Cantor Fitzgerald Reaffirms Overweight Rating for Sterling Infrastructure (NASDAQ:STRL)

Sterling Infrastructure (NASDAQ:STRL)‘s stock had its “overweight” rating reiterated by equities researchers at Cantor Fitzgerald in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $742.00 price target on the construction company’s stock. Cantor Fitzgerald’s target price would indicate a potential upside of 63.77% from the stock’s previous close.

Several other brokerages have also weighed in on STRL. 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 downgraded shares of Sterling Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, September 9th. KeyCorp decreased their price target on Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 5th. Stifel Nicolaus decreased their price target on Sterling Infrastructure from $804.00 to $742.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. Finally, Wall Street Zen cut Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 5th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Sterling Infrastructure currently has an average rating of “Moderate Buy” and an average target price of $733.00.

Sterling Infrastructure Price Performance

NASDAQ:STRL traded down $45.54 during trading hours on Wednesday, hitting $453.07. The company’s stock had a trading volume of 728,098 shares, compared to its average volume of 623,832. The business’s 50-day moving average is $510.98 and its two-hundred day moving average is $619.62. The company has a market capitalization of $13.86 billion, a PE ratio of 32.67, a PEG ratio of 1.75 and a beta of 1.86. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.11 and a current ratio of 1.11. Sterling Infrastructure has a 52-week low of $281.58 and a 52-week high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.01 by $0.79. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $969.22 million. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%. The company’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. As a group, research analysts anticipate that Sterling Infrastructure will post 19.10 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in STRL. BlackRock Inc. purchased a new stake in Sterling Infrastructure during the 2nd quarter worth about $2,713,946,000. State Street Corp increased its position in Sterling Infrastructure by 290.7% during the 2nd quarter. State Street Corp now owns 4,253,073 shares of the construction company’s stock worth $3,569,859,000 after purchasing an additional 3,164,551 shares in the last quarter. Jupiter Topco LLC purchased a new stake in Sterling Infrastructure during the 2nd quarter worth about $395,056,000. First Trust Advisors LP increased its position in Sterling Infrastructure by 27.3% during the 1st quarter. First Trust Advisors LP now owns 877,990 shares of the construction company’s stock worth $357,579,000 after purchasing an additional 188,048 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Sterling Infrastructure during the 2nd quarter worth about $144,725,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Company Profile

Sterling Infrastructure, Inc is an infrastructure services company that provides construction and rehabilitation solutions for public and private-sector customers in the United States. Formerly known as Sterling Construction Company, the company adopted its current name to reflect the expansion of its business beyond traditional transportation construction.

The company operates through three principal business segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions.