Tidal Investments LLC Has $103.88 Million Stock Position in Sterling Infrastructure, Inc. $STRL

Key Points

• Tidal Investments more than doubled its Sterling Infrastructure stake in the second quarter, acquiring 65,361 additional shares and bringing its holdings to 123,759 shares worth approximately $103.88 million. Institutional investors and hedge funds collectively own 80.95% of STRL.
• Analyst sentiment remains favorable, with seven Buy ratings and one Hold rating producing a consensus “Moderate Buy” rating and an average price target of $690.33, despite several recent target and rating reductions.
• Sterling Infrastructure exceeded quarterly expectations, reporting $5.80 in EPS versus the $5.01 consensus and $1.17 billion in revenue, up 90.4% year over year. Shares opened at $495.15, well below their 12-month high of $1,005.68.

Tidal Investments LLC raised its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 111.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 123,759 shares of the construction company's stock after acquiring an additional 65,361 shares during the quarter. Tidal Investments LLC owned about 0.40% of Sterling Infrastructure worth $103,878,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Wellington Shields & Co. LLC acquired a new position in shares of Sterling Infrastructure in the second quarter valued at approximately $29,000. Persistent Asset Partners Ltd bought a new stake in shares of Sterling Infrastructure in the second quarter valued at about $40,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Sterling Infrastructure by 100.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 60 shares of the construction company's stock valued at $50,000 after acquiring an additional 30 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in Sterling Infrastructure by 35.7% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 76 shares of the construction company's stock worth $59,000 after purchasing an additional 20 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in 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 period. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on STRL. Zacks Research cut Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 7th. Weiss Ratings lowered Sterling Infrastructure from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, July 28th. Cantor Fitzgerald dropped their price target on Sterling Infrastructure from $956.00 to $742.00 and set an "overweight" rating for the company in a research note on Wednesday, August 5th. DA Davidson assumed coverage on shares of Sterling Infrastructure in a research note on Friday, August 21st. They set a "buy" rating and a $700.00 price objective on the stock. Finally, Oppenheimer started coverage on shares of Sterling Infrastructure in a research report on Thursday, May 28th. They issued an "outperform" rating and a $950.00 target price for the company. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $690.33.

Insider Buying and Selling at Sterling Infrastructure

In other Sterling Infrastructure news, General Counsel Mark Wolf sold 2,500 shares of the company's stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $888.00, for a total value of $2,220,000.00. Following the completion of the transaction, the general counsel owned 28,137 shares of the company's stock, valued at $24,985,656. This represents a 8.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is currently owned by company insiders.

Sterling Infrastructure Price Performance

Shares of STRL stock opened at $495.15 on Thursday. 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 twelve month low of $281.58 and a twelve month high of $1,005.68. The company has a market cap of $15.15 billion, a P/E ratio of 35.70, a P/E/G ratio of 1.75 and a beta of 1.85. The business has a fifty day simple moving average of $578.64 and a 200 day simple moving average of $605.44.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last released its earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.01 by $0.79. The firm had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $969.22 million. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.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, sell-side analysts forecast that Sterling Infrastructure, Inc. will post 19.14 EPS for the current fiscal year.

Sterling Infrastructure Company Profile

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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