Segall Bryant & Hamill LLC Cuts Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Segall Bryant & Hamill LLC lessened its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 97,946 shares of the construction company’s stock after selling 1,316 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.32% of Sterling Infrastructure worth $16,499,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Sterling Infrastructure by 30.0% during the 4th quarter. Vanguard Group Inc. now owns 2,523,804 shares of the construction company’s stock worth $425,135,000 after purchasing an additional 581,847 shares during the period. Geode Capital Management LLC lifted its position in Sterling Infrastructure by 0.5% during the third quarter. Geode Capital Management LLC now owns 719,980 shares of the construction company’s stock valued at $104,431,000 after buying an additional 3,918 shares in the last quarter. State Street Corp increased its position in shares of Sterling Infrastructure by 0.7% in the third quarter. State Street Corp now owns 713,234 shares of the construction company’s stock worth $103,433,000 after acquiring an additional 5,106 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Sterling Infrastructure by 7.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company’s stock worth $111,873,000 after acquiring an additional 49,008 shares in the last quarter. Finally, Loomis Sayles & Co. L P raised its stake in shares of Sterling Infrastructure by 4.9% in the 3rd quarter. Loomis Sayles & Co. L P now owns 380,972 shares of the construction company’s stock valued at $55,248,000 after acquiring an additional 17,863 shares during the period. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Sterling Infrastructure Trading Down 2.0 %

NASDAQ STRL opened at $131.29 on Wednesday. The company’s fifty day moving average price is $138.68 and its two-hundred day moving average price is $156.36. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32. Sterling Infrastructure, Inc. has a 12 month low of $93.50 and a 12 month high of $206.07. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29.

Analysts Set New Price Targets

Several brokerages recently issued reports on STRL. DA Davidson upgraded Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a report on Thursday, February 27th. William Blair started coverage on Sterling Infrastructure in a research note on Friday, January 17th. They issued an “outperform” rating for the company. Finally, StockNews.com downgraded Sterling Infrastructure from a “buy” rating to a “hold” rating in a report on Monday.

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.