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

Sterling Infrastructure (NASDAQ:STRL) was upgraded by analysts at DA Davidson to a “strong-buy” rating in a report released on Friday,Zacks.com reports.

A number of other brokerages also recently weighed in on STRL. Zacks Research downgraded Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. KeyCorp decreased their price objective on Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. Weiss Ratings cut Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. Wall Street Zen downgraded Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 16th. Finally, Oppenheimer started coverage on shares of Sterling Infrastructure in a research report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $690.33.

Sterling Infrastructure Stock Down 0.7%

STRL stock opened at $516.81 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market capitalization of $15.81 billion, a P/E ratio of 37.26, a P/E/G ratio of 1.81 and a beta of 1.88. Sterling Infrastructure has a 52-week low of $266.13 and a 52-week high of $1,005.68. The company’s 50 day simple moving average is $675.12 and its 200-day simple moving average is $597.24.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $5.01 by $0.79. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $969.22 million. Sterling Infrastructure’s revenue was up 90.4% on a year-over-year basis. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. As a group, equities research analysts anticipate that Sterling Infrastructure will post 19.15 EPS for the current year.

Insider Transactions at Sterling Infrastructure

In related news, General Counsel Mark D. Wolf sold 2,500 shares of Sterling Infrastructure stock in a transaction on Thursday, June 25th. The stock was 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 approximately $24,985,656. This trade represents a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Sterling Infrastructure

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Wellington Shields & Co. LLC acquired a new stake in shares of Sterling Infrastructure in the second quarter worth about $29,000. Kemnay Advisory Services Inc. acquired a new position in shares of Sterling Infrastructure during the fourth quarter valued at about $31,000. EverSource Wealth Advisors LLC raised 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 valued at $33,000 after acquiring an additional 27 shares in the last quarter. Cedar Mountain Advisors LLC lifted its position in Sterling Infrastructure by 8,000.0% in the first quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company’s stock worth $33,000 after purchasing an additional 80 shares during the period. Finally, Rakuten Securities Inc. boosted its position in shares of Sterling Infrastructure by 6,950.0% during the 2nd quarter. Rakuten Securities Inc. now owns 141 shares of the construction company’s stock valued at $33,000 after acquiring an additional 139 shares in the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

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.