Sterling Infrastructure (NASDAQ:STRL) Trading 5.8% Higher – Time to Buy?

Shares of Sterling Infrastructure, Inc. (NASDAQ:STRLGet Free Report) shot up 5.8% on Friday . The company traded as high as $492.69 and last traded at $486.49. 569,476 shares were traded during trading, a decline of 10% from the average daily volume of 635,759 shares. The stock had previously closed at $460.03.

Analysts Set New Price Targets

STRL has been the subject of several recent research reports. Oppenheimer started coverage on Sterling Infrastructure in a research report on Thursday, May 28th. They set an “outperform” rating and a $950.00 price objective for the company. Zacks Research downgraded Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Cantor Fitzgerald dropped their price target on shares of Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. Weiss Ratings lowered Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 28th. Finally, KeyCorp dropped 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, August 5th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $690.33.

Check Out Our Latest Analysis on STRL

Sterling Infrastructure Stock Up 5.8%

The company has a debt-to-equity ratio of 0.19, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market capitalization of $14.88 billion, a PE ratio of 35.08, a P/E/G ratio of 1.69 and a beta of 1.85. The company has a 50-day moving average price of $597.56 and a 200 day moving average price of $602.61.

Sterling Infrastructure (NASDAQ:STRLGet Free Report) last released its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.01 by $0.79. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $969.22 million. The company’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. Analysts forecast that Sterling Infrastructure, Inc. will post 19.14 earnings per share for the current year.

Insiders Place Their Bets

In related news, General Counsel Mark Wolf sold 2,500 shares of the stock in a transaction dated 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 sale, the general counsel directly owned 28,137 shares of the company’s stock, valued at $24,985,656. This represents a 8.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is owned by company insiders.

Institutional Trading of Sterling Infrastructure

Several institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Shields & Co. LLC bought a new stake in Sterling Infrastructure during the 2nd quarter valued at about $29,000. Kemnay Advisory Services Inc. bought a new stake in Sterling Infrastructure during the 4th quarter valued at $31,000. EverSource Wealth Advisors LLC boosted its position in Sterling Infrastructure by 33.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock valued at $33,000 after purchasing an additional 27 shares in the last quarter. Cedar Mountain Advisors LLC grew its position in shares of Sterling Infrastructure by 8,000.0% in the 1st 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 last quarter. Finally, Rakuten Securities Inc. grew its holdings in 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 purchasing an additional 139 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors.

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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