Sterling Infrastructure’s (STRL) “Overweight” Rating Reaffirmed at Cantor Fitzgerald

Sterling Infrastructure (NASDAQ:STRL)‘s stock had its “overweight” rating restated by investment analysts at Cantor Fitzgerald in a report issued on Wednesday, Benzinga reports. They currently have a $742.00 price objective on the construction company’s stock. Cantor Fitzgerald’s price target indicates a potential upside of 46.95% from the stock’s current price.

STRL has been the subject of a number of other research reports. Zacks Research downgraded Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Weiss Ratings lowered Sterling Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, September 9th. DA Davidson initiated coverage on shares of Sterling Infrastructure in a research report on Friday, August 21st. They issued a “buy” rating and a $700.00 price target on the stock. KeyCorp reduced their price objective on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 5th. Finally, Wall Street Zen downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 5th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $690.33.

Sterling Infrastructure Stock Performance

Shares of NASDAQ:STRL opened at $504.94 on Wednesday. The stock has a market capitalization of $15.45 billion, a P/E ratio of 36.41, a P/E/G ratio of 1.74 and a beta of 1.85. 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. The business has a 50-day moving average price of $529.23 and a two-hundred day moving average price of $612.86.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, topping 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 business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $969.22 million. 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 predict that Sterling Infrastructure will post 19.1 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Signature Equity Partners LLC grew its position in Sterling Infrastructure by 19.5% during the 1st quarter. Signature Equity Partners LLC now owns 104 shares of the construction company’s stock worth $42,000 after acquiring an additional 17 shares during the last quarter. World Investment Advisors lifted its position in Sterling Infrastructure by 2.4% in the first quarter. World Investment Advisors now owns 870 shares of the construction company’s stock valued at $354,000 after purchasing an additional 20 shares during the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of Sterling Infrastructure by 35.7% during the second quarter. TD Waterhouse Canada Inc. now owns 76 shares of the construction company’s stock valued at $59,000 after purchasing an additional 20 shares during the period. Ritholtz Wealth Management grew its holdings in shares of Sterling Infrastructure by 3.6% in the first quarter. Ritholtz Wealth Management now owns 686 shares of the construction company’s stock worth $279,000 after purchasing an additional 24 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Sterling Infrastructure by 43.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 79 shares of the construction company’s stock worth $66,000 after buying an additional 24 shares during the period. 80.95% of the stock is currently owned by 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.