Sterling Infrastructure (NASDAQ:STRL) Reaches New 52-Week High – Still a Buy?

Sterling Infrastructure, Inc. (NASDAQ:STRL)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $893.13 and last traded at $883.39, with a volume of 259378 shares trading hands. The stock had previously closed at $854.28.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Stifel Nicolaus set a $486.00 target price on shares of Sterling Infrastructure and gave the company a “buy” rating in a research note on Wednesday, February 11th. Cantor Fitzgerald upped their price objective on Sterling Infrastructure from $482.00 to $956.00 and gave the company an “overweight” rating in a research note on Monday. Argus assumed coverage on Sterling Infrastructure in a report on Thursday, April 16th. They set a “buy” rating and a $510.00 price objective for the company. KeyCorp raised their target price on Sterling Infrastructure from $572.00 to $889.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Finally, DA Davidson upped their price target on Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Sterling Infrastructure has a consensus rating of “Moderate Buy” and a consensus price target of $668.20.

Sterling Infrastructure Trading Up 3.2%

The stock has a market cap of $27.06 billion, a PE ratio of 78.88, a PEG ratio of 3.15 and a beta of 1.64. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23. The firm has a fifty day simple moving average of $493.05 and a two-hundred day simple moving average of $405.41.

Sterling Infrastructure (NASDAQ:STRL) last announced its earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $1.30. The business had revenue of $825.68 million for the quarter, compared to the consensus estimate of $603.58 million. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. During the same period last year, the firm posted $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, equities analysts expect that Sterling Infrastructure, Inc. will post 18.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Joseph A. Cutillo sold 50,000 shares of the company’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $497.57, for a total value of $24,878,500.00. Following the completion of the transaction, the chief executive officer directly owned 290,593 shares in the company, valued at approximately $144,590,359.01. This represents a 14.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Signature Equity Partners LLC boosted its stake in shares of Sterling Infrastructure by 19.5% in the 1st quarter. Signature Equity Partners LLC now owns 104 shares of the construction company’s stock valued at $42,000 after purchasing an additional 17 shares in the last quarter. World Investment Advisors raised its stake in Sterling Infrastructure by 2.4% in the first quarter. World Investment Advisors now owns 870 shares of the construction company’s stock worth $354,000 after buying an additional 20 shares in the last quarter. Ritholtz Wealth Management grew its holdings in shares of Sterling Infrastructure by 3.6% during the 1st quarter. Ritholtz Wealth Management now owns 686 shares of the construction company’s stock worth $279,000 after acquiring an additional 24 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of 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 acquiring an additional 27 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Sterling Infrastructure by 27.5% in the 3rd quarter. UMB Bank n.a. now owns 130 shares of the construction company’s stock valued at $44,000 after purchasing an additional 28 shares during the period. 80.95% of the stock is 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.