Sterling Infrastructure (NASDAQ:STRL) Rating Increased to Strong-Buy at Zacks Research

Sterling Infrastructure (NASDAQ:STRL) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Several other equities research analysts have also recently commented on the stock. DA Davidson raised their target price on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Argus began coverage on shares of Sterling Infrastructure in a research report on Thursday, April 16th. They set a “buy” rating and a $510.00 price target for the company. KeyCorp lifted their price target on shares of Sterling Infrastructure from $889.00 to $922.00 and gave the company an “overweight” rating in a research report on Tuesday. Cantor Fitzgerald lifted their price target on shares of Sterling Infrastructure from $482.00 to $956.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Finally, Weiss Ratings cut shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, Sterling Infrastructure presently has an average rating of “Buy” and a consensus price target of $720.67.

Sterling Infrastructure Trading Up 3.6%

NASDAQ:STRL opened at $875.52 on Monday. The company has a 50-day moving average price of $591.67 and a 200-day moving average price of $442.65. Sterling Infrastructure has a 12 month low of $190.42 and a 12 month high of $893.13. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23. The stock has a market cap of $26.87 billion, a price-to-earnings ratio of 78.31, a P/E/G ratio of 3.13 and a beta of 1.81.

Sterling Infrastructure (NASDAQ:STRL) last posted its 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. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. The firm had revenue of $825.68 million during the quarter, compared to analysts’ expectations of $603.58 million. During the same period last year, the company posted $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Equities analysts predict that Sterling Infrastructure will post 18.01 EPS for the current year.

Insider Transactions at Sterling Infrastructure

In other Sterling Infrastructure news, CEO Joseph A. Cutillo sold 50,000 shares of Sterling Infrastructure stock in a transaction dated 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 transaction, the chief executive officer directly owned 290,593 shares of the company’s stock, valued at approximately $144,590,359.01. The trade was a 14.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Signature Equity Partners LLC raised its holdings in Sterling Infrastructure by 19.5% in the first quarter. Signature Equity Partners LLC now owns 104 shares of the construction company’s stock worth $42,000 after buying an additional 17 shares during the last quarter. World Investment Advisors raised its holdings in Sterling Infrastructure by 2.4% in the first quarter. World Investment Advisors now owns 870 shares of the construction company’s stock worth $354,000 after buying an additional 20 shares during the last quarter. Ritholtz Wealth Management raised its holdings in Sterling Infrastructure by 3.6% in the first quarter. Ritholtz Wealth Management now owns 686 shares of the construction company’s stock worth $279,000 after buying an additional 24 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Sterling Infrastructure by 33.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock worth $33,000 after buying an additional 27 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in Sterling Infrastructure by 27.5% in the third quarter. UMB Bank n.a. now owns 130 shares of the construction company’s stock worth $44,000 after buying an additional 28 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.