VIRGINIA RETIREMENT SYSTEMS ET Al Buys Shares of 8,591 Sterling Infrastructure, Inc. $STRL

Key Points

• Virginia Retirement Systems purchased 8,591 shares of Sterling Infrastructure during the second quarter, valued at approximately $7.2 million. Institutional investors collectively own 80.95% of the company.
• Analyst sentiment remains positive overall, with seven Buy ratings and one Hold rating, though some firms recently downgraded the stock or reduced price targets. Sterling has an average “Moderate Buy” rating and a consensus target of $690.33.
• Sterling reported quarterly earnings of $5.80 per share, exceeding estimates by $0.79, while revenue rose 90.4% year over year to $1.17 billion. Shares opened at $502.20, substantially below their 52-week high of $1,005.68.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 8,591 shares of the construction company's stock, valued at approximately $7,211,000.

A number of other hedge funds and other institutional investors have also modified their holdings of STRL. Wellington Shields & Co. LLC bought a new position in Sterling Infrastructure during the second quarter valued at about $29,000. Persistent Asset Partners Ltd acquired a new stake in shares of Sterling Infrastructure in the second quarter worth about $40,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Sterling Infrastructure by 100.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 60 shares of the construction company's stock worth $50,000 after acquiring an additional 30 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of Sterling Infrastructure by 35.7% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 76 shares of the construction company's stock worth $59,000 after acquiring an additional 20 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Sterling Infrastructure by 43.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 79 shares of the construction company's stock valued at $66,000 after acquiring an additional 24 shares during the last quarter. Institutional investors own 80.95% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on STRL shares. Wall Street Zen downgraded Sterling Infrastructure from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Oppenheimer assumed coverage on Sterling Infrastructure in a research report on Thursday, May 28th. They set an "outperform" rating and a $950.00 target price for the company. Zacks Research downgraded Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a report on Friday, August 7th. Weiss Ratings lowered shares of Sterling Infrastructure from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, July 28th. Finally, KeyCorp reduced their price objective on shares of Sterling Infrastructure from $922.00 to $754.00 and set an "overweight" rating for the company in a research note on Wednesday, August 5th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $690.33.

Sterling Infrastructure Trading Up 3.2%

Shares of NASDAQ:STRL opened at $502.20 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.11 and a current ratio of 1.11. The stock's 50-day moving average is $584.27 and its 200-day moving average is $604.88. The company has a market cap of $15.36 billion, a P/E ratio of 36.21, a P/E/G ratio of 1.69 and a beta of 1.85. Sterling Infrastructure, Inc. has a 52-week low of $280.81 and a 52-week high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $969.22 million. The business's quarterly revenue was up 90.4% compared to the same quarter last year. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. Equities research analysts predict that Sterling Infrastructure, Inc. will post 19.14 earnings per share for the current year.

Insider Buying and Selling

In other news, General Counsel Mark Wolf sold 2,500 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the general counsel directly 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is currently owned by corporate 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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