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FMR LLC has filed a Schedule 13G regulatory disclosure regarding its beneficial ownership in Sterling Infrastructure, Inc.
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Zacks analysts recommend three AI-powered construction companies with strong Q3 earnings results and solid growth prospects. Comfort Systems USA, Quanta Services, and Sterling Infrastructure are positioned to benefit from the AI data center boom, grid modernization, and infrastructure spending, with all three stocks carrying Zacks Rank #1 or #2 ratings and significant upside potential.
Sterling Infrastructure reported Q3 2026 revenues surging 127% to $1.56 billion, driven by strong data center demand and infrastructure projects. The company raised 2026 guidance to $4.63-$4.73 billion and expects 88% year-over-year growth. However, challenges include softer residential construction, margin pressures from acquisitions, and execution risks from rapid expansion.
Sterling Infrastructure reported third-quarter revenue of $1.56 billion, up 127% year-over-year, beating analyst expectations. The company's backlog grew 78% to $6.14 billion, driven primarily by AI data center construction and electrical work. Management raised full-year 2026 revenue guidance by $600 million to $4.68 billion at the midpoint, with the stock trading at a 16.7x forward P/E multiple.
Sterling Infrastructure, Inc. announced that its management team will participate in three upcoming investor conferences in November 2026.
Cantor Fitzgerald maintained its 'Overweight' rating on Sterling Infrastructure while lowering the price target to $565 from $742.
DA Davidson reaffirmed its 'Buy' rating on Sterling Infrastructure while lowering its price target to $680 from $700.