Sterling Infrastructure (NASDAQ:STRL) Shares Down 3% – What’s Next?

Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) dropped 3% on Tuesday . The stock traded as low as $450.26 and last traded at $456.10. Approximately 767,407 shares changed hands during trading, an increase of 20% from the average session volume of 638,009 shares. The stock had previously closed at $470.07.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on STRL shares. KeyCorp dropped their price target on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. Weiss Ratings cut shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. DA Davidson assumed coverage on shares of Sterling Infrastructure in a report on Friday, August 21st. They issued a “buy” rating and a $700.00 target price for the company. Zacks Research lowered Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Finally, Wall Street Zen upgraded Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 24th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $690.33.

Sterling Infrastructure Price Performance

The company’s 50-day simple moving average is $612.36 and its 200 day simple moving average is $603.28. The company has a market cap of $14.19 billion, a PE ratio of 33.44, a PEG ratio of 1.59 and a beta of 1.85. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.11 and a current ratio of 1.11.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, topping analysts’ consensus estimates of $5.01 by $0.79. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $969.22 million. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.The business’s quarterly revenue 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. On average, sell-side analysts predict that Sterling Infrastructure, Inc. will post 19.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 2,500 shares of the stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $888.00, for a total value of $2,220,000.00. Following the sale, the general counsel owned 28,137 shares of the company’s stock, valued at $24,985,656. This trade represents a 8.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sterling Infrastructure

Institutional investors and hedge funds have recently made changes to their positions in the stock. Signature Equity Partners LLC raised its holdings in Sterling Infrastructure by 19.5% in the first 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 in the last quarter. World Investment Advisors grew its holdings in Sterling Infrastructure by 2.4% during 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 in the last quarter. TD Waterhouse Canada Inc. increased its position 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 valued at $59,000 after purchasing an additional 20 shares during the last quarter. Ritholtz Wealth Management increased its position in shares of Sterling Infrastructure by 3.6% in the 1st quarter. Ritholtz Wealth Management now owns 686 shares of the construction company’s stock valued at $279,000 after purchasing an additional 24 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Sterling Infrastructure by 43.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 79 shares of the construction company’s stock valued at $66,000 after purchasing an additional 24 shares in the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

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.