Sterling Infrastructure (NASDAQ:STRL) Research Coverage Started at JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of Sterling Infrastructure (NASDAQ:STRL) in a research note published on Tuesday morning, Marketbeat reports. The firm issued an overweight rating and a $585.00 target price on the construction company’s stock.

Several other brokerages have also recently issued reports on STRL. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $742.00 price objective on shares of Sterling Infrastructure in a report on Thursday, October 29th. KeyCorp raised their target price on shares of Sterling Infrastructure from $754.00 to $755.00 and gave the company an “overweight” rating in a report on Thursday, October 15th. Zacks Research lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Wall Street Zen upgraded shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 7th. Finally, Weiss Ratings downgraded shares of Sterling Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, September 9th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $709.14.

Sterling Infrastructure Trading Down 0.7%

Shares of STRL stock opened at $301.60 on Tuesday. Sterling Infrastructure has a 12-month low of $239.35 and a 12-month high of $1,005.68. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.06. The stock’s 50-day moving average price is $438.64 and its 200-day moving average price is $547.56. The stock has a market capitalization of $9.20 billion, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 0.56 and a beta of 1.97.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings results on Wednesday, October 28th. The construction company reported $7.58 EPS for the quarter, beating analysts’ consensus estimates of $6.20 by $1.38. The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.19 billion. Sterling Infrastructure had a return on equity of 45.97% and a net margin of 12.85%. Sterling Infrastructure’s revenue was up 127.0% on a year-over-year basis. Equities research analysts predict that Sterling Infrastructure will post 20.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Sterling Infrastructure

Several large investors have recently added to or reduced their stakes in STRL. Wellington Shields & Co. LLC purchased a new stake in Sterling Infrastructure during the second quarter valued at approximately $29,000. Persistent Asset Partners Ltd purchased a new position in shares of Sterling Infrastructure in the 2nd quarter worth approximately $40,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Sterling Infrastructure by 100.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 60 shares of the construction company’s stock worth $50,000 after purchasing an additional 30 shares during the period. TD Waterhouse Canada Inc. increased its position in shares of Sterling Infrastructure by 35.7% during 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. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Sterling Infrastructure by 43.6% during 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 during the last quarter. 80.95% of the stock is owned by institutional investors.

Sterling Infrastructure Company Profile

Sterling Infrastructure, Inc. (NASDAQ: STRL) is a U.S.-based construction company that delivers infrastructure and building services through its E-Infrastructure Solutions, Transportation Solutions and Building Solutions segments. E-Infrastructure Solutions provides site development and related services for data centers, manufacturing facilities, distribution centers and other large-scale projects. Transportation Solutions builds and improves public infrastructure, including roads and bridges, while Building Solutions focuses on concrete foundations and other construction services for residential and commercial customers.