Construction Partners (NASDAQ:ROAD) Announces Quarterly Earnings Results

Key Points

• Construction Partners reported a $0.81 EPS for the quarter, falling short of analysts' expectations of $0.87 and achieving a 50.5% revenue increase year-over-year.
• The company's quarterly revenue amounted to $779.28 million, below the expected $810.47 million, while its return on equity stood at 11.49%.
• Institutional investors hold 94.83% of Construction Partners stock, with recent notable increases in positions from firms like AQR Capital Management and UBS Asset Management.

Construction Partners (NASDAQ:ROAD - Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06), Zacks reports. Construction Partners had a return on equity of 11.49% and a net margin of 2.80%. The firm had revenue of $779.28 million for the quarter, compared to analysts' expectations of $810.47 million. During the same quarter in the previous year, the company posted $0.59 EPS. The firm's quarterly revenue was up 50.5% compared to the same quarter last year. Construction Partners updated its FY 2025 guidance to EPS.

Construction Partners Price Performance

ROAD stock opened at $104.59 on Friday. The firm has a 50 day moving average of $104.38 and a 200-day moving average of $89.28. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 89.39, a PEG ratio of 1.19 and a beta of 1.00. The company has a current ratio of 1.42, a quick ratio of 1.13 and a debt-to-equity ratio of 1.63. Construction Partners has a 12-month low of $55.78 and a 12-month high of $114.74.

Hedge Funds Weigh In On Construction Partners

Hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC increased its position in shares of Construction Partners by 14.4% in the first quarter. AQR Capital Management LLC now owns 10,333 shares of the company's stock valued at $743,000 after buying an additional 1,302 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Construction Partners by 11.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 96,191 shares of the company's stock valued at $6,913,000 after purchasing an additional 9,656 shares in the last quarter. Intech Investment Management LLC grew its position in shares of Construction Partners by 11.4% in the first quarter. Intech Investment Management LLC now owns 24,292 shares of the company's stock valued at $1,746,000 after purchasing an additional 2,482 shares during the last quarter. Finally, Strs Ohio purchased a new position in shares of Construction Partners during the 1st quarter worth approximately $165,000. 94.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on ROAD shares. Robert W. Baird set a $122.00 price target on shares of Construction Partners in a report on Friday. Raymond James Financial reduced their price target on Construction Partners from $104.00 to $100.00 and set a "strong-buy" rating for the company in a report on Tuesday, April 29th.

Construction Partners Company Profile

Construction Partners, Inc, a civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company provides various products and services to public and private infrastructure projects, such as highways, roads, bridges, airports, and commercial and residential developments.

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