Sterling Infrastructure (NASDAQ:STRL) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of Sterling Infrastructure (NASDAQ:STRL) from a hold rating to a strong-buy rating in a research report sent to investors on Monday morning,Zacks.com reports.

A number of other equities research analysts also recently issued reports on the stock. DA Davidson upped their price target on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, February 27th. KeyCorp upped their price target on shares of Sterling Infrastructure from $889.00 to $922.00 and gave the company an “overweight” rating in a research note on Tuesday. Cantor Fitzgerald upped their price target on shares of Sterling Infrastructure from $482.00 to $956.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Argus assumed coverage on shares of Sterling Infrastructure in a research note on Thursday, April 16th. They set a “buy” rating and a $510.00 price target on the stock. Finally, Weiss Ratings downgraded shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. According to data from MarketBeat, Sterling Infrastructure has a consensus rating of “Buy” and a consensus price target of $720.67.

Sterling Infrastructure Price Performance

STRL stock opened at $875.52 on Monday. Sterling Infrastructure has a one year low of $190.42 and a one year high of $893.13. The company’s fifty day moving average price is $591.67 and its 200-day moving average price is $442.65. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market capitalization of $26.87 billion, a PE ratio of 78.31, a price-to-earnings-growth ratio of 3.13 and a beta of 1.81.

Sterling Infrastructure (NASDAQ:STRL) last released its earnings results on Monday, May 4th. The construction company reported $3.59 EPS for the quarter, topping the consensus estimate of $2.29 by $1.30. The firm 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 quarter in the previous year, the firm earned $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. On average, equities analysts anticipate that Sterling Infrastructure will post 18.01 EPS for the current fiscal year.

Insider Activity at Sterling Infrastructure

In related news, CEO Joseph A. Cutillo sold 50,000 shares of Sterling Infrastructure stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 290,593 shares of the company’s stock, valued at approximately $144,590,359.01. The trade was a 14.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Sterling Infrastructure

A number of large investors have recently made changes to their positions in the company. Northwestern Mutual Investment Management Company LLC bought a new position in Sterling Infrastructure in the 4th quarter valued at $2,105,000. Truist Financial Corp increased its stake in Sterling Infrastructure by 30.8% in the 4th quarter. Truist Financial Corp now owns 5,005 shares of the construction company’s stock worth $1,533,000 after buying an additional 1,179 shares during the period. Telligent Fund LP purchased a new position in Sterling Infrastructure in the 3rd quarter worth about $1,019,000. Harbor Capital Advisors Inc. increased its stake in Sterling Infrastructure by 6,893.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 3,287 shares of the construction company’s stock worth $1,007,000 after buying an additional 3,240 shares during the period. Finally, Allworth Financial LP increased its stake in Sterling Infrastructure by 1,307.9% in the 3rd quarter. Allworth Financial LP now owns 7,631 shares of the construction company’s stock worth $2,592,000 after buying an additional 7,089 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.