Sterling Infrastructure, Inc. (NASDAQ:STRL) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) have earned an average rating of “Buy” from the eight brokerages that are presently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $720.6667.

STRL has been the topic of a number of recent research reports. Weiss Ratings raised Sterling Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 6th. Oppenheimer assumed coverage on Sterling Infrastructure in a report on Thursday, May 28th. They set an “outperform” rating and a $950.00 target price for the company. KeyCorp raised their price target on Sterling Infrastructure from $889.00 to $922.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Wall Street Zen cut Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Finally, Zacks Research raised Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 1st.

Sterling Infrastructure Price Performance

Shares of Sterling Infrastructure stock opened at $641.35 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.10. Sterling Infrastructure has a 52-week low of $230.00 and a 52-week high of $1,005.68. The company has a fifty day moving average of $804.41 and a 200-day moving average of $553.58. The stock has a market capitalization of $19.68 billion, a price-to-earnings ratio of 57.37, a price-to-earnings-growth ratio of 2.43 and a beta of 1.83.

Sterling Infrastructure (NASDAQ:STRL) last issued its earnings results on Monday, May 4th. The construction company reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $1.30. The company had revenue of $825.67 million for the quarter, compared to analysts’ expectations of $603.58 million. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. During the same quarter last year, the company earned $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Equities research analysts expect that Sterling Infrastructure will post 18.35 EPS for the current year.

Insiders Place Their Bets

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 2,500 shares of the stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the completion of the sale, the general counsel owned 28,137 shares of the company’s stock, valued at $24,985,656. This represents a 8.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Joseph A. Cutillo sold 50,000 shares of the stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $497.57, for a total transaction of $24,878,500.00. Following the sale, the chief executive officer directly owned 290,593 shares of the company’s stock, valued at $144,590,359.01. The trade was a 14.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of Sterling Infrastructure

Institutional investors have recently modified their holdings of the company. Kemnay Advisory Services Inc. purchased a new position in Sterling Infrastructure during the 4th quarter valued at about $31,000. EverSource Wealth Advisors LLC lifted its holdings in Sterling Infrastructure by 33.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock worth $33,000 after buying an additional 27 shares during the period. Cedar Mountain Advisors LLC grew its position in shares of 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 buying an additional 80 shares during the last quarter. Rakuten Securities Inc. grew its position in shares of Sterling Infrastructure by 6,950.0% in the 2nd quarter. Rakuten Securities Inc. now owns 141 shares of the construction company’s stock worth $33,000 after buying an additional 139 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Sterling Infrastructure by 316.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 104 shares of the construction company’s stock valued at $35,000 after buying an additional 79 shares during the period. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

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.