KeyCorp Upgrades Sterling Infrastructure (NASDAQ:STRL) to “Strong-Buy”

Sterling Infrastructure (NASDAQ:STRL) was upgraded by equities researchers at KeyCorp to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

A number of other research analysts also recently issued reports on STRL. Weiss Ratings raised Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 26th. Zacks Research upgraded Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 4th. DA Davidson upped their price objective on Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Stifel Nicolaus set a $486.00 price objective on Sterling Infrastructure and gave the company a “buy” rating in a research report on Wednesday, February 11th. Finally, Cantor Fitzgerald upped their price objective on Sterling Infrastructure from $413.00 to $482.00 and gave the company an “overweight” rating in a research report on Monday, March 2nd. Two investment analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $510.00.

Sterling Infrastructure Trading Up 0.3%

Shares of NASDAQ:STRL opened at $497.18 on Thursday. The company has a market cap of $15.25 billion, a P/E ratio of 53.06, a PEG ratio of 2.55 and a beta of 1.51. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.01 and a quick ratio of 1.01. Sterling Infrastructure has a 1 year low of $143.20 and a 1 year high of $512.36. The stock’s fifty day moving average price is $430.64 and its 200-day moving average price is $377.15.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings results on Wednesday, February 25th. The construction company reported $3.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.63 by $0.45. The firm had revenue of $755.61 million for the quarter, compared to the consensus estimate 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. Sell-side analysts expect that Sterling Infrastructure will post 12.95 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Dana C. O’brien sold 2,000 shares of the company’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $410.00, for a total transaction of $820,000.00. Following the completion of the sale, the director owned 11,498 shares in the company, valued at approximately $4,714,180. This represents a 14.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joseph A. Cutillo sold 50,000 shares of the company’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $497.57, for a total value of $24,878,500.00. Following the sale, the chief executive officer owned 290,593 shares of the company’s stock, valued at approximately $144,590,359.01. This trade represents a 14.68% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 104,000 shares of company stock valued at $49,162,500. 1.60% of the stock is owned by company insiders.

Institutional Trading of Sterling Infrastructure

A number of hedge funds and other institutional investors have recently bought and sold shares of STRL. Empowered Funds LLC purchased a new stake in Sterling Infrastructure in the first quarter worth about $378,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Sterling Infrastructure by 12.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 83,983 shares of the construction company’s stock worth $9,508,000 after buying an additional 9,625 shares in the last quarter. Focus Partners Wealth increased its position in Sterling Infrastructure by 13.7% in the first quarter. Focus Partners Wealth now owns 2,313 shares of the construction company’s stock worth $262,000 after buying an additional 279 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Sterling Infrastructure in the second quarter worth about $5,929,000. Finally, Cerity Partners LLC increased its position in Sterling Infrastructure by 195.7% in the second quarter. Cerity Partners LLC now owns 19,522 shares of the construction company’s stock worth $4,504,000 after buying an additional 12,921 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

About Sterling Infrastructure

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.