Sterling Infrastructure (NASDAQ:STRL) Stock Price Down 12.2% – Here’s What Happened

Sterling Infrastructure, Inc. (NASDAQ:STRL) shares dropped 12.2% on Tuesday . The company traded as low as $562.97 and last traded at $556.9570. Approximately 106,018 shares changed hands during trading, a decline of 83% from the average session volume of 607,954 shares. The stock had previously closed at $634.63.

Analysts Set New Price Targets

STRL has been the subject of a number of recent analyst reports. Zacks Research raised shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 1st. Wall Street Zen downgraded Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Weiss Ratings lowered shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. Oppenheimer assumed coverage on shares of Sterling Infrastructure in a research note on Thursday, May 28th. They set an “outperform” rating and a $950.00 price target for the company. Finally, KeyCorp raised their target price on Sterling Infrastructure from $889.00 to $922.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $720.67.

Sterling Infrastructure Stock Performance

The business has a 50 day moving average of $771.21 and a 200-day moving average of $574.31. The company has a market capitalization of $15.17 billion, a P/E ratio of 44.21, a price-to-earnings-growth ratio of 1.97 and a beta of 1.83. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.10.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share for the quarter, beating the consensus estimate of $2.29 by $1.30. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.The firm had revenue of $825.67 million for the quarter, compared to analysts’ expectations of $603.58 million. During the same period in the prior year, the business posted $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. On average, sell-side analysts predict that Sterling Infrastructure, Inc. will post 18.24 EPS for the current fiscal year.

Insider Activity at Sterling Infrastructure

In other news, General Counsel Mark D. Wolf sold 2,500 shares of the company’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $888.00, for a total value of $2,220,000.00. Following the transaction, the general counsel owned 28,137 shares of the company’s stock, valued at approximately $24,985,656. This represents a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by company insiders.

Institutional Trading of Sterling Infrastructure

Institutional investors and hedge funds have recently modified their holdings of the business. Handelsbanken Fonder AB increased its position in shares of Sterling Infrastructure by 10.3% in the second quarter. Handelsbanken Fonder AB now owns 9,880 shares of the construction company’s stock worth $8,293,000 after purchasing an additional 920 shares during the last quarter. Redhawk Wealth Advisors Inc. lifted its position in Sterling Infrastructure by 10.4% during the second quarter. Redhawk Wealth Advisors Inc. now owns 1,454 shares of the construction company’s stock valued at $1,220,000 after purchasing an additional 137 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new stake in Sterling Infrastructure during the second quarter worth about $212,000. Hennion & Walsh Asset Management Inc. lifted its stake in Sterling Infrastructure by 13.6% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 11,939 shares of the construction company’s stock worth $10,021,000 after purchasing an additional 1,426 shares during the last quarter. Finally, Valeo Financial Advisors LLC purchased a new position in shares of Sterling Infrastructure in the 2nd quarter worth about $1,889,000. 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.