Sterling Infrastructure (NASDAQ:STRL) Posts Earnings Results, Beats Expectations By $0.29 EPS

Key Points

• Sterling Infrastructure reported earnings of $2.55 per share, exceeding analysts' expectations by $0.29 and posted a net margin of 12.62%.
• The company updated its fiscal year 2025 guidance to provide an estimated EPS range of $9.210 to $9.470.
• Institutional investors and hedge funds own 80.95% of Sterling Infrastructure's stock, indicating strong support from larger investors.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) released its quarterly earnings data on Monday. The construction company reported $2.55 earnings per share for the quarter, topping analysts' consensus estimates of $2.26 by $0.29, Zacks reports. Sterling Infrastructure had a net margin of 12.62% and a return on equity of 26.58%. Sterling Infrastructure updated its FY 2025 guidance to 9.210-9.470 EPS.

Sterling Infrastructure Stock Performance

STRL stock traded up $8.69 during midday trading on Monday, hitting $271.74. 898,660 shares of the stock traded hands, compared to its average volume of 669,370. The firm has a market cap of $8.26 billion, a P/E ratio of 31.75, a PEG ratio of 2.18 and a beta of 1.46. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.32 and a quick ratio of 1.32. The stock's fifty day simple moving average is $226.09 and its 200-day simple moving average is $171.90. Sterling Infrastructure has a 1-year low of $93.50 and a 1-year high of $272.81.

Insider Buying and Selling at Sterling Infrastructure

In other news, General Counsel Mark D. Wolf sold 3,500 shares of Sterling Infrastructure stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $225.87, for a total value of $790,545.00. Following the sale, the general counsel owned 29,315 shares in the company, valued at $6,621,379.05. This trade represents a 10.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dana C. O'brien sold 10,154 shares of Sterling Infrastructure stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $206.58, for a total transaction of $2,097,613.32. Following the completion of the sale, the director owned 16,498 shares in the company, valued at approximately $3,408,156.84. This trade represents a 38.10% decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by company insiders.

Institutional Trading of Sterling Infrastructure

Several institutional investors have recently modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Sterling Infrastructure by 12.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 83,983 shares of the construction company's stock valued at $9,508,000 after purchasing an additional 9,625 shares during the period. Empowered Funds LLC purchased a new position in shares of Sterling Infrastructure in the first quarter worth about $378,000. Finally, Focus Partners Wealth lifted its stake in shares of Sterling Infrastructure by 13.7% in the first quarter. Focus Partners Wealth now owns 2,313 shares of the construction company's stock worth $262,000 after buying an additional 279 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. DA Davidson increased their price objective on shares of Sterling Infrastructure from $205.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th.

About Sterling Infrastructure

Sterling Infrastructure, Inc engages in the provision of e-infrastructure, transportation, and building solutions primarily in the United States. It operates through three segments: E-Infrastructure Solutions, Transportation Solutions, and Building Solutions. The E-Infrastructure Solutions segment provides site development services for the blue-chip end users in the e-commerce distribution center, data center, manufacturing, warehousing, and power generation sectors.

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