Sterling Infrastructure (NASDAQ:STRL) Sets New 52-Week High – What’s Next?

Sterling Infrastructure, Inc. (NASDAQ:STRL)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $484.34 and last traded at $480.0890, with a volume of 60195 shares. The stock had previously closed at $472.90.

Wall Street Analysts Forecast Growth

STRL has been the subject of a number of recent research reports. Zacks Research raised shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 4th. Weiss Ratings raised shares of Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. Cantor Fitzgerald lifted their price objective on shares of Sterling Infrastructure from $413.00 to $482.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. Wall Street Zen cut shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 28th. Finally, KeyCorp initiated coverage on shares of Sterling Infrastructure in a research note on Thursday. They issued an “overweight” rating for the company. One research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. According to MarketBeat.com, Sterling Infrastructure currently has a consensus rating of “Buy” and a consensus target price of $494.50.

Sterling Infrastructure Stock Up 3.2%

The company’s fifty day moving average price is $428.16 and its 200-day moving average price is $375.31. The stock has a market cap of $14.97 billion, a P/E ratio of 52.07, a price-to-earnings-growth ratio of 2.43 and a beta of 1.51. 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) last released its earnings results on Wednesday, February 25th. The construction company reported $3.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.45. The firm had revenue of $755.61 million during the quarter, compared to analyst estimates of $639.41 million. Sterling Infrastructure had a net margin of 11.65% and a return on equity of 32.82%. Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. Equities analysts forecast that Sterling Infrastructure, Inc. will post 12.95 EPS for the current year.

Insider Activity

In other news, CEO Joseph A. Cutillo sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $453.48, for a total value of $22,674,000.00. Following the completion of the sale, the chief executive officer owned 340,593 shares in the company, valued at approximately $154,452,113.64. This trade represents a 12.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dana C. O’brien sold 2,000 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $410.00, for a total transaction of $820,000.00. Following the completion of the sale, the director owned 11,498 shares of the company’s stock, valued at $4,714,180. This trade represents a 14.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 54,000 shares of company stock valued at $24,284,000 in the last 90 days. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Sterling Infrastructure

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ritholtz Wealth Management lifted its holdings in Sterling Infrastructure by 3.6% during the 1st quarter. Ritholtz Wealth Management now owns 686 shares of the construction company’s stock valued at $279,000 after buying an additional 24 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Sterling Infrastructure by 33.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock valued at $33,000 after buying an additional 27 shares in the last quarter. UMB Bank n.a. lifted its holdings in Sterling Infrastructure by 27.5% during the 3rd quarter. UMB Bank n.a. now owns 130 shares of the construction company’s stock valued at $44,000 after buying an additional 28 shares in the last quarter. CENTRAL TRUST Co lifted its holdings in Sterling Infrastructure by 7.9% during the 4th quarter. CENTRAL TRUST Co now owns 397 shares of the construction company’s stock valued at $122,000 after buying an additional 29 shares in the last quarter. Finally, Lido Advisors LLC lifted its holdings in Sterling Infrastructure by 1.8% during the 4th quarter. Lido Advisors LLC now owns 1,725 shares of the construction company’s stock valued at $578,000 after buying an additional 31 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

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.