. Sterling Infrastructure, Inc. has a 12-month low of $191.00 and a 12-month high of $1,005.68. The stock has a market cap of $27.08 billion, a price-to-earnings ratio of 78.93, a PEG ratio of 3.26 and a beta of 1.82. The business's 50-day moving average is $631.38 and its 200 day moving average is $458.18.

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 the consensus estimate of $2.29 by $1.30. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.The company had revenue of $825.68 million for the quarter, compared to analysts' expectations of $603.58 million. During the same period in the previous year, the firm posted $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. On average, sell-side analysts anticipate that Sterling Infrastructure, Inc. will post 18.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sterling Infrastructure news, CEO Joseph A. Cutillo sold 50,000 shares of the firm's stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $497.57, for a total value of $24,878,500.00. Following the transaction, the chief executive officer directly owned 290,593 shares of the company's stock, valued at $144,590,359.01. This trade represents a 14.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on STRL shares. Stifel Nicolaus set a $486.00 price objective on Sterling Infrastructure and gave the stock a "buy" rating in a report on Wednesday, February 11th. Oppenheimer started coverage on Sterling Infrastructure in a report on Thursday, May 28th. They issued an "outperform" rating and a $950.00 price objective on the stock. Weiss Ratings cut Sterling Infrastructure from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, May 14th. Cantor Fitzgerald lifted their price objective on Sterling Infrastructure from $482.00 to $956.00 and gave the stock an "overweight" rating in a report on Monday, May 11th. Finally, Zacks Research upgraded Sterling Infrastructure from a "hold" rating to a "strong-buy" rating in a report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $720.67.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.