Sterling Infrastructure (NASDAQ:STRL) Downgraded to “Buy” Rating by Wall Street Zen

Wall Street Zen cut shares of Sterling Infrastructure (NASDAQ:STRL) from a strong-buy rating to a buy rating in a research report released on Sunday.

STRL has been the topic of a number of other reports. Weiss Ratings downgraded Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Oppenheimer started coverage on Sterling Infrastructure in a report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 target price for the company. KeyCorp cut their target price on Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. Cantor Fitzgerald cut their target price on Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. Finally, Zacks Research lowered Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Sterling Infrastructure currently has a consensus rating of “Moderate Buy” and an average target price of $657.00.

Sterling Infrastructure Stock Performance

Sterling Infrastructure stock opened at $576.48 on Friday. The company’s 50-day moving average price is $704.54 and its 200-day moving average price is $592.66. 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 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.19. The company has a market cap of $17.63 billion, a PE ratio of 41.56, a price-to-earnings-growth ratio of 2.01 and a beta of 1.88.

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, 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 firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $969.22 million. Sterling Infrastructure’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. On average, equities research analysts forecast that Sterling Infrastructure will post 19.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 2,500 shares of the firm’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 completion of the sale, the general counsel owned 28,137 shares of the company’s stock, valued at $24,985,656. This trade represents a 8.16% 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 hyperlink. 1.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Wellington Shields & Co. LLC purchased a new stake in shares of Sterling Infrastructure in the second quarter worth approximately $29,000. Kemnay Advisory Services Inc. purchased a new position in Sterling Infrastructure during the 4th quarter valued at $31,000. EverSource Wealth Advisors LLC boosted its holdings in Sterling Infrastructure by 33.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock valued at $33,000 after acquiring an additional 27 shares during the period. Cedar Mountain Advisors LLC boosted its holdings in Sterling Infrastructure by 8,000.0% during the 1st quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company’s stock valued at $33,000 after acquiring an additional 80 shares during the period. Finally, Rakuten Securities Inc. grew its position in Sterling Infrastructure by 6,950.0% in the 2nd quarter. Rakuten Securities Inc. now owns 141 shares of the construction company’s stock valued at $33,000 after acquiring an additional 139 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.