Sterling Infrastructure (NASDAQ:STRL) Stock Keeps Overweight Rating at Cantor Fitzgerald

Sterling Infrastructure (NASDAQ:STRL)‘s stock had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald in a report released on Wednesday, Benzinga reports. They currently have a $742.00 price target on the construction company’s stock. Cantor Fitzgerald’s price objective points to a potential upside of 50.88% from the company’s current price.

STRL has been the topic of a number of other research reports. DA Davidson assumed coverage on shares of Sterling Infrastructure in a research report on Friday, August 21st. They issued a “buy” rating and a $700.00 target price on the stock. Zacks Research cut shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. KeyCorp decreased 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 report on Wednesday, August 5th. Wall Street Zen cut shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. Finally, Weiss Ratings cut shares of Sterling Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, September 9th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Sterling Infrastructure presently has a consensus rating of “Moderate Buy” and a consensus price target of $690.33.

Sterling Infrastructure Trading Down 2.6%

Shares of STRL traded down $13.16 during mid-day trading on Wednesday, reaching $491.78. The stock had a trading volume of 545,907 shares, compared to its average volume of 627,135. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.11 and a quick ratio of 1.11. Sterling Infrastructure has a 52-week low of $281.58 and a 52-week high of $1,005.68. The business’s fifty day moving average is $529.23 and its 200 day moving average is $612.86. The firm has a market cap of $15.04 billion, a price-to-earnings ratio of 35.46, a P/E/G ratio of 1.74 and a beta of 1.85.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.01 by $0.79. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $969.22 million. The company’s quarterly 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, sell-side analysts predict that Sterling Infrastructure will post 19.1 EPS for the current fiscal year.

Institutional Trading of Sterling Infrastructure

Hedge funds have recently made changes to their positions in the business. State Street Corp lifted its position in shares of Sterling Infrastructure by 290.7% during the second 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. BlackRock Inc. acquired a new stake in shares of Sterling Infrastructure during the second quarter worth about $2,713,946,000. Jupiter Topco LLC acquired a new stake in shares of Sterling Infrastructure during the second quarter worth about $395,056,000. First Trust Advisors LP lifted its position in shares of Sterling Infrastructure by 27.3% during the first 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, Janus Henderson Group PLC lifted its position in shares of Sterling Infrastructure by 7.5% during the first quarter. Janus Henderson Group PLC now owns 619,145 shares of the construction company’s stock worth $252,207,000 after purchasing an additional 43,259 shares in the last quarter. Institutional investors and hedge funds 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.