Sidoti Csr Brokers Increase Earnings Estimates for STRL

Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) - Equities research analysts at Sidoti Csr increased their FY2024 EPS estimates for shares of Sterling Infrastructure in a research report issued to clients and investors on Friday, November 8th. Sidoti Csr analyst J. Romero now expects that the construction company will post earnings of $5.99 per share for the year, up from their previous estimate of $5.62. The consensus estimate for Sterling Infrastructure's current full-year earnings is $5.96 per share. Sidoti Csr also issued estimates for Sterling Infrastructure's Q1 2025 earnings at $1.01 EPS, Q2 2025 earnings at $1.75 EPS, Q3 2025 earnings at $1.86 EPS, Q4 2025 earnings at $1.58 EPS, FY2025 earnings at $6.20 EPS, Q1 2026 earnings at $1.20 EPS, Q2 2026 earnings at $1.99 EPS, Q3 2026 earnings at $2.07 EPS and FY2026 earnings at $7.07 EPS.

Separately, StockNews.com downgraded shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Sunday, September 15th.

Sterling Infrastructure Trading Up 0.5 %

Sterling Infrastructure stock traded up $0.96 during trading on Monday, hitting $194.57. The company's stock had a trading volume of 295,595 shares, compared to its average volume of 350,883. The stock's fifty day moving average is $145.40 and its 200 day moving average is $126.62. Sterling Infrastructure has a 1-year low of $62.13 and a 1-year high of $200.81. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 32.76, a P/E/G ratio of 2.18 and a beta of 1.15. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.24.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last released its earnings results on Wednesday, November 6th. The construction company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.68 by $0.29. Sterling Infrastructure had a net margin of 8.77% and a return on equity of 28.35%. The firm had revenue of $593.74 million during the quarter, compared to analysts' expectations of $599.90 million. During the same period in the previous year, the company earned $1.26 EPS.

Institutional Investors Weigh In On Sterling Infrastructure

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Sterling Infrastructure by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 1,887,792 shares of the construction company's stock valued at $208,242,000 after buying an additional 8,851 shares during the period. Congress Asset Management Co. grew its position in Sterling Infrastructure by 19.1% in the third quarter. Congress Asset Management Co. now owns 647,924 shares of the construction company's stock valued at $93,962,000 after acquiring an additional 104,096 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Sterling Infrastructure by 19.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 617,901 shares of the construction company's stock valued at $89,608,000 after purchasing an additional 102,101 shares during the period. Driehaus Capital Management LLC raised its stake in shares of Sterling Infrastructure by 11.4% during the second quarter. Driehaus Capital Management LLC now owns 533,606 shares of the construction company's stock valued at $63,147,000 after purchasing an additional 54,727 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Sterling Infrastructure by 1,088.1% in the third quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company's stock valued at $51,561,000 after purchasing an additional 325,620 shares during the period. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Sterling Infrastructure

In related news, EVP Ronald A. Ballschmiede sold 18,700 shares of Sterling Infrastructure stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $143.59, for a total value of $2,685,133.00. Following the transaction, the executive vice president now owns 248,471 shares in the company, valued at approximately $35,677,950.89. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.70% of the company's stock.

Sterling Infrastructure Company Profile

Sterling Infrastructure, Inc engages in the provision of e-infrastructure, transportation, and building solutions primarily in the United States. It operates through three segments: E-Infrastructure Solutions, Transportation Solutions, and Building Solutions. The E-Infrastructure Solutions segment provides site development services for the blue-chip end users in the e-commerce distribution center, data center, manufacturing, warehousing, and power generation sectors.