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

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

Several other research analysts have also weighed in on the stock. KeyCorp dropped 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. Weiss Ratings cut shares of Sterling Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, September 9th. Wall Street Zen downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 5th. Zacks Research lowered Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Finally, DA Davidson assumed coverage on Sterling Infrastructure in a research note on Friday, August 21st. They issued a “buy” rating and a $700.00 target price on the stock. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $690.33.

Sterling Infrastructure Trading Up 1.3%

Shares of NASDAQ STRL opened at $504.94 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.19. Sterling Infrastructure has a one year low of $281.58 and a one year high of $1,005.68. The business has a 50-day moving average price of $529.23 and a two-hundred day moving average price of $612.86. The firm has a market capitalization of $15.45 billion, a PE ratio of 36.41, a PEG ratio of 1.74 and a beta of 1.85.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in STRL. 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. lifted its stake in shares of Sterling Infrastructure by 29.0% in the second quarter. Envestnet Asset Management Inc. now owns 138,884 shares of the construction company’s stock worth $116,574,000 after buying an additional 31,182 shares during the last quarter. State Street Corp boosted its holdings in shares of 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 boosted its holdings in shares of Sterling Infrastructure by 191.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 97,448 shares of the construction company’s stock worth $81,794,000 after buying an additional 63,994 shares during the period. Finally, Sequoia Financial Advisors LLC grew 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 valued at $4,289,000 after buying an additional 4,156 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

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.