Sterling Infrastructure (STRL) Stock Forecast, Price & News

0 brokerages have issued 1-year price targets for Sterling Infrastructure's stock. Their STRL share price forecasts range from $52.00 to $52.00. On average, they expect the company's stock price to reach $52.00 in the next year. This suggests a possible upside of 10.4% from the stock's current price.
View analysts price targets for STRL or view top-rated stocks among Wall Street analysts.

Sterling Infrastructure's stock was trading at $32.80 at the beginning of 2023. Since then, STRL shares have increased by 43.7% and is now trading at $47.12.
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Sterling Infrastructure saw a drop in short interest in May. As of May 15th, there was short interest totaling 387,400 shares, a drop of 21.5% from the April 30th total of 493,400 shares. Based on an average daily trading volume, of 246,400 shares, the days-to-cover ratio is presently 1.6 days.
View Sterling Infrastructure's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
View our STRL earnings forecast.

Sterling Infrastructure, Inc. (NASDAQ:STRL) issued its earnings results on Monday, November, 1st. The construction company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.58 by $0.14. The construction company had revenue of $463.45 million for the quarter, compared to analysts' expectations of $407 million. Sterling Infrastructure had a net margin of 5.57% and a trailing twelve-month return on equity of 20.92%. During the same period in the previous year, the firm posted $0.55 EPS.

ETFs with the largest weight of Sterling Infrastructure (NASDAQ:STRL) stock in their portfolio include First Trust RBA American Industrial Renaissance ETF (AIRR), Invesco DWA Industrials Momentum ETF (PRN), Roundhill Acquirers Deep Value ETF (DEEP), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), iShares US Small Cap Value Factor ETF (SVAL), Distillate Small/Mid Cash Flow ETF (DSMC), Royce Quant Small-Cap Quality Value ETF (SQLV) and iShares U.S. Infrastructure ETF (IFRA).

Sterling Infrastructure issued an update on its FY 2023 earnings guidance on Monday, May, 1st. The company provided earnings per share (EPS) guidance of $3.33-$3.53 for the period, compared to the consensus estimate of $3.43. The company issued revenue guidance of $1.90 billion-$2.00 billion, compared to the consensus revenue estimate of $1.90 billion.

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.

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).

Sterling Infrastructure trades on the NASDAQ under the ticker symbol "STRL."

Sterling Infrastructure's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.97%), Dimensional Fund Advisors LP (4.94%), Segall Bryant & Hamill LLC (2.96%), Renaissance Technologies LLC (2.76%), State Street Corp (1.99%) and Geode Capital Management LLC (1.87%). Insiders that own company stock include Joseph A Cutillo, Julie Dill and Mark D Wolf.
View institutional ownership trends.

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.
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One share of STRL stock can currently be purchased for approximately $47.12.

Sterling Infrastructure (NASDAQ:STRL) has a market capitalization of $1.45 billion and generates $1.77 billion in revenue each year. The construction company earns $106.46 million in net income (profit) each year or $3.50 on an earnings per share basis.

The company employs 3,200 workers across the globe.

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.