Sterling Infrastructure, Inc. (NASDAQ:STRL) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $668.20.

A number of brokerages recently commented on STRL. Stifel Nicolaus set a $486.00 target price on Sterling Infrastructure and gave the company a “buy” rating in a report on Wednesday, February 11th. KeyCorp upped their target price on Sterling Infrastructure from $572.00 to $889.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. DA Davidson upped their price target on Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Argus began coverage on Sterling Infrastructure in a research note on Thursday, April 16th. They issued a “buy” rating and a $510.00 price target on the stock. Finally, Zacks Research cut Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st.

Insiders Place Their Bets

In related news, CEO Joseph A. Cutillo sold 50,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer directly owned 290,593 shares of the company’s stock, valued at $144,590,359.01. This represents a 14.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sterling Infrastructure

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new stake in Sterling Infrastructure in the third quarter worth $26,000. Wilmington Savings Fund Society FSB purchased a new stake in Sterling Infrastructure in the third quarter worth $28,000. Fifth Third Bancorp grew its stake in 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 purchasing an additional 35 shares during the period. Cedar Mountain Advisors LLC grew its stake in Sterling Infrastructure by 8,000.0% in the first quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company’s stock worth $33,000 after purchasing an additional 80 shares during the period. Finally, NFSG Corp grew its stake in Sterling Infrastructure by 578.6% in the first quarter. NFSG Corp now owns 95 shares of the construction company’s stock worth $39,000 after purchasing an additional 81 shares during the period. 80.95% of the stock is owned by hedge funds and other institutional investors.

Sterling Infrastructure Price Performance

Shares of Sterling Infrastructure stock opened at $732.94 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The company has a market cap of $22.49 billion, a PE ratio of 65.56, a P/E/G ratio of 2.72 and a beta of 1.64. The business has a 50 day moving average of $544.70 and a 200 day moving average of $424.67. Sterling Infrastructure has a 52 week low of $179.46 and a 52 week high of $893.13.

Sterling Infrastructure (NASDAQ:STRL) last announced its earnings results on Monday, May 4th. The construction company reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $1.30. The company had revenue of $825.68 million during the quarter, compared to the consensus estimate of $603.58 million. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.During the same quarter in the prior year, the company earned $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, equities research analysts forecast that Sterling Infrastructure will post 18.01 earnings per share for the current year.

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.