Cantor Fitzgerald Reaffirms Overweight Rating for Sterling Infrastructure (NASDAQ:STRL)

Sterling Infrastructure (NASDAQ:STRL - Get Free Report)'s stock had its "overweight" rating reiterated by equities research analysts at Cantor Fitzgerald in a report issued on Wednesday, Benzinga reports. They presently have a $742.00 target price on the construction company's stock. Cantor Fitzgerald's price objective would indicate a potential upside of 39.09% from the stock's previous close.

STRL has been the topic of a number of other research reports. Zacks Research lowered Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a research 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. KeyCorp dropped their price objective on shares of Sterling Infrastructure from $922.00 to $754.00 and set an "overweight" rating on the stock in a report on Wednesday, August 5th. Wall Street Zen lowered shares of Sterling Infrastructure from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 5th. Finally, DA Davidson assumed coverage on shares of Sterling Infrastructure in a report on Friday, August 21st. They set a "buy" rating and a $700.00 price objective on the stock. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $690.33.

Sterling Infrastructure Trading Up 5.6%

NASDAQ STRL traded up $28.37 during trading hours on Wednesday, hitting $533.49. The company's stock had a trading volume of 341,762 shares, compared to its average volume of 624,145. The stock has a fifty day moving average of $520.43 and a 200 day moving average of $614.22. Sterling Infrastructure has a twelve month low of $281.58 and a twelve month high of $1,005.68. The firm has a market capitalization of $16.32 billion, a P/E ratio of 38.50, a PEG ratio of 1.72 and a beta of 1.86. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.19.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last released its earnings results 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. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $969.22 million. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.The company's revenue 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. Equities research analysts forecast that Sterling Infrastructure will post 19.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. State Street Corp increased its stake in shares of Sterling Infrastructure by 290.7% during the 2nd quarter. State Street Corp now owns 4,253,073 shares of the construction company's stock worth $3,569,859,000 after purchasing an additional 3,164,551 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Sterling Infrastructure during the 2nd quarter worth approximately $2,713,946,000. Jupiter Topco LLC acquired a new position in shares of Sterling Infrastructure during the 2nd quarter worth approximately $395,056,000. First Trust Advisors LP increased its holdings in shares of Sterling Infrastructure by 27.3% during the 1st quarter. First Trust Advisors LP now owns 877,990 shares of the construction company's stock worth $357,579,000 after acquiring an additional 188,048 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Sterling Infrastructure by 7.5% during the 1st quarter. Janus Henderson Group PLC now owns 619,145 shares of the construction company's stock worth $252,207,000 after acquiring an additional 43,259 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

Sterling Infrastructure Company Profile

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.