Sterling Infrastructure (NASDAQ:STRL) Stock Price Down 1.4% – Should You Sell?

Sterling Infrastructure, Inc. (NASDAQ:STRL)’s stock price traded down 1.4% during trading on Wednesday . The stock traded as low as $489.83 and last traded at $495.15. Approximately 483,507 shares were traded during trading, a decline of 24% from the average session volume of 635,452 shares. The stock had previously closed at $502.20.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Oppenheimer started coverage on Sterling Infrastructure in a research note on Thursday, May 28th. They issued an “outperform” rating and a $950.00 target price on the stock. Weiss Ratings lowered shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Zacks Research cut shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Wall Street Zen lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, 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 for the company. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $690.33.

Sterling Infrastructure Trading Down 1.4%

The company has a market capitalization of $15.15 billion, a price-to-earnings ratio of 35.70, a PEG ratio of 1.69 and a beta of 1.85. The firm has a 50-day moving average price of $584.27 and a 200-day moving average price of $604.88. 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 (NASDAQ:STRL) last announced its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $5.01 by $0.79. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $969.22 million. The business’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. As a group, sell-side analysts predict that Sterling Infrastructure, Inc. will post 19.14 EPS for the current year.

Insider Buying and Selling at Sterling Infrastructure

In other news, General Counsel Mark Wolf sold 2,500 shares of the firm’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Sterling Infrastructure

Several institutional investors and hedge funds have recently added to or reduced their stakes in STRL. Engle Capital Management L.P. lifted its stake in shares of Sterling Infrastructure by 156.5% in the first quarter. Engle Capital Management L.P. now owns 26,500 shares of the construction company’s stock worth $10,793,000 after buying an additional 16,167 shares during the last quarter. Equitable Holdings Inc. bought a new stake in Sterling Infrastructure during the 2nd quarter valued at approximately $5,012,000. Deutsche Bank AG acquired a new stake in shares of Sterling Infrastructure in the second quarter worth $18,337,000. Jupiter Topco LLC acquired a new stake in Sterling Infrastructure in the 2nd quarter worth $395,056,000. Finally, Northwestern Mutual Investment Management Company LLC acquired a new stake in Sterling Infrastructure during the fourth quarter worth about $2,105,000. 80.95% of the stock is owned by institutional investors and hedge funds.

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.