Paralel Advisors LLC Takes $4.76 Million Position in Sterling Infrastructure, Inc. $STRL

Key Points

• Paralel Advisors LLC acquired 5,672 shares of Sterling Infrastructure worth approximately $4.76 million, making STRL its 24th-largest holding. Institutional investors and hedge funds collectively own 80.95% of the company.
• Sterling Infrastructure reported quarterly EPS of $5.80, beating estimates of $5.01, while revenue reached $1.17 billion—up 90.4% year over year. The company issued fiscal 2026 EPS guidance of $19.70–$20.30.
• Analysts maintain a generally positive view, with seven Buy ratings and one Hold rating, producing a “Moderate Buy” consensus and an average price target of $690.33. Recent firms, however, lowered their targets, including KeyCorp to $754 and Cantor Fitzgerald to $742.

Paralel Advisors LLC purchased a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,672 shares of the construction company's stock, valued at approximately $4,761,000. Sterling Infrastructure comprises 0.2% of Paralel Advisors LLC's investment portfolio, making the stock its 24th largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Engle Capital Management L.P. raised its stake in shares of Sterling Infrastructure by 156.5% during the first quarter. Engle Capital Management L.P. now owns 26,500 shares of the construction company's stock valued at $10,793,000 after acquiring an additional 16,167 shares during the last quarter. Northwestern Mutual Investment Management Company LLC bought a new stake in shares of Sterling Infrastructure in the fourth quarter worth $2,105,000. Private Advisor Group LLC grew its stake in shares of Sterling Infrastructure by 28.2% in the first quarter. Private Advisor Group LLC now owns 7,099 shares of the construction company's stock worth $2,891,000 after purchasing an additional 1,561 shares during the last quarter. Ranger Investment Management L.P. acquired a new stake in Sterling Infrastructure in the first quarter valued at $21,844,000. Finally, Truist Financial Corp increased its holdings in Sterling Infrastructure by 30.8% in the fourth quarter. Truist Financial Corp now owns 5,005 shares of the construction company's stock valued at $1,533,000 after purchasing an additional 1,179 shares during the period. Institutional investors and hedge funds own 80.95% of the company's stock.

Insider Activity

In other news, General Counsel Mark D. Wolf sold 2,500 shares of the business's stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $888.00, for a total value of $2,220,000.00. Following the transaction, the general counsel directly owned 28,137 shares of the company's stock, valued at $24,985,656. The trade was a 8.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is owned by corporate insiders.

Sterling Infrastructure Price Performance

Shares of NASDAQ STRL opened at $520.53 on Friday. Sterling Infrastructure, Inc. has a twelve month low of $266.13 and a twelve month high of $1,005.68. The firm has a fifty day simple moving average of $681.96 and a 200 day simple moving average of $597.80. The company has a market capitalization of $15.92 billion, a PE ratio of 37.53, a P/E/G ratio of 1.86 and a beta of 1.88. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.19.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last released its earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.01 by $0.79. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $969.22 million. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The company's revenue was up 90.4% on a year-over-year basis. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. On average, sell-side analysts forecast that Sterling Infrastructure, Inc. will post 19.11 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on STRL shares. DA Davidson set a $700.00 target price on Sterling Infrastructure in a research report on Thursday. KeyCorp decreased their price target on Sterling Infrastructure from $922.00 to $754.00 and set an "overweight" rating for the company in a research note on Wednesday, August 5th. Cantor Fitzgerald lowered their price objective on Sterling Infrastructure from $956.00 to $742.00 and set an "overweight" rating for the company in a research report on Wednesday, August 5th. Zacks Research downgraded Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 7th. Finally, Oppenheimer assumed coverage on Sterling Infrastructure in a research note on Thursday, May 28th. They issued an "outperform" rating and a $950.00 price objective on the stock. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $690.33.

Sterling Infrastructure 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.

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