Jump Financial LLC Invests $1.71 Million in Construction Partners, Inc. $ROAD

Key Points

• Jump Financial LLC acquired a new position in Construction Partners, Inc. by purchasing 23,748 shares valued at approximately $1.7 million in the first quarter, reflecting increasing institutional interest in the company.
• Despite a 50.5% year-over-year revenue increase, Construction Partners reported earnings per share of $0.81, missing estimates by $0.06, indicating challenges in meeting market expectations.
• Two analysts rated Construction Partners as a Strong Buy, with an average target price of $112.33, showcasing a positive outlook from market analysts.

Jump Financial LLC acquired a new position in Construction Partners, Inc. (NASDAQ:ROAD - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 23,748 shares of the company's stock, valued at approximately $1,707,000.

Other hedge funds also recently added to or reduced their stakes in the company. Montag A & Associates Inc. acquired a new stake in Construction Partners during the 1st quarter worth about $29,000. Versant Capital Management Inc acquired a new position in shares of Construction Partners in the first quarter valued at about $30,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Construction Partners during the first quarter worth about $60,000. SVB Wealth LLC acquired a new stake in shares of Construction Partners during the first quarter worth about $80,000. Finally, Golden State Wealth Management LLC lifted its holdings in shares of Construction Partners by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 1,126 shares of the company's stock worth $81,000 after purchasing an additional 563 shares during the period. 94.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on ROAD shares. Robert W. Baird set a $122.00 target price on Construction Partners and gave the stock an "outperform" rating in a report on Friday, August 8th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Construction Partners in a research note on Friday, August 8th. Finally, Baird R W upgraded shares of Construction Partners from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $112.33.

Construction Partners Price Performance

Shares of ROAD traded down $1.57 during mid-day trading on