Segall Bryant & Hamill LLC Cuts Stake in Sterling Infrastructure, Inc. $STRL

Segall Bryant & Hamill LLC cut its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 4.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 74,653 shares of the construction company’s stock after selling 3,864 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Sterling Infrastructure were worth $30,404,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. State Street Corp boosted its stake in shares of Sterling Infrastructure by 62.0% in the 2nd 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 in the last quarter. Invesco Ltd. raised its position in Sterling Infrastructure by 29.8% in the 3rd quarter. Invesco Ltd. now owns 955,387 shares of the construction company’s stock worth $324,526,000 after purchasing an additional 219,477 shares during the period. First Trust Advisors LP lifted its stake in Sterling Infrastructure by 27.3% in the first quarter. First Trust Advisors LP now owns 877,990 shares of the construction company’s stock worth $357,579,000 after purchasing an additional 188,048 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Sterling Infrastructure by 7.5% in the first quarter. Janus Henderson Group PLC now owns 619,145 shares of the construction company’s stock worth $252,207,000 after purchasing an additional 43,259 shares during the last quarter. Finally, UBS Group AG boosted its position in Sterling Infrastructure by 45.4% during the third quarter. UBS Group AG now owns 483,864 shares of the construction company’s stock valued at $164,359,000 after buying an additional 151,146 shares during the period. 80.95% of the stock is currently owned by institutional investors.

Insider Transactions at Sterling Infrastructure

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 2,500 shares of the firm’s stock in a transaction dated Thursday, June 25th. The shares were 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 directly owned 28,137 shares in the company, valued at $24,985,656. This trade represents a 8.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.60% of the stock is currently owned by insiders.

Sterling Infrastructure Stock Up 2.8%

Shares of NASDAQ STRL opened at $596.77 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23. Sterling Infrastructure, Inc. has a 12 month low of $244.02 and a 12 month high of $1,005.68. The firm has a market capitalization of $18.31 billion, a PE ratio of 53.38, a price-to-earnings-growth ratio of 2.12 and a beta of 1.83. The firm has a fifty day simple moving average of $765.43 and a two-hundred day simple moving average of $576.37.

Sterling Infrastructure (NASDAQ:STRL) last posted its earnings results on Monday, May 4th. The construction company reported $3.59 EPS for the quarter, topping the consensus estimate of $2.29 by $1.30. The firm had revenue of $825.67 million during the quarter, compared to analysts’ expectations of $603.58 million. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. During the same period last year, the company posted $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Equities analysts expect that Sterling Infrastructure, Inc. will post 18.24 earnings per share for the current year.

Wall Street Analyst Weigh In

STRL has been the topic of a number of analyst reports. Wall Street Zen cut Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Oppenheimer initiated coverage on Sterling Infrastructure in a research note on Thursday, May 28th. They set an “outperform” rating and a $950.00 price objective for the company. Cantor Fitzgerald restated an “overweight” rating on shares of Sterling Infrastructure in a report on Thursday, June 18th. Argus assumed coverage on shares of Sterling Infrastructure in a research note on Thursday, April 16th. They issued a “buy” rating and a $510.00 target price on the stock. Finally, KeyCorp upped their price target on shares of Sterling Infrastructure from $889.00 to $922.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price 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.