Sterling Infrastructure, Inc. (NASDAQ:STRL – Get Free Report)’s stock price traded up 2.6% during mid-day trading on Friday . The company traded as high as $519.89 and last traded at $518.68. Approximately 1,010,572 shares traded hands during mid-day trading, an increase of 59% from the average daily volume of 636,400 shares. The stock had previously closed at $505.72.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on STRL. Cantor Fitzgerald dropped their price objective on shares of Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 5th. DA Davidson initiated coverage on shares of Sterling Infrastructure in a report on Friday, August 21st. They set a “buy” rating and a $700.00 price target on the stock. Wall Street Zen lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. KeyCorp cut their price objective on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating for the company in a report on Wednesday, August 5th. Finally, Weiss Ratings downgraded shares of Sterling Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, September 9th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Sterling Infrastructure presently has a consensus rating of “Moderate Buy” and a consensus price target of $690.33.
Check Out Our Latest Research Report on Sterling Infrastructure
Sterling Infrastructure Trading Up 2.6%
Sterling Infrastructure (NASDAQ:STRL – Get Free Report) last released 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 business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $969.22 million. The business’s quarterly revenue 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. As a group, sell-side analysts expect that Sterling Infrastructure, Inc. will post 19.1 earnings per share for the current fiscal year.
Insider Activity at Sterling Infrastructure
In other news, General Counsel Mark Wolf sold 2,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the general counsel owned 28,137 shares in the company, valued at $24,985,656. This trade represents a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.60% of the stock is owned by insiders.
Institutional Trading of Sterling Infrastructure
Several large investors have recently made changes to their positions in the company. Signature Equity Partners LLC lifted its stake in shares of Sterling Infrastructure by 19.5% in the first quarter. Signature Equity Partners LLC now owns 104 shares of the construction company’s stock worth $42,000 after buying an additional 17 shares in the last quarter. World Investment Advisors grew its stake in Sterling Infrastructure by 2.4% during the 1st quarter. World Investment Advisors now owns 870 shares of the construction company’s stock valued at $354,000 after acquiring an additional 20 shares in the last quarter. TD Waterhouse Canada Inc. grew its stake in Sterling Infrastructure by 35.7% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 76 shares of the construction company’s stock valued at $59,000 after acquiring an additional 20 shares in the last quarter. Ritholtz Wealth Management raised its holdings in Sterling Infrastructure by 3.6% in the 1st quarter. Ritholtz Wealth Management now owns 686 shares of the construction company’s stock valued at $279,000 after acquiring an additional 24 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings 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 acquiring an additional 24 shares during the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.
Sterling Infrastructure Company Profile
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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