KeyCorp Upgrades Sterling Infrastructure (NASDAQ:STRL) to Strong-Buy

Sterling Infrastructure (NASDAQ:STRL) was upgraded by investment analysts at KeyCorp to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Several other research analysts have also recently issued reports on STRL. Argus began coverage on Sterling Infrastructure in a research note on Thursday, April 16th. They issued a “buy” rating and a $510.00 price objective for the company. 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. Weiss Ratings raised shares of Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 26th. Stifel Nicolaus set a $486.00 target price on shares of Sterling Infrastructure and gave the company a “buy” rating in a research report on Wednesday, February 11th. Finally, Zacks Research upgraded Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 4th. Two analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to MarketBeat.com, Sterling Infrastructure has a consensus rating of “Buy” and an average target price of $510.00.

Sterling Infrastructure Stock Up 1.6%

Shares of Sterling Infrastructure stock opened at $495.67 on Thursday. The firm’s 50 day moving average price is $429.45 and its 200-day moving average price is $376.14. The company has a market cap of $15.21 billion, a P/E ratio of 52.90, a PEG ratio of 2.51 and a beta of 1.51. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.25. Sterling Infrastructure has a 52-week low of $139.20 and a 52-week high of $504.05.

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

Insider Buying and Selling at Sterling Infrastructure

In related news, CEO Joseph A. Cutillo sold 50,000 shares of the company’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $453.48, for a total transaction of $22,674,000.00. Following the completion of the transaction, the chief executive officer owned 340,593 shares in the company, valued at $154,452,113.64. This represents a 12.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $410.00, for a total transaction of $820,000.00. Following the completion of the transaction, the director directly owned 11,498 shares in the company, valued at $4,714,180. This represents a 14.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 54,000 shares of company stock worth $24,284,000. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Sterling Infrastructure

Several institutional investors have recently bought and sold shares of the company. Root Financial Partners LLC purchased a new stake in Sterling Infrastructure during the 3rd quarter worth approximately $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Sterling Infrastructure in the third quarter valued at approximately $28,000. Fifth Third Bancorp boosted its stake in shares of Sterling Infrastructure by 76.1% in the third quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock worth $28,000 after acquiring an additional 35 shares during the last quarter. Bogart Wealth LLC boosted its stake in shares of Sterling Infrastructure by 535.7% in the third quarter. Bogart Wealth LLC now owns 89 shares of the construction company’s stock worth $30,000 after acquiring an additional 75 shares during the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new position in Sterling Infrastructure in the 4th quarter valued at $31,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.

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.