Calamos Advisors LLC Has $5.05 Million Position in Sterling Infrastructure, Inc. $STRL

Calamos Advisors LLC boosted its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 8.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,399 shares of the construction company’s stock after buying an additional 946 shares during the quarter. Calamos Advisors LLC’s holdings in Sterling Infrastructure were worth $5,050,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp increased its position in Sterling Infrastructure by 62.0% in the 2nd quarter. State Street Corp now owns 1,131,751 shares of the construction company’s stock valued at $261,129,000 after acquiring an additional 433,311 shares during the period. Invesco Ltd. raised its stake in shares of Sterling Infrastructure by 29.8% during the third quarter. Invesco Ltd. now owns 955,387 shares of the construction company’s stock valued at $324,526,000 after acquiring an additional 219,477 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Sterling Infrastructure by 13.8% during the fourth quarter. First Trust Advisors LP now owns 689,942 shares of the construction company’s stock worth $211,281,000 after purchasing an additional 83,706 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Sterling Infrastructure by 3.7% during the fourth quarter. Janus Henderson Group PLC now owns 575,886 shares of the construction company’s stock worth $176,331,000 after purchasing an additional 20,299 shares during the period. Finally, UBS Group AG grew its stake in shares of Sterling Infrastructure by 45.4% in the third quarter. UBS Group AG now owns 483,864 shares of the construction company’s stock worth $164,359,000 after purchasing an additional 151,146 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, General Counsel Mark D. Wolf sold 2,500 shares of the company’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the sale, the general counsel owned 28,137 shares in the company, valued at $24,985,656. This represents a 8.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joseph A. Cutillo sold 50,000 shares of the company’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $497.57, for a total value of $24,878,500.00. Following the sale, the chief executive officer owned 290,593 shares in the company, valued at approximately $144,590,359.01. The trade was a 14.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.60% of the company’s stock.

Sterling Infrastructure Trading Down 1.6%

STRL opened at $668.82 on Thursday. Sterling Infrastructure, Inc. has a twelve month low of $230.00 and a twelve month high of $1,005.68. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average of $807.81 and a 200-day moving average of $551.29. The stock has a market cap of $20.53 billion, a PE ratio of 59.82, a price-to-earnings-growth ratio of 2.47 and a beta of 1.83.

Sterling Infrastructure (NASDAQ:STRL) last released its earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $1.30. The business had revenue of $825.67 million for the quarter, compared to analyst estimates of $603.58 million. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. During the same quarter in the previous year, the business earned $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. On average, sell-side analysts predict that Sterling Infrastructure, Inc. will post 18.35 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Cantor Fitzgerald restated an “overweight” rating on shares of Sterling Infrastructure in a report on Thursday, June 18th. Weiss Ratings raised Sterling Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. Zacks Research upgraded Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 1st. Wall Street Zen cut Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Finally, Argus started coverage on Sterling Infrastructure in a research report on Thursday, April 16th. They set a “buy” rating and a $510.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $720.67.

Sterling Infrastructure Profile

Sterling Infrastructure, Inc (NASDAQ: STRL) is a diversified manufacturer and distributor of essential infrastructure products serving municipal, utility and industrial customers across North America. Through its network of wholly owned subsidiaries, the company designs, engineers and produces a wide range of cast and fabricated solutions tailored to the needs of the waterworks, natural gas, telecommunications, electric, traffic safety and parks & recreation markets.

The company’s product portfolio encompasses ductile iron and composite fittings, valve boxes, manhole frames and covers, water and gas meter sets, street light poles and mounting accessories, traffic sign posts with breakaway systems, bollards and related system components.