Sterling Infrastructure (NASDAQ:STRL) Sets New 1-Year High – Time to Buy?

Sterling Infrastructure, Inc. (NASDAQ:STRL) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $893.13 and last traded at $883.39, with a volume of 259378 shares traded. The stock had previously closed at $854.28.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. DA Davidson increased their price objective on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. KeyCorp upped their price target on shares of Sterling Infrastructure from $572.00 to $889.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Weiss Ratings upgraded shares of Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 26th. Argus started coverage on shares of Sterling Infrastructure in a research note on Thursday, April 16th. They issued a “buy” rating and a $510.00 price objective on the stock. Finally, Wall Street Zen downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 28th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $668.20.

Sterling Infrastructure Stock Up 3.2%

The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $27.06 billion, a P/E ratio of 78.88, a PEG ratio of 3.15 and a beta of 1.64. The stock has a 50 day moving average price of $493.05 and a 200 day moving average price of $405.41.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings results on Monday, May 4th. The construction company reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $1.30. The firm had revenue of $825.68 million for the quarter, compared to analyst estimates of $603.58 million. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.During the same period last year, the firm posted $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. On average, research analysts anticipate that Sterling Infrastructure, Inc. will post 18.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Joseph A. Cutillo sold 50,000 shares of the firm’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $497.57, for a total transaction of $24,878,500.00. Following the completion of the transaction, the chief executive officer directly owned 290,593 shares of the company’s stock, valued at $144,590,359.01. This trade represents a 14.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Sterling Infrastructure

Hedge funds have recently made changes to their positions in the stock. State Street Corp grew its stake in shares of Sterling Infrastructure by 62.0% in the 2nd quarter. State Street Corp now owns 1,131,751 shares of the construction company’s stock valued at $261,129,000 after buying an additional 433,311 shares during the period. American Century Companies Inc. raised its holdings in shares of Sterling Infrastructure by 84.6% in the third quarter. American Century Companies Inc. now owns 654,096 shares of the construction company’s stock valued at $222,184,000 after purchasing an additional 299,724 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Sterling Infrastructure by 83.5% during the third quarter. First Trust Advisors LP now owns 606,236 shares of the construction company’s stock valued at $205,926,000 after purchasing an additional 275,830 shares in the last quarter. Invesco Ltd. increased its stake in Sterling Infrastructure by 29.8% in the 3rd quarter. Invesco Ltd. now owns 955,387 shares of the construction company’s stock valued at $324,526,000 after buying an additional 219,477 shares during the last quarter. Finally, Capital Research Global Investors boosted its stake in shares of Sterling Infrastructure by 104.1% in the 3rd quarter. Capital Research Global Investors now owns 364,830 shares of the construction company’s stock worth $123,925,000 after buying an additional 186,122 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors.

Sterling Infrastructure Company Profile

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.