Sterling Infrastructure (NASDAQ:STRL) Shares Down 4.7% – Here’s What Happened

Sterling Infrastructure, Inc. (NASDAQ:STRL)’s share price fell 4.7% on Monday . The company traded as low as $393.84 and last traded at $396.89. 66,437 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 493,338 shares. The stock had previously closed at $416.34.

Analysts Set New Price Targets

A number of brokerages have weighed in on STRL. Cantor Fitzgerald increased their price target on shares of Sterling Infrastructure from $413.00 to $482.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. Weiss Ratings raised shares of Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 26th. Stifel Nicolaus set a $486.00 price target on shares of Sterling Infrastructure and gave the company a “buy” rating in a report on Wednesday, February 11th. Wall Street Zen cut shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 28th. Finally, Zacks Research upgraded shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $489.33.

Sterling Infrastructure Trading Down 2.9%

The company has a market cap of $11.73 billion, a price-to-earnings ratio of 40.79, a PEG ratio of 2.16 and a beta of 1.51. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.01 and a current ratio of 1.01. The business’s 50 day moving average price is $412.90 and its 200-day moving average price is $367.11.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data 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. Sterling Infrastructure had a net margin of 11.65% and a return on equity of 32.82%. The company had revenue of $755.61 million during the quarter, compared to analysts’ expectations of $639.41 million. Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. On average, research analysts forecast that Sterling Infrastructure, Inc. will post 5.98 EPS for the current year.

Insider Buying and Selling

In related news, Director Dana C. O’brien sold 2,000 shares of the stock in a transaction dated Monday, February 9th. The shares were 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 $4,714,180. This trade represents a 14.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Dwayne Andree Wilson sold 2,860 shares of the stock in a transaction dated 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 sale, the director owned 14,749 shares of the company’s stock, valued at $5,162,150. This trade represents a 16.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 56,860 shares of company stock worth $25,285,000 in the last quarter. 3.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sterling Infrastructure

Hedge funds have recently made changes to their positions in the company. Root Financial Partners LLC acquired a new stake in shares of Sterling Infrastructure during the 3rd quarter worth about $26,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Sterling Infrastructure during the 3rd quarter worth about $28,000. Fifth Third Bancorp increased its position in shares of Sterling Infrastructure by 76.1% during the 3rd quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock worth $28,000 after purchasing an additional 35 shares in the last quarter. Bogart Wealth LLC increased its position in Sterling Infrastructure by 535.7% in the 3rd quarter. Bogart Wealth LLC now owns 89 shares of the construction company’s stock valued at $30,000 after acquiring an additional 75 shares in the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new stake in Sterling Infrastructure in the 4th quarter valued at about $31,000. Institutional investors and hedge funds 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.