Sterling Infrastructure (NASDAQ:STRL) Announces Quarterly Earnings Results

Sterling Infrastructure (NASDAQ:STRLGet Free Report) issued its quarterly earnings results on Monday. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.01 by $0.79, FiscalAI reports. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 42.44%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $969.22 million. Sterling Infrastructure’s revenue for the quarter was up 90.4% compared to the same quarter last year. Sterling Infrastructure updated its FY 2026 guidance to 19.700-20.300 EPS.

Sterling Infrastructure Stock Up 1.1%

Sterling Infrastructure stock traded up $6.08 during mid-day trading on Wednesday, hitting $547.70. The company had a trading volume of 340,055 shares, compared to its average volume of 645,304. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. Sterling Infrastructure has a 1 year low of $263.45 and a 1 year high of $1,005.68. The business has a fifty day moving average of $758.16 and a 200 day moving average of $581.87. The stock has a market cap of $16.81 billion, a price-to-earnings ratio of 48.99, a PEG ratio of 2.24 and a beta of 1.88.

Insider Buying and Selling at Sterling Infrastructure

In other news, General Counsel Mark D. Wolf sold 2,500 shares of the company’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $888.00, for a total value of $2,220,000.00. Following the completion of the transaction, the general counsel owned 28,137 shares in the company, valued at approximately $24,985,656. This represents a 8.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Sterling Infrastructure

A number of institutional investors and hedge funds have recently bought and sold shares of STRL. Mcguire Capital Advisors Inc. purchased a new position in shares of Sterling Infrastructure during the fourth quarter worth about $70,000. Mercer Global Advisors Inc. ADV boosted its position in shares of Sterling Infrastructure by 21.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,251 shares of the construction company’s stock valued at $689,000 after purchasing an additional 396 shares during the period. Vident Advisory LLC grew its stake in Sterling Infrastructure by 15.7% during the 4th quarter. Vident Advisory LLC now owns 15,806 shares of the construction company’s stock worth $4,840,000 after buying an additional 2,150 shares during the last quarter. Delta Global Management LP purchased a new position in Sterling Infrastructure during the 4th quarter worth approximately $2,438,000. Finally, EP Wealth Advisors LLC acquired a new position in Sterling Infrastructure during the fourth quarter worth approximately $232,000. 80.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Argus assumed coverage on shares of Sterling Infrastructure in a research note on Thursday, April 16th. They set a “buy” rating and a $510.00 target price on the stock. KeyCorp reduced their price objective on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock in a report on Wednesday. Wall Street Zen cut shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Oppenheimer began coverage on shares of Sterling Infrastructure in a research note on Thursday, May 28th. They set an “outperform” rating and a $950.00 target price for the company. Finally, Zacks Research raised Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $657.00.

Check Out Our Latest Report on Sterling Infrastructure

About Sterling Infrastructure

(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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Earnings History for Sterling Infrastructure (NASDAQ:STRL)

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