Sterling Infrastructure (NASDAQ:STRL – Get Free Report) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday, Wall Street Zen reports.
A number of other brokerages have also recently weighed in on STRL. DA Davidson cut their price objective on shares of Sterling Infrastructure from $700.00 to $680.00 and set a “buy” rating on the stock in a research note on Friday, October 30th. Stifel Nicolaus decreased their price objective on shares of Sterling Infrastructure from $804.00 to $742.00 and set a “buy” rating for the company in a report on Thursday, October 8th. KeyCorp raised their price objective on shares of Sterling Infrastructure from $754.00 to $755.00 and gave the company an “overweight” rating in a research note on Thursday, October 15th. Zacks Research downgraded Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Finally, Weiss Ratings lowered Sterling Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, September 9th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Sterling Infrastructure presently has a consensus rating of “Moderate Buy” and a consensus price target of $729.83.
View Our Latest Analysis on STRL
Sterling Infrastructure Price Performance
NASDAQ:STRL opened at $252.82 on Friday. The firm has a market capitalization of $7.71 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 0.47 and a beta of 1.97. The stock has a 50 day moving average of $452.01 and a 200-day moving average of $548.82. Sterling Infrastructure has a 52 week low of $239.35 and a 52 week high of $1,005.68. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.06.
Sterling Infrastructure (NASDAQ:STRL – Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The construction company reported $7.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.20 by $1.38. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.19 billion. Sterling Infrastructure had a return on equity of 45.97% and a net margin of 12.85%. The business’s revenue for the quarter was up 127.0% on a year-over-year basis. Analysts predict that Sterling Infrastructure will post 20.96 EPS for the current year.
Hedge Funds Weigh In On Sterling Infrastructure
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Engle Capital Management L.P. grew its stake in shares of Sterling Infrastructure by 156.5% in the first quarter. Engle Capital Management L.P. now owns 26,500 shares of the construction company’s stock valued at $10,793,000 after acquiring an additional 16,167 shares in the last quarter. Jupiter Topco LLC acquired a new stake in Sterling Infrastructure in the 2nd quarter worth about $395,056,000. Equitable Holdings Inc. acquired a new stake in Sterling Infrastructure in the 2nd quarter worth about $5,012,000. The Manufacturers Life Insurance Company raised its stake in Sterling Infrastructure by 191.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 97,448 shares of the construction company’s stock worth $81,794,000 after purchasing an additional 63,994 shares in the last quarter. Finally, Engineers Gate Manager LP bought a new stake in Sterling Infrastructure in the 2nd quarter valued at about $10,804,000. Institutional investors and hedge funds own 80.95% of the company’s stock.
Sterling Infrastructure Company Profile
Sterling Infrastructure, Inc (NASDAQ: STRL) is a U.S.-based construction company that delivers infrastructure and building services through its E-Infrastructure Solutions, Transportation Solutions and Building Solutions segments.
E-Infrastructure Solutions provides site development and related services for data centers, manufacturing facilities, distribution centers and other large-scale projects. Transportation Solutions builds and improves public infrastructure, including roads and bridges, while Building Solutions focuses on concrete foundations and other construction services for residential and commercial customers.
Formerly known as Sterling Construction Company, the business traces its roots to 1955 and adopted the Sterling Infrastructure name in 2022.
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