Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL – Get Free Report) traded down 7.5% during trading on Wednesday. The stock traded as low as $532.39 and last traded at $521.3390. 78,213 shares were traded during trading, a decline of 87% from the average daily volume of 621,946 shares. The stock had previously closed at $563.69.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on STRL. Wall Street Zen downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 5th. 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 Sterling Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, September 9th. DA Davidson began coverage on Sterling Infrastructure in a research note on Friday, August 21st. They set a “buy” rating and a $700.00 price objective on the stock. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $742.00 price objective on shares of Sterling Infrastructure in a research report on Wednesday, September 30th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $733.00.
Get Our Latest Stock Analysis on Sterling Infrastructure
Sterling Infrastructure Price Performance
Sterling Infrastructure (NASDAQ:STRL – Get Free Report) last released its 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 firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $969.22 million. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. 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. Equities research analysts forecast that Sterling Infrastructure, Inc. will post 19.1 earnings per share for the current fiscal year.
Institutional Trading of Sterling Infrastructure
Hedge funds have recently added to or reduced their stakes in the business. Signature Equity Partners LLC increased 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 acquiring an additional 17 shares during the period. World Investment Advisors raised its holdings in shares of Sterling Infrastructure by 2.4% during the first quarter. World Investment Advisors now owns 870 shares of the construction company’s stock worth $354,000 after purchasing an additional 20 shares during the last quarter. TD Waterhouse Canada Inc. lifted its position in 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 purchasing an additional 20 shares during the period. Ritholtz Wealth Management lifted its position in 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 purchasing an additional 24 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Sterling Infrastructure by 43.6% in the second 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 last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading
- Five stocks we like better than Sterling Infrastructure
- Want Private-Market Access to Kalshi and Polymarket? Try This ETF
- Levi’s Stock Dip Reveals Value Opportunity Despite Q3 Headwinds
- PepsiCo Stock Looks Poised to Bottom With High Yield, Deep Value
- Alphabet’s $1.8 Billion Black Hills Deal Powers AI Data Center Push
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.
