William Blair Investment Management Adds $242M in Sterling Infrastructure, Inc. ($STRL)
Key Points
- William Blair Investment Management changed its Sterling Infrastructure, Inc. ($STRL) stake by 684.0% last quarter, boosting to 323,421 shares worth $277.54 million.
- Wall Street's consensus rating on $STRL is Strong Buy and an average price target of $941.17.
- $STRL last traded around $858.14.
William Blair Investment Management increased its position in Sterling Infrastructure, Inc. ($STRL) by 684.0% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 323,421 shares of Sterling Infrastructure, Inc. after buying 282,167 shares during the quarter. William Blair Investment Management's holdings in Sterling Infrastructure, Inc. were worth $277.54 million as of its most recent filing.
Sterling Infrastructure, Inc. ($STRL) Stock
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About Sterling Infrastructure, Inc.
Sterling Infrastructure, Inc. engages in the provision of e-infrastructure, transportation, and building solutions in the United States. It operates through three segments: E-Infrastructure, Transportation, 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. Its Transportation Solutions segment is involved in the development of infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, rail, and storm drainage systems for the departments of transportation, regional transit, airport, port, water, and railroads authorities. The Building Solutions segment offers residential and commercial concrete foundations for single-family and multi-family homes, parking structures, elevated slabs, and other concrete work for developers and general contractors, as well as plumbing and surveys services for residential builds. It operates in the United States, primarily across the Southern, Northeastern, Mid-Atlantic and Rocky Mountain regions, and the Pacific Islands. The company was formerly known as Sterling Construction Company, Inc. and changed its name to Sterling Infrastructure, Inc. in June 2022. Sterling Infrastructure, Inc. was founded in 1955 and is headquartered in The Woodlands, Texas.
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