Cantor Fitzgerald Issues Positive Forecast for Sterling Infrastructure (NASDAQ:STRL) Stock Price

Sterling Infrastructure (NASDAQ:STRL) had its target price raised by research analysts at Cantor Fitzgerald from $482.00 to $956.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. Cantor Fitzgerald’s price target indicates a potential upside of 10.62% from the stock’s previous close.

Several other research analysts have also recently weighed in on the stock. KeyCorp boosted their price objective on shares of Sterling Infrastructure from $572.00 to $889.00 and gave the stock an “overweight” rating in a research report on Wednesday. DA Davidson increased their price objective on Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Argus initiated coverage on Sterling Infrastructure in a research report on Thursday, April 16th. They set a “buy” rating and a $510.00 target price for the company. Stifel Nicolaus set a $486.00 price target on Sterling Infrastructure and gave the company a “buy” rating in a research note on Wednesday, February 11th. Finally, Wall Street Zen cut Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 28th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $668.20.

Sterling Infrastructure Price Performance

NASDAQ:STRL traded up $19.44 during mid-day trading on Monday, reaching $864.24. 40,211 shares of the company were exchanged, compared to its average volume of 524,706. Sterling Infrastructure has a 12 month low of $176.15 and a 12 month high of $888.95. The company has a fifty day moving average of $459.67 and a 200 day moving average of $391.33. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The stock has a market cap of $26.52 billion, a PE ratio of 77.12, a PEG ratio of 3.12 and a beta of 1.64.

Sterling Infrastructure (NASDAQ:STRL) last announced its earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $1.30. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. The company had revenue of $825.68 million during the quarter, compared to the consensus estimate of $603.58 million. During the same period in the previous year, the firm posted $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. On average, research analysts anticipate that Sterling Infrastructure will post 18.06 EPS for the current fiscal year.

Insider Buying and Selling at Sterling Infrastructure

In other news, CEO Joseph A. Cutillo sold 50,000 shares of the stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $497.57, for a total value of $24,878,500.00. Following the transaction, the chief executive officer owned 290,593 shares of the company’s stock, valued at $144,590,359.01. This represents a 14.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sterling Infrastructure

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp grew its holdings in Sterling Infrastructure by 62.0% during the second quarter. State Street Corp now owns 1,131,751 shares of the construction company’s stock valued at $261,129,000 after purchasing an additional 433,311 shares during the period. Invesco Ltd. raised its stake in Sterling Infrastructure by 29.8% during the 3rd quarter. Invesco Ltd. now owns 955,387 shares of the construction company’s stock worth $324,526,000 after buying an additional 219,477 shares during the period. First Trust Advisors LP lifted its holdings in Sterling Infrastructure by 13.8% during the fourth quarter. First Trust Advisors LP now owns 689,942 shares of the construction company’s stock worth $211,281,000 after acquiring an additional 83,706 shares in the last quarter. American Century Companies Inc. grew its stake in Sterling Infrastructure by 84.6% in the third quarter. American Century Companies Inc. now owns 654,096 shares of the construction company’s stock valued at $222,184,000 after acquiring an additional 299,724 shares during the period. Finally, Janus Henderson Group PLC raised its position in shares of Sterling Infrastructure by 3.7% during the fourth quarter. Janus Henderson Group PLC now owns 575,886 shares of the construction company’s stock worth $176,331,000 after purchasing an additional 20,299 shares during the period. Institutional investors own 80.95% of the company’s stock.

About Sterling Infrastructure

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.