Sterling Infrastructure, Inc. $STRL Shares Sold by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company cut its Sterling Infrastructure stake by 25.5% in the second quarter, selling 8,529 shares and retaining 24,925 shares valued at approximately $20.9 million. Institutional investors and hedge funds collectively own 80.95% of STRL.
• Analyst sentiment remains positive overall, with seven Buy ratings and one Hold rating producing a consensus “Moderate Buy” rating and an average price target of $690.33, although Cantor Fitzgerald lowered its target to $742 and Zacks downgraded the stock to Hold.
• Sterling Infrastructure reported quarterly EPS of $5.80, exceeding estimates of $5.01, while revenue rose 90.4% year over year to $1.17 billion. The company issued fiscal 2026 EPS guidance of $19.70–$20.30.

The Manufacturers Life Insurance Company reduced its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 25.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,925 shares of the construction company's stock after selling 8,529 shares during the period. The Manufacturers Life Insurance Company owned 0.08% of Sterling Infrastructure worth $20,921,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of STRL. Signature Equity Partners LLC grew its holdings in Sterling Infrastructure by 19.5% in the first quarter. Signature Equity Partners LLC now owns 104 shares of the construction company's stock valued at $42,000 after purchasing an additional 17 shares during the period. World Investment Advisors raised its stake in Sterling Infrastructure by 2.4% during the first quarter. World Investment Advisors now owns 870 shares of the construction company's stock worth $354,000 after purchasing an additional 20 shares during the period. Ritholtz Wealth Management boosted its holdings in shares of Sterling Infrastructure by 3.6% in the 1st quarter. Ritholtz Wealth Management now owns 686 shares of the construction company's stock valued at $279,000 after purchasing an additional 24 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Sterling Infrastructure by 43.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 79 shares of the construction company's stock valued at $66,000 after purchasing an additional 24 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Sterling Infrastructure by 33.8% in the 4th 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 and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on STRL shares. Zacks Research downgraded Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a report on Friday, August 7th. Weiss Ratings cut Sterling Infrastructure from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, July 28th. Cantor Fitzgerald lowered their price target on Sterling Infrastructure from $956.00 to $742.00 and set an "overweight" rating for the company in a research report on Wednesday, August 5th. Wall Street Zen upgraded Sterling Infrastructure from a "buy" rating to a "strong-buy" rating in a research note on Monday. Finally, Oppenheimer began 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. 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, the company presently has a consensus rating of "Moderate Buy" and an average price target of $690.33.

Sterling Infrastructure Price Performance

STRL opened at $506.37 on Friday. Sterling Infrastructure, Inc. has a 52-week low of $266.13 and a 52-week high of $1,005.68. The company has a 50 day moving average of $646.36 and a two-hundred day moving average of $602.19. The company has a market cap of $15.49 billion, a P/E ratio of 36.51, a P/E/G ratio of 1.73 and a beta of 1.88. 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 (NASDAQ:STRL - Get Free Report) last issued its earnings results on Monday, August 3rd. The construction company reported $5.80 EPS for the quarter, beating analysts' consensus estimates of $5.01 by $0.79. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $969.22 million. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The business'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 expect that Sterling Infrastructure, Inc. will post 19.14 earnings per share for the current year.

Insider Buying and Selling

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 2,500 shares of the business's stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the transaction, the general counsel owned 28,137 shares in the company, valued at $24,985,656. The trade was a 8.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is owned by company insiders.

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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