Sterling Infrastructure (NASDAQ:STRL) Trading Down 2.9% – Should You Sell?

Sterling Infrastructure, Inc. (NASDAQ:STRLGet Free Report)’s stock price was down 2.9% during mid-day trading on Tuesday . The stock traded as low as $458.51 and last traded at $459.02. Approximately 491,648 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 632,520 shares. The stock had previously closed at $472.87.

Wall Street Analyst Weigh In

STRL has been the subject of several recent research reports. Oppenheimer began coverage on Sterling Infrastructure in a report on Thursday, May 28th. They set an “outperform” rating and a $950.00 price objective for the company. Cantor Fitzgerald cut their target price on Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. Zacks Research downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Wall Street Zen lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 5th. Finally, KeyCorp lowered 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. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Sterling Infrastructure has an average rating of “Moderate Buy” and an average price target of $690.33.

Read Our Latest Report on STRL

Sterling Infrastructure Trading Up 3.8%

The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average price of $557.78 and a 200 day moving average price of $606.80. The stock has a market capitalization of $15.32 billion, a PE ratio of 36.14, a P/E/G ratio of 1.60 and a beta of 1.85.

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

Insider Activity

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 completion of the sale, the general counsel owned 28,137 shares in the company, valued at $24,985,656. This represents a 8.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sterling Infrastructure

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wellington Shields & Co. LLC bought a new position in shares of Sterling Infrastructure in the second quarter valued at approximately $29,000. Persistent Asset Partners Ltd bought a new stake in Sterling Infrastructure during the second quarter worth $40,000. MassMutual Private Wealth & Trust FSB boosted its position in Sterling Infrastructure by 100.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 60 shares of the construction company’s stock worth $50,000 after purchasing an additional 30 shares during the last quarter. TD Waterhouse Canada Inc. grew its stake in 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 purchasing an additional 20 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in 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 purchasing an additional 24 shares during the period. Hedge funds and other institutional investors own 80.95% of the company’s stock.

About Sterling Infrastructure

(Get Free Report)

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.

See Also

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.