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

Wall Street Zen cut shares of Sterling Infrastructure (NASDAQ:STRL) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

A number of other analysts have also recently weighed in on STRL. Zacks Research cut Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Cantor Fitzgerald dropped their target price on Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. KeyCorp decreased their price target on Sterling Infrastructure from $922.00 to $754.00 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 report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 price objective on the stock. Finally, Weiss Ratings cut shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $690.33.

Sterling Infrastructure Trading Up 5.8%

Shares of Sterling Infrastructure stock opened at $486.49 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $14.88 billion, a P/E ratio of 35.08, a PEG ratio of 1.69 and a beta of 1.85. Sterling Infrastructure has a 1 year low of $270.00 and a 1 year high of $1,005.68. The company’s fifty day moving average is $597.56 and its two-hundred day moving average is $602.61.

Sterling Infrastructure (NASDAQ:STRL) last announced its earnings results on Monday, August 3rd. The construction company reported $5.80 EPS for the quarter, beating analysts’ consensus estimates of $5.01 by $0.79. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $969.22 million. Sterling Infrastructure’s 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. Analysts forecast that Sterling Infrastructure will post 19.14 earnings per share for the current year.

Insider Activity

In other news, General Counsel Mark Wolf sold 2,500 shares of the stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the completion of the transaction, the general counsel directly owned 28,137 shares of the company’s stock, valued at approximately $24,985,656. This represents a 8.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Sterling Infrastructure in the second quarter valued at $7,211,000. California State Teachers Retirement System grew its stake in shares of Sterling Infrastructure by 81,481.8% during the 2nd 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. HB Wealth Management LLC increased its holdings in shares of Sterling Infrastructure by 7.4% in the 2nd quarter. HB Wealth Management LLC now owns 1,252 shares of the construction company’s stock valued at $1,051,000 after purchasing an additional 86 shares in the last quarter. Compass Financial Management LLC purchased a new position in shares of Sterling Infrastructure in the 2nd quarter valued at about $1,016,000. Finally, TD Waterhouse Canada Inc. lifted its stake in shares of Sterling Infrastructure by 35.7% in the second 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 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.