Sterling Infrastructure (NASDAQ:STRL) Trading 2.3% Higher – What’s Next?

Sterling Infrastructure, Inc. (NASDAQ:STRL)’s share price shot up 2.3% during mid-day trading on Wednesday . The company traded as high as $499.00 and last traded at $497.41. Approximately 432,915 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 640,396 shares. The stock had previously closed at $486.39.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Zacks Research cut Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Wall Street Zen raised Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research report on Monday. Oppenheimer initiated coverage on Sterling Infrastructure in a research report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 price objective on the stock. KeyCorp decreased their target price on Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating for the company in a report on Wednesday, August 5th. Finally, DA Davidson began coverage on Sterling Infrastructure in a research note on Friday, August 21st. They issued a “buy” rating and a $700.00 price target for the company. Seven investment 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $690.33.

Sterling Infrastructure Stock Up 2.3%

The firm has a market cap of $15.22 billion, a PE ratio of 35.86, a PEG ratio of 1.73 and a beta of 1.88. The stock has a 50 day simple moving average of $660.29 and a 200-day simple moving average of $600.51. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.11 and a quick ratio of 1.11.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, topping analysts’ consensus estimates of $5.01 by $0.79. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $969.22 million. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. Sterling Infrastructure’s 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 19.14 EPS for the current fiscal year.

Insider Buying and Selling

In related news, General Counsel Mark D. Wolf sold 2,500 shares of the firm’s stock in a transaction 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 transaction, the general counsel directly owned 28,137 shares of the company’s stock, valued at approximately $24,985,656. This trade represents a 8.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Sterling Infrastructure

Institutional investors and hedge funds have recently bought and sold shares of the business. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Sterling Infrastructure in the 2nd quarter worth approximately $7,211,000. California State Teachers Retirement System grew its holdings in Sterling Infrastructure by 81,481.8% during the 2nd quarter. California State Teachers Retirement System now owns 29,173,636 shares of the construction company’s stock valued at $24,487,183,000 after buying an additional 29,137,876 shares in the last quarter. HB Wealth Management LLC raised its position in shares of Sterling Infrastructure by 7.4% during the second quarter. HB Wealth Management LLC now owns 1,252 shares of the construction company’s stock valued at $1,051,000 after buying an additional 86 shares during the last quarter. Compass Financial Management LLC bought a new stake in shares of Sterling Infrastructure during the second quarter valued at approximately $1,016,000. Finally, TD Waterhouse Canada Inc. lifted its holdings 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 worth $59,000 after buying an additional 20 shares in the last quarter. 80.95% of the stock is owned by institutional investors.

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.