Calamos Advisors LLC Trims Stock Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Calamos Advisors LLC trimmed its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 9.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,633 shares of the construction company's stock after selling 4,766 shares during the quarter. Calamos Advisors LLC owned about 0.14% of Sterling Infrastructure worth $7,350,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of STRL. Quarry LP increased its holdings in Sterling Infrastructure by 510.7% in the 3rd quarter. Quarry LP now owns 171 shares of the construction company's stock valued at $25,000 after purchasing an additional 143 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Sterling Infrastructure in the 3rd quarter valued at approximately $26,000. Huntington National Bank increased its holdings in Sterling Infrastructure by 21,300.0% in the 3rd quarter. Huntington National Bank now owns 214 shares of the construction company's stock valued at $31,000 after purchasing an additional 213 shares during the last quarter. Signaturefd LLC increased its holdings in Sterling Infrastructure by 119.3% in the 3rd quarter. Signaturefd LLC now owns 296 shares of the construction company's stock valued at $43,000 after purchasing an additional 161 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Sterling Infrastructure in the 3rd quarter valued at approximately $44,000. 80.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on STRL. William Blair began coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They issued an "outperform" rating for the company. StockNews.com downgraded shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Thursday.

Insider Buying and Selling at Sterling Infrastructure

In other news, Director Dana C. O'brien sold 2,000 shares of Sterling Infrastructure stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total transaction of $351,780.00. Following the completion of the sale, the director now directly owns 25,901 shares of the company's stock, valued at approximately $4,555,726.89. The trade was a 7.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.70% of the stock is currently owned by corporate insiders.

Sterling Infrastructure Stock Up 0.9 %

STRL stock traded up $1.37 during midday trading on Friday, hitting $149.72. The company's stock had a trading volume of 369,995 shares, compared to its average volume of 506,250. 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, Inc. has a 52-week low of $76.01 and a 52-week high of $206.07. The firm has a market capitalization of $4.60 billion, a P/E ratio of 25.29, a PEG ratio of 1.53 and a beta of 1.24. The firm has a 50-day simple moving average of $172.14 and a 200-day simple moving average of $152.86.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The construction company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.68 by $0.29. Sterling Infrastructure had a net margin of 8.77% and a return on equity of 27.52%. The company had revenue of $593.74 million during the quarter, compared to analysts' expectations of $599.90 million. During the same quarter last year, the company posted $1.26 EPS. As a group, equities analysts forecast that Sterling Infrastructure, Inc. will post 5.98 EPS for the current 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.