Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL – Get Free Report) were up 5.4% on Friday . The stock traded as high as $516.95 and last traded at $511.04. 467,540 shares traded hands during trading, a decline of 26% from the average session volume of 632,253 shares. The stock had previously closed at $484.86.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on STRL shares. Oppenheimer assumed coverage on Sterling Infrastructure in a report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 price objective for the company. Zacks Research downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Weiss Ratings lowered shares of Sterling Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. KeyCorp reduced their target price on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating for the company in a research note on Wednesday, August 5th. Finally, DA Davidson assumed coverage on shares of Sterling Infrastructure in a research report on Friday, August 21st. They issued a “buy” rating and a $700.00 price target on the stock. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Sterling Infrastructure presently has an average rating of “Moderate Buy” and an average price target of $690.33.
Check Out Our Latest Analysis on STRL
Sterling Infrastructure Stock Up 5.4%
Sterling Infrastructure (NASDAQ:STRL – Get Free Report) last issued 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 analysts’ expectations of $969.22 million. The company’s revenue for the quarter was up 90.4% compared to the same quarter last year. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. On average, research analysts forecast 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 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 approximately $24,985,656. This represents a 8.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Sterling Infrastructure
A number of large investors have recently modified their holdings of the company. California State Teachers Retirement System raised its holdings in shares of Sterling Infrastructure by 81,481.8% in the 2nd quarter. California State Teachers Retirement System now owns 29,173,636 shares of the construction company’s stock valued at $24,487,183,000 after acquiring an additional 29,137,876 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Sterling Infrastructure during the 2nd quarter valued at about $2,713,946,000. Jupiter Topco LLC purchased a new position in shares of Sterling Infrastructure during the second quarter worth about $395,056,000. State Street Corp increased its position in shares of Sterling Infrastructure by 62.0% in the second quarter. State Street Corp now owns 1,131,751 shares of the construction company’s stock worth $261,129,000 after purchasing an additional 433,311 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Sterling Infrastructure by 29.8% in the third quarter. Invesco Ltd. now owns 955,387 shares of the construction company’s stock worth $324,526,000 after purchasing an additional 219,477 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors.
About Sterling Infrastructure
Sterling Infrastructure, Inc provides infrastructure, engineering and construction services across the United States. The company serves public and private-sector customers through three primary business segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions.
Its E-Infrastructure Solutions segment develops and builds large-scale infrastructure for data centers, advanced manufacturing facilities, energy and communications projects, and other complex industrial sites.
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