Wall Street Zen upgraded shares of Sterling Infrastructure (NASDAQ:STRL – Free Report) from a buy rating to a strong-buy rating in a research note released on Monday morning.
Several other research analysts also recently commented on STRL. KeyCorp reduced their price objective on Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating for the company in a research note on Wednesday, August 5th. Cantor Fitzgerald lowered their target price on shares of Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 5th. DA Davidson initiated coverage on shares of Sterling Infrastructure in a report on Friday. They set a “buy” rating and a $700.00 target price for the company. Oppenheimer initiated coverage on shares of Sterling Infrastructure in a research report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 target price for the company. Finally, Weiss Ratings downgraded shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $690.33.
View Our Latest Research Report on STRL
Sterling Infrastructure Trading Down 3.9%
Sterling Infrastructure (NASDAQ:STRL – Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 EPS for the quarter, topping the consensus estimate of $5.01 by $0.79. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $969.22 million. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.Sterling Infrastructure’s revenue for the quarter 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, sell-side analysts anticipate that Sterling Infrastructure will post 19.15 EPS for the current fiscal year.
Insider Buying and Selling
In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 2,500 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the transaction, the general counsel owned 28,137 shares of the company’s stock, valued at approximately $24,985,656. The trade was a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of STRL. Wellington Shields & Co. LLC purchased a new stake in shares of Sterling Infrastructure in the second quarter valued at about $29,000. Persistent Asset Partners Ltd acquired a new position in Sterling Infrastructure in the 2nd quarter valued at about $40,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Sterling Infrastructure by 100.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 60 shares of the construction company’s stock valued at $50,000 after purchasing an additional 30 shares during the last quarter. TD Waterhouse Canada Inc. grew its stake in shares of Sterling Infrastructure by 35.7% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 76 shares of the construction company’s stock valued at $59,000 after buying an additional 20 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Sterling Infrastructure by 43.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 79 shares of the construction company’s stock valued at $66,000 after buying an additional 24 shares during the period. Hedge funds and other institutional investors 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.
Read More
- Five stocks we like better than Sterling Infrastructure
- Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
- Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
- Snowflake Could Be Headed for New Highs Despite Insider Selling
- MongoDB Is Surging—And the Next Catalyst Is Almost Here
Receive News & Ratings for Sterling Infrastructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sterling Infrastructure and related companies with MarketBeat.com's FREE daily email newsletter.
