Fred Alger Management 13F: Cuts STRL Stake by $15M

Fred Alger Management has trimmed its holdings in Sterling Infrastructure, Inc. (NasdaqGS: STRL) by 15.5%, according to its latest filing with the SEC on May 15, 2026. The firm sold 16,932 shares, reducing its position to 92,268 shares valued at approximately $79.95 million.

What Changed in Fred Alger Management's Sterling Infrastructure Position

Fred Alger Management cut its stake in Sterling Infrastructure significantly, moving from 109,200 shares to 92,268 shares. This reduction of 16,932 shares represents a 15.5% decrease in their holdings, valued at about $79.95 million as of the filing.

Other Institutional Activity in Sterling Infrastructure

BlackRock, Inc. increased its holdings by 61,517 shares, now owning 3,984,283 shares valued at around $1.62 billion. Meanwhile, FMR LLC reduced its stake by 179,838 shares, ending with 1,474,561 shares worth approximately $600.54 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both entered with new positions, holding 1,409,548 and 1,319,752 shares valued at $574.07 million and $537.50 million, respectively. Invesco Ltd. boosted its holdings by 382,192 shares, now holding 1,188,912 shares valued at $484.21 million.

Sterling Infrastructure, Inc. Stock Up 94.7%

Shares of Sterling Infrastructure, Inc. trade near $866.48. The company boasts a market cap of $25.72 billion, with a P/E ratio of 75.18 and a forward P/E of 31.00. Its beta is 1.819, indicating higher volatility compared to the market. The stock's 52-week range is between $214.20 and $1,005.68, with a 50-day moving average of $700.14 and a 200-day moving average of $446.36.

Recent Earnings

Sterling Infrastructure reported revenue of about $2.88 billion, with a revenue growth rate of 91.6%. Its net margin stands at 12.02%, and return on equity is 36.68%. The company is set to release its next earnings on August 3, 2026.

Insider Buying and Selling at Sterling Infrastructure, Inc.

Several insiders, including CEO Joseph Cutillo, have been buying shares of Sterling Infrastructure. On May 20, 2026, Cutillo purchased 40,000 shares. Additionally, on May 7, 2026, Dwayne Andree Wilson, Julie Dill, Dana O'Brien, William Bosway, and Andrew Rose each bought 181 shares.

Analysts Set New Price Targets

Analysts are bullish on Sterling Infrastructure, with Keybanc maintaining a 'buy' rating and a $922 price target as of June 2, 2026. Oppenheimer initiated coverage with a 'buy' rating and a $950 price target on May 28, 2026. Cantor Fitzgerald also maintained a 'buy' rating with a target of $956 on May 11, 2026. The consensus from six analysts indicates a strong buy, with a mean target price of $941.17.

About Sterling Infrastructure

Sterling Infrastructure, Inc. is a leading provider of e-infrastructure, transportation, and building solutions in the United States. Headquartered in The Woodlands, Texas, the company operates through three segments: E-Infrastructure, Transportation, and Building Solutions. It serves a variety of sectors, including e-commerce, data centers, and transportation infrastructure. Founded in 1955, Sterling Infrastructure is led by CEO Joseph A. Cutillo and employs approximately 4,400 people.

Bottom Line

Fred Alger Management's decision to reduce its stake in Sterling Infrastructure reflects a strategic adjustment as of the latest 13F filing. Investors often track such filings for insights into fund strategies, though these reports are backward-looking and may not represent current positions. Sterling Infrastructure remains a company of interest due to its robust market presence and analyst support.