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

Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $690.3333.

Several analysts have issued reports on the company. Cantor Fitzgerald dropped their target price on Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating for the company in a report on Wednesday, August 5th. Zacks Research cut shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Weiss Ratings lowered shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 28th. Wall Street Zen raised shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a report on Monday, August 24th. Finally, KeyCorp cut their price objective on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th.

Sterling Infrastructure Stock Performance

Shares of STRL stock opened at $470.52 on Monday. Sterling Infrastructure has a 1-year low of $266.13 and a 1-year high of $1,005.68. The company has a market cap of $14.39 billion, a price-to-earnings ratio of 33.92, a PEG ratio of 1.64 and a beta of 1.88. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a 50 day simple moving average of $638.53 and a 200-day simple moving average of $602.55.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $5.01 by $0.79. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $969.22 million. The business’s revenue for the quarter was up 90.4% on a year-over-year basis. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. On average, equities research analysts expect that Sterling Infrastructure will post 19.14 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Trading of Sterling Infrastructure

A number of institutional investors and hedge funds have recently bought and sold shares of STRL. Engle Capital Management L.P. boosted its stake in Sterling Infrastructure by 156.5% in the first quarter. Engle Capital Management L.P. now owns 26,500 shares of the construction company’s stock valued at $10,793,000 after acquiring an additional 16,167 shares during the last quarter. Devon Energy Corp DE bought a new stake in shares of Sterling Infrastructure during the 2nd quarter valued at $548,390,288,000. Equitable Holdings Inc. bought a new stake in shares of Sterling Infrastructure during the 2nd quarter valued at $5,012,000. Northwestern Mutual Investment Management Company LLC acquired a new position in shares of Sterling Infrastructure in the 4th quarter valued at $2,105,000. Finally, Deutsche Bank AG acquired a new position in shares of Sterling Infrastructure in the 2nd quarter valued at $18,337,000. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

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.