Sterling Infrastructure, Inc. (NASDAQ:STRL – Get Free Report)’s stock price was down 3.9% during trading on Monday . The stock traded as low as $483.68 and last traded at $496.66. Approximately 673,001 shares changed hands during trading, an increase of 5% from the average session volume of 642,390 shares. The stock had previously closed at $516.81.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on STRL. Wall Street Zen raised Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research report on Monday. Oppenheimer initiated coverage on Sterling Infrastructure in a research report on Thursday, May 28th. They set an “outperform” rating and a $950.00 price target for the company. DA Davidson initiated coverage on Sterling Infrastructure in a research report on Friday. They set a “buy” rating and a $700.00 price target for the company. Zacks Research downgraded Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Finally, Cantor Fitzgerald cut their price objective on Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $690.33.
View Our Latest Stock Analysis on Sterling Infrastructure
Sterling Infrastructure Stock Performance
Sterling Infrastructure (NASDAQ:STRL – Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $5.01 by $0.79. The company had revenue of $1.17 billion for 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%.Sterling Infrastructure’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. On average, research analysts predict that Sterling Infrastructure, Inc. will post 19.15 EPS for the current year.
Insiders Place Their Bets
In related news, General Counsel Mark D. Wolf sold 2,500 shares of Sterling Infrastructure stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the completion of the transaction, the general counsel directly owned 28,137 shares in the company, valued at approximately $24,985,656. This trade represents a 8.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.60% of the company’s stock.
Institutional Investors Weigh In On Sterling Infrastructure
Hedge funds and other institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System raised its position in shares of Sterling Infrastructure by 81,481.8% in the second quarter. California State Teachers Retirement System now owns 29,173,636 shares of the construction company’s stock worth $24,487,183,000 after acquiring an additional 29,137,876 shares during the period. Devon Energy Corp DE purchased a new stake in shares of Sterling Infrastructure during the 2nd quarter worth about $548,390,288,000. BlackRock Inc. acquired a new stake in shares of Sterling Infrastructure during the 2nd quarter valued at about $2,713,946,000. Ranger Investment Management L.P. purchased a new position in shares of Sterling Infrastructure in the 2nd quarter valued at about $23,381,000. Finally, Jupiter Topco LLC acquired a new position in Sterling Infrastructure in the 2nd quarter worth about $395,056,000. Institutional investors and hedge funds own 80.95% of the company’s stock.
About Sterling Infrastructure
Sterling Infrastructure, Inc (NASDAQ: STRL) is a diversified manufacturer and distributor of essential infrastructure products serving municipal, utility and industrial customers across North America. Through its network of wholly owned subsidiaries, the company designs, engineers and produces a wide range of cast and fabricated solutions tailored to the needs of the waterworks, natural gas, telecommunications, electric, traffic safety and parks & recreation markets.
The company’s product portfolio encompasses ductile iron and composite fittings, valve boxes, manhole frames and covers, water and gas meter sets, street light poles and mounting accessories, traffic sign posts with breakaway systems, bollards and related system components.
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