Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC trimmed its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 1.3% during the fourth quarter, Holdings Channel reports. The firm owned 97,946 shares of the construction company’s stock after selling 1,316 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Sterling Infrastructure were worth $16,499,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of STRL. Kovack Advisors Inc. grew its position in shares of Sterling Infrastructure by 3.2% during the 4th quarter. Kovack Advisors Inc. now owns 2,914 shares of the construction company’s stock valued at $491,000 after buying an additional 91 shares during the last quarter. Willis Investment Counsel boosted its stake in Sterling Infrastructure by 1.4% in the fourth quarter. Willis Investment Counsel now owns 7,535 shares of the construction company’s stock valued at $1,269,000 after acquiring an additional 101 shares during the period. Xponance Inc. grew its holdings in shares of Sterling Infrastructure by 6.5% during the fourth quarter. Xponance Inc. now owns 2,144 shares of the construction company’s stock valued at $361,000 after purchasing an additional 131 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Sterling Infrastructure by 7.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,980 shares of the construction company’s stock worth $334,000 after purchasing an additional 137 shares during the period. Finally, Quarry LP lifted its holdings in shares of Sterling Infrastructure by 510.7% in the 3rd quarter. Quarry LP now owns 171 shares of the construction company’s stock worth $25,000 after purchasing an additional 143 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

STRL has been the subject of a number of recent research reports. William Blair initiated coverage on Sterling Infrastructure in a research note on Friday, January 17th. They set an “outperform” rating for the company. DA Davidson upgraded shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a research report on Thursday, February 27th. Finally, StockNews.com downgraded shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a research report on Monday.

Sterling Infrastructure Stock Performance

Shares of STRL stock opened at $131.29 on Wednesday. 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. The firm 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. The business has a 50 day simple moving average of $138.68 and a 200 day simple moving average of $156.36.

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.