Sterling Infrastructure (NASDAQ:STRL) Stock Rating Reaffirmed as Overweight by Cantor Fitzgerald

Sterling Infrastructure (NASDAQ:STRL)‘s stock had its “overweight” rating reissued by research analysts at Cantor Fitzgerald in a research report issued on Wednesday, Benzinga reports. They currently have a $742.00 target price on the construction company’s stock. Cantor Fitzgerald’s target price indicates a potential upside of 73.29% from the stock’s previous close.

STRL has been the subject of several other research reports. Stifel Nicolaus dropped their target price on Sterling Infrastructure from $804.00 to $742.00 and set a “buy” rating for the company in a research report on Thursday, October 8th. Weiss Ratings downgraded Sterling Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, September 9th. Zacks Research lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. KeyCorp decreased their price objective on Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating for the company in a report on Wednesday, August 5th. Finally, DA Davidson assumed coverage on shares of Sterling Infrastructure in a research report on Friday, August 21st. They set a “buy” rating and a $700.00 target price on the stock. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $733.17.

Sterling Infrastructure Trading Down 5.5%

STRL stock traded down $24.88 during midday trading on Wednesday, reaching $428.20. 596,570 shares of the company traded hands, compared to its average volume of 623,493. Sterling Infrastructure has a 52-week low of $281.58 and a 52-week high of $1,005.68. 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 business has a 50 day moving average of $509.32 and a 200-day moving average of $619.88. The firm has a market capitalization of $13.10 billion, a price-to-earnings ratio of 30.83, a P/E/G ratio of 1.74 and a beta of 1.86.

Sterling Infrastructure (NASDAQ:STRL) last announced its earnings results on Monday, August 3rd. The construction company reported $5.80 EPS for the quarter, topping analysts’ consensus estimates of $5.01 by $0.79. The firm 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 business’s revenue for the quarter 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, sell-side analysts expect that Sterling Infrastructure will post 19.10 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. HBW Advisory Services LLC increased its stake in shares of Sterling Infrastructure by 44.2% in the 3rd quarter. HBW Advisory Services LLC now owns 1,172 shares of the construction company’s stock valued at $576,000 after purchasing an additional 359 shares in the last quarter. Fortitude Family Office LLC boosted its position in Sterling Infrastructure by 118.6% during the third quarter. Fortitude Family Office LLC now owns 94 shares of the construction company’s stock worth $46,000 after purchasing an additional 51 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in Sterling Infrastructure during the third quarter worth approximately $580,000. Krilogy Financial LLC grew its holdings in Sterling Infrastructure by 46.5% in the third quarter. Krilogy Financial LLC now owns 457 shares of the construction company’s stock valued at $229,000 after purchasing an additional 145 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Sterling Infrastructure by 10.5% in the third quarter. GAMMA Investing LLC now owns 1,428 shares of the construction company’s stock valued at $702,000 after purchasing an additional 136 shares during the period. Hedge funds and other institutional investors own 80.95% of the company’s stock.

About Sterling Infrastructure

Sterling Infrastructure, Inc is an infrastructure services company that provides construction and rehabilitation solutions for public and private-sector customers in the United States. Formerly known as Sterling Construction Company, the company adopted its current name to reflect the expansion of its business beyond traditional transportation construction.

The company operates through three principal business segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions.