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

Sterling Infrastructure, Inc. (NASDAQ:STRL) has received an average recommendation of “Buy” from the eight analysts that are currently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $657.00.

Several research firms have issued reports on STRL. Cantor Fitzgerald dropped their price objective on Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating for the company in a research note on Wednesday. Argus began coverage on shares of Sterling Infrastructure in a report on Thursday, April 16th. They set a “buy” rating and a $510.00 price target for the company. Oppenheimer initiated coverage on shares of Sterling Infrastructure in a research note on Thursday, May 28th. They set an “outperform” rating and a $950.00 price objective on the stock. KeyCorp cut their target price on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Zacks Research upgraded Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 1st.

Sterling Infrastructure Stock Performance

NASDAQ STRL opened at $536.03 on Thursday. Sterling Infrastructure has a twelve month low of $263.45 and a twelve month high of $1,005.68. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.19. The stock has a market cap of $16.45 billion, a P/E ratio of 38.65, a PEG ratio of 1.98 and a beta of 1.88. The company’s 50-day simple moving average is $753.24 and its 200 day simple moving average is $583.28.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $5.01 by $0.79. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $969.22 million. The firm’s quarterly revenue was up 90.4% on a year-over-year basis. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. As a group, research analysts forecast that Sterling Infrastructure will post 18.24 earnings per share for the current fiscal year.

Insider Buying and Selling at Sterling Infrastructure

In other news, General Counsel Mark D. Wolf sold 2,500 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $888.00, for a total value of $2,220,000.00. Following the completion of the sale, the general counsel directly owned 28,137 shares in the company, valued at approximately $24,985,656. This trade represents a 8.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. BIP Wealth LLC bought a new stake in shares of Sterling Infrastructure during the second quarter worth $20,549,000. Summit Global Investments bought a new stake in Sterling Infrastructure during the 2nd quarter worth about $1,176,000. Oppenheimer Asset Management Inc. acquired a new position in Sterling Infrastructure during the 2nd quarter valued at about $6,238,000. Walleye Capital LLC bought a new position in shares of Sterling Infrastructure in the 2nd quarter valued at about $10,933,000. Finally, Handelsbanken Fonder AB boosted its stake in shares of Sterling Infrastructure by 10.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 9,880 shares of the construction company’s stock valued at $8,293,000 after purchasing an additional 920 shares during 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.