Brokerages Set Sterling Infrastructure, Inc. (NASDAQ:STRL) PT at $489.33

Sterling Infrastructure, Inc. (NASDAQ:STRL) has earned an average recommendation of “Buy” from the five research firms that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $489.3333.

A number of equities research analysts recently weighed in on STRL shares. Weiss Ratings raised shares of Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. Wall Street Zen raised shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 7th. Cantor Fitzgerald lifted their target price on shares of Sterling Infrastructure from $413.00 to $482.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. Stifel Nicolaus set a $486.00 target price on shares of Sterling Infrastructure and gave the company a “buy” rating in a research report on Wednesday, February 11th. Finally, Zacks Research raised Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 4th.

Insider Activity

In other news, Director Dana C. O’brien sold 2,000 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $410.00, for a total value of $820,000.00. Following the completion of the sale, the director directly owned 11,498 shares of the company’s stock, valued at $4,714,180. This represents a 14.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Dwayne Andree Wilson sold 2,860 shares of the stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $350.00, for a total transaction of $1,001,000.00. Following the completion of the sale, the director owned 14,749 shares in the company, valued at $5,162,150. This represents a 16.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,860 shares of company stock worth $2,611,000 in the last three months. Insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Sterling Infrastructure

Hedge funds have recently bought and sold shares of the company. DUTCH ASSET Corp acquired a new position in shares of Sterling Infrastructure in the 4th quarter valued at $581,000. Hsbc Holdings PLC raised its stake in Sterling Infrastructure by 315.5% during the 4th quarter. Hsbc Holdings PLC now owns 6,162 shares of the construction company’s stock worth $1,904,000 after buying an additional 4,679 shares during the period. Strategic Investment Solutions Inc. IL bought a new position in Sterling Infrastructure during the fourth quarter worth about $61,000. Astoria Portfolio Advisors LLC. lifted its holdings in Sterling Infrastructure by 24.4% during the fourth quarter. Astoria Portfolio Advisors LLC. now owns 852 shares of the construction company’s stock worth $261,000 after acquiring an additional 167 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake in Sterling Infrastructure by 269.2% in the fourth quarter. Pacer Advisors Inc. now owns 9,159 shares of the construction company’s stock valued at $2,805,000 after acquiring an additional 6,678 shares during the period. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Sterling Infrastructure Price Performance

Sterling Infrastructure stock opened at $420.60 on Monday. The business’s 50-day simple moving average is $382.05 and its 200 day simple moving average is $351.54. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.25. The stock has a market cap of $12.89 billion, a price-to-earnings ratio of 44.89, a P/E/G ratio of 2.14 and a beta of 1.48. Sterling Infrastructure has a 12-month low of $96.34 and a 12-month high of $477.03.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Wednesday, February 25th. The construction company reported $3.08 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.45. The firm had revenue of $755.61 million during the quarter, compared to analysts’ expectations of $639.41 million. Sterling Infrastructure had a return on equity of 32.82% and a net margin of 11.65%.Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. As a group, research analysts anticipate that Sterling Infrastructure will post 5.98 earnings per share for the current year.

Sterling Infrastructure announced that its board has approved a share repurchase plan on Wednesday, November 12th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 3.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

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.