Zacks Research Upgrades Sterling Infrastructure (NASDAQ:STRL) to “Strong-Buy”

Sterling Infrastructure (NASDAQ:STRL) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

A number of other analysts also recently issued reports on the stock. KeyCorp boosted their price objective on shares of Sterling Infrastructure from $889.00 to $922.00 and gave the company an “overweight” rating in a report on Tuesday. Stifel Nicolaus set a $486.00 price objective on shares of Sterling Infrastructure and gave the company a “buy” rating in a report on Wednesday, February 11th. Weiss Ratings downgraded shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. DA Davidson boosted their price objective on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a report on Friday, February 27th. Finally, Oppenheimer assumed coverage on shares of Sterling Infrastructure in a report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, Sterling Infrastructure currently has an average rating of “Buy” and an average price target of $720.67.

Sterling Infrastructure Stock Performance

NASDAQ STRL opened at $875.52 on Monday. 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 company has a market capitalization of $26.87 billion, a P/E ratio of 78.31, a P/E/G ratio of 3.13 and a beta of 1.81. Sterling Infrastructure has a 12-month low of $190.42 and a 12-month high of $893.13. The firm has a 50-day moving average price of $591.67 and a two-hundred day moving average price of $442.65.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data on Monday, May 4th. The construction company reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $1.30. The firm had revenue of $825.68 million during the quarter, compared to the consensus estimate of $603.58 million. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. During the same quarter in the previous year, the firm posted $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Analysts anticipate that Sterling Infrastructure will post 18.01 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Joseph A. Cutillo sold 50,000 shares of the stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $497.57, for a total value of $24,878,500.00. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sterling Infrastructure

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp increased its position in Sterling Infrastructure by 76.1% in the 3rd quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock valued at $28,000 after acquiring an additional 35 shares during the period. Kemnay Advisory Services Inc. acquired a new position in Sterling Infrastructure in the 4th quarter valued at approximately $31,000. EverSource Wealth Advisors LLC increased its position in 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 period. Cedar Mountain Advisors LLC increased its position in Sterling Infrastructure by 8,000.0% in the 1st quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company’s stock valued at $33,000 after acquiring an additional 80 shares during the period. Finally, Rakuten Securities Inc. increased its position in shares of Sterling Infrastructure by 6,950.0% during the second quarter. Rakuten Securities Inc. now owns 141 shares of the construction company’s stock worth $33,000 after buying an additional 139 shares during the period. 80.95% of the stock is currently owned by institutional investors and hedge funds.

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.