Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL – Get Free Report) hit a new 52-week low during trading on Thursday. The stock traded as low as $271.00 and last traded at $267.2910, with a volume of 47,871 shares trading hands. The stock had previously closed at $283.66.
Analyst Upgrades and Downgrades
STRL has been the subject of several recent analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $742.00 price objective on shares of Sterling Infrastructure in a report on Thursday, October 29th. DA Davidson dropped their target price on shares of Sterling Infrastructure from $700.00 to $680.00 and set a “buy” rating on the stock in a report on Friday, October 30th. KeyCorp upped their price target on shares of Sterling Infrastructure from $754.00 to $755.00 and gave the company an “overweight” rating in a report 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, Stifel Nicolaus dropped their price objective on Sterling Infrastructure from $804.00 to $742.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $729.83.
Get Our Latest Analysis on STRL
Sterling Infrastructure Trading Down 11.1%
The company has a debt-to-equity ratio of 0.06, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $7.69 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 0.67 and a beta of 1.97. The business has a fifty day moving average price of $462.14 and a 200 day moving average price of $549.84.
Sterling Infrastructure (NASDAQ:STRL – Get Free Report) last announced its earnings results on Wednesday, October 28th. The construction company reported $7.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.20 by $1.38. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.19 billion. Sterling Infrastructure had a net margin of 12.85% and a return on equity of 45.97%. The company’s revenue for the quarter was up 127.0% compared to the same quarter last year. On average, equities analysts expect that Sterling Infrastructure, Inc. will post 20.91 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in STRL. Wellington Shields & Co. LLC bought a new position in Sterling Infrastructure during the second quarter valued at about $29,000. Persistent Asset Partners Ltd bought a new stake in shares of Sterling Infrastructure in the 2nd quarter worth approximately $40,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Sterling Infrastructure by 100.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 60 shares of the construction company’s stock worth $50,000 after acquiring an additional 30 shares during the period. TD Waterhouse Canada Inc. grew its holdings in shares of Sterling Infrastructure by 35.7% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 76 shares of the construction company’s stock worth $59,000 after purchasing an additional 20 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Sterling Infrastructure by 43.6% during the 2nd 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 in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.
About Sterling Infrastructure
Sterling Infrastructure, Inc is a U.S.-based infrastructure services company that provides construction and specialty contracting solutions through three principal business segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions.
Its E-Infrastructure Solutions segment supports the development of data centers, advanced manufacturing facilities, energy and power infrastructure, and other large-scale industrial projects. Transportation Solutions provides construction and rehabilitation services for highways, roads, bridges, airports, rail and transit systems, and related public infrastructure.
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