Sterling Infrastructure (NASDAQ:STRL) Upgraded to Strong-Buy at DA Davidson

Sterling Infrastructure (NASDAQ:STRL) was upgraded by equities research analysts at DA Davidson to a “strong-buy” rating in a report released on Friday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the stock. Cantor Fitzgerald reduced their price objective on shares of Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating for the company in a report on Wednesday, August 5th. Oppenheimer initiated coverage on shares of Sterling Infrastructure in a research note on Thursday, May 28th. They set an “outperform” rating and a $950.00 target price on the stock. KeyCorp dropped their price target on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. Wall Street Zen cut shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 16th. Finally, Zacks Research cut shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Sterling Infrastructure has an average rating of “Buy” and a consensus target price of $690.33.

Sterling Infrastructure Stock Down 0.7%

STRL opened at $516.81 on Friday. The stock’s 50 day moving average price is $675.12 and its 200 day moving average price is $597.24. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market cap of $15.81 billion, a P/E ratio of 37.26, a P/E/G ratio of 1.81 and a beta of 1.88. Sterling Infrastructure has a 12 month low of $266.13 and a 12 month high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.01 by $0.79. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $969.22 million. 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 predict that Sterling Infrastructure will post 19.15 earnings per share for the current year.

Insider Activity at Sterling Infrastructure

In related news, General Counsel Mark D. Wolf sold 2,500 shares of the business’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 $24,985,656. The trade was a 8.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Signature Equity Partners LLC lifted its position in shares of Sterling Infrastructure by 19.5% during the 1st quarter. Signature Equity Partners LLC now owns 104 shares of the construction company’s stock valued at $42,000 after acquiring an additional 17 shares during the last quarter. World Investment Advisors grew its holdings in shares of Sterling Infrastructure by 2.4% in the 1st quarter. World Investment Advisors now owns 870 shares of the construction company’s stock worth $354,000 after acquiring an additional 20 shares during the last quarter. TD Waterhouse Canada Inc. grew its holdings in shares of Sterling Infrastructure by 35.7% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 76 shares of the construction company’s stock worth $59,000 after acquiring an additional 20 shares during the last quarter. Ritholtz Wealth Management raised its position in shares of Sterling Infrastructure by 3.6% during the first quarter. Ritholtz Wealth Management now owns 686 shares of the construction company’s stock worth $279,000 after purchasing an additional 24 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Sterling Infrastructure by 43.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 79 shares of the construction company’s stock worth $66,000 after purchasing an additional 24 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

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.