Perennial Investment Advisors LLC Purchases Shares of 1,160 Sterling Infrastructure, Inc. $STRL

Posted by George Bondi on Aug 27th, 2026

Perennial Investment Advisors LLC purchased a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,160 shares of the construction company’s stock, valued at approximately $974,000.

A number of other institutional investors have also recently bought and sold shares of STRL. Devon Energy Corp DE acquired a new position in shares of Sterling Infrastructure in the 2nd quarter valued at about $548,390,288,000. BlackRock Inc. acquired a new stake in Sterling Infrastructure in the second quarter valued at approximately $2,713,946,000. State Street Corp raised its stake in shares of Sterling Infrastructure by 62.0% during the second quarter. State Street Corp now owns 1,131,751 shares of the construction company’s stock valued at $261,129,000 after purchasing an additional 433,311 shares during the period. Invesco Ltd. grew its stake in shares of Sterling Infrastructure by 29.8% during the third quarter. Invesco Ltd. now owns 955,387 shares of the construction company’s stock valued at $324,526,000 after acquiring an additional 219,477 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of Sterling Infrastructure by 27.3% during the first quarter. First Trust Advisors LP now owns 877,990 shares of the construction company’s stock worth $357,579,000 after acquiring an additional 188,048 shares during the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Sterling Infrastructure

In related news, General Counsel Mark D. Wolf sold 2,500 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the general counsel owned 28,137 shares of the company’s stock, valued at approximately $24,985,656. The trade was a 8.16% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

STRL has been the subject of a number of research analyst reports. Zacks Research downgraded Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Cantor Fitzgerald reduced their price target on shares of Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. DA Davidson assumed coverage on shares of Sterling Infrastructure in a research report on Friday, August 21st. They set a “buy” rating and a $700.00 price objective for the company. Weiss Ratings lowered shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. Finally, Oppenheimer assumed coverage on Sterling Infrastructure in a research note on Thursday, May 28th. They issued an “outperform” rating and a $950.00 target price for the company. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $690.33.

View Our Latest Research Report on Sterling Infrastructure

Sterling Infrastructure Price Performance

Shares of NASDAQ:STRL opened at $497.41 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market cap of $15.22 billion, a price-to-earnings ratio of 35.86, a PEG ratio of 1.69 and a beta of 1.88. The stock’s 50 day moving average price is $653.47 and its 200 day moving average price is $601.45. Sterling Infrastructure, Inc. has a 12 month low of $266.13 and a 12 month high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL – Get Free Report) last released its earnings results on Monday, August 3rd. The construction company reported $5.80 EPS for the quarter, beating the consensus estimate of $5.01 by $0.79. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $969.22 million. The firm’s quarterly 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. Equities research analysts anticipate that Sterling Infrastructure, Inc. will post 19.14 earnings per share for the current fiscal year.

Sterling Infrastructure Profile

(Free Report)

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.