Fred Alger Management LLC Has $33.44 Million Stock Position in Sterling Infrastructure, Inc. $STRL

Fred Alger Management LLC lifted its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 21.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 109,200 shares of the construction company’s stock after buying an additional 19,399 shares during the quarter. Fred Alger Management LLC owned about 0.36% of Sterling Infrastructure worth $33,440,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. &PARTNERS lifted its holdings in shares of Sterling Infrastructure by 49.2% during the fourth quarter. &PARTNERS now owns 1,040 shares of the construction company’s stock worth $326,000 after buying an additional 343 shares in the last quarter. ExodusPoint Capital Management LP acquired a new stake in shares of Sterling Infrastructure during the fourth quarter worth $9,168,000. Mangrove Partners IM LLC bought a new position in shares of Sterling Infrastructure in the fourth quarter worth $545,000. Delta Global Management LP bought a new position in shares of Sterling Infrastructure in the fourth quarter worth $2,438,000. Finally, Silvant Capital Management LLC increased its position in shares of Sterling Infrastructure by 31.9% in the fourth quarter. Silvant Capital Management LLC now owns 12,383 shares of the construction company’s stock worth $3,792,000 after purchasing an additional 2,993 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

Insider Transactions at Sterling Infrastructure

In other Sterling Infrastructure news, CEO Joseph A. Cutillo sold 50,000 shares of Sterling Infrastructure stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $497.57, for a total value of $24,878,500.00. Following the transaction, the chief executive officer owned 290,593 shares in the company, valued at $144,590,359.01. The trade was a 14.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is currently owned by corporate insiders.

Sterling Infrastructure Stock Down 1.0%

Shares of NASDAQ STRL opened at $857.76 on Wednesday. Sterling Infrastructure, Inc. has a 52 week low of $207.21 and a 52 week high of $1,005.68. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.10. The stock’s fifty day moving average is $692.31 and its 200 day moving average is $484.51. The stock has a market capitalization of $26.32 billion, a P/E ratio of 76.72, a PEG ratio of 3.12 and a beta of 1.82.

Sterling Infrastructure (NASDAQ:STRL) last released its earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $1.30. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.The firm had revenue of $825.68 million for the quarter, compared to analysts’ expectations of $603.58 million. During the same quarter in the previous year, the business posted $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Sell-side analysts forecast that Sterling Infrastructure, Inc. will post 18.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on STRL shares. Wall Street Zen cut Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 31st. KeyCorp raised their price target on Sterling Infrastructure from $889.00 to $922.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Weiss Ratings cut Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. Oppenheimer started coverage on Sterling Infrastructure in a research report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 price target on the stock. Finally, Argus started coverage on Sterling Infrastructure in a research report on Thursday, April 16th. They issued a “buy” rating and a $510.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $720.67.

Sterling Infrastructure Company Profile

Sterling Infrastructure, Inc (NASDAQ: STRL) is a diversified manufacturer and distributor of essential infrastructure products serving municipal, utility and industrial customers across North America. Through its network of wholly owned subsidiaries, the company designs, engineers and produces a wide range of cast and fabricated solutions tailored to the needs of the waterworks, natural gas, telecommunications, electric, traffic safety and parks & recreation markets.

The company’s product portfolio encompasses ductile iron and composite fittings, valve boxes, manhole frames and covers, water and gas meter sets, street light poles and mounting accessories, traffic sign posts with breakaway systems, bollards and related system components.