NASDAQ:STRL

Sterling Infrastructure (STRL) Stock Forecast, Price & News

$73.48

-0.23 (-0.31%)

(As of 09/29/2023 08:53 PM ET)

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Today's Range: $73.18
▼
$74.90
50-Day Range: $57.26
▼
$83.13
52-Week Range: $20.98
▼
$84.00

Volume: 243,300 shs
Average Volume: 317,958 shs
Market Capitalization: $2.26 billion

P/E Ratio: 18.79
Dividend Yield: N/A
Price Target: $65.00

Sterling Infrastructure MarketRank™ Forecast

Analyst Rating: 0.00 Rating Score
Upside/Downside: 11.5% Downside
$65.00 Price Target
Short Interest: Healthy
1.29% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 14.43%
From $4.09 to $4.68 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.58 out of 5 stars

Construction Sector

94th out of 102 stocks

Heavy Construction, Except Building Construction - Contractors Industry

7th out of 9 stocks

0.0

Analyst's Opinion

Price Target Upside/Downside
According to analysts' consensus price target of $65.00, Sterling Infrastructure has a forecasted downside of 11.5% from its current price of $73.48.
Amount of Analyst Coverage
Sterling Infrastructure has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.29% of the outstanding shares of Sterling Infrastructure have been sold short.
Short Interest Ratio / Days to Cover
Sterling Infrastructure has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Sterling Infrastructure has recently increased by 7.73%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Sterling Infrastructure does not currently pay a dividend.
Dividend Growth
Sterling Infrastructure does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for STRL.

3.3

News and Social Media Coverage

News Sentiment
Sterling Infrastructure has a news sentiment score of 1.87. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of Construction companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Sterling Infrastructure this week, compared to 3 articles on an average week.
Search Interest
Only 27 people have searched for STRL on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
14 people have added Sterling Infrastructure to their MarketBeat watchlist in the last 30 days. This is an increase of 8% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Sterling Infrastructure insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.70% of the stock of Sterling Infrastructure is held by insiders.
Percentage Held by Institutions
80.89% of the stock of Sterling Infrastructure is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Sterling Infrastructure are expected to grow by 14.43% in the coming year, from $4.09 to $4.68 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Sterling Infrastructure is 18.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.09.
Price to Earnings Ratio vs. Sector
The P/E ratio of Sterling Infrastructure is 18.79, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 14.70.
Price to Earnings Growth Ratio
Sterling Infrastructure has a PEG Ratio of 0.90. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Sterling Infrastructure has a P/B Ratio of 4.67. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Sterling Infrastructure (NASDAQ:STRL) Stock

Sterling Infrastructure, Inc. engages in the e-infrastructure, transportation, and building solutions primarily in the Southern United States, the Northeastern and Mid-Atlantic United States, the Rocky Mountain states, California, and Hawaii. It undertakes infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, light rail, water, wastewater, and storm drainage systems for the departments of transportation in various states, regional transit authorities, airport authorities, port authorities, water authorities and railroads. The company also offers specialty site infrastructure improvement contracting services for blue-chip end users in the e-commerce, data center, distribution center and warehousing, energy sectors, and others. In addition, it undertakes residential and commercial concrete foundations for single-family and multi-family homes, parking structures, elevated slabs, and other concrete work for national home builders, regional and custom home builders, and developers and general contractors in commercial markets. The company was formerly known as Sterling Construction Company, Inc. and changed its name to Sterling Infrastructure, Inc. in June 2022. Sterling Infrastructure, Inc. was founded in 1955 and is headquartered in The Woodlands, Texas.

STRL Price History

30 days | 90 days | 365 days | Advanced Chart

STRL Stock News Headlines

September 11, 2023 | finance.yahoo.com

Best Growth Stocks to Buy for September 11th

August 30, 2023 | msn.com

Here is Why Growth Investors Should Buy Sterling Infrastructure (STRL) Now

October 2, 2023 | Edge On The Street (Ad)

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August 22, 2023 | msn.com

Chart of the Day: Sterling Infrastructure - Build Back Better

August 11, 2023 | msn.com

Best Momentum Stock to Buy for August 11th

August 8, 2023 | finance.yahoo.com

Sterling Infrastructure (STRL) Beats Q2 Earnings and Revenue Estimates

August 8, 2023 | finance.yahoo.com

Sterling Reports Second Quarter 2023 Record Results

August 4, 2023 | benzinga.com

Sterling Infrastructure's Earnings: A Preview

October 2, 2023 | Edge On The Street (Ad)

Gold Could Be Heading for Record Highs - But How to Play It?

