Sterling Infrastructure (NASDAQ:STRL) Stock Rating Lowered by Wall Street Zen

Sterling Infrastructure (NASDAQ:STRL) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Sunday.

Several other equities analysts also recently commented on STRL. Argus started coverage on shares of Sterling Infrastructure in a research note on Thursday, April 16th. They issued a “buy” rating and a $510.00 price target for the company. Zacks Research downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. KeyCorp boosted their price target on shares of Sterling Infrastructure from $572.00 to $889.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Oppenheimer initiated coverage on shares of Sterling Infrastructure in a research report on Thursday. They set an “outperform” rating and a $950.00 price objective for the company. Finally, Cantor Fitzgerald lifted their price objective on shares of Sterling Infrastructure from $482.00 to $956.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $715.17.

Sterling Infrastructure Stock Performance

NASDAQ:STRL opened at $860.84 on Friday. The company has a fifty day simple moving average of $583.40 and a two-hundred day simple moving average of $439.00. The company has a market cap of $26.42 billion, a price-to-earnings ratio of 77.00, a price-to-earnings-growth ratio of 3.19 and a beta of 1.64. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. Sterling Infrastructure has a 52 week low of $183.40 and a 52 week high of $893.13.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings results on Monday, May 4th. The construction company reported $3.59 EPS for the quarter, topping the consensus estimate of $2.29 by $1.30. The business had revenue of $825.68 million during the quarter, compared to the consensus estimate of $603.58 million. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. During the same quarter in the previous year, the firm posted $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, equities analysts anticipate that Sterling Infrastructure will post 18.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Joseph A. Cutillo sold 50,000 shares of the business’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $497.57, for a total value of $24,878,500.00. Following the completion of the sale, the chief executive officer directly owned 290,593 shares of the company’s stock, valued at $144,590,359.01. The trade was a 14.68% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sterling Infrastructure

Institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC purchased a new stake in shares of Sterling Infrastructure in the first quarter valued at about $378,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised 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 buying an additional 9,625 shares during the last quarter. Focus Partners Wealth raised its holdings in shares of Sterling Infrastructure by 13.7% in the first quarter. Focus Partners Wealth now owns 2,313 shares of the construction company’s stock valued at $262,000 after buying an additional 279 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Sterling Infrastructure in the second quarter valued at about $5,929,000. Finally, Cerity Partners LLC raised its holdings in shares of Sterling Infrastructure by 195.7% in the second quarter. Cerity Partners LLC now owns 19,522 shares of the construction company’s stock valued at $4,504,000 after buying an additional 12,921 shares during the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

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.