Sterling Infrastructure (NASDAQ:STRL) Stock Price Up 6.4% – Here’s Why

Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) rose 6.4% on Wednesday . The stock traded as high as $936.68 and last traded at $931.24. Approximately 202,316 shares traded hands during trading, a decline of 63% from the average daily volume of 542,456 shares. The stock had previously closed at $875.52.

Analysts Set New Price Targets

STRL has been the topic of several recent analyst reports. Stifel Nicolaus set a $486.00 target price on Sterling Infrastructure and gave the stock a “buy” rating in a report on Wednesday, February 11th. Wall Street Zen lowered Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Sunday. Cantor Fitzgerald lifted their target price on Sterling Infrastructure from $482.00 to $956.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Weiss Ratings lowered Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. Finally, Oppenheimer initiated coverage on Sterling Infrastructure in a report on Thursday, May 28th. They set an “outperform” rating and a $950.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $720.67.

Sterling Infrastructure Trading Up 8.5%

The company has a market capitalization of $29.16 billion, a P/E ratio of 84.98, a price-to-earnings-growth ratio of 3.13 and a beta of 1.81. The business has a fifty day moving average price of $591.67 and a 200 day moving average price of $442.65. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.23.

Sterling Infrastructure (NASDAQ:STRL) last issued 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 company 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 in the previous year, the company posted $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. On average, analysts expect that Sterling Infrastructure, Inc. will post 18.01 earnings per share for the current fiscal year.

Insider Activity at Sterling Infrastructure

In other news, CEO Joseph A. Cutillo sold 50,000 shares of the business’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $497.57, for a total value of $24,878,500.00. Following the sale, the chief executive officer directly owned 290,593 shares in the company, valued at $144,590,359.01. The trade was a 14.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is currently owned by company insiders.

Institutional Trading of Sterling Infrastructure

Institutional investors have recently modified their holdings of the company. Fifth Third Bancorp lifted its holdings in shares of Sterling Infrastructure by 76.1% in the third quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock valued at $28,000 after purchasing an additional 35 shares in the last quarter. Cedar Mountain Advisors LLC raised its holdings in Sterling Infrastructure by 8,000.0% during the first quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company’s stock worth $33,000 after acquiring an additional 80 shares in the last quarter. NFSG Corp raised its holdings in Sterling Infrastructure by 578.6% during the first quarter. NFSG Corp now owns 95 shares of the construction company’s stock worth $39,000 after acquiring an additional 81 shares in the last quarter. Kemnay Advisory Services Inc. bought a new stake in Sterling Infrastructure during the fourth quarter worth about $31,000. Finally, Optiver Holding B.V. raised its holdings in Sterling Infrastructure by 108.2% during the third quarter. Optiver Holding B.V. now owns 102 shares of the construction company’s stock worth $35,000 after acquiring an additional 53 shares in the last quarter. 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.