Sterling Infrastructure’s (STRL) “Overweight” Rating Reiterated at Cantor Fitzgerald

Sterling Infrastructure (NASDAQ:STRL)‘s stock had its “overweight” rating reissued by research analysts at Cantor Fitzgerald in a report issued on Wednesday, Benzinga reports. They presently have a $742.00 target price on the construction company’s stock. Cantor Fitzgerald’s price objective suggests a potential upside of 50.14% from the company’s previous close.

Several other analysts have also issued reports on the stock. Wall Street Zen lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. DA Davidson initiated coverage on Sterling Infrastructure in a research note on Friday, August 21st. They issued a “buy” rating and a $700.00 target price for the company. Weiss Ratings cut Sterling Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, September 9th. KeyCorp dropped their price objective on Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating for the company in a research note on Wednesday, August 5th. Finally, Zacks Research lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Sterling Infrastructure presently has an average rating of “Moderate Buy” and an average price target of $690.33.

Sterling Infrastructure Price Performance

NASDAQ STRL traded down $10.74 on Wednesday, reaching $494.20. 70,309 shares of the company’s stock traded hands, compared to its average volume of 624,484. The stock has a market cap of $15.12 billion, a PE ratio of 35.78, a P/E/G ratio of 1.74 and a beta of 1.85. Sterling Infrastructure has a 12 month low of $281.58 and a 12 month high of $1,005.68. The stock has a 50-day simple moving average of $529.23 and a 200 day simple moving average of $612.86. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.11 and a quick ratio of 1.11.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $969.22 million. The firm’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, research analysts predict that Sterling Infrastructure will post 19.1 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Wellington Shields & Co. LLC bought a new stake in Sterling Infrastructure in the 2nd quarter worth approximately $29,000. Persistent Asset Partners Ltd bought a new position in shares of Sterling Infrastructure in the second quarter worth about $40,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Sterling Infrastructure by 100.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 60 shares of the construction company’s stock valued at $50,000 after acquiring an additional 30 shares during the period. TD Waterhouse Canada Inc. increased its holdings in Sterling Infrastructure by 35.7% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 76 shares of the construction company’s stock worth $59,000 after acquiring an additional 20 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Sterling Infrastructure by 43.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 79 shares of the construction company’s stock worth $66,000 after acquiring an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Company Profile

Sterling Infrastructure, Inc is an infrastructure services company that provides construction and rehabilitation solutions for public and private-sector customers in the United States. Formerly known as Sterling Construction Company, the company adopted its current name to reflect the expansion of its business beyond traditional transportation construction.

The company operates through three principal business segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions.