Segall Bryant & Hamill LLC Has $15.32 Million Holdings in Sterling Infrastructure, Inc. $STRL

Segall Bryant & Hamill LLC trimmed its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 26.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,112 shares of the construction company’s stock after selling 15,892 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.15% of Sterling Infrastructure worth $15,324,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of STRL. State Street Corp boosted its holdings 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 worth $261,129,000 after acquiring an additional 433,311 shares in the last quarter. Invesco Ltd. raised its position in Sterling Infrastructure by 82.7% in the 2nd quarter. Invesco Ltd. now owns 735,910 shares of the construction company’s stock valued at $169,797,000 after purchasing an additional 333,013 shares during the last quarter. American Century Companies Inc. boosted its stake in Sterling Infrastructure by 84.6% in the third quarter. American Century Companies Inc. now owns 654,096 shares of the construction company’s stock worth $222,184,000 after purchasing an additional 299,724 shares in the last quarter. Frontier Capital Management Co. LLC acquired a new position in Sterling Infrastructure in the second quarter worth $35,931,000. Finally, Aperture Investors LLC bought a new stake in shares of Sterling Infrastructure during the second quarter worth $23,945,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Wall Street Analysts Forecast Growth

STRL has been the subject of a number of research analyst reports. Weiss Ratings raised Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 26th. DA Davidson raised their price objective on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Cantor Fitzgerald boosted their target price on shares of Sterling Infrastructure from $413.00 to $482.00 and gave the stock an “overweight” rating in a research note on Monday. Zacks Research lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Finally, Stifel Nicolaus set a $486.00 price target on shares of Sterling Infrastructure and gave the company a “buy” rating in a report on Wednesday, February 11th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $489.33.

Sterling Infrastructure Stock Performance

Sterling Infrastructure stock opened at $415.51 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.25. Sterling Infrastructure, Inc. has a 1 year low of $96.34 and a 1 year high of $477.03. The company has a market cap of $12.73 billion, a PE ratio of 44.34, a PEG ratio of 2.47 and a beta of 1.48. The company’s 50-day moving average is $370.28 and its two-hundred day moving average is $346.50.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings results on Wednesday, February 25th. The construction company reported $3.08 EPS for the quarter, topping the consensus estimate of $2.63 by $0.45. Sterling Infrastructure had a net margin of 11.65% and a return on equity of 32.82%. The company had revenue of $755.61 million during the quarter, compared to analysts’ expectations of $639.41 million. Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. Equities analysts anticipate that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current year.

Sterling Infrastructure announced that its Board of Directors has approved a share repurchase plan on Wednesday, November 12th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the construction company to purchase up to 3.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Sterling Infrastructure

In related news, Director Dwayne Andree Wilson sold 2,860 shares of the company’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $350.00, for a total value of $1,001,000.00. Following the completion of the sale, the director owned 14,749 shares in the company, valued at approximately $5,162,150. This represents a 16.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Dana C. O’brien sold 2,000 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $410.00, for a total value of $820,000.00. Following the completion of the transaction, the director directly owned 11,498 shares in the company, valued at $4,714,180. The trade was a 14.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 6,860 shares of company stock valued at $2,611,000 in the last quarter. Corporate insiders own 2.70% of the company’s stock.

About Sterling Infrastructure

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.