Sterling Infrastructure (NASDAQ:STRL) Given Overweight Rating at Cantor Fitzgerald

Sterling Infrastructure (NASDAQ:STRL)‘s stock had its “overweight” rating reissued by research analysts at Cantor Fitzgerald in a research note issued on Wednesday, Benzinga reports. They currently have a $742.00 price target on the construction company’s stock. Cantor Fitzgerald’s price objective indicates a potential upside of 53.74% from the stock’s current price.

STRL has been the subject of several other reports. Weiss Ratings lowered shares of Sterling Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, September 9th. Stifel Nicolaus dropped their price target on shares of Sterling Infrastructure from $804.00 to $742.00 and set a “buy” rating on the stock in a research report on Thursday, October 8th. Wall Street Zen lowered Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 5th. KeyCorp dropped their price target 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, Zacks Research lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sterling Infrastructure presently has a consensus rating of “Moderate Buy” and an average target price of $733.00.

Sterling Infrastructure Stock Performance

Shares of NASDAQ STRL traded down $15.99 during trading on Wednesday, reaching $482.62. 44,350 shares of the company traded hands, compared to its average volume of 620,210. The stock has a market cap of $14.76 billion, a P/E ratio of 34.93, a PEG ratio of 1.75 and a beta of 1.86. The firm’s fifty day simple moving average is $510.98 and its 200 day simple moving average is $619.62. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.19. Sterling Infrastructure has a 12-month low of $281.58 and a 12-month high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL) last posted its earnings results on Monday, August 3rd. The construction company reported $5.80 EPS for the quarter, topping the consensus estimate of $5.01 by $0.79. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $969.22 million. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%. The firm’s revenue for the quarter was up 90.4% on a year-over-year basis. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. As a group, research analysts anticipate that Sterling Infrastructure will post 19.10 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sterling Infrastructure

Several hedge funds and other institutional investors have recently modified their holdings of the business. Engle Capital Management L.P. lifted its stake in shares of Sterling Infrastructure by 156.5% in the 1st quarter. Engle Capital Management L.P. now owns 26,500 shares of the construction company’s stock valued at $10,793,000 after purchasing an additional 16,167 shares during the last quarter. Jupiter Topco LLC acquired a new stake in shares of Sterling Infrastructure during the 2nd quarter worth about $395,056,000. Equitable Holdings Inc. acquired a new stake in shares of Sterling Infrastructure during the 2nd quarter worth about $5,012,000. The Manufacturers Life Insurance Company increased its position in shares of Sterling Infrastructure by 191.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 97,448 shares of the construction company’s stock worth $81,794,000 after purchasing an additional 63,994 shares during the last quarter. Finally, Deutsche Bank AG purchased a new stake in Sterling Infrastructure in the 2nd quarter valued at about $18,337,000. 80.95% of the stock is owned by hedge funds and other institutional investors.

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.