Sterling Infrastructure (NASDAQ:STRL) Earns Overweight Rating from Cantor Fitzgerald

Sterling Infrastructure (NASDAQ:STRL)‘s stock had its “overweight” rating reissued by research analysts at Cantor Fitzgerald in a note issued to investors on Wednesday, Benzinga reports. They presently have a $742.00 target price on the construction company’s stock. Cantor Fitzgerald’s target price suggests a potential upside of 49.55% from the company’s previous close.

A number of other equities analysts also recently issued reports on the company. Weiss Ratings downgraded Sterling Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, September 9th. KeyCorp dropped 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. DA Davidson initiated coverage on Sterling Infrastructure in a research note on Friday, August 21st. They issued a “buy” rating and a $700.00 price target on the stock. Wall Street Zen downgraded Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 5th. Finally, Zacks Research downgraded Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $690.33.

Sterling Infrastructure Stock Down 1.7%

Shares of Sterling Infrastructure stock traded down $8.79 on Wednesday, reaching $496.15. The company’s stock had a trading volume of 197,552 shares, compared to its average volume of 625,250. The company has a market capitalization of $15.18 billion, a price-to-earnings ratio of 35.76, a P/E/G ratio of 1.74 and a beta of 1.85. Sterling Infrastructure has a 52 week low of $281.58 and a 52 week high of $1,005.68. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.19. The firm’s fifty day simple moving average is $529.23 and its two-hundred day simple moving average is $612.86.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results 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 firm 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%.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 analysts anticipate that Sterling Infrastructure will post 19.1 earnings per share for the current year.

Hedge Funds Weigh In On Sterling Infrastructure

Several large investors have recently made changes to their positions in the business. Engle Capital Management L.P. increased its stake in Sterling Infrastructure by 156.5% during the first quarter. Engle Capital Management L.P. now owns 26,500 shares of the construction company’s stock worth $10,793,000 after acquiring an additional 16,167 shares during the last quarter. Jupiter Topco LLC bought a new stake in Sterling Infrastructure during the second quarter worth approximately $395,056,000. Equitable Holdings Inc. bought a new stake in Sterling Infrastructure during the second quarter worth approximately $5,012,000. The Manufacturers Life Insurance Company boosted 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 buying an additional 63,994 shares during the period. Finally, Deutsche Bank AG purchased a new position in shares of Sterling Infrastructure during the second quarter valued at approximately $18,337,000. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

About Sterling Infrastructure

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.