Sterling Infrastructure (NASDAQ:STRL) Stock Rating Raised to Strong-Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Sterling Infrastructure to “strong buy” from “buy.” Across analysts, the stock has a “Moderate Buy” consensus rating and an average price target of $729.83.
• Sterling reported quarterly EPS of $7.58, beating the $6.20 consensus estimate, and revenue of $1.56 billion versus $1.19 billion expected. Revenue increased 127% year over year.
• Institutional investors own 80.95% of Sterling’s shares. The company operates in e-infrastructure, transportation, and building solutions.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued on Saturday, Wall Street Zen reports.

Several other equities analysts have also issued reports on STRL. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $742.00 price target on shares of Sterling Infrastructure in a research report on Thursday, October 29th. KeyCorp increased their target price on Sterling Infrastructure from $754.00 to $755.00 and gave the company an "overweight" rating in a research report on Thursday, October 15th. Zacks Research lowered Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 7th. Weiss Ratings downgraded Sterling Infrastructure from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, September 9th. Finally, Stifel Nicolaus reduced their price objective on Sterling Infrastructure from $804.00 to $742.00 and set a "buy" rating on the stock in a research note on Thursday, October 8th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $729.83.

Sterling Infrastructure Stock Up 3.5%

Shares of Sterling Infrastructure stock opened at $252.82 on Friday. Sterling Infrastructure has a twelve month low of $239.35 and a twelve month high of $1,005.68. The stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 0.63 and a beta of 1.97. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.06. The business's 50 day simple moving average is $452.01 and its 200-day simple moving average is $548.82.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last posted its earnings results on Wednesday, October 28th. The construction company reported $7.58 EPS for the quarter, topping the consensus estimate of $6.20 by $1.38. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.19 billion. Sterling Infrastructure had a return on equity of 45.97% and a net margin of 12.85%. The business's revenue for the quarter was up 127.0% compared to the same quarter last year. Equities research analysts forecast that Sterling Infrastructure will post 20.96 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of STRL. Wellington Shields & Co. LLC acquired a new position in shares of Sterling Infrastructure during the second quarter valued at approximately $29,000. Persistent Asset Partners Ltd acquired a new position in shares of Sterling Infrastructure in the second quarter worth $40,000. MassMutual Private Wealth & Trust FSB raised its stake in Sterling Infrastructure by 100.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 60 shares of the construction company's stock worth $50,000 after purchasing an additional 30 shares during the period. TD Waterhouse Canada Inc. lifted its position in shares of Sterling Infrastructure by 35.7% during the second quarter. TD Waterhouse Canada Inc. now owns 76 shares of the construction company's stock worth $59,000 after purchasing an additional 20 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Sterling Infrastructure by 43.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 79 shares of the construction company's stock worth $66,000 after purchasing an additional 24 shares during the period. Institutional investors own 80.95% of the company's stock.

About Sterling Infrastructure

Sterling Infrastructure, Inc is a U.S.-based infrastructure services company that provides construction and specialty contracting solutions through three principal business segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions.

Its E-Infrastructure Solutions segment supports the development of data centers, advanced manufacturing facilities, energy and power infrastructure, and other large-scale industrial projects. Transportation Solutions provides construction and rehabilitation services for highways, roads, bridges, airports, rail and transit systems, and related public infrastructure.

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