Sterling Infrastructure (NASDAQ:STRL) Upgraded by KeyCorp to Strong-Buy Rating

KeyCorp upgraded shares of Sterling Infrastructure (NASDAQ:STRL) to a strong-buy rating in a research report released on Thursday morning,Zacks.com reports.

STRL has been the subject of a number of other research reports. Cantor Fitzgerald boosted their target price on shares of Sterling Infrastructure from $413.00 to $482.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. Stifel Nicolaus set a $486.00 target price on shares of Sterling Infrastructure and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Wall Street Zen cut shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 28th. DA Davidson boosted their target price on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Finally, Weiss Ratings raised shares of Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. Two analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $510.00.

Sterling Infrastructure Trading Up 1.6%

Shares of Sterling Infrastructure stock opened at $495.67 on Thursday. The firm has a 50-day simple moving average of $429.45 and a two-hundred day simple moving average of $376.14. The company has a market cap of $15.21 billion, a P/E ratio of 52.90, a price-to-earnings-growth ratio of 2.51 and a beta of 1.51. Sterling Infrastructure has a fifty-two week low of $139.20 and a fifty-two week high of $504.05. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.01 and a current ratio of 1.01.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings data on Wednesday, February 25th. The construction company reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.45. The business had revenue of $755.61 million during the quarter, compared to the consensus estimate of $639.41 million. Sterling Infrastructure had a net margin of 11.65% and a return on equity of 32.82%. Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. As a group, equities analysts predict that Sterling Infrastructure will post 12.95 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Dana C. O’brien sold 2,000 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $410.00, for a total transaction of $820,000.00. Following the completion of the sale, the director owned 11,498 shares of the company’s stock, valued at approximately $4,714,180. This represents a 14.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joseph A. Cutillo sold 50,000 shares of the company’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $453.48, for a total transaction of $22,674,000.00. Following the sale, the chief executive officer directly owned 340,593 shares of the company’s stock, valued at approximately $154,452,113.64. This represents a 12.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 54,000 shares of company stock valued at $24,284,000. 1.60% of the stock is owned by corporate insiders.

Institutional Trading of Sterling Infrastructure

Several large investors have recently bought and sold shares of the business. Apollon Wealth Management LLC grew its stake in Sterling Infrastructure by 38.9% during the 1st quarter. Apollon Wealth Management LLC now owns 2,763 shares of the construction company’s stock valued at $1,125,000 after acquiring an additional 774 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Sterling Infrastructure by 36.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 5,087 shares of the construction company’s stock valued at $2,072,000 after acquiring an additional 1,359 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in Sterling Infrastructure by 9.9% during the 1st quarter. Pictet Asset Management Holding SA now owns 4,947 shares of the construction company’s stock valued at $2,015,000 after acquiring an additional 445 shares in the last quarter. Clarus Group Inc. purchased a new stake in Sterling Infrastructure during the 1st quarter valued at about $204,000. Finally, Louisiana State Employees Retirement System purchased a new stake in Sterling Infrastructure during the 1st quarter valued at about $3,625,000. 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.