Sterling Infrastructure (NASDAQ:STRL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Sterling Infrastructure (NASDAQ:STRL) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Several other equities analysts also recently commented on STRL. KeyCorp upped their price objective on shares of Sterling Infrastructure from $754.00 to $755.00 and gave the company an “overweight” rating in a report on Thursday, October 15th. Zacks Research cut shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $742.00 target price on shares of Sterling Infrastructure in a report on Thursday, October 29th. DA Davidson decreased their price target on shares of Sterling Infrastructure from $700.00 to $680.00 and set a “buy” rating on the stock in a research note on Friday, October 30th. Finally, Weiss Ratings cut shares of Sterling Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, September 9th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $729.83.

Sterling Infrastructure Trading Up 15.0%

Sterling Infrastructure stock opened at $290.67 on Friday. Sterling Infrastructure has a 52 week low of $239.35 and a 52 week high of $1,005.68. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market capitalization of $8.87 billion, a P/E ratio of 14.64, a PEG ratio of 0.53 and a beta of 1.97. The stock has a 50-day simple moving average of $448.41 and a 200 day simple moving average of $548.46.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings data on Wednesday, October 28th. The construction company reported $7.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.20 by $1.38. Sterling Infrastructure had a return on equity of 45.97% and a net margin of 12.85%. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.19 billion. The business’s quarterly revenue was up 127.0% compared to the same quarter last year. Analysts expect that Sterling Infrastructure will post 20.96 earnings per share for the current year.

Hedge Funds Weigh In On Sterling Infrastructure

A number of hedge funds have recently bought and sold shares of STRL. Intech Investment Management LLC raised its stake in Sterling Infrastructure by 46.7% in the 3rd quarter. Intech Investment Management LLC now owns 2,114 shares of the construction company’s stock worth $1,040,000 after purchasing an additional 673 shares in the last quarter. Thoroughbred Financial Services LLC grew its position in shares of Sterling Infrastructure by 6.4% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 13,418 shares of the construction company’s stock worth $6,598,000 after purchasing an additional 810 shares in the last quarter. Hantz Financial Services Inc. grew its position in shares of Sterling Infrastructure by 35.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,793 shares of the construction company’s stock worth $882,000 after purchasing an additional 470 shares in the last quarter. Channel Wealth LLC bought a new position in shares of Sterling Infrastructure during the third quarter worth approximately $294,000. Finally, GKV Capital Management Co. Inc. increased its holdings in shares of Sterling Infrastructure by 465.4% during the third quarter. GKV Capital Management Co. Inc. now owns 5,682 shares of the construction company’s stock worth $2,794,000 after purchasing an additional 4,677 shares during the period. 80.95% of the stock is owned by institutional investors.

Sterling Infrastructure Company Profile

Sterling Infrastructure, Inc (NASDAQ: STRL) is a U.S.-based construction company that delivers infrastructure and building services through its E-Infrastructure Solutions, Transportation Solutions and Building Solutions segments.

E-Infrastructure Solutions provides site development and related services for data centers, manufacturing facilities, distribution centers and other large-scale projects. Transportation Solutions builds and improves public infrastructure, including roads and bridges, while Building Solutions focuses on concrete foundations and other construction services for residential and commercial customers.

Formerly known as Sterling Construction Company, the business traces its roots to 1955 and adopted the Sterling Infrastructure name in 2022.