Sterling Infrastructure, Inc. (STRL) - What Are Brokerages Thinking About This Stock?

Key Points

• Analysts have a Moderate Buy consensus on Sterling Infrastructure, with seven of nine covering brokerages rating it a buy and two a hold; the average 12-month price target is $709.14.
• Recent analyst actions were mixed: KeyCorp raised its target to $755 and JPMorgan initiated coverage with an overweight rating, while Weiss Ratings and Zacks Research downgraded their views and Stifel cut its target to $742.
• Sterling beat quarterly estimates, reporting $7.58 in earnings per share versus $6.20 expected and revenue of $1.56 billion, up 127% year over year. Shares were quoted at $292.39, down 3.1% on the day.

Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the nine brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $709.14.

Several equities analysts recently issued reports on STRL shares. Weiss Ratings lowered Sterling Infrastructure from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, September 9th. KeyCorp upped their price target on shares of Sterling Infrastructure from $754.00 to $755.00 and gave the company an "overweight" rating in a report on Thursday, October 15th. JPMorgan Chase & Co. began coverage on shares of Sterling Infrastructure in a research report on Tuesday, November 10th. They set an "overweight" rating and a $585.00 price objective for the company. Zacks Research lowered shares of Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a report on Friday, August 7th. Finally, Stifel Nicolaus cut their price objective on shares of Sterling Infrastructure from $804.00 to $742.00 and set a "buy" rating on the stock in a research report on Thursday, October 8th.

Institutional Investors Weigh In On Sterling Infrastructure

A number of hedge funds and other institutional investors have recently bought and sold shares of STRL. Signature Equity Partners LLC boosted its holdings in Sterling Infrastructure by 19.5% in the first quarter. Signature Equity Partners LLC now owns 104 shares of the construction company's stock worth $42,000 after acquiring an additional 17 shares in the last quarter. TD Waterhouse Canada Inc. raised its holdings in Sterling Infrastructure by 35.7% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 76 shares of the construction company's stock worth $59,000 after acquiring an additional 20 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Sterling Infrastructure by 43.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 79 shares of the construction company's stock worth $66,000 after acquiring an additional 24 shares during the last quarter. Signaturefd LLC lifted its position in Sterling Infrastructure by 4.7% in the 3rd quarter. Signaturefd LLC now owns 640 shares of the construction company's stock valued at $315,000 after acquiring an additional 29 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Sterling Infrastructure by 100.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 60 shares of the construction company's stock valued at $50,000 after acquiring an additional 30 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

Sterling Infrastructure Trading Down 3.1%

STRL traded down $9.21 during mid-day trading on Friday, hitting $292.39. The stock had a trading volume of 807,771 shares, compared to its average volume of 1,174,499. The stock's fifty day simple moving average is $435.29 and its 200-day simple moving average is $547.16. The firm has a market capitalization of $8.92 billion, a price-to-earnings ratio of 16.41, a price-to-earnings-growth ratio of 0.56 and a beta of 1.97. Sterling Infrastructure has a 1-year low of $239.35 and a 1-year high of $1,005.68. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.04 and a quick ratio of 1.04.

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

Sterling Infrastructure Company Profile

Sterling Infrastructure, Inc. NASDAQ: STRL is a U.S.-based construction company that delivers infrastructure and building services through its E-Infrastructure Solutions, Transportation Solutions and Building Solutions segments. E-Infrastructure Solutions provides site development and related services for data centers, manufacturing facilities, distribution centers and other large-scale projects. Transportation Solutions builds and improves public infrastructure, including roads and bridges, while Building Solutions focuses on concrete foundations and other construction services for residential and commercial customers.

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