Calamos Advisors LLC Trims Stock Position in Sterling Infrastructure, Inc. $STRL

Key Points

• Calamos Advisors LLC cut its stake in Sterling Infrastructure by 26.2%, selling 4,071 shares and ending the quarter with 11,453 shares valued at $3.51 million, while overall institutional ownership stands at about 80.95%.
• CEO Joseph A. Cutillo sold 50,000 shares at an average price of $497.57 (≈$24.88M) and insiders have sold 104,000 shares worth $49.16M in the past 90 days, leaving insiders with roughly 1.6% ownership; the CEO’s sale was made under a Rule 10b5-1 plan.
• Sterling reported a strong quarter—EPS $3.08 vs. $2.63 expected and revenue $755.6M vs. $639.4M expected—set FY2026 guidance of 13.450–14.050 EPS, and carries a consensus analyst target of $510 with an average rating of “Buy.”

Calamos Advisors LLC cut its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 26.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,453 shares of the construction company's stock after selling 4,071 shares during the quarter. Calamos Advisors LLC's holdings in Sterling Infrastructure were worth $3,507,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of STRL. Empowered Funds LLC purchased a new position in Sterling Infrastructure during the first quarter worth $378,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Sterling Infrastructure by 12.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 83,983 shares of the construction company's stock valued at $9,508,000 after acquiring an additional 9,625 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of Sterling Infrastructure by 13.7% during the first quarter. Focus Partners Wealth now owns 2,313 shares of the construction company's stock valued at $262,000 after acquiring an additional 279 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Sterling Infrastructure during the 2nd quarter worth about $5,929,000. Finally, Cerity Partners LLC increased its position in Sterling Infrastructure by 195.7% during the 2nd quarter. Cerity Partners LLC now owns 19,522 shares of the construction company's stock worth $4,504,000 after purchasing an additional 12,921 shares in the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O'brien sold 2,000 shares of Sterling Infrastructure stock in a transaction on Monday, February 9th. The shares were sold at an average price of $410.00, for a total value of $820,000.00. Following the transaction, the director owned 11,498 shares in the company, valued at $4,714,180. This trade represents a 14.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Joseph A. Cutillo sold 50,000 shares of the company's stock in a transaction on Thursday, April 23rd. The stock was 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 of the company's stock, valued at approximately $144,590,359.01. The trade was a 14.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 104,000 shares of company stock valued at $49,162,500 in the last ninety days. 1.60% of the stock is currently owned by company insiders.

Sterling Infrastructure Price Performance

STRL opened at $497.18 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $15.25 billion, a price-to-earnings ratio of 53.06, a price-to-earnings-growth ratio of 2.56 and a beta of 1.51. The business has a 50-day moving average of $430.64 and a two-hundred day moving average of $377.42. Sterling Infrastructure, Inc. has a 12 month low of $143.20 and a 12 month high of $512.36.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The construction company reported $3.08 EPS for the quarter, beating analysts' consensus estimates of $2.63 by $0.45. Sterling Infrastructure had a net margin of 11.65% and a return on equity of 32.82%. The company had revenue of $755.61 million during the quarter, compared to the consensus estimate of $639.41 million. Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. On average, research analysts expect that Sterling Infrastructure, Inc. will post 12.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Stifel Nicolaus set a $486.00 price target on shares of Sterling Infrastructure and gave the stock a "buy" rating in a research note on Wednesday, February 11th. Weiss Ratings raised shares of Sterling Infrastructure from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, January 26th. KeyCorp assumed coverage on shares of Sterling Infrastructure in a research report on Thursday. They set an "overweight" rating and a $572.00 target price on the stock. Argus assumed coverage on shares of Sterling Infrastructure in a research note on Thursday, April 16th. They issued a "buy" rating and a $510.00 target price for the company. Finally, Zacks Research upgraded Sterling Infrastructure from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 4th. Two investment analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $510.00.

About Sterling Infrastructure

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.

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