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 report sent to investors on Monday.

Several other equities research analysts also recently issued reports on the company. KeyCorp cut their price target on Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating for the company in a report on Wednesday, August 5th. Cantor Fitzgerald decreased their price objective on shares of Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. Weiss Ratings cut shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. DA Davidson began coverage on shares of Sterling Infrastructure in a report on Friday, August 21st. They set a “buy” rating and a $700.00 target price for the company. Finally, Oppenheimer started coverage on shares of Sterling Infrastructure in a research note on Thursday, May 28th. They issued an “outperform” rating and a $950.00 price target on the stock. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $690.33.

Sterling Infrastructure Price Performance

Shares of NASDAQ STRL opened at $497.41 on Monday. 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 business’s 50 day moving average price is $653.47 and its two-hundred day moving average price is $601.45. The company has a market cap of $15.22 billion, a PE ratio of 35.86, a price-to-earnings-growth ratio of 1.69 and a beta of 1.88. Sterling Infrastructure has a twelve month low of $266.13 and a twelve month high of $1,005.68.

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

Insider Buying and Selling

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 2,500 shares of the stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the transaction, the general counsel owned 28,137 shares in the company, valued at $24,985,656. This trade represents a 8.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sterling Infrastructure

Institutional investors have recently modified their holdings of the business. Wellington Shields & Co. LLC acquired a new stake in Sterling Infrastructure in the 2nd quarter worth about $29,000. Kemnay Advisory Services Inc. acquired a new position in shares of Sterling Infrastructure during the 4th quarter worth approximately $31,000. EverSource Wealth Advisors LLC grew its position in shares of Sterling Infrastructure by 33.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock worth $33,000 after purchasing an additional 27 shares in the last quarter. Cedar Mountain Advisors LLC increased its holdings in shares of Sterling Infrastructure by 8,000.0% during the first quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company’s stock worth $33,000 after purchasing an additional 80 shares during the period. Finally, Rakuten Securities Inc. increased its holdings in shares of Sterling Infrastructure by 6,950.0% during the second quarter. Rakuten Securities Inc. now owns 141 shares of the construction company’s stock worth $33,000 after purchasing an additional 139 shares during the period. 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.