Sterling Infrastructure, Inc. (NASDAQ:STRL) Given Consensus Rating of “Buy” by Brokerages

Sterling Infrastructure, Inc. (NASDAQ:STRL) has been assigned a consensus rating of “Buy” from the five research firms that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $489.3333.

STRL has been the topic of a number of recent analyst reports. Zacks Research upgraded Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 4th. DA Davidson boosted their target price on 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 price target on shares of Sterling Infrastructure and gave the company a “buy” rating in a research note on Wednesday, February 11th. Weiss Ratings raised shares of Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 26th. Finally, Wall Street Zen downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 28th.

Sterling Infrastructure Price Performance

Sterling Infrastructure stock opened at $416.34 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.25. The company has a fifty day simple moving average of $410.75 and a 200-day simple moving average of $365.34. The stock has a market cap of $12.77 billion, a P/E ratio of 44.43, a price-to-earnings-growth ratio of 2.19 and a beta of 1.51. Sterling Infrastructure has a 12-month low of $96.34 and a 12-month high of $477.03.

Sterling Infrastructure (NASDAQ:STRL) last posted its earnings results on Wednesday, February 25th. The construction company reported $3.08 EPS for the quarter, beating the consensus estimate of $2.63 by $0.45. Sterling Infrastructure had a return on equity of 32.82% and a net margin of 11.65%.The firm had revenue of $755.61 million for the quarter, compared to analyst estimates of $639.41 million. Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. Equities analysts expect that Sterling Infrastructure will post 5.98 EPS for the current fiscal year.

Insider Buying and Selling

In related 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 of the company’s stock, valued at $5,162,150. The trade was a 16.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joseph A. Cutillo sold 50,000 shares of the company’s stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $453.48, for a total transaction of $22,674,000.00. Following the completion of the transaction, the chief executive officer owned 340,593 shares of the company’s stock, valued at $154,452,113.64. This represents a 12.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 56,860 shares of company stock worth $25,285,000 in the last ninety days. 3.70% of the stock is owned by corporate insiders.

Institutional Trading of Sterling Infrastructure

A number of large investors have recently made changes to their positions in the company. Empowered Funds LLC acquired a new position in Sterling Infrastructure during the first quarter worth approximately $378,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Sterling Infrastructure by 12.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 83,983 shares of the construction company’s stock valued at $9,508,000 after acquiring an additional 9,625 shares during the period. Focus Partners Wealth grew its position in shares of Sterling Infrastructure by 13.7% during the first quarter. Focus Partners Wealth now owns 2,313 shares of the construction company’s stock worth $262,000 after acquiring an additional 279 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Sterling Infrastructure by 8.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 122,623 shares of the construction company’s stock valued at $28,293,000 after acquiring an additional 9,374 shares during the period. Finally, Lido Advisors LLC acquired a new position in shares of Sterling Infrastructure in the 2nd quarter valued at $374,000. 80.95% of the stock is owned by institutional investors and hedge funds.

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.