Sterling Infrastructure (NASDAQ:STRL) Trading Down 9.8% – Here’s Why

Sterling Infrastructure, Inc. (NASDAQ:STRL) traded down 9.8% during trading on Monday . The company traded as low as $772.82 and last traded at $765.7660. 307,242 shares were traded during mid-day trading, a decline of 42% from the average session volume of 530,722 shares. The stock had previously closed at $848.84.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on STRL. KeyCorp raised their price target on Sterling Infrastructure from $572.00 to $889.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Wall Street Zen downgraded Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 28th. Zacks Research downgraded Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Cantor Fitzgerald raised their price target on Sterling Infrastructure from $482.00 to $956.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Finally, Stifel Nicolaus set a $486.00 price objective on shares of Sterling Infrastructure and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Sterling Infrastructure currently has a consensus rating of “Moderate Buy” and a consensus price target of $668.20.

Sterling Infrastructure Trading Down 10.3%

The stock has a market cap of $23.37 billion, a PE ratio of 67.79, a P/E/G ratio of 3.14 and a beta of 1.64. The business’s fifty day moving average is $511.09 and its 200 day moving average is $412.32. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.23.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings data on Monday, May 4th. The construction company reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $1.30. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. The firm had revenue of $825.68 million for the quarter, compared to the consensus estimate of $603.58 million. During the same quarter in the previous year, the firm earned $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, analysts predict that Sterling Infrastructure, Inc. will post 18.01 earnings per share for the current year.

Insider Activity

In other news, CEO Joseph A. Cutillo sold 50,000 shares of the company’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $497.57, for a total value of $24,878,500.00. Following the sale, the chief executive officer directly owned 290,593 shares in the company, valued at $144,590,359.01. This represents a 14.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sterling Infrastructure

Institutional investors and hedge funds have recently modified their holdings of the company. Root Financial Partners LLC purchased a new stake in Sterling Infrastructure during the 3rd quarter worth $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Sterling Infrastructure in the 3rd quarter valued at $28,000. Fifth Third Bancorp boosted its position in shares of Sterling Infrastructure by 76.1% in the 3rd quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock valued at $28,000 after purchasing an additional 35 shares during the period. Cedar Mountain Advisors LLC boosted its stake in Sterling Infrastructure by 8,000.0% in the 1st 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, NFSG Corp boosted its stake in Sterling Infrastructure by 578.6% in the 1st quarter. NFSG Corp now owns 95 shares of the construction company’s stock worth $39,000 after purchasing an additional 81 shares during the period. Hedge funds and other 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.