Sterling Infrastructure (STRL) surges on record Q1 results and raised 2026 outlook

Sterling Infrastructure, Inc. (STRL) is up 21.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to a blowout first-quarter earnings report that showed sharp year-over-year revenue and profit growth, alongside a raised full-year 2026 forecast. Investors also seemed to respond to expanding backlog and strong cash generation, which can improve confidence in multi-quarter execution.

Details:

The company posted record Q1 2026 results, including revenue of $825.7 million (up 92% year over year) and net income of $96.0 million (about $3.09 diluted EPS).

Adjusted profitability was also strong, with adjusted net income of $111.3 million (about $3.59 adjusted EPS) and adjusted EBITDA of $166.6 million.

Backlog increased to $3.80 billion, while “combined backlog” was reported at $5.15 billion, providing more multi-year revenue visibility than prior periods.

Management raised full-year 2026 guidance, including revenue of $3.70 billion to $3.80 billion, adjusted diluted EPS of $18.40 to $19.05, and adjusted EBITDA of $843 million to $873 million.

Sources:

PRNewswire, U.S. SEC (EDGAR), Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$STRL Insider Trading Activity

$STRL insiders have traded $STRL stock on the open market 8 times in the past 6 months. Of those trades, 0 have been purchases and 8 have been sales.

Here’s a breakdown of recent trading of $STRL stock by insiders over the last 6 months:

JOSEPH A CUTILLO (Chief Executive Officer) has made 0 purchases and 2 sales selling 100,000 shares for an estimated $47,552,810.
JULIE DILL sold 4,500 shares for an estimated $1,729,245
DANA C. O'BRIEN has made 0 purchases and 3 sales selling 4,000 shares for an estimated $1,610,000.
DWAYNE ANDREE WILSON has made 0 purchases and 2 sales selling 4,120 shares for an estimated $1,512,496.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

$STRL Hedge Fund Activity

We have seen 347 institutional investors add shares of $STRL stock to their portfolio, and 313 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BLACKROCK, INC. removed 699,829 shares (-15.1%) from their portfolio in Q4 2025, for an estimated $214,308,634
FULLER & THALER ASSET MANAGEMENT, INC. removed 499,036 shares (-45.2%) from their portfolio in Q4 2025, for an estimated $152,819,794
PRICE T ROWE ASSOCIATES INC /MD/ removed 351,777 shares (-50.2%) from their portfolio in Q4 2025, for an estimated $107,724,670
VANGUARD GROUP INC removed 294,906 shares (-9.0%) from their portfolio in Q4 2025, for an estimated $90,309,064
UBS GROUP AG removed 254,579 shares (-52.6%) from their portfolio in Q4 2025, for an estimated $77,959,727
MILLENNIUM MANAGEMENT LLC added 240,136 shares (+6562.9%) to their portfolio in Q4 2025, for an estimated $73,536,847
ROYAL BANK OF CANADA removed 224,554 shares (-80.6%) from their portfolio in Q4 2025, for an estimated $68,765,171

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$STRL Price Targets

Multiple analysts have issued price targets for $STRL recently. We have seen 4 analysts offer price targets for $STRL in the last 6 months, with a median target of $505.0.

Here are some recent targets:

Sangita Jain from Keybanc set a target price of $572.0 on 04/23/2026
An analyst from Argus Research set a target price of $510.0 on 04/16/2026
Manish Somaiya from Cantor Fitzgerald set a target price of $482.0 on 03/02/2026
Brent Thielman from DA Davidson set a target price of $500.0 on 02/27/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.