TD Waterhouse Canada Inc. Invests $436,000 in Sterling Infrastructure, Inc. (NASDAQ:STRL)

TD Waterhouse Canada Inc. acquired a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,591 shares of the construction company's stock, valued at approximately $436,000.

A number of other institutional investors have also modified their holdings of STRL. SBI Securities Co. Ltd. purchased a new stake in shares of Sterling Infrastructure in the fourth quarter worth about $39,000. Huntington National Bank boosted its holdings in Sterling Infrastructure by 34.6% in the 4th quarter. Huntington National Bank now owns 288 shares of the construction company's stock worth $49,000 after acquiring an additional 74 shares during the period. National Bank of Canada FI acquired a new stake in Sterling Infrastructure in the fourth quarter valued at approximately $56,000. Arcadia Investment Management Corp MI purchased a new stake in shares of Sterling Infrastructure during the fourth quarter valued at approximately $71,000. Finally, Venturi Wealth Management LLC lifted its position in shares of Sterling Infrastructure by 1,369.0% during the fourth quarter. Venturi Wealth Management LLC now owns 617 shares of the construction company's stock worth $104,000 after purchasing an additional 575 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company's stock.

Sterling Infrastructure Stock Down 0.2 %

STRL traded down $0.28 during trading on Tuesday, hitting $149.28. The company had a trading volume of 416,300 shares, compared to its average volume of 490,632. Sterling Infrastructure, Inc. has a 1-year low of $93.50 and a 1-year high of $206.07. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market cap of $4.54 billion, a PE ratio of 25.22, a P/E/G ratio of 1.28 and a beta of 1.19. The business has a 50-day moving average of $125.21 and a 200-day moving average of $154.19.

Wall Street Analyst Weigh In

STRL has been the subject of a number of recent analyst reports. StockNews.com lowered shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th. William Blair began coverage on Sterling Infrastructure in a research report on Friday, January 17th. They set an "outperform" rating on the stock. Finally, DA Davidson raised Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price target for the company in a report on Thursday, February 27th.

About Sterling Infrastructure

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.