Sterling Infrastructure, Inc. (NASDAQ:STRL – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $690.33.
Several equities analysts have recently commented on the company. DA Davidson initiated coverage on Sterling Infrastructure in a research report on Friday, August 21st. They set a “buy” rating and a $700.00 price objective on the stock. Weiss Ratings downgraded Sterling Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, September 9th. Wall Street Zen lowered Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 5th. KeyCorp reduced their price target on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $742.00 price target on shares of Sterling Infrastructure in a research note on Wednesday.
View Our Latest Stock Report on STRL
Sterling Infrastructure Stock Performance
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, beating 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 business’s quarterly 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. As a group, equities research analysts predict that Sterling Infrastructure will post 19.1 EPS for the current fiscal year.
Hedge Funds Weigh In On Sterling Infrastructure
A number of large investors have recently added to or reduced their stakes in STRL. Signature Equity Partners LLC grew its holdings in Sterling Infrastructure by 19.5% in the 1st quarter. Signature Equity Partners LLC now owns 104 shares of the construction company’s stock worth $42,000 after acquiring an additional 17 shares during the last quarter. World Investment Advisors increased its position in shares of Sterling Infrastructure by 2.4% in the first quarter. World Investment Advisors now owns 870 shares of the construction company’s stock valued at $354,000 after acquiring an additional 20 shares during the period. TD Waterhouse Canada Inc. raised its stake in shares of Sterling Infrastructure by 35.7% during the second 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 during the last quarter. Ritholtz Wealth Management raised its stake in shares of Sterling Infrastructure by 3.6% during the first 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. boosted its holdings in shares of Sterling Infrastructure by 43.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 79 shares of the construction company’s stock worth $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
Sterling Infrastructure, Inc is an infrastructure services company that provides construction and rehabilitation solutions for public and private-sector customers in the United States. Formerly known as Sterling Construction Company, the company adopted its current name to reflect the expansion of its business beyond traditional transportation construction.
The company operates through three principal business segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions.
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