Segall Bryant & Hamill LLC Purchases 30,437 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

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

Several other institutional investors have also bought and sold shares of the stock. Meeder Asset Management Inc. lifted its stake in shares of Sterling Infrastructure by 65.1% in the 3rd quarter. Meeder Asset Management Inc. now owns 3,417 shares of the construction company's stock worth $496,000 after acquiring an additional 1,347 shares during the period. Pathstone Holdings LLC raised its holdings in Sterling Infrastructure by 157.1% during the third quarter. Pathstone Holdings LLC now owns 9,900 shares of the construction company's stock worth $1,436,000 after purchasing an additional 6,049 shares in the last quarter. Baron Wealth Management LLC acquired a new stake in Sterling Infrastructure in the third quarter worth approximately $305,000. Quest Partners LLC increased its position in shares of Sterling Infrastructure by 212.4% during the 3rd quarter. Quest Partners LLC now owns 3,624 shares of the construction company's stock valued at $526,000 after purchasing an additional 2,464 shares during the period. Finally, RiverPark Advisors LLC grew its holdings in Sterling Infrastructure by 52.2% during the third quarter. RiverPark Advisors LLC now owns 1,802 shares of the construction company's stock worth $261,000 after acquiring an additional 618 shares during the period. Institutional investors and hedge funds own 80.95% of the company's stock.

Wall Street Analysts Forecast Growth

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

Sterling Infrastructure Stock Down 1.8 %

Shares of Sterling Infrastructure stock opened at $189.43 on Thursday. Sterling Infrastructure, Inc. has a 12-month low of $62.13 and a 12-month high of $201.27. The stock's fifty day moving average is $156.17 and its 200-day moving average is $130.82. The firm has a market capitalization of $5.82 billion, a PE ratio of 32.00, a price-to-earnings-growth ratio of 2.16 and a beta of 1.15. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last released its earnings results on Wednesday, November 6th. The construction company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.29. The company had revenue of $593.74 million for the quarter, compared to analysts' expectations of $599.90 million. Sterling Infrastructure had a return on equity of 27.52% and a net margin of 8.77%. During the same quarter in the previous year, the business posted $1.26 EPS. Equities analysts anticipate that Sterling Infrastructure, Inc. will post 5.96 earnings per share for the current year.

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, EVP Ronald A. Ballschmiede sold 18,700 shares of the business's stock in a transaction dated 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 completion of the sale, the executive vice president now owns 248,471 shares of the company's stock, valued at $35,677,950.89. The trade was a 7.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.70% of the stock is currently owned by company insiders.

About Sterling Infrastructure

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.