Sterling Infrastructure (NASDAQ:STRL) Cut to Buy at Wall Street Zen

Key Points

• Wall Street Zen downgraded Sterling Infrastructure from “strong buy” to “buy,” while analysts overall maintain a “Moderate Buy” consensus with an average price target of $690.33.
• Sterling Infrastructure reported strong quarterly results, with adjusted earnings of $5.80 per share versus a $5.01 estimate and revenue of $1.17 billion, up 90.4% year over year.
• The stock opened at $486.49, well below its 12-month high of $1,005.68; institutional investors own approximately 80.95% of shares, while an insider recently sold $2.22 million worth of stock.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report issued on Saturday, Wall Street Zen reports.

Other equities research analysts also recently issued research reports about the company. Zacks Research downgraded Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a report on Friday, August 7th. Oppenheimer began coverage on shares of Sterling Infrastructure in a research note on Thursday, May 28th. They issued an "outperform" rating and a $950.00 price target on the stock. DA Davidson assumed coverage on shares of Sterling Infrastructure in a research report on Friday, August 21st. They set a "buy" rating and a $700.00 price target on the stock. KeyCorp cut 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. Finally, Weiss Ratings downgraded Sterling Infrastructure from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, July 28th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Sterling Infrastructure has an average rating of "Moderate Buy" and a consensus price target of $690.33.

Sterling Infrastructure Price Performance

Sterling Infrastructure stock opened at $486.49 on Friday. Sterling Infrastructure has a 12 month low of $270.00 and a 12 month high of $1,005.68. The stock's 50 day moving average is $597.56 and its 200-day moving average is $602.61. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $14.88 billion, a price-to-earnings ratio of 35.08, a PEG ratio of 1.60 and a beta of 1.85.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $5.01 by $0.79. The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $969.22 million. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.The firm'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 research analysts expect that Sterling Infrastructure will post 19.14 EPS for the current year.

Insider Buying and Selling

In other news, General Counsel Mark Wolf sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $888.00, for a total value of $2,220,000.00. Following the completion of the transaction, the general counsel directly owned 28,137 shares in the company, valued at approximately $24,985,656. The trade was a 8.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Sterling Infrastructure

Large investors have recently made changes to their positions in the company. Empowered Funds LLC bought a new stake in Sterling Infrastructure during the first quarter worth $378,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Sterling Infrastructure by 12.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 83,983 shares of the construction company's stock valued at $9,508,000 after purchasing an additional 9,625 shares in the last quarter. Focus Partners Wealth increased its stake in shares of Sterling Infrastructure by 13.7% in the 1st quarter. Focus Partners Wealth now owns 2,313 shares of the construction company's stock valued at $262,000 after purchasing an additional 279 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Sterling Infrastructure during the 2nd quarter worth $5,929,000. Finally, Cerity Partners LLC raised its holdings in shares of Sterling Infrastructure by 195.7% during the 2nd quarter. Cerity Partners LLC now owns 19,522 shares of the construction company's stock worth $4,504,000 after buying an additional 12,921 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

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.

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