Segall Bryant & Hamill LLC Sells 15,892 Shares of Sterling Infrastructure, Inc. $STRL

Segall Bryant & Hamill LLC lessened its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 26.1% in the 3rd quarter, Holdings Channel reports. The firm owned 45,112 shares of the construction company’s stock after selling 15,892 shares during the period. Segall Bryant & Hamill LLC’s holdings in Sterling Infrastructure were worth $15,324,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in Sterling Infrastructure by 8.3% during the second quarter. JPMorgan Chase & Co. now owns 122,623 shares of the construction company’s stock worth $28,293,000 after acquiring an additional 9,374 shares in the last quarter. Frontier Capital Management Co. LLC acquired a new position in shares of Sterling Infrastructure during the 2nd quarter worth approximately $35,931,000. VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in shares of Sterling Infrastructure by 76.4% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 10,393 shares of the construction company’s stock worth $3,530,000 after purchasing an additional 4,500 shares during the last quarter. Emerald Advisers LLC raised its stake in shares of Sterling Infrastructure by 50.3% during the 3rd quarter. Emerald Advisers LLC now owns 82,582 shares of the construction company’s stock worth $28,051,000 after purchasing an additional 27,627 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Sterling Infrastructure by 66.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,601 shares of the construction company’s stock valued at $831,000 after buying an additional 1,443 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Sterling Infrastructure Trading Down 4.0%

Shares of Sterling Infrastructure stock opened at $415.51 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.01 and a quick ratio of 1.01. The business has a fifty day simple moving average of $370.28 and a two-hundred day simple moving average of $346.50. Sterling Infrastructure, Inc. has a 1 year low of $96.34 and a 1 year high of $477.03. The company has a market capitalization of $12.73 billion, a price-to-earnings ratio of 44.34, a P/E/G ratio of 2.47 and a beta of 1.48.

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

Sterling Infrastructure announced that its board has initiated a stock buyback plan on Wednesday, November 12th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the construction company to purchase up to 3.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dwayne Andree Wilson sold 2,860 shares of the stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $350.00, for a total value of $1,001,000.00. Following the transaction, the director directly owned 14,749 shares of the company’s stock, valued at $5,162,150. This represents a 16.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dana C. O’brien sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $410.00, for a total transaction of $820,000.00. Following the sale, the director owned 11,498 shares of the company’s stock, valued at $4,714,180. This trade represents a 14.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 6,860 shares of company stock worth $2,611,000. 2.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

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.