Sterling Infrastructure (NASDAQ:STRL) Downgraded by Wall Street Zen to Buy

Sterling Infrastructure (NASDAQ:STRL) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Other analysts have also issued reports about the company. DA Davidson increased their target price on Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Stifel Nicolaus set a $486.00 price target on Sterling Infrastructure and gave the company a “buy” rating in a research note on Wednesday, February 11th. Zacks Research raised shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 4th. Weiss Ratings upgraded shares of Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. Finally, Cantor Fitzgerald boosted their target price on shares of Sterling Infrastructure from $413.00 to $482.00 and gave the company an “overweight” rating in a research report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $489.33.

Sterling Infrastructure Stock Up 1.0%

NASDAQ STRL opened at $420.24 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.25. Sterling Infrastructure has a 1-year low of $96.34 and a 1-year high of $477.03. The company has a 50 day moving average of $406.74 and a 200-day moving average of $362.49. The company has a market cap of $12.88 billion, a price-to-earnings ratio of 44.85, a PEG ratio of 2.16 and a beta of 1.48.

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

Insider Buying and Selling at Sterling Infrastructure

In other news, Director Dwayne Andree Wilson sold 2,860 shares of the business’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $350.00, for a total transaction of $1,001,000.00. Following the completion of the transaction, the director owned 14,749 shares of the company’s stock, valued at approximately $5,162,150. The trade was a 16.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $820,000.00. Following the sale, the director owned 11,498 shares of the company’s stock, valued at approximately $4,714,180. This represents a 14.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 6,860 shares of company stock worth $2,611,000. Corporate insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Hsbc Holdings PLC boosted its stake in shares of Sterling Infrastructure by 315.5% in the 4th quarter. Hsbc Holdings PLC now owns 6,162 shares of the construction company’s stock valued at $1,904,000 after purchasing an additional 4,679 shares in the last quarter. World Investment Advisors increased its position in Sterling Infrastructure by 5.5% during the 4th quarter. World Investment Advisors now owns 850 shares of the construction company’s stock worth $260,000 after purchasing an additional 44 shares in the last quarter. DUTCH ASSET Corp bought a new position in Sterling Infrastructure in the 4th quarter valued at approximately $581,000. Strategic Investment Solutions Inc. IL bought a new position in Sterling Infrastructure in the 4th quarter valued at approximately $61,000. Finally, Astoria Portfolio Advisors LLC. boosted its position in Sterling Infrastructure by 24.4% in the fourth quarter. Astoria Portfolio Advisors LLC. now owns 852 shares of the construction company’s stock valued at $261,000 after buying an additional 167 shares in the last quarter. Institutional investors and hedge funds 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.