Analysts Set Sterling Infrastructure, Inc. (NASDAQ:STRL) Target Price at $668.20

Shares of Sterling Infrastructure, Inc. (NASDAQ:STRLGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $715.1667.

A number of equities research analysts have weighed in on the company. Zacks Research downgraded Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Argus began coverage on Sterling Infrastructure in a report on Thursday, April 16th. They set a “buy” rating and a $510.00 target price on the stock. KeyCorp lifted their target price on Sterling Infrastructure from $572.00 to $889.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. DA Davidson lifted their target price on Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Finally, Oppenheimer began coverage on Sterling Infrastructure in a report on Thursday. They set an “outperform” rating and a $950.00 target price on the stock.

Get Our Latest Stock Analysis on Sterling Infrastructure

Insider Buying and Selling

In related news, CEO Joseph A. Cutillo sold 50,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 290,593 shares of the company’s stock, valued at $144,590,359.01. This represents a 14.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 currently owned by corporate insiders.

Institutional Trading of Sterling Infrastructure

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Root Financial Partners LLC acquired a new position in shares of Sterling Infrastructure in the 3rd quarter worth $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Sterling Infrastructure in the 3rd quarter worth $28,000. Fifth Third Bancorp lifted its stake in Sterling Infrastructure by 76.1% during the third quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock valued at $28,000 after buying an additional 35 shares in the last quarter. Cedar Mountain Advisors LLC lifted its stake in Sterling Infrastructure by 8,000.0% during the first quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company’s stock valued at $33,000 after buying an additional 80 shares in the last quarter. Finally, NFSG Corp lifted its stake in Sterling Infrastructure by 578.6% during the first quarter. NFSG Corp now owns 95 shares of the construction company’s stock valued at $39,000 after buying an additional 81 shares in the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Sterling Infrastructure Stock Up 2.1%

Sterling Infrastructure stock opened at $860.84 on Friday. The stock has a market cap of $26.42 billion, a price-to-earnings ratio of 77.00, a PEG ratio of 3.12 and a beta of 1.64. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23. The company’s 50-day moving average price is $583.40 and its two-hundred day moving average price is $439.00. Sterling Infrastructure has a 52 week low of $183.40 and a 52 week high of $893.13.

Sterling Infrastructure (NASDAQ:STRLGet Free Report) last released its earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $1.30. The firm had revenue of $825.68 million during the quarter, compared to the consensus estimate of $603.58 million. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.During the same period in the prior year, the firm posted $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. On average, analysts expect that Sterling Infrastructure will post 18.01 EPS for the current fiscal year.

Sterling Infrastructure Company Profile

(Get Free Report)

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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Analyst Recommendations for Sterling Infrastructure (NASDAQ:STRL)

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