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Sterling Construction (NASDAQ:STRL) Company Inc’s stock reached an all-time high of 237.99 USD, marking a significant milestone for the company. With a market capitalization of $7.19 billion and a P/E ratio of 26.72, the company has demonstrated robust financial health, earning a "GREAT" overall score according to InvestingPro metrics. Over the past year, the stock has experienced a remarkable increase of 107.91%, reflecting strong investor confidence and robust business performance. This surge highlights the company’s growth trajectory and its ability to capitalize on market opportunities, with annual revenue reaching $2.1 billion. The impressive 1-year change demonstrates Sterling Construction’s resilience and strategic positioning in the industry, contributing to its sustained upward momentum in the stock market. Based on current metrics, the stock appears to be trading above its Fair Value. Discover 13 additional key insights and a comprehensive Pro Research Report for STRL on InvestingPro.
In other recent news, Sterling Infrastructure, Inc. announced a definitive agreement to acquire CEC Facilities Group for $505 million, expanding its service offerings in electrical contracting. The acquisition, expected to close in the third quarter of 2025, is set to enhance Sterling’s E-Infrastructure Solutions segment, with CEC projected to generate $390-415 million in revenue for the full year 2025. Additionally, Sterling estimates the acquisition will be accretive to earnings per share by approximately $0.63-$0.70 on a fully diluted basis for 2025. DA Davidson raised its price target for Sterling Construction to $265 from $205, maintaining a Buy rating, following the announcement of the CEC transaction. The firm noted potential for organic growth, particularly within the E-Infrastructure segment, and suggested CEC could grow faster than anticipated under Sterling’s ownership. In a separate development, Sterling renegotiated its 2019 credit agreement, extending its maturity to June 2028 and increasing the facility’s size to support growth strategies, including mergers and acquisitions. Nicholas Grindstaff was appointed as the new Chief Financial Officer, bringing over 30 years of finance experience to Sterling. These developments mark a strategic period for Sterling as it continues to expand its market presence and financial capabilities.
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