Sterling Infrastructure, Inc. (NASDAQ:STRL) Stock Has Average Target Price of $733.17

Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $733.17.

STRL has been the subject of a number of recent analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $742.00 price target on shares of Sterling Infrastructure in a research note on Wednesday, October 14th. Stifel Nicolaus reduced their price objective on shares of Sterling Infrastructure from $804.00 to $742.00 and set a “buy” rating on the stock in a research report on Thursday, October 8th. Zacks Research downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. KeyCorp boosted their target price on Sterling Infrastructure from $754.00 to $755.00 and gave the company an “overweight” rating in a research report on Thursday, October 15th. Finally, Wall Street Zen lowered Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th.

Sterling Infrastructure Stock Up 1.5%

Shares of STRL opened at $360.72 on Tuesday. The company has a market cap of $11.03 billion, a PE ratio of 26.01, a P/E/G ratio of 1.24 and a beta of 1.86. The business has a fifty day moving average of $487.29 and a 200 day moving average of $548.57. Sterling Infrastructure has a 52-week low of $281.58 and a 52-week high of $1,005.68. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.19.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 EPS 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 company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $969.22 million. Sterling Infrastructure’s revenue was up 90.4% compared to the same quarter last year. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. On average, sell-side analysts expect that Sterling Infrastructure will post 19.10 EPS for the current year.

Institutional Investors Weigh In On Sterling Infrastructure

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new position in Sterling Infrastructure during the 2nd quarter valued at $2,713,946,000. State Street Corp increased its stake in Sterling Infrastructure by 290.7% in the second quarter. State Street Corp now owns 4,253,073 shares of the construction company’s stock worth $3,569,859,000 after purchasing an additional 3,164,551 shares during the period. Jupiter Topco LLC bought a new stake in shares of Sterling Infrastructure during the second quarter worth $395,056,000. First Trust Advisors LP boosted its stake in shares of Sterling Infrastructure by 27.3% during the first quarter. First Trust Advisors LP now owns 877,990 shares of the construction company’s stock valued at $357,579,000 after purchasing an additional 188,048 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Sterling Infrastructure during the second quarter valued at $144,725,000. 80.95% of the stock is owned by institutional investors.

About Sterling Infrastructure

Sterling Infrastructure, Inc is a U.S.-based infrastructure services company that provides construction and specialty contracting solutions through three principal business segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions.

Its E-Infrastructure Solutions segment supports the development of data centers, advanced manufacturing facilities, energy and power infrastructure, and other large-scale industrial projects. Transportation Solutions provides construction and rehabilitation services for highways, roads, bridges, airports, rail and transit systems, and related public infrastructure.