Sterling Infrastructure (NASDAQ:STRL) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Sterling Infrastructure to “strong buy” from “buy.” Overall, analysts maintain a “Buy” consensus with an average price target of $657, despite mixed rating changes and recent target-price reductions from some firms.
• Sterling reported a strong quarter, with adjusted earnings of $5.80 per share versus the $5.01 consensus estimate and revenue of $1.17 billion, up 90.4% year over year and ahead of expectations.
• Institutional investors own approximately 80.95% of Sterling’s shares, with several funds increasing their positions; an insider sale of 2,500 shares was also reported.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) was upgraded by analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Saturday.

Other research analysts also recently issued reports about the company. Weiss Ratings downgraded Sterling Infrastructure from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, July 28th. Zacks Research raised Sterling Infrastructure from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 1st. Cantor Fitzgerald dropped their price objective on Sterling Infrastructure from $956.00 to $742.00 and set an "overweight" rating on the stock in a research note on Wednesday. Oppenheimer initiated coverage on Sterling Infrastructure in a report on Thursday, May 28th. They issued an "outperform" rating and a $950.00 price objective for the company. Finally, KeyCorp lowered their target price on shares of Sterling Infrastructure from $922.00 to $754.00 and set an "overweight" rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $657.00.

Sterling Infrastructure Stock Performance

STRL stock opened at $547.06 on Friday. Sterling Infrastructure has a 1-year low of $263.45 and a 1-year high of $1,005.68. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.19. The firm has a market cap of $16.73 billion, a PE ratio of 39.44, a P/E/G ratio of 1.88 and a beta of 1.88. The business's 50-day moving average price is $740.83 and its two-hundred day moving average price is $584.32.

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, beating the consensus estimate of $5.01 by $0.79. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $969.22 million. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The company's revenue for the quarter 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. As a group, research analysts forecast that Sterling Infrastructure will post 19.01 earnings per share for the current year.

Insider Buying and Selling at Sterling Infrastructure

In other news, General Counsel Mark D. Wolf sold 2,500 shares of the firm'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 sale, the general counsel directly owned 28,137 shares in the company, valued at approximately $24,985,656. This trade represents a 8.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Sterling Infrastructure

Hedge funds and other institutional investors have recently made changes to their positions in the company. Engle Capital Management L.P. increased its stake in Sterling Infrastructure by 156.5% in the 1st quarter. Engle Capital Management L.P. now owns 26,500 shares of the construction company's stock worth $10,793,000 after acquiring an additional 16,167 shares during the last quarter. Northwestern Mutual Investment Management Company LLC bought a new position in shares of Sterling Infrastructure in the fourth quarter worth approximately $2,105,000. Truist Financial Corp increased its position in shares of Sterling Infrastructure by 30.8% in the fourth quarter. Truist Financial Corp now owns 5,005 shares of the construction company's stock worth $1,533,000 after purchasing an additional 1,179 shares during the last quarter. Private Advisor Group LLC raised its stake in Sterling Infrastructure by 28.2% in the first quarter. Private Advisor Group LLC now owns 7,099 shares of the construction company's stock valued at $2,891,000 after purchasing an additional 1,561 shares in the last quarter. Finally, Ranger Investment Management L.P. purchased a new stake in Sterling Infrastructure in the first quarter valued at approximately $21,844,000. 80.95% of the stock is currently owned by institutional investors.

About Sterling Infrastructure

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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