Sterling Infrastructure (NASDAQ:STRL) Trading Down 8.1% – Should You Sell?

Sterling Infrastructure, Inc. (NASDAQ:STRL) traded down 8.1% during mid-day trading on Tuesday . The stock traded as low as $553.11 and last traded at $554.76. 652,594 shares changed hands during mid-day trading, an increase of 1% from the average daily volume of 643,561 shares. The stock had previously closed at $603.89.

Wall Street Analyst Weigh In

STRL has been the subject of a number of recent research reports. Cantor Fitzgerald dropped their price objective on shares of Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating for the company in a research note on Wednesday, August 5th. Weiss Ratings lowered Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. Zacks Research cut Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. KeyCorp dropped their price target on Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. Finally, Oppenheimer assumed coverage on Sterling Infrastructure in a report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 price target for the company. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $657.00.

Sterling Infrastructure Trading Down 2.4%

The business’s fifty day moving average price is $688.32 and its 200 day moving average price is $596.66. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $15.96 billion, a PE ratio of 37.74, a P/E/G ratio of 1.94 and a beta of 1.88.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.01 by $0.79. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $969.22 million. The business’s 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, analysts expect that Sterling Infrastructure, Inc. will post 19.11 EPS for the current fiscal year.

Insider Buying and Selling

In related news, General Counsel Mark D. Wolf sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the completion of 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Sterling Infrastructure

A number of large investors have recently modified their holdings of the company. Devon Energy Corp DE purchased a new position in Sterling Infrastructure in the second quarter valued at approximately $548,390,288,000. BlackRock Inc. acquired a new stake in shares of Sterling Infrastructure during the second quarter valued at about $2,713,946,000. Ranger Investment Management L.P. acquired a new stake in Sterling Infrastructure during the 2nd quarter valued at approximately $23,381,000. Jupiter Topco LLC acquired a new stake in shares of Sterling Infrastructure during the second quarter worth approximately $395,056,000. Finally, State Street Corp boosted its stake in Sterling Infrastructure by 62.0% during the 2nd quarter. State Street Corp now owns 1,131,751 shares of the construction company’s stock valued at $261,129,000 after acquiring an additional 433,311 shares during the last quarter. 80.95% of the stock is currently owned by hedge funds and other 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.