Sterling Infrastructure (NASDAQ:STRL) Stock Price Down 1.4% – Here’s What Happened

Sterling Infrastructure, Inc. (NASDAQ:STRL) shares traded down 1.4% on Wednesday . The company traded as low as $489.83 and last traded at $495.15. Approximately 483,507 shares changed hands during mid-day trading, a decline of 24% from the average daily volume of 635,452 shares. The stock had previously closed at $502.20.

Analyst Upgrades and Downgrades

STRL has been the topic of a number of analyst reports. 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 research report on Wednesday, August 5th. Weiss Ratings downgraded Sterling Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Zacks Research lowered Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. KeyCorp cut their price objective on Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. Finally, Wall Street Zen downgraded Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 5th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $690.33.

Sterling Infrastructure Stock Up 5.3%

The company has a debt-to-equity ratio of 0.19, a current ratio of 1.11 and a quick ratio of 1.11. The business’s 50 day moving average price is $574.33 and its 200 day moving average price is $605.79. The firm has a market cap of $15.61 billion, a PE ratio of 36.67, a PEG ratio of 1.72 and a beta of 1.85.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 EPS for the quarter, beating the consensus estimate of $5.01 by $0.79. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $969.22 million. The firm’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. On average, equities research analysts expect that Sterling Infrastructure, Inc. will post 19.14 earnings per share for the current year.

Insiders Place Their Bets

In other Sterling Infrastructure news, General Counsel Mark Wolf sold 2,500 shares of the business’s stock in a transaction 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 transaction, the general counsel owned 28,137 shares of the company’s stock, valued at approximately $24,985,656. The trade was a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Sterling Infrastructure

Hedge funds and other institutional investors have recently modified their holdings of the stock. Empowered Funds LLC purchased a new stake in shares of Sterling Infrastructure in the first quarter valued at about $378,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Sterling Infrastructure by 12.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 83,983 shares of the construction company’s stock valued at $9,508,000 after purchasing an additional 9,625 shares during the last quarter. Focus Partners Wealth grew its stake in shares of Sterling Infrastructure by 13.7% in the 1st quarter. Focus Partners Wealth now owns 2,313 shares of the construction company’s stock valued at $262,000 after buying an additional 279 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Sterling Infrastructure in the 2nd quarter valued at approximately $5,929,000. Finally, Cerity Partners LLC increased its holdings in shares of Sterling Infrastructure by 195.7% during the 2nd quarter. Cerity Partners LLC now owns 19,522 shares of the construction company’s stock worth $4,504,000 after buying an additional 12,921 shares during the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Sterling Infrastructure Company Profile

Sterling Infrastructure, Inc provides infrastructure, engineering and construction services across the United States. The company serves public and private-sector customers through three primary business segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions.

Its E-Infrastructure Solutions segment develops and builds large-scale infrastructure for data centers, advanced manufacturing facilities, energy and communications projects, and other complex industrial sites.