August 3, 2023 | finance.yahoo.com

Sterling (STRL) to Report Q2 Earnings: Here's What to Expect

July 31, 2023 | finance.yahoo.com

If EPS Growth Is Important To You, Sterling Infrastructure (NASDAQ:STRL) Presents An Opportunity

July 27, 2023 | finance.yahoo.com

Sterling Schedules 2023 Second Quarter Release and Conference Call

July 27, 2023 | finance.yahoo.com

Sterling Announces Record Bookings of $424 Million in E-Infrastructure Solutions for the Second Quarter 2023

July 21, 2023 | finance.yahoo.com

Sterling Announces a $216 Million Transportation Solutions Design-Build Award

July 20, 2023 | finance.yahoo.com

Sterling Infrastructure (STRL) Stock Moves -0.34%: What You Should Know

July 17, 2023 | finance.yahoo.com

Sterling Infrastructure (STRL) Outpaces Stock Market Gains: What You Should Know

July 15, 2023 | fool.com

Sterling Infrastructure (NASDAQ: STRL)

July 12, 2023 | seekingalpha.com

Sterling Infrastructure: Another Top-Rated Stock With More To Show

July 11, 2023 | msn.com

Sterling Infrastructure (STRL) Gains But Lags Market: What You Should Know

July 6, 2023 | msn.com

Sterling Infrastructure (STRL) Price Target Increased by 13.00% to 57.63

July 3, 2023 | msn.com

DA Davidson Maintains Sterling Infrastructure (STRL) Buy Recommendation

July 3, 2023 | benzinga.com

DA Davidson Maintains Buy on Sterling Infrastructure, Raises Price Target to $65

June 22, 2023 | finance.yahoo.com

Looking for a Fast-paced Momentum Stock at a Bargain? Consider Sterling Infrastructure (STRL)

May 31, 2023 | finance.yahoo.com

Sterling Infrastructure, Inc.'s (NASDAQ:STRL) Intrinsic Value Is Potentially 37% Above Its Share Price

May 29, 2023 | msn.com

STRL vs. ACM: Which Stock Should Value Investors Buy Now?

May 24, 2023 | finance.yahoo.com

Sterling to Participate in Upcoming Investor Conferences

May 17, 2023 | finance.yahoo.com

Sterling Infrastructure, Inc. (NASDAQ:STRL) is largely controlled by institutional shareholders who own 85% of the company

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STRL Company Calendar

Last Earnings: 8/07/2023
Today: 10/02/2023
Next Earnings (Estimated): 10/30/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Heavy construction, except building construction - contractors
Sub-Industry: Construction & Engineering
Sector: Construction
Current Symbol: NASDAQ:STRL
CUSIP: 85924110
CIK: 874238
Web: www.strlco.com
Phone: (281) 214-0777
Fax: 302-655-5049
Employees: 3,200
Year Founded: 1955

Price Target and Rating

Average Stock Price Forecast: $65.00
High Stock Price Forecast: $65.00
Low Stock Price Forecast: $65.00
Forecasted Upside/Downside: -11.5%
Consensus Rating
Rating Score (0-4): 0.00
Research Coverage: 0 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.91
Trailing P/E Ratio: 18.79
Forward P/E Ratio: 17.97
P/E Growth: 0.9
Net Income: $106.46 million
Net Margins: 6.23%
Pretax Margin: 8.17%
Return on Equity: 22.25%
Return on Assets: 7.33%

Debt

Debt-to-Equity Ratio: 0.61
Current Ratio: 1.26
Quick Ratio: 1.26

Sales & Book Value

Annual Sales: $1.77 billion
Price / Sales: 1.28
Cash Flow: $4.97 per share
Price / Cash Flow: 14.77
Book Value: $15.75 per share
Price / Book: 4.67

Miscellaneous

Outstanding Shares: 30,820,000
Free Float: 29,524,000
Market Cap: $2.26 billion
Optionable: Optionable
Beta: 1.33

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Key Executives

Mr. Joseph A. Cutillo (Age 57)
CEO, Pres & Director
Comp: $2.69M

Mr. Ronald A. Ballschmiede (Age 67)
Exec. VP, CFO, Chief Accounting Officer & Treasurer
Comp: $1.4M

Mr. Mark D. Wolf (Age 62)
Gen. Counsel, Corp. Sec. & Chief Compliance Officer
Comp: $725.02k

Mr. Kevan M. Blair
Sr. VP of Corp. Fin.

