Sterling Infrastructure (NASDAQ:STRL) Stock Rating Reaffirmed as Overweight by Cantor Fitzgerald

Sterling Infrastructure (NASDAQ:STRL)‘s stock had its “overweight” rating reaffirmed by stock analysts at Cantor Fitzgerald in a research report issued to clients and investors on Wednesday, Benzinga reports. They currently have a $742.00 target price on the construction company’s stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 41.69% from the stock’s previous close.

A number of other analysts have also weighed in on the stock. DA Davidson initiated coverage on shares of Sterling Infrastructure in a research report on Friday, August 21st. They issued a “buy” rating and a $700.00 target price on the stock. Zacks Research lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Wall Street Zen lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 5th. Weiss Ratings lowered shares of Sterling Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, September 9th. Finally, KeyCorp reduced 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. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Sterling Infrastructure has a consensus rating of “Moderate Buy” and a consensus target price of $690.33.

Sterling Infrastructure Price Performance

Shares of Sterling Infrastructure stock traded down $9.75 during midday trading on Wednesday, hitting $523.68. 275,375 shares of the company traded hands, compared to its average volume of 623,756. The firm’s fifty day moving average price is $517.88 and its 200-day moving average price is $615.04. The stock has a market cap of $16.02 billion, a price-to-earnings ratio of 37.73, a PEG ratio of 1.86 and a beta of 1.86. Sterling Infrastructure has a 12 month low of $281.58 and a 12 month high of $1,005.68. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.11 and a current ratio of 1.11.

Sterling Infrastructure (NASDAQ:STRL) last issued its earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $969.22 million. The company’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 will post 19.1 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Signature Equity Partners LLC raised its stake 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 purchasing an additional 17 shares in the last quarter. World Investment Advisors raised its stake in 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 in the last quarter. TD Waterhouse Canada Inc. raised its stake in 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 in the last quarter. Ritholtz Wealth Management raised its stake in Sterling Infrastructure by 3.6% in the first quarter. Ritholtz Wealth Management now owns 686 shares of the construction company’s stock valued at $279,000 after purchasing an additional 24 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Sterling Infrastructure by 43.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 79 shares of the construction company’s stock valued at $66,000 after purchasing an additional 24 shares in the last quarter. 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.