Sterling Infrastructure (NASDAQ:STRL) Cut to Buy at Wall Street Zen

Wall Street Zen cut shares of Sterling Infrastructure (NASDAQ:STRL) from a strong-buy rating to a buy rating in a research note published on Saturday,Wall Street Zen reports.

A number of other research analysts have also recently issued reports on the company. Zacks Research cut Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Weiss Ratings cut Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. Cantor Fitzgerald reduced their price target on Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating for the company in a report on Wednesday, August 5th. DA Davidson assumed coverage on Sterling Infrastructure in a research report on Friday, August 21st. They issued a “buy” rating and a $700.00 price target for the company. Finally, KeyCorp lowered their price target 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. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $690.33.

Sterling Infrastructure Price Performance

Shares of STRL opened at $486.49 on Friday. Sterling Infrastructure has a fifty-two week low of $270.00 and a fifty-two week high of $1,005.68. The firm’s 50-day simple moving average is $591.02 and its two-hundred day simple moving average is $604.24. The stock has a market cap of $14.88 billion, a PE ratio of 35.08, a price-to-earnings-growth ratio of 1.69 and a beta of 1.85. 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 (NASDAQ:STRL) last released its earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.01 by $0.79. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $969.22 million. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The firm’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. Analysts anticipate that Sterling Infrastructure will post 19.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, General Counsel Mark Wolf sold 2,500 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the transaction, the general counsel owned 28,137 shares in the company, valued at $24,985,656. This represents a 8.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sterling Infrastructure

A number of large investors have recently added to or reduced their stakes in the stock. Signature Equity Partners LLC boosted its holdings in shares of Sterling Infrastructure by 19.5% in the 1st quarter. Signature Equity Partners LLC now owns 104 shares of the construction company’s stock valued at $42,000 after acquiring an additional 17 shares during the last quarter. World Investment Advisors raised its holdings in shares of Sterling Infrastructure by 2.4% during the first quarter. World Investment Advisors now owns 870 shares of the construction company’s stock worth $354,000 after purchasing an additional 20 shares during the last quarter. TD Waterhouse Canada Inc. raised its holdings in shares of Sterling Infrastructure by 35.7% during the second quarter. TD Waterhouse Canada Inc. now owns 76 shares of the construction company’s stock worth $59,000 after purchasing an additional 20 shares during the last quarter. Ritholtz Wealth Management lifted its position in Sterling Infrastructure by 3.6% during the first quarter. Ritholtz Wealth Management now owns 686 shares of the construction company’s stock valued at $279,000 after purchasing an additional 24 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Sterling Infrastructure by 43.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 79 shares of the construction company’s stock valued at $66,000 after purchasing an additional 24 shares during the period. Institutional investors own 80.95% of the company’s stock.

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.