Sterling Infrastructure (NASDAQ:STRL) Stock Rating Lowered by Wall Street Zen

Sterling Infrastructure (NASDAQ:STRL) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Sunday.

Several other analysts also recently commented on STRL. Cantor Fitzgerald decreased their price objective on shares of Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. Weiss Ratings lowered Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. Zacks Research cut Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. KeyCorp lowered their price objective on Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. Finally, Oppenheimer assumed coverage on Sterling Infrastructure in a research report on Thursday, May 28th. They set an “outperform” rating and a $950.00 target price for the company. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $657.00.

Sterling Infrastructure Trading Up 4.8%

Shares of Sterling Infrastructure stock opened at $603.89 on Friday. Sterling Infrastructure has a 1-year low of $263.45 and a 1-year high of $1,005.68. The company’s fifty day simple moving average is $698.78 and its 200-day simple moving average is $594.29. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $18.47 billion, a PE ratio of 43.54, a P/E/G ratio of 2.01 and a beta of 1.88.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 EPS for the quarter, topping 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 firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $969.22 million. Sterling Infrastructure’s revenue for the quarter 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. As a group, equities analysts anticipate that Sterling Infrastructure will post 19.11 earnings per share for the current year.

Insider Activity at Sterling Infrastructure

In related news, General Counsel Mark D. Wolf sold 2,500 shares of the stock in a transaction that occurred on Thursday, June 25th. The stock was 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 directly owned 28,137 shares of the company’s stock, valued at approximately $24,985,656. This represents a 8.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Wellington Shields & Co. LLC bought a new stake in shares of Sterling Infrastructure in the 2nd quarter worth about $29,000. Kemnay Advisory Services Inc. bought a new position in shares of Sterling Infrastructure in the 4th quarter valued at about $31,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Sterling Infrastructure by 33.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock valued at $33,000 after acquiring an additional 27 shares during the last quarter. Cedar Mountain Advisors LLC grew its position in Sterling Infrastructure by 8,000.0% in the first quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company’s stock worth $33,000 after acquiring an additional 80 shares in the last quarter. Finally, Rakuten Securities Inc. grew its position in Sterling Infrastructure by 6,950.0% in the second quarter. Rakuten Securities Inc. now owns 141 shares of the construction company’s stock worth $33,000 after acquiring an additional 139 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors.

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.