Sterling Infrastructure (NASDAQ:STRL) Shares Down 2.9% – Here’s Why

Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) were down 2.9% during trading on Tuesday . The stock traded as low as $458.51 and last traded at $459.02. Approximately 491,648 shares were traded during trading, a decline of 22% from the average session volume of 632,520 shares. The stock had previously closed at $472.87.

Wall Street Analyst Weigh In

A number of research firms have recently commented on STRL. Oppenheimer initiated coverage on shares of Sterling Infrastructure in a research report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 price target on the stock. KeyCorp lowered their target price on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 5th. Zacks Research lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Weiss Ratings cut shares of Sterling Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, September 9th. Finally, Wall Street Zen downgraded Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $690.33.

Sterling Infrastructure Stock Down 2.9%

The company has a market capitalization of $14.04 billion, a P/E ratio of 33.09, a PEG ratio of 1.78 and a beta of 1.85. The firm has a 50-day moving average price of $565.65 and a two-hundred day moving average price of $606.42. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.19.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, beating analysts’ consensus estimates of $5.01 by $0.79. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $969.22 million. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The firm’s revenue for the quarter was up 90.4% on a year-over-year basis. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. Equities research analysts anticipate that Sterling Infrastructure, Inc. will post 19.14 EPS for the current fiscal year.

Insider Buying and Selling at Sterling Infrastructure

In related news, General Counsel Mark Wolf sold 2,500 shares of Sterling Infrastructure stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the sale, the general counsel directly owned 28,137 shares of the company’s stock, valued at $24,985,656. This trade represents a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Sterling Infrastructure

Several large investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its position in shares of Sterling Infrastructure by 191.3% during the second quarter. The Manufacturers Life Insurance Company now owns 97,448 shares of the construction company’s stock valued at $81,794,000 after purchasing an additional 63,994 shares during the period. Sequoia Financial Advisors LLC increased its holdings in Sterling Infrastructure by 435.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,110 shares of the construction company’s stock valued at $4,289,000 after purchasing an additional 4,156 shares in the last quarter. Tidal Investments LLC lifted its position in Sterling Infrastructure by 111.9% during the 2nd quarter. Tidal Investments LLC now owns 123,759 shares of the construction company’s stock worth $103,878,000 after buying an additional 65,361 shares in the last quarter. Engineers Gate Manager LP acquired a new position in shares of Sterling Infrastructure during the second quarter worth approximately $10,804,000. Finally, Integrated Wealth Concepts LLC increased its stake in shares of Sterling Infrastructure by 43.6% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 1,130 shares of the construction company’s stock valued at $948,000 after buying an additional 343 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

About Sterling Infrastructure

Sterling Infrastructure, Inc provides infrastructure, engineering and construction services across the United States. The company serves public and private-sector customers through three primary business segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions.

Its E-Infrastructure Solutions segment develops and builds large-scale infrastructure for data centers, advanced manufacturing facilities, energy and communications projects, and other complex industrial sites.