Cantor Fitzgerald Forecasts Strong Price Appreciation for Sterling Infrastructure (NASDAQ:STRL) Stock

Sterling Infrastructure (NASDAQ:STRL) had its price objective boosted by equities research analysts at Cantor Fitzgerald from $413.00 to $482.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the construction company’s stock. Cantor Fitzgerald’s price target would suggest a potential upside of 16.00% from the company’s previous close.

A number of other equities analysts also recently weighed in on STRL. DA Davidson upped their price target on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Stifel Nicolaus set a $486.00 target price on Sterling Infrastructure and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Zacks Research downgraded Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Weiss Ratings raised Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $489.33.

Sterling Infrastructure Trading Down 4.0%

NASDAQ:STRL opened at $415.51 on Monday. The stock has a market cap of $12.73 billion, a PE ratio of 44.34, a price-to-earnings-growth ratio of 2.47 and a beta of 1.48. Sterling Infrastructure has a fifty-two week low of $96.34 and a fifty-two week high of $477.03. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.01 and a quick ratio of 1.01. The stock’s 50-day moving average is $370.28 and its two-hundred day moving average is $346.50.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings results on Wednesday, February 25th. The construction company reported $3.08 EPS for the quarter, topping the consensus estimate of $2.63 by $0.45. Sterling Infrastructure had a net margin of 11.65% and a return on equity of 32.82%. The business had revenue of $755.61 million during the quarter, compared to analysts’ expectations of $639.41 million. Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. As a group, equities research analysts forecast that Sterling Infrastructure will post 5.98 earnings per share for the current fiscal year.

Sterling Infrastructure announced that its board has authorized a stock buyback program on Wednesday, November 12th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the construction company to purchase up to 3.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other news, Director Dwayne Andree Wilson sold 2,860 shares of the business’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $350.00, for a total value of $1,001,000.00. Following the completion of the sale, the director directly owned 14,749 shares in the company, valued at approximately $5,162,150. The trade was a 16.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dana C. O’brien sold 2,000 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $410.00, for a total value of $820,000.00. Following the completion of the sale, the director directly owned 11,498 shares in the company, valued at approximately $4,714,180. This represents a 14.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 6,860 shares of company stock worth $2,611,000. Insiders own 2.70% of the company’s stock.

Institutional Trading of Sterling Infrastructure

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Root Financial Partners LLC bought a new stake in Sterling Infrastructure in the third quarter valued at $26,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Sterling Infrastructure in the 3rd quarter valued at $28,000. Fifth Third Bancorp grew its holdings in shares of Sterling Infrastructure by 76.1% in the 3rd quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock worth $28,000 after purchasing an additional 35 shares during the last quarter. Bogart Wealth LLC grew its holdings in shares of Sterling Infrastructure by 535.7% in the 3rd quarter. Bogart Wealth LLC now owns 89 shares of the construction company’s stock worth $30,000 after purchasing an additional 75 shares during the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of Sterling Infrastructure during the 4th quarter worth about $31,000. Institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Company Profile

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.