Sterling Infrastructure (NASDAQ:STRL) Downgraded to “Buy” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Sterling Infrastructure (NASDAQ:STRL) from a strong-buy rating to a buy rating in a research report report published on Saturday.

STRL has been the topic of a number of other research reports. Zacks Research upgraded Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 4th. Cantor Fitzgerald increased their price target on Sterling Infrastructure from $413.00 to $482.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. Stifel Nicolaus set a $486.00 price objective on Sterling Infrastructure and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Weiss Ratings upgraded shares of Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 26th. Finally, DA Davidson upped their target price on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. Based on data from MarketBeat, Sterling Infrastructure has a consensus rating of “Buy” and a consensus price target of $489.33.

Sterling Infrastructure Stock Performance

Sterling Infrastructure stock opened at $420.24 on Friday. The firm has a 50 day simple moving average of $406.74 and a 200-day simple moving average of $363.02. The stock has a market cap of $12.89 billion, a price-to-earnings ratio of 44.85, a price-to-earnings-growth ratio of 2.18 and a beta of 1.48. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.01 and a quick ratio of 1.01. Sterling Infrastructure has a 1-year low of $96.34 and a 1-year high of $477.03.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results on Wednesday, February 25th. The construction company reported $3.08 EPS for the quarter, beating the consensus estimate of $2.63 by $0.45. Sterling Infrastructure had a net margin of 11.65% and a return on equity of 32.82%. The firm had revenue of $755.61 million for the quarter, compared to analyst estimates of $639.41 million. Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. On average, analysts expect that Sterling Infrastructure will post 5.98 EPS for the current year.

Insiders Place Their Bets

In other news, Director Dana C. O’brien sold 2,000 shares of Sterling Infrastructure stock in a transaction on Monday, February 9th. The stock was sold at an average price of $410.00, for a total value of $820,000.00. Following the completion of the sale, the director directly owned 11,498 shares of the company’s stock, valued at approximately $4,714,180. The trade was a 14.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Dwayne Andree Wilson sold 2,860 shares of the business’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $350.00, for a total value of $1,001,000.00. Following the completion of the sale, the director owned 14,749 shares in the company, valued at $5,162,150. This represents a 16.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 56,860 shares of company stock worth $25,285,000 over the last ninety days. Corporate insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Sterling Infrastructure

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in Sterling Infrastructure by 33.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock worth $33,000 after purchasing an additional 27 shares during the period. UMB Bank n.a. lifted its position in shares of Sterling Infrastructure by 27.5% during the third quarter. UMB Bank n.a. now owns 130 shares of the construction company’s stock worth $44,000 after purchasing an additional 28 shares in the last quarter. CENTRAL TRUST Co boosted its stake in shares of Sterling Infrastructure by 7.9% in the fourth quarter. CENTRAL TRUST Co now owns 397 shares of the construction company’s stock valued at $122,000 after purchasing an additional 29 shares during the period. Lido Advisors LLC boosted its stake in shares of Sterling Infrastructure by 1.8% in the fourth quarter. Lido Advisors LLC now owns 1,725 shares of the construction company’s stock valued at $578,000 after purchasing an additional 31 shares during the period. Finally, Fifth Third Bancorp grew 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. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

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.