Sterling Infrastructure (NASDAQ:STRL) Stock Price Down 2.1% – Time to Sell?

Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) fell 2.1% on Tuesday . The company traded as low as $480.58 and last traded at $486.39. 522,671 shares traded hands during trading, a decline of 19% from the average daily volume of 641,660 shares. The stock had previously closed at $496.66.

Wall Street Analyst Weigh In

Several research analysts have commented on STRL shares. KeyCorp lowered their price target on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating for the company in a report on Wednesday, August 5th. Oppenheimer assumed coverage on shares of Sterling Infrastructure in a research report on Thursday, May 28th. They set an “outperform” rating and a $950.00 price objective for the company. Zacks Research lowered Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. DA Davidson started coverage on Sterling Infrastructure in a research note on Friday, August 21st. They issued a “buy” rating and a $700.00 price target on the stock. Finally, Weiss Ratings downgraded Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 28th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Sterling Infrastructure currently has an average rating of “Moderate Buy” and an average target price of $690.33.

Sterling Infrastructure Trading Up 1.2%

The business has a 50-day moving average of $653.47 and a 200-day moving average of $601.45. The stock has a market capitalization of $15.40 billion, a price-to-earnings ratio of 36.26, a PEG ratio of 1.69 and a beta of 1.88. 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 issued its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, beating analysts’ consensus estimates of $5.01 by $0.79. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $969.22 million. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.The company’s quarterly revenue was up 90.4% on a year-over-year basis. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. As a group, research analysts forecast that Sterling Infrastructure, Inc. will post 19.14 EPS for the current year.

Insider Buying and Selling

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

Institutional Trading of Sterling Infrastructure

A number of hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System lifted its holdings in shares of Sterling Infrastructure by 81,481.8% during the second quarter. California State Teachers Retirement System now owns 29,173,636 shares of the construction company’s stock worth $24,487,183,000 after purchasing an additional 29,137,876 shares during the period. Devon Energy Corp DE purchased a new position in Sterling Infrastructure during the second quarter worth about $548,390,288,000. BlackRock Inc. acquired a new stake in Sterling Infrastructure in the second quarter valued at about $2,713,946,000. State Street Corp boosted its holdings in 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 purchasing an additional 433,311 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of 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 period. 80.95% of the stock is owned by institutional investors and hedge funds.

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.