Walleye Capital LLC Buys New Position in Sterling Infrastructure, Inc. $STRL

Key Points

• Walleye Capital initiated a position in Sterling Infrastructure, buying 13,025 shares valued at approximately $10.9 million. Institutional investors and hedge funds collectively own 80.95% of the company.
• Analysts maintain a generally positive outlook, with seven Buy ratings and one Hold rating producing a consensus “Moderate Buy” rating and an average price target of $657. However, several firms recently lowered their targets.
• Sterling Infrastructure reported quarterly earnings of $5.80 per share versus the $5.01 consensus estimate, while revenue rose 90.4% year over year to $1.17 billion. Shares opened at $576.48, well below their 52-week high of $1,005.68.

Walleye Capital LLC bought a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 13,025 shares of the construction company's stock, valued at approximately $10,933,000.

Several other hedge funds also recently modified their holdings of the company. Signature Equity Partners LLC raised its position in shares of 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 buying an additional 17 shares during the last quarter. World Investment Advisors boosted its position 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 acquiring an additional 20 shares during the last quarter. Ritholtz Wealth Management boosted its position in 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 acquiring an additional 24 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Sterling Infrastructure by 33.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company's stock worth $33,000 after acquiring an additional 27 shares during the period. Finally, Root Financial Partners LLC grew its stake in Sterling Infrastructure by 28.0% in the 1st quarter. Root Financial Partners LLC now owns 128 shares of the construction company's stock worth $52,000 after acquiring an additional 28 shares during the period. 80.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Zacks Research downgraded Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a report on Friday, August 7th. Cantor Fitzgerald decreased their price objective on Sterling Infrastructure from $956.00 to $742.00 and set an "overweight" rating on the stock in a report on Wednesday, August 5th. Wall Street Zen raised Sterling Infrastructure from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 8th. KeyCorp dropped their target price on Sterling Infrastructure from $922.00 to $754.00 and set an "overweight" rating for the company in a research note on Wednesday, August 5th. Finally, Weiss Ratings downgraded Sterling Infrastructure from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, July 28th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $657.00.

Sterling Infrastructure Stock Performance

Shares of STRL stock opened at $576.48 on Friday. Sterling Infrastructure, Inc. has a one year low of $263.45 and a one year high of $1,005.68. 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 company has a 50 day moving average price of $704.54 and a 200 day moving average price of $591.04. The firm has a market capitalization of $17.63 billion, a price-to-earnings ratio of 41.56, a price-to-earnings-growth ratio of 1.93 and a beta of 1.88.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, topping analysts' consensus estimates of $5.01 by $0.79. The company 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 company'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. Sell-side analysts anticipate that Sterling Infrastructure, Inc. will post 19.11 EPS for the current year.

Insider Activity at Sterling Infrastructure

In related news, General Counsel Mark D. Wolf sold 2,500 shares of the stock in a transaction on 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 transaction, the general counsel directly owned 28,137 shares of the company's stock, valued at approximately $24,985,656. This trade represents a 8.16% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by insiders.

About Sterling Infrastructure

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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