Sterling Infrastructure, Inc. (NASDAQ:STRL) Receives Consensus Rating of “Moderate Buy” from Analysts

Sterling Infrastructure, Inc. (NASDAQ:STRL) has been given an average rating of “Moderate Buy” by the five analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $453.00.

Several analysts have issued reports on the company. Stifel Nicolaus set a $486.00 price objective on Sterling Infrastructure and gave the stock a “buy” rating in a report on Wednesday. DA Davidson boosted their price target on Sterling Infrastructure from $355.00 to $460.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Cantor Fitzgerald began coverage on Sterling Infrastructure in a report on Friday, January 23rd. They set an “overweight” rating and a $413.00 target price on the stock. Weiss Ratings raised shares of Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 26th. Finally, Zacks Research lowered Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th.

Sterling Infrastructure Stock Performance

STRL opened at $461.51 on Thursday. The business has a 50 day moving average price of $338.40 and a two-hundred day moving average price of $331.43. The company has a market capitalization of $14.18 billion, a price-to-earnings ratio of 45.10, a price-to-earnings-growth ratio of 2.43 and a beta of 1.51. Sterling Infrastructure has a 1-year low of $96.34 and a 1-year high of $467.68. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.00 and a quick ratio of 1.00.

Sterling Infrastructure declared that its Board of Directors has approved a share buyback plan on Wednesday, November 12th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the construction company to reacquire up to 3.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Insider Transactions at Sterling Infrastructure

In related news, Director Dana C. O’brien sold 2,000 shares of Sterling Infrastructure stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $410.00, for a total transaction of $820,000.00. Following the sale, the director directly owned 11,498 shares of the company’s stock, valued at $4,714,180. This trade represents a 14.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dwayne Andree Wilson sold 2,860 shares of the company’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $350.00, for a total value of $1,001,000.00. Following the completion of the transaction, the director directly owned 14,749 shares of the company’s stock, valued at approximately $5,162,150. This trade represents a 16.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 6,860 shares of company stock worth $2,611,000. 3.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sterling Infrastructure

A number of hedge funds have recently modified their holdings of the stock. Swiss National Bank raised its holdings in shares of Sterling Infrastructure by 1.7% in the fourth quarter. Swiss National Bank now owns 60,000 shares of the construction company’s stock valued at $18,374,000 after buying an additional 1,000 shares during the last quarter. Principal Securities Inc. lifted its stake in Sterling Infrastructure by 42.2% in the fourth quarter. Principal Securities Inc. now owns 5,407 shares of the construction company’s stock valued at $1,656,000 after buying an additional 1,604 shares during the period. Peterson Wealth Services boosted its stake in Sterling Infrastructure by 13,167.6% during the 4th quarter. Peterson Wealth Services now owns 4,909 shares of the construction company’s stock worth $1,503,000 after acquiring an additional 4,872 shares during the last quarter. Logan Capital Management Inc. grew its holdings in shares of Sterling Infrastructure by 9.8% in the 4th quarter. Logan Capital Management Inc. now owns 41,849 shares of the construction company’s stock valued at $12,815,000 after buying an additional 3,726 shares during the period. Finally, Great Valley Advisor Group Inc. increased its holdings in shares of Sterling Infrastructure by 8.1% in the fourth quarter. Great Valley Advisor Group Inc. now owns 8,386 shares of the construction company’s stock worth $2,568,000 after acquiring an additional 625 shares in the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

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.