Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC lessened its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 83.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,214 shares of the construction company's stock after selling 36,419 shares during the period. Calamos Advisors LLC's holdings in Sterling Infrastructure were worth $817,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in STRL. Vanguard Group Inc. increased its stake in Sterling Infrastructure by 30.0% in the 4th quarter. Vanguard Group Inc. now owns 2,523,804 shares of the construction company's stock worth $425,135,000 after buying an additional 581,847 shares during the period. Capital Research Global Investors increased its position in Sterling Infrastructure by 78.5% during the 4th quarter. Capital Research Global Investors now owns 574,976 shares of the construction company's stock valued at $96,855,000 after purchasing an additional 252,934 shares during the period. First Trust Advisors LP increased its position in Sterling Infrastructure by 74.1% during the 4th quarter. First Trust Advisors LP now owns 356,339 shares of the construction company's stock valued at $60,025,000 after purchasing an additional 151,642 shares during the period. Invesco Ltd. increased its position in Sterling Infrastructure by 22.5% during the 4th quarter. Invesco Ltd. now owns 757,273 shares of the construction company's stock valued at $127,563,000 after purchasing an additional 139,081 shares during the period. Finally, Axiom Investors LLC DE purchased a new position in Sterling Infrastructure during the 4th quarter valued at about $20,373,000. Hedge funds and other institutional investors own 80.95% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on STRL shares. Wall Street Zen downgraded shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. DA Davidson raised their target price on shares of Sterling Infrastructure from $205.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th.

Insider Buying and Selling

In other news, General Counsel Mark D. Wolf sold 3,500 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $225.87, for a total transaction of $790,545.00. Following the completion of the sale, the general counsel owned 29,315 shares of the company's stock, valued at $6,621,379.05. This represents a 10.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dana C. O'brien sold 10,154 shares of the company's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $206.58, for a total transaction of $2,097,613.32. Following the completion of the sale, the director directly owned 16,498 shares of the company's stock, valued at $3,408,156.84. This represents a 38.10% decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.

Sterling Infrastructure Stock Up 1.2%

Shares of Sterling Infrastructure stock traded up $2.90 on Thursday, reaching $236.29. The stock had a trading volume of 496,391 shares, compared to its average volume of 525,360. The company has a 50 day moving average price of $201.42 and a 200 day moving average price of $162.44. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.34. Sterling Infrastructure, Inc. has a 1 year low of $93.50 and a 1 year high of $240.49. The stock has a market capitalization of $7.19 billion, a P/E ratio of 27.60, a P/E/G ratio of 1.88 and a beta of 1.40.

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.