Brokerages Set Sterling Infrastructure, Inc. (NASDAQ:STRL) PT at $690.33

Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) have been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $690.3333.

A number of equities research analysts have recently commented on STRL shares. Wall Street Zen cut shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Oppenheimer initiated coverage on shares of Sterling Infrastructure in a research note on Thursday, May 28th. They set an “outperform” rating and a $950.00 price objective for the company. DA Davidson started coverage on shares of Sterling Infrastructure in a report on Friday, August 21st. They issued a “buy” rating and a $700.00 price objective for the company. KeyCorp decreased their target price on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 5th. Finally, Weiss Ratings lowered Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th.

Sterling Infrastructure Price Performance

Shares of STRL opened at $486.49 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.11 and a current ratio of 1.11. Sterling Infrastructure has a one year low of $270.00 and a one year high of $1,005.68. The stock has a market capitalization of $14.88 billion, a price-to-earnings ratio of 35.08, a PEG ratio of 1.69 and a beta of 1.85. The stock has a 50 day moving average price of $597.56 and a 200 day moving average price of $603.78.

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

Insiders Place Their Bets

In other Sterling Infrastructure news, General Counsel Mark Wolf sold 2,500 shares of the business’s 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 of the company’s stock, valued at approximately $24,985,656. The trade was a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of STRL. Empowered Funds LLC acquired a new stake in Sterling Infrastructure during the first quarter worth about $378,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Sterling Infrastructure by 12.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 83,983 shares of the construction company’s stock valued at $9,508,000 after buying an additional 9,625 shares during the period. Focus Partners Wealth grew its stake in shares of Sterling Infrastructure by 13.7% in the 1st quarter. Focus Partners Wealth now owns 2,313 shares of the construction company’s stock valued at $262,000 after buying an additional 279 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Sterling Infrastructure during the 2nd quarter worth approximately $5,929,000. Finally, Cerity Partners LLC increased its holdings in shares of Sterling Infrastructure by 195.7% during the 2nd quarter. Cerity Partners LLC now owns 19,522 shares of the construction company’s stock worth $4,504,000 after buying an additional 12,921 shares during the last quarter. Institutional investors and hedge funds 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.