Sterling Infrastructure, Inc. (NASDAQ:STRL) Stock Has Consensus Price Target of $690.33 According to Analysts

Sterling Infrastructure, Inc. (NASDAQ:STRL) has earned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $690.33.

Several equities research analysts have issued reports on STRL shares. Oppenheimer assumed coverage on shares of Sterling Infrastructure in a report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 price target on the stock. DA Davidson started coverage on shares of Sterling Infrastructure in a research report on Friday, August 21st. They set a “buy” rating and a $700.00 target price on the stock. Cantor Fitzgerald lowered their target price on shares of Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 5th. Wall Street Zen lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. Finally, Zacks Research cut shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th.

Hedge Funds Weigh In On Sterling Infrastructure

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its position in shares of Sterling Infrastructure by 29.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 138,884 shares of the construction company’s stock worth $116,574,000 after buying an additional 31,182 shares during the period. State Street Corp grew its position in Sterling Infrastructure by 290.7% in the second quarter. State Street Corp now owns 4,253,073 shares of the construction company’s stock valued at $3,569,859,000 after acquiring an additional 3,164,551 shares during the period. The Manufacturers Life Insurance Company raised its stake in Sterling Infrastructure by 191.3% during the second quarter. The Manufacturers Life Insurance Company now owns 97,448 shares of the construction company’s stock worth $81,794,000 after acquiring an additional 63,994 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in Sterling Infrastructure by 435.6% during the second quarter. Sequoia Financial Advisors LLC now owns 5,110 shares of the construction company’s stock worth $4,289,000 after acquiring an additional 4,156 shares in the last quarter. Finally, Tidal Investments LLC lifted its holdings in shares of Sterling Infrastructure by 111.9% during the second quarter. Tidal Investments LLC now owns 123,759 shares of the construction company’s stock valued at $103,878,000 after acquiring an additional 65,361 shares during the period. Institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Price Performance

Shares of STRL stock opened at $513.72 on Friday. Sterling Infrastructure has a 12 month low of $281.58 and a 12 month high of $1,005.68. The company has a market capitalization of $15.71 billion, a P/E ratio of 37.04, a P/E/G ratio of 1.80 and a beta of 1.85. The stock has a 50 day moving average of $538.58 and a two-hundred day moving average of $610.94. 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 (NASDAQ:STRL) last released its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.01 by $0.79. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $969.22 million. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.The firm’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. As a group, equities analysts expect that Sterling Infrastructure will post 19.1 EPS for the current year.

Sterling Infrastructure Company Profile

Sterling Infrastructure, Inc provides infrastructure, engineering and construction services across the United States. The company serves public and private-sector customers through three primary business segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions.

Its E-Infrastructure Solutions segment develops and builds large-scale infrastructure for data centers, advanced manufacturing facilities, energy and communications projects, and other complex industrial sites.