Segall Bryant & Hamill LLC Has $14.40 Million Stock Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Segall Bryant & Hamill LLC increased its position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 44.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 99,262 shares of the construction company's stock after purchasing an additional 30,437 shares during the period. Segall Bryant & Hamill LLC owned about 0.32% of Sterling Infrastructure worth $14,395,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Sterling Infrastructure by 0.5% during the first quarter. Vanguard Group Inc. now owns 1,887,792 shares of the construction company's stock worth $208,242,000 after purchasing an additional 8,851 shares during the period. Congress Asset Management Co. lifted its position in Sterling Infrastructure by 19.1% in the 3rd quarter. Congress Asset Management Co. now owns 647,924 shares of the construction company's stock worth $93,962,000 after buying an additional 104,096 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Sterling Infrastructure by 19.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 617,901 shares of the construction company's stock valued at $89,608,000 after buying an additional 102,101 shares during the period. Driehaus Capital Management LLC grew its holdings in shares of Sterling Infrastructure by 11.4% during the 2nd quarter. Driehaus Capital Management LLC now owns 533,606 shares of the construction company's stock valued at $63,147,000 after acquiring an additional 54,727 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Sterling Infrastructure by 1,088.1% in the third quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company's stock worth $51,561,000 after acquiring an additional 325,620 shares during the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sterling Infrastructure

In other Sterling Infrastructure news, EVP Ronald A. Ballschmiede sold 18,700 shares of Sterling Infrastructure stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $143.59, for a total value of $2,685,133.00. Following the transaction, the executive vice president now directly owns 248,471 shares of the company's stock, valued at $35,677,950.89. The trade was a 7.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.70% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Sterling Infrastructure from a "buy" rating to a "hold" rating in a research report on Sunday, September 15th.

Sterling Infrastructure Stock Up 4.2 %

STRL traded up $7.98 during midday trading on Thursday, hitting $197.41. 278,650 shares of the company's stock traded hands, compared to its average volume of 350,356. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market cap of $6.06 billion, a PE ratio of 32.00, a price-to-earnings-growth ratio of 2.16 and a beta of 1.15. Sterling Infrastructure, Inc. has a one year low of $62.13 and a one year high of $201.27. The stock's fifty day simple moving average is $157.62 and its 200-day simple moving average is $131.23.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.68 by $0.29. Sterling Infrastructure had a net margin of 8.77% and a return on equity of 27.52%. The firm had revenue of $593.74 million during the quarter, compared to analysts' expectations of $599.90 million. During the same period in the prior year, the company posted $1.26 earnings per share. As a group, equities analysts anticipate that Sterling Infrastructure, Inc. will post 5.96 earnings per share for the current fiscal year.

Sterling Infrastructure Company Profile

Sterling Infrastructure, Inc engages in the provision of e-infrastructure, transportation, and building solutions primarily in the United States. It operates through three segments: E-Infrastructure Solutions, Transportation Solutions, and Building Solutions. The E-Infrastructure Solutions segment provides site development services for the blue-chip end users in the e-commerce distribution center, data center, manufacturing, warehousing, and power generation sectors.