Sterling Infrastructure (NASDAQ:STRL) Given "Overweight" Rating at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald reiterated its “overweight” rating on Sterling Infrastructure and set a $742 price target, implying 48.81% potential upside from the prior close.
• Analyst sentiment remains positive overall, with six Buy ratings and two Holds, producing a “Moderate Buy” consensus and average price target of $733.
• Sterling Infrastructure recently exceeded quarterly expectations, reporting $5.80 EPS versus $5.01 forecast and $1.17 billion in revenue, up 90.4% year over year.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report)'s stock had its "overweight" rating reissued by research analysts at Cantor Fitzgerald in a report issued on Wednesday, Benzinga reports. They currently have a $742.00 price target on the construction company's stock. Cantor Fitzgerald's price target points to a potential upside of 48.81% from the company's previous close.

A number of other brokerages have also recently commented on STRL. Stifel Nicolaus lowered their price target on Sterling Infrastructure from $804.00 to $742.00 and set a "buy" rating for the company in a research note on Thursday, October 8th. Weiss Ratings cut Sterling Infrastructure from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, September 9th. Zacks Research cut Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 7th. Wall Street Zen cut Sterling Infrastructure from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 5th. Finally, KeyCorp lowered their price target on Sterling Infrastructure from $922.00 to $754.00 and set an "overweight" rating for the company in a research note on Wednesday, August 5th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $733.00.

Sterling Infrastructure Stock Performance

Sterling Infrastructure stock opened at $498.61 on Wednesday. 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 has a 1 year low of $281.58 and a 1 year high of $1,005.68. The company has a market cap of $15.25 billion, a PE ratio of 35.95, a PEG ratio of 1.75 and a beta of 1.86. The company's 50-day moving average is $510.98 and its two-hundred day moving average is $619.62.

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 (EPS) for the quarter, beating analysts' consensus estimates of $5.01 by $0.79. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $969.22 million. Sterling Infrastructure's revenue was up 90.4% on a year-over-year basis. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. Equities analysts anticipate that Sterling Infrastructure will post 19.10 earnings per share for the current year.

Institutional Trading of Sterling Infrastructure

A number of large investors have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. bought a new stake in Sterling Infrastructure during the 3rd quarter worth approximately $580,000. Krilogy Financial LLC increased its stake in Sterling Infrastructure by 46.5% during the 3rd quarter. Krilogy Financial LLC now owns 457 shares of the construction company's stock worth $229,000 after purchasing an additional 145 shares in the last quarter. GAMMA Investing LLC increased its stake in Sterling Infrastructure by 10.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,428 shares of the construction company's stock worth $702,000 after purchasing an additional 136 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Sterling Infrastructure by 5.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,694 shares of the construction company's stock worth $1,817,000 after purchasing an additional 176 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its stake in Sterling Infrastructure by 1.5% during the 3rd quarter. Valeo Financial Advisors LLC now owns 2,284 shares of the construction company's stock worth $1,123,000 after purchasing an additional 34 shares in the last quarter. 80.95% of the stock is owned by institutional investors.

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.