Sterling Infrastructure (NASDAQ:STRL) Earns “Overweight” Rating from Cantor Fitzgerald

Sterling Infrastructure (NASDAQ:STRL)‘s stock had its “overweight” rating reissued by analysts at Cantor Fitzgerald in a note issued to investors on Wednesday, Benzinga reports. They presently have a $742.00 price objective on the construction company’s stock. Cantor Fitzgerald’s target price suggests a potential upside of 48.69% from the stock’s previous close.

A number of other analysts also recently weighed in on the stock. Wall Street Zen downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. 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 began coverage on shares of Sterling Infrastructure in a research report on Friday, August 21st. They set a “buy” rating and a $700.00 price objective on the stock. KeyCorp lowered their target price 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, Weiss Ratings cut shares of Sterling Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, September 9th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $690.33.

Sterling Infrastructure Trading Down 1.2%

NASDAQ:STRL traded down $5.92 during midday trading on Wednesday, reaching $499.02. 211,360 shares of the stock traded hands, compared to its average volume of 625,307. The company has a fifty day moving average of $529.23 and a 200 day moving average of $612.86. Sterling Infrastructure has a 12 month low of $281.58 and a 12 month high of $1,005.68. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market capitalization of $15.26 billion, a P/E ratio of 35.95, a PEG ratio of 1.74 and a beta of 1.85.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings data 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 business had revenue of $1.17 billion for 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%. 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. On average, research analysts predict that Sterling Infrastructure will post 19.1 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Signature Equity Partners LLC boosted its stake in Sterling Infrastructure by 19.5% during the first quarter. Signature Equity Partners LLC now owns 104 shares of the construction company’s stock worth $42,000 after buying an additional 17 shares during the period. World Investment Advisors lifted its position 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. lifted its position 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 shares of Sterling Infrastructure by 3.6% during the first quarter. Ritholtz Wealth Management now owns 686 shares of the construction company’s stock worth $279,000 after purchasing an additional 24 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Sterling Infrastructure by 43.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 79 shares of the construction company’s stock worth $66,000 after purchasing an additional 24 shares during the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

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.