Cantor Fitzgerald Reaffirms Overweight Rating for Sterling Infrastructure (NASDAQ:STRL)

Sterling Infrastructure (NASDAQ:STRL)‘s stock had its “overweight” rating reaffirmed by stock analysts at Cantor Fitzgerald in a research note issued on Wednesday, Benzinga reports. They presently have a $742.00 price objective on the construction company’s stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 48.81% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings downgraded Sterling Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, September 9th. Stifel Nicolaus decreased their price target on Sterling Infrastructure from $804.00 to $742.00 and set a “buy” rating on the stock in a report on Thursday, October 8th. Wall Street Zen lowered Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. Zacks Research cut Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Finally, KeyCorp cut 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 report on Wednesday, August 5th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Sterling Infrastructure currently has an average rating of “Moderate Buy” and a consensus price target of $733.00.

Sterling Infrastructure Price Performance

Shares of STRL stock opened at $498.61 on Wednesday. Sterling Infrastructure has a 1 year low of $281.58 and a 1 year high of $1,005.68. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.19. The firm’s 50 day moving average is $510.98 and its 200-day moving average is $619.62. The firm has a market capitalization of $15.25 billion, a price-to-earnings ratio of 35.95, a PEG ratio of 1.75 and a beta of 1.86.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings results 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 net margin of 12.55% and a return on equity of 40.12%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $969.22 million. The company’s quarterly 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. Sell-side analysts forecast that Sterling Infrastructure will post 19.10 EPS for the current fiscal year.

Institutional Investors Weigh In On Sterling Infrastructure

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STRL. Wellington Shields & Co. LLC acquired a new stake in shares of Sterling Infrastructure in the 2nd quarter valued at approximately $29,000. Persistent Asset Partners Ltd bought a new position in shares of Sterling Infrastructure in the second quarter valued at $40,000. MassMutual Private Wealth & Trust FSB increased its holdings in Sterling Infrastructure by 100.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 60 shares of the construction company’s stock worth $50,000 after buying an additional 30 shares during the last quarter. TD Waterhouse Canada Inc. increased its holdings in Sterling Infrastructure by 35.7% during the second quarter. TD Waterhouse Canada Inc. now owns 76 shares of the construction company’s stock worth $59,000 after buying an additional 20 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Sterling Infrastructure by 43.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 79 shares of the construction company’s stock worth $66,000 after acquiring an additional 24 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Company Profile

Sterling Infrastructure, Inc is an infrastructure services company that provides construction and rehabilitation solutions for public and private-sector customers in the United States. Formerly known as Sterling Construction Company, the company adopted its current name to reflect the expansion of its business beyond traditional transportation construction.

The company operates through three principal business segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions.