Sterling Infrastructure, Inc. (NASDAQ:STRL – Get Free Report)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $893.13 and last traded at $883.39, with a volume of 259378 shares changing hands. The stock had previously closed at $854.28.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the company. Argus started coverage on Sterling Infrastructure in a research report on Thursday, April 16th. They issued a “buy” rating and a $510.00 target price for the company. DA Davidson upped their price target on Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, February 27th. KeyCorp increased their price objective on shares of Sterling Infrastructure from $572.00 to $889.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Zacks Research lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Finally, Stifel Nicolaus set a $486.00 target price on shares of Sterling Infrastructure and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $668.20.
View Our Latest Stock Analysis on Sterling Infrastructure
Sterling Infrastructure Trading Down 4.5%
Sterling Infrastructure (NASDAQ:STRL – Get Free Report) last announced its earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $1.30. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.The company had revenue of $825.68 million for the quarter, compared to analyst estimates of $603.58 million. During the same period in the prior year, the company posted $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, equities analysts anticipate that Sterling Infrastructure, Inc. will post 18.01 EPS for the current year.
Insider Buying and Selling
In other Sterling Infrastructure news, CEO Joseph A. Cutillo sold 50,000 shares of the firm’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $497.57, for a total transaction of $24,878,500.00. Following the completion of the transaction, the chief executive officer directly owned 290,593 shares of the company’s stock, valued at $144,590,359.01. This trade represents a 14.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is owned by company insiders.
Institutional Investors Weigh In On Sterling Infrastructure
A number of institutional investors have recently modified their holdings of STRL. Root Financial Partners LLC acquired a new position in Sterling Infrastructure in the third quarter worth about $26,000. Wilmington Savings Fund Society FSB acquired a new stake in Sterling Infrastructure during the third quarter valued at approximately $28,000. Fifth Third Bancorp lifted its holdings in Sterling Infrastructure by 76.1% during the 3rd quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock worth $28,000 after buying an additional 35 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of Sterling Infrastructure in the 4th quarter worth approximately $31,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Sterling Infrastructure by 33.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock worth $33,000 after acquiring an additional 27 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.
Sterling Infrastructure Company Profile
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.
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