Cantor Fitzgerald Cuts Sterling Infrastructure (NASDAQ:STRL) Price Target to $742.00

Sterling Infrastructure (NASDAQ:STRL) had its price objective trimmed by Cantor Fitzgerald from $956.00 to $742.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the construction company’s stock.

A number of other equities analysts have also weighed in on the company. Weiss Ratings lowered Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. Oppenheimer assumed coverage on shares of Sterling Infrastructure in a report on Thursday, May 28th. They set an “outperform” rating and a $950.00 price target on the stock. Zacks Research raised shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Monday, June 1st. Argus started coverage on shares of Sterling Infrastructure in a research report on Thursday, April 16th. They issued a “buy” rating and a $510.00 price objective for the company. Finally, KeyCorp upped their price objective on Sterling Infrastructure from $889.00 to $922.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. Based on data from MarketBeat, Sterling Infrastructure presently has a consensus rating of “Buy” and a consensus price target of $657.00.

Sterling Infrastructure Price Performance

NASDAQ STRL opened at $547.06 on Wednesday. The business’s fifty day moving average price is $740.83 and its 200-day moving average price is $584.32. Sterling Infrastructure has a 1-year low of $263.45 and a 1-year high of $1,005.68. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.11 and a quick ratio of 1.10. The stock has a market capitalization of $16.73 billion, a price-to-earnings ratio of 39.44, a PEG ratio of 1.88 and a beta of 1.88.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.01 by $0.79. The company had revenue of $1.17 billion for 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 company’s revenue was up 90.4% on a year-over-year basis. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. On average, equities analysts predict that Sterling Infrastructure will post 19.01 earnings per share for the current year.

Insider Activity at Sterling Infrastructure

In related news, General Counsel Mark D. Wolf sold 2,500 shares of Sterling Infrastructure stock in a transaction that occurred on 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 transaction, the general counsel owned 28,137 shares in the company, valued at approximately $24,985,656. This trade represents a 8.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Sterling Infrastructure

Hedge funds have recently modified their holdings of the company. Meeder Advisory Services Inc. acquired a new stake in Sterling Infrastructure during the second quarter worth about $333,000. Meeder Asset Management Inc. acquired a new position in Sterling Infrastructure during the second quarter worth $87,000. Citizens Financial Group Inc. RI acquired a new position in Sterling Infrastructure in the 2nd quarter valued at about $305,000. Pavion Blue Capital LLC acquired a new position in shares of Sterling Infrastructure in the second quarter worth $634,000. Finally, BlackRock Inc. acquired a new position in shares of Sterling Infrastructure during the second quarter worth about $2,713,946,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

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.