Cantor Fitzgerald Reaffirms Overweight Rating for Sterling Infrastructure (NASDAQ:STRL)

Sterling Infrastructure (NASDAQ:STRL)‘s stock had its “overweight” rating reaffirmed by research analysts at Cantor Fitzgerald in a report issued on Wednesday, Benzinga reports. They presently have a $742.00 price target on the construction company’s stock. Cantor Fitzgerald’s price target points to a potential upside of 46.95% from the company’s current price.

A number of other research firms also recently weighed in on STRL. Zacks Research downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. DA Davidson assumed coverage on Sterling Infrastructure in a research report on Friday, August 21st. They issued a “buy” rating and a $700.00 target price for the company. Weiss Ratings downgraded shares of Sterling Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, September 9th. KeyCorp lowered their price objective on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 5th. Finally, 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. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $690.33.

Sterling Infrastructure Trading Up 1.3%

Shares of Sterling Infrastructure stock opened at $504.94 on Wednesday. The company has a market capitalization of $15.45 billion, a P/E ratio of 36.41, a PEG ratio of 1.74 and a beta of 1.85. The company’s fifty day moving average is $529.23 and its two-hundred day moving average is $612.86. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.11 and a current ratio of 1.11. Sterling Infrastructure has a 1 year low of $281.58 and a 1 year high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.01 by $0.79. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $969.22 million. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. 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. Analysts forecast that Sterling Infrastructure will post 19.1 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Cim Investment Management Inc. boosted its position in Sterling Infrastructure by 304.1% during the second quarter. Cim Investment Management Inc. now owns 7,774 shares of the construction company’s stock worth $6,525,000 after purchasing an additional 5,850 shares during the period. Envestnet Asset Management Inc. boosted its stake in Sterling Infrastructure by 29.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 138,884 shares of the construction company’s stock valued at $116,574,000 after purchasing an additional 31,182 shares during the period. State Street Corp increased its position in Sterling Infrastructure by 290.7% during the 2nd quarter. State Street Corp now owns 4,253,073 shares of the construction company’s stock worth $3,569,859,000 after buying an additional 3,164,551 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Sterling Infrastructure by 191.3% in the second quarter. The Manufacturers Life Insurance Company now owns 97,448 shares of the construction company’s stock valued at $81,794,000 after acquiring an additional 63,994 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in Sterling Infrastructure by 435.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,110 shares of the construction company’s stock worth $4,289,000 after purchasing an additional 4,156 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

About Sterling Infrastructure

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.