Sterling Infrastructure, Inc. (NASDAQ:STRL) Stock Has Average Target Price of $690.33

Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) have received an average rating of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $690.33.

Several brokerages have issued reports on STRL. Wall Street Zen downgraded Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. Cantor Fitzgerald lowered their target price on Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating for the company in a research note on Wednesday, August 5th. DA Davidson began coverage on Sterling Infrastructure in a report on Friday, August 21st. They issued a “buy” rating and a $700.00 price target for the company. Weiss Ratings downgraded shares of Sterling Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, September 9th. Finally, KeyCorp decreased their price objective on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th.

Institutional Trading of Sterling Infrastructure

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new position in Sterling Infrastructure in the second quarter valued at approximately $2,713,946,000. State Street Corp raised its position in shares of Sterling Infrastructure by 290.7% during the 2nd quarter. State Street Corp now owns 4,253,073 shares of the construction company’s stock valued at $3,569,859,000 after acquiring an additional 3,164,551 shares during the last quarter. Jupiter Topco LLC bought a new stake in shares of Sterling Infrastructure during the 2nd quarter valued at $395,056,000. First Trust Advisors LP lifted its stake in shares of Sterling Infrastructure by 27.3% in the 1st quarter. First Trust Advisors LP now owns 877,990 shares of the construction company’s stock valued at $357,579,000 after purchasing an additional 188,048 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of Sterling Infrastructure in the 2nd quarter valued at $144,725,000. 80.95% of the stock is owned by institutional investors.

Sterling Infrastructure Stock Performance

NASDAQ STRL opened at $513.72 on Friday. The firm has a market cap of $15.71 billion, a price-to-earnings ratio of 37.04, a PEG ratio of 1.80 and a beta of 1.85. The company has a 50 day moving average of $538.58 and a 200-day moving average of $610.94. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.19. Sterling Infrastructure has a 1-year low of $281.58 and a 1-year high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL) last announced its earnings results on Monday, August 3rd. The construction company reported $5.80 EPS for the quarter, topping the consensus estimate of $5.01 by $0.79. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $969.22 million. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.Sterling Infrastructure’s revenue was up 90.4% compared to the same quarter last year. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. On average, equities analysts forecast that Sterling Infrastructure will post 19.1 earnings per share for the current fiscal year.

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.