Sterling Infrastructure (NASDAQ:STRL) Stock Price Up 5.9% – Here’s What Happened

Sterling Infrastructure, Inc. (NASDAQ:STRL)’s stock price shot up 5.9% during mid-day trading on Tuesday. The stock traded as high as $556.00 and last traded at $554.0690. 175,796 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 622,560 shares. The stock had previously closed at $523.33.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on STRL. DA Davidson initiated coverage on shares of Sterling Infrastructure in a research note on Friday, August 21st. They issued a “buy” rating and a $700.00 price objective for the company. KeyCorp dropped their target price on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating for the company in a report on Wednesday, August 5th. Wall Street Zen lowered Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $742.00 price objective on shares of Sterling Infrastructure in a report on Wednesday, September 30th. Finally, Zacks Research lowered Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $690.33.

Sterling Infrastructure Stock Down 5.2%

The company has a market cap of $16.34 billion, a PE ratio of 38.51, a P/E/G ratio of 1.97 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 firm’s fifty day simple moving average is $516.97 and its 200-day simple moving average is $617.45.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results on Monday, August 3rd. The construction company reported $5.80 EPS for the quarter, beating 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 business 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% 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 research analysts expect that Sterling Infrastructure, Inc. will post 19.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sterling Infrastructure

Several hedge funds have recently bought and sold shares of the stock. Neville Rodie & Shaw Inc. raised its holdings in shares of Sterling Infrastructure by 86.2% in the third quarter. Neville Rodie & Shaw Inc. now owns 2,621 shares of the construction company’s stock worth $1,289,000 after acquiring an additional 1,213 shares during the last quarter. Cim Investment Management Inc. boosted its stake in shares of Sterling Infrastructure by 304.1% during the second quarter. Cim Investment Management Inc. now owns 7,774 shares of the construction company’s stock valued at $6,525,000 after acquiring an additional 5,850 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Sterling Infrastructure by 29.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 138,884 shares of the construction company’s stock worth $116,574,000 after purchasing an additional 31,182 shares in the last quarter. State Street Corp raised its stake 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. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Sterling Infrastructure by 191.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 97,448 shares of the construction company’s stock worth $81,794,000 after purchasing an additional 63,994 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

About Sterling Infrastructure

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.