Sterling Infrastructure, Inc. $STRL Stock Purchased by Brookstone Capital Management

Key Points

• Brookstone Capital Management increased its Sterling Infrastructure stake by 584.4% in the third quarter, purchasing 4,856 additional shares for a total holding of 5,687 shares valued at approximately $2.8 million.
• Institutional investors and hedge funds own 80.95% of STRL, while analyst sentiment remains positive overall with a “Moderate Buy” consensus and an average price target of $733.17.
• Sterling Infrastructure reported strong quarterly results, with adjusted earnings of $5.80 per share and revenue of $1.17 billion, up 90.4% year over year; however, the stock opened at $355.30, well below its 52-week high of $1,005.68.

Brookstone Capital Management raised its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 584.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,687 shares of the construction company's stock after acquiring an additional 4,856 shares during the quarter. Brookstone Capital Management's holdings in Sterling Infrastructure were worth $2,797,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in STRL. Signature Equity Partners LLC increased its position in Sterling Infrastructure by 19.5% during the 1st quarter. Signature Equity Partners LLC now owns 104 shares of the construction company's stock worth $42,000 after purchasing an additional 17 shares in the last quarter. World Investment Advisors boosted its position in Sterling Infrastructure by 2.4% in the first quarter. World Investment Advisors now owns 870 shares of the construction company's stock valued at $354,000 after buying an additional 20 shares in the last quarter. TD Waterhouse Canada Inc. grew its stake in shares of Sterling Infrastructure by 35.7% during the second quarter. TD Waterhouse Canada Inc. now owns 76 shares of the construction company's stock worth $59,000 after buying an additional 20 shares during the last quarter. Ritholtz Wealth Management grew its stake in shares of Sterling Infrastructure by 3.6% during the first quarter. Ritholtz Wealth Management now owns 686 shares of the construction company's stock worth $279,000 after buying an additional 24 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Sterling Infrastructure by 43.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 79 shares of the construction company's stock worth $66,000 after buying an additional 24 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on STRL. Stifel Nicolaus lowered their price target on shares of Sterling Infrastructure from $804.00 to $742.00 and set a "buy" rating for the company in a report on Thursday, October 8th. Weiss Ratings downgraded Sterling Infrastructure from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, September 9th. DA Davidson assumed coverage on Sterling Infrastructure in a report on Friday, August 21st. They set a "buy" rating and a $700.00 price objective on the stock. Wall Street Zen lowered Sterling Infrastructure from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 5th. Finally, Zacks Research cut Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a report on Friday, August 7th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $733.17.

Sterling Infrastructure Stock Performance

Sterling Infrastructure stock opened at $355.30 on Monday. The business has a 50 day moving average of $489.80 and a 200-day moving average of $619.81. The company has a market capitalization of $10.87 billion, a P/E ratio of 25.62, a P/E/G ratio of 1.24 and a beta of 1.86. 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 posted its earnings results on Monday, August 3rd. The construction company reported $5.80 EPS for the quarter, topping the consensus estimate of $5.01 by $0.79. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate 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, equities research analysts predict that Sterling Infrastructure, Inc. will post 19.10 earnings per share for the current year.

About Sterling Infrastructure

Sterling Infrastructure, Inc is a U.S.-based infrastructure services company that provides construction and specialty contracting solutions through three principal business segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions.

Its E-Infrastructure Solutions segment supports the development of data centers, advanced manufacturing facilities, energy and power infrastructure, and other large-scale industrial projects. Transportation Solutions provides construction and rehabilitation services for highways, roads, bridges, airports, rail and transit systems, and related public infrastructure.

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