Sterling Infrastructure (NASDAQ:STRL) Trading Down 2.1% – Here’s Why

Sterling Infrastructure, Inc. (NASDAQ:STRL) shares fell 2.1% during mid-day trading on Tuesday . The company traded as low as $480.58 and last traded at $486.39. Approximately 522,671 shares were traded during trading, a decline of 19% from the average daily volume of 641,660 shares. The stock had previously closed at $496.66.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. KeyCorp cut their target price 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. Weiss Ratings downgraded shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Zacks Research lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. DA Davidson started coverage on shares of Sterling Infrastructure in a research note on Friday. They issued a “buy” rating and a $700.00 price objective on the stock. Finally, Wall Street Zen raised shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a report on Monday. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $690.33.

Sterling Infrastructure Trading Down 2.1%

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’s fifty day moving average price is $667.71 and its two-hundred day moving average price is $599.62. The firm has a market cap of $14.88 billion, a PE ratio of 35.07, a P/E/G ratio of 1.80 and a beta of 1.88.

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

Insider Activity

In other news, General Counsel Mark D. Wolf sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The stock was 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 of the company’s stock, valued at $24,985,656. This trade represents a 8.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of STRL. Signature Equity Partners LLC lifted its holdings in Sterling Infrastructure by 19.5% in the first quarter. Signature Equity Partners LLC now owns 104 shares of the construction company’s stock valued at $42,000 after acquiring an additional 17 shares during the period. World Investment Advisors lifted its stake in shares of Sterling Infrastructure by 2.4% in the first quarter. World Investment Advisors now owns 870 shares of the construction company’s stock valued at $354,000 after purchasing an additional 20 shares during the period. TD Waterhouse Canada Inc. lifted its stake in shares of Sterling Infrastructure by 35.7% in the second quarter. TD Waterhouse Canada Inc. now owns 76 shares of the construction company’s stock valued at $59,000 after purchasing an additional 20 shares during the period. Ritholtz Wealth Management boosted its holdings in Sterling Infrastructure by 3.6% during the first quarter. Ritholtz Wealth Management now owns 686 shares of the construction company’s stock worth $279,000 after buying an additional 24 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Sterling Infrastructure by 43.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 79 shares of the construction company’s stock worth $66,000 after buying an additional 24 shares in the last quarter. Hedge funds and other 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.