Sterling Infrastructure (NASDAQ:STRL) Stock Price Down 3.9% – Here’s Why

Sterling Infrastructure, Inc. (NASDAQ:STRL)’s share price dropped 3.9% during trading on Monday . The company traded as low as $483.68 and last traded at $496.66. 673,001 shares were traded during mid-day trading, an increase of 5% from the average session volume of 642,390 shares. The stock had previously closed at $516.81.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on STRL. Cantor Fitzgerald reduced their target price on Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating for the company in a research note on Wednesday, August 5th. DA Davidson assumed coverage on shares of Sterling Infrastructure in a research note on Friday. They issued a “buy” rating and a $700.00 price target on the stock. Wall Street Zen upgraded shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research report on Monday. KeyCorp decreased their price objective on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. Finally, Weiss Ratings lowered shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Sterling Infrastructure currently has a consensus rating of “Moderate Buy” and a consensus target price of $690.33.

Sterling Infrastructure Price Performance

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 stock has a market capitalization of $15.19 billion, a PE ratio of 35.81, a PEG ratio of 1.80 and a beta of 1.88. The company has a 50-day moving average of $675.12 and a 200 day moving average of $598.85.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 EPS for the quarter, beating the consensus estimate of $5.01 by $0.79. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $969.22 million. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.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. Sell-side analysts predict that Sterling Infrastructure, Inc. will post 19.15 EPS for the current year.

Insider Activity at Sterling Infrastructure

In other news, General Counsel Mark D. Wolf sold 2,500 shares of the 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 directly owned 28,137 shares in the company, valued at $24,985,656. This represents a 8.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sterling Infrastructure

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Engle Capital Management L.P. grew its position in shares of 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 purchasing an additional 16,167 shares in the last quarter. Northwestern Mutual Investment Management Company LLC purchased a new position in Sterling Infrastructure during the fourth quarter worth approximately $2,105,000. Private Advisor Group LLC lifted its position in Sterling Infrastructure by 28.2% during the first quarter. Private Advisor Group LLC now owns 7,099 shares of the construction company’s stock worth $2,891,000 after buying an additional 1,561 shares in the last quarter. Ranger Investment Management L.P. acquired a new position in Sterling Infrastructure during the first quarter worth $21,844,000. Finally, Truist Financial Corp boosted its stake in Sterling Infrastructure by 30.8% during the fourth quarter. Truist Financial Corp now owns 5,005 shares of the construction company’s stock worth $1,533,000 after buying an additional 1,179 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

About Sterling Infrastructure

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.