Ms. Noelle Christine Dilts C.F.A.
VP of Investor Relations & Corp. Strategy

Mr. Con L. Wadsworth (Age 62)
Pres of Heavy Civil Segment

Ms. Jennifer Maxwell
Director of Investor Relations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

STRL Stock - Frequently Asked Questions

What is Sterling Infrastructure's stock price forecast for 2023?: 0 equities research analysts have issued 1-year price objectives for Sterling Infrastructure's shares. Their STRL share price forecasts range from $65.00 to $65.00. On average, they expect the company's stock price to reach $65.00 in the next year. This suggests that the stock has a possible downside of 11.5%.
View analysts price targets for STRL or view top-rated stocks among Wall Street analysts.
How have STRL shares performed in 2023?: Sterling Infrastructure's stock was trading at $32.80 on January 1st, 2023. Since then, STRL shares have increased by 124.0% and is now trading at $73.48.
View the best growth stocks for 2023 here.
When is Sterling Infrastructure's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
View our STRL earnings forecast.
How were Sterling Infrastructure's earnings last quarter?: Sterling Infrastructure, Inc. (NASDAQ:STRL) announced its quarterly earnings data on Monday, August, 7th. The construction company reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.34. The construction company earned $522.33 million during the quarter, compared to the consensus estimate of $491.50 million. Sterling Infrastructure had a net margin of 6.23% and a trailing twelve-month return on equity of 22.25%.
What ETFs hold Sterling Infrastructure's stock?: ETFs with the largest weight of Sterling Infrastructure (NASDAQ:STRL) stock in their portfolio include First Trust RBA American Industrial Renaissance ETF (AIRR), Invesco Building & Construction ETF (PKB), Clough Select Equity ETF (CBSE), Clough Long/Short Equity ETF (CBLS), Procure Disaster Recovery Strategy ETF (FIXT), Procure Disaster Recovery Strategy ETF (FEMA), Invesco Dorsey Wright Industrials Momentum ETF (PRN) and AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC).
What guidance has Sterling Infrastructure issued on next quarter's earnings?: Sterling Infrastructure updated its FY 2023 earnings guidance on Wednesday, August, 9th. The company provided EPS guidance of $4.00-$4.20 for the period, compared to the consensus earnings per share estimate of $3.52. The company issued revenue guidance of $1.95 billion-$2.05 billion, compared to the consensus revenue estimate of $1.95 billion.
What is Peter E. MacKenna's approval rating as Sterling Infrastructure's CEO?: 5 employees have rated Sterling Infrastructure Chief Executive Officer Peter E. MacKenna on Glassdoor.com. Peter E. MacKenna has an approval rating of 72% among the company's employees.

What other stocks do shareholders of Sterling Infrastructure own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Sterling Infrastructure investors own include Freeport-McMoRan (FCX), Advanced Micro Devices (AMD), Micron Technology (MU), Alibaba Group (BABA), AbbVie (ABBV), Applied Materials (AMAT), Ford Motor (F), Novavax (NVAX), Twitter (TWTR) and Walgreens Boots Alliance (WBA).
What is Sterling Infrastructure's stock symbol?: Sterling Infrastructure trades on the NASDAQ under the ticker symbol "STRL."
How do I buy shares of Sterling Infrastructure?: Shares of STRL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Sterling Infrastructure's stock price today?: One share of STRL stock can currently be purchased for approximately $73.48.
How much money does Sterling Infrastructure make?: Sterling Infrastructure (NASDAQ:STRL) has a market capitalization of $2.26 billion and generates $1.77 billion in revenue each year. The construction company earns $106.46 million in net income (profit) each year or $3.91 on an earnings per share basis.
How many employees does Sterling Infrastructure have?: The company employs 3,200 workers across the globe.
Does Sterling Infrastructure have any subsidiaries?: The following companies are subsidiares of Sterling Infrastructure: DeWitt Excavation LLC, J. Banicki Construction Inc., LK Gregory Construction Inc., Myers & Sons Construction L.P., Myers & Sons Construction LLC, Plateau Excavation Inc., RHB Properties LLC, Ralph L. Wadsworth Construction Co. LP, Ralph L. Wadsworth Construction Company LLC, Road and Highway Builders Inc., Road and Highway Builders LLC, Road and Highway Builders of California Inc., Sterling Hawaii Asphalt LLC, Tealstone Commercial Inc., Tealstone Residential Concrete Inc., Texas Sterling Construction Co., and Texas Sterling – Banicki JV LLC.
Read More
How can I contact Sterling Infrastructure?: Sterling Infrastructure's mailing address is 1800 HUGHES LANDING BOULEVARD, THE WOODLANDS TX, 77380. The official website for the company is www.strlco.com. The construction company can be reached via phone at (281) 214-0777, via email at mary.morley@strlco.com, or via fax at 302-655-5049.

This page (NASDAQ:STRL) was last updated on 10/2/2023 by MarketBeat.com Staff

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