Sterling Infrastructure’s (STRL) Overweight Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reissued their overweight rating on shares of Sterling Infrastructure (NASDAQ:STRL) in a research note released on Wednesday,Benzinga reports. The brokerage currently has a $742.00 price target on the construction company’s stock.

STRL has been the topic of several other reports. KeyCorp lowered their price objective on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. Zacks Research lowered Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Weiss Ratings cut Sterling Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, September 9th. DA Davidson began coverage on Sterling Infrastructure in a report on Friday, August 21st. They set a “buy” rating and a $700.00 price target on the stock. Finally, Wall Street Zen lowered Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $690.33.

Sterling Infrastructure Stock Performance

STRL opened at $533.42 on Wednesday. The firm has a market cap of $16.32 billion, a PE ratio of 38.46, a P/E/G ratio of 1.76 and a beta of 1.86. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $517.88 and a 200-day simple moving average of $613.66. Sterling Infrastructure has a fifty-two week low of $281.58 and a fifty-two week high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL) last announced its earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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. Sterling Infrastructure’s revenue for the quarter was up 90.4% compared to the same quarter last year. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. As a group, equities analysts predict that Sterling Infrastructure will post 19.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Sterling Infrastructure

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Sterling Infrastructure during the 2nd quarter worth approximately $2,713,946,000. State Street Corp raised its position in Sterling Infrastructure by 290.7% in the 2nd quarter. State Street Corp now owns 4,253,073 shares of the construction company’s stock valued at $3,569,859,000 after purchasing an additional 3,164,551 shares during the last quarter. Jupiter Topco LLC bought a new position in Sterling Infrastructure in the 2nd quarter valued at $395,056,000. First Trust Advisors LP boosted its stake in Sterling Infrastructure by 27.3% in the first quarter. First Trust Advisors LP now owns 877,990 shares of the construction company’s stock worth $357,579,000 after purchasing an additional 188,048 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Sterling Infrastructure in the second quarter worth $144,725,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Sterling Infrastructure Company Profile

Sterling Infrastructure, Inc is an infrastructure services company that provides construction and rehabilitation solutions for public and private-sector customers in the United States. Formerly known as Sterling Construction Company, the company adopted its current name to reflect the expansion of its business beyond traditional transportation construction.

The company operates through three principal business segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions.