Sterling Infrastructure (NASDAQ:STRL) CEO Joseph Cutillo Sells 50,000 Shares

Key Points

• CEO Joseph Cutillo sold 50,000 shares on April 23 at an average price of $497.57 for proceeds of about $24.88M under a pre-arranged Rule 10b5-1 plan, reducing his stake by 14.68% to 290,593 shares valued at roughly $144.59M.
• Sterling Infrastructure reported strong results last quarter with $3.08 EPS (vs. $2.63 expected) and $755.61M revenue (vs. $639.41M expected), and set FY2026 guidance of 13.45–14.05 EPS, while sell-side analysts hold a consensus "Buy" and an average price target around $510.
• The stock traded near $497.18, carries a market capitalization of about $15.25B and a P/E of 53.06, sports a 52-week range of $143.20–$512.36, and is heavily owned by institutions (around 80.95%).

Sterling Infrastructure, Inc. (NASDAQ:STRL - Get Free Report) CEO Joseph Cutillo sold 50,000 shares of the stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $497.57, for a total value of $24,878,500.00. Following the transaction, the chief executive officer owned 290,593 shares in the company, valued at $144,590,359.01. The trade was a 14.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sterling Infrastructure Trading Up 0.3%

Shares of Sterling Infrastructure stock traded up $1.51 on Friday, reaching $497.18. 370,031 shares of the company's stock were exchanged, compared to its average volume of 492,191. The company has a market capitalization of $15.25 billion, a P/E ratio of 53.06, a price-to-earnings-growth ratio of 2.51 and a beta of 1.51. Sterling Infrastructure, Inc. has a 52 week low of $143.20 and a 52 week high of $512.36. The firm's 50-day moving average is $429.45 and its two-hundred day moving average is $376.14. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.01 and a current ratio of 1.01.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The construction company reported $3.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.63 by $0.45. The firm had revenue of $755.61 million for the quarter, compared to analysts' expectations of $639.41 million. Sterling Infrastructure had a return on equity of 32.82% and a net margin of 11.65%.Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. Sell-side analysts predict that Sterling Infrastructure, Inc. will post 12.95 EPS for the current fiscal year.

Institutional Investors Weigh In On Sterling Infrastructure

Several large investors have recently made changes to their positions in the business. Apollon Wealth Management LLC increased its position in shares of Sterling Infrastructure by 38.9% during the 1st quarter. Apollon Wealth Management LLC now owns 2,763 shares of the construction company's stock valued at $1,125,000 after purchasing an additional 774 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Sterling Infrastructure by 36.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 5,087 shares of the construction company's stock valued at $2,072,000 after purchasing an additional 1,359 shares during the last quarter. Pictet Asset Management Holding SA increased its position in shares of Sterling Infrastructure by 9.9% during the 1st quarter. Pictet Asset Management Holding SA now owns 4,947 shares of the construction company's stock valued at $2,015,000 after purchasing an additional 445 shares during the last quarter. Clarus Group Inc. purchased a new stake in shares of Sterling Infrastructure during the 1st quarter valued at $204,000. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of Sterling Infrastructure during the 1st quarter valued at $3,625,000. 80.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Stifel Nicolaus set a $486.00 target price on Sterling Infrastructure and gave the stock a "buy" rating in a report on Wednesday, February 11th. KeyCorp assumed coverage on Sterling Infrastructure in a report on Thursday. They issued an "overweight" rating and a $572.00 target price on the stock. Wall Street Zen cut Sterling Infrastructure from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 28th. Argus assumed coverage on Sterling Infrastructure in a report on Thursday, April 16th. They issued a "buy" rating and a $510.00 target price on the stock. Finally, Cantor Fitzgerald increased their target price on Sterling Infrastructure from $413.00 to $482.00 and gave the stock an "overweight" rating in a report on Monday, March 2nd. Two equities research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat, Sterling Infrastructure currently has a consensus rating of "Buy" and an average price target of $510.00.

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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