Calamos Advisors LLC Has $7.35 Million Stake in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Calamos Advisors LLC reduced its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 9.8% in the 4th quarter, Holdings Channel reports. The firm owned 43,633 shares of the construction company’s stock after selling 4,766 shares during the quarter. Calamos Advisors LLC’s holdings in Sterling Infrastructure were worth $7,350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. lifted its holdings in shares of Sterling Infrastructure by 1,088.1% during the 3rd 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 period. International Assets Investment Management LLC lifted its stake in Sterling Infrastructure by 14,112.0% during the third quarter. International Assets Investment Management LLC now owns 142,120 shares of the construction company’s stock worth $20,610,000 after purchasing an additional 141,120 shares during the period. Congress Asset Management Co. boosted its holdings in Sterling Infrastructure by 19.1% during the third quarter. Congress Asset Management Co. now owns 647,924 shares of the construction company’s stock valued at $93,962,000 after purchasing an additional 104,096 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Sterling Infrastructure by 19.8% in 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 purchasing an additional 102,101 shares during the period. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of Sterling Infrastructure by 58.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 128,824 shares of the construction company’s stock worth $18,682,000 after buying an additional 47,734 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Sterling Infrastructure Stock Performance

NASDAQ:STRL opened at $138.57 on Wednesday. The stock has a market capitalization of $4.26 billion, a P/E ratio of 23.41, a price-to-earnings-growth ratio of 1.47 and a beta of 1.24. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. Sterling Infrastructure, Inc. has a 1 year low of $74.70 and a 1 year high of $206.07. The firm has a 50 day moving average of $175.01 and a 200-day moving average of $152.76.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.29. The firm had revenue of $593.74 million during the quarter, compared to the consensus estimate 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 company posted $1.26 EPS. As a group, sell-side analysts anticipate that Sterling Infrastructure, Inc. will post 5.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on STRL shares. StockNews.com raised Sterling Infrastructure from a “hold” rating to a “buy” rating in a research note on Wednesday, January 29th. William Blair started coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They issued an “outperform” rating on the stock.

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total value of $351,780.00. Following the completion of the sale, the director now owns 25,901 shares in the company, valued at approximately $4,555,726.89. This trade represents a 7.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.80% of the stock is currently owned by company insiders.

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.