Sterling Infrastructure, Inc. (NASDAQ:STRL – Get Free Report) dropped 3% during mid-day trading on Tuesday . The company traded as low as $450.26 and last traded at $456.10. 767,407 shares traded hands during trading, an increase of 20% from the average session volume of 638,009 shares. The stock had previously closed at $470.07.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. KeyCorp reduced their target price on Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 5th. Oppenheimer initiated coverage on Sterling Infrastructure in a research note on Thursday, May 28th. They set an “outperform” rating and a $950.00 price target for the company. Wall Street Zen upgraded Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a report on Monday, August 24th. DA Davidson assumed coverage on Sterling Infrastructure in a research report on Friday, August 21st. They set a “buy” rating and a $700.00 price objective on the stock. Finally, Zacks Research cut Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $690.33.
View Our Latest Stock Report on STRL
Sterling Infrastructure Stock Down 3.0%
Sterling Infrastructure (NASDAQ:STRL – Get Free Report) last issued its earnings results on Monday, August 3rd. The construction company reported $5.80 EPS for the quarter, topping analysts’ consensus estimates of $5.01 by $0.79. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $969.22 million. The business’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, analysts predict that Sterling Infrastructure, Inc. will post 19.14 earnings per share for the current year.
Insider Buying and Selling at Sterling Infrastructure
In other news, General Counsel Mark D. Wolf sold 2,500 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $888.00, for a total value of $2,220,000.00. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.60% of the company’s stock.
Hedge Funds Weigh In On Sterling Infrastructure
Several institutional investors and hedge funds have recently bought and sold shares of STRL. Wellington Shields & Co. LLC purchased a new position in Sterling Infrastructure in the 2nd quarter worth approximately $29,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Sterling Infrastructure during the fourth quarter valued at approximately $31,000. EverSource Wealth Advisors LLC grew its holdings in shares of Sterling Infrastructure by 33.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock worth $33,000 after purchasing an additional 27 shares during the last quarter. Cedar Mountain Advisors LLC increased its stake in shares of Sterling Infrastructure by 8,000.0% in the first quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company’s stock worth $33,000 after buying an additional 80 shares during the period. Finally, Rakuten Securities Inc. increased its stake in shares of Sterling Infrastructure by 6,950.0% in the second quarter. Rakuten Securities Inc. now owns 141 shares of the construction company’s stock worth $33,000 after buying an additional 139 shares during the period. 80.95% of the stock is currently owned by institutional investors.
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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