Sterling Infrastructure Inc. (NASDAQ:STRL) shares traded 2.12% higher at $32.72 on Wall Street last session.
In accordance with the data, 2 analysts cover Sterling Infrastructure Inc. (NASDAQ:STRL). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $40.00 and a low of $35.00, we find $37.50. Given the previous closing price of $32.04, this indicates a potential upside of 17.04 percent. STRL stock price is now 1.83% away from the 50-day moving average and 24.68% away from the 200-day moving average. The market capitalization of the company currently stands at $974.07M.
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It has been rated a hold by 1 analysts and a buy by 1. Brokers who have rated the stock have averaged $37.50 as their price target over the next twelve months.
On May 25, 2016, Maxim Group reiterated its ‘Buy’ rating on the stock by increasing its target price from $8 to quote $6, while ‘BWS Financial’ rates the stock as ‘Hold’.
In other news, CUTILLO JOSEPH A, Chief Executive Officer sold 110 shares of the company’s stock on Jan 18. The stock was sold for $3,630 at an average price of $33.00. Upon completion of the transaction, the Chief Executive Officer now directly owns 784,240 shares in the company, valued at $25.66 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 21, General Counsel, Corporate Sec Wolf Mark D. sold 3,500 shares of the business’s stock. A total of $111,381 was realized by selling the stock at an average price of $31.82. This leaves the insider owning 34,590 shares of the company worth $1.13 million. Insiders disposed of 284,698 shares of company stock worth roughly $9.32 million over the past 1 year. A total of 2.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in STRL stock. A new stake in Sterling Infrastructure Inc. shares was purchased by INTRINSIC EDGE CAPITAL MANAGEMENT LLC during the first quarter worth $4,254,000. POINT72 ASSET MANAGEMENT, L.P. invested $1,282,000 in shares of STRL during the first quarter. In the first quarter, CUBIST SYSTEMATIC STRATEGIES, LLC acquired a new stake in Sterling Infrastructure Inc. valued at approximately $870,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP acquired a new stake in STRL for approximately $683,000. ADVISORY RESEARCH INC purchased a new stake in STRL valued at around $557,000 in the second quarter. In total, there are 244 active investors with 84.00% ownership of the company’s stock.
Sterling Infrastructure Inc. (NASDAQ: STRL) opened at $32.51 on Monday. During the past 12 months, Sterling Infrastructure Inc. has had a low of $20.46 and a high of $34.86. As of last week, the company has a debt-to-equity ratio of 1.00, a current ratio of 1.30, and a quick ratio of 1.30. The fifty day moving average price for STRL is $32.11 and a two-hundred day moving average price translates $26.28 for the stock.
The latest earnings results from Sterling Infrastructure Inc. (NASDAQ: STRL) was released for Jun, 2022. According to the Engineering & Construction Company, earnings per share came in at $0.86, beating analysts’ expectations of $0.72 by 0.14. This compares to $0.74 EPS in the same period last year. The net profit margin was 4.60% and return on equity was 21.70% for STRL. The company reported revenue of $556.94 million for the quarter, compared to $463.45 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.17 percent. For the current quarter, analysts expect STRL to generate $509.33M in revenue.
Sterling Infrastructure Inc.(STRL) Company Profile
Sterling Infrastructure, Inc. engages in the transportation, e-infrastructure, and building solutions primarily in the Southern United States, the Northeastern and Mid-Atlantic United States, the Rocky Mountain states, California, and Hawaii. It undertakes infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, light rail, water, wastewater, and storm drainage systems for the departments of transportation in various states, regional transit authorities, airport authorities, port authorities, water authorities and railroads. The company also provides specialty site infrastructure improvement contracting services for blue-chip end users in the e-commerce, data center, distribution center and warehousing, and energy sectors. In addition, it undertakes residential and commercial concrete foundations for single-family and multi-family homes, parking structures, elevated slabs, and other concrete work for national home builders, regional and custom home builders, and developers and general contractors in commercial markets. The company was formerly known as Sterling Construction Company, Inc. and changed its name to Sterling Infrastructure, Inc. in June 2022. Sterling Infrastructure, Inc. was founded in 1955 and is headquartered in The Woodlands, Texas.
