Sterling Infrastructure (NASDAQ:STRL – Get Free Report) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday, Wall Street Zen reports.
A number of other research firms also recently commented on STRL. Zacks Research downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Oppenheimer started coverage on shares of Sterling Infrastructure in a research report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 price target for the company. KeyCorp dropped their price target on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. DA Davidson started coverage on shares of Sterling Infrastructure in a research note on Friday, August 21st. They set a “buy” rating and a $700.00 price target for the company. Finally, Weiss Ratings downgraded Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 28th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $690.33.
Sterling Infrastructure Stock Performance
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 the consensus estimate of $5.01 by $0.79. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $969.22 million. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.The firm’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. Sell-side analysts forecast that Sterling Infrastructure will post 19.14 EPS for the current year.
Insider Buying and Selling
In other Sterling Infrastructure news, General Counsel Mark Wolf sold 2,500 shares of Sterling Infrastructure stock in a transaction on 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 transaction, the general counsel owned 28,137 shares in the company, valued at approximately $24,985,656. The trade was a 8.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by company insiders.
Institutional Trading of Sterling Infrastructure
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wellington Shields & Co. LLC acquired a new position in Sterling Infrastructure during the 2nd quarter worth about $29,000. Persistent Asset Partners Ltd acquired a new stake in Sterling Infrastructure in the 2nd quarter valued at about $40,000. MassMutual Private Wealth & Trust FSB increased its position 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 acquiring an additional 30 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of Sterling Infrastructure by 35.7% in the second quarter. TD Waterhouse Canada Inc. now owns 76 shares of the construction company’s stock worth $59,000 after acquiring an additional 20 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Sterling Infrastructure by 43.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 79 shares of the construction company’s stock worth $66,000 after acquiring an additional 24 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.
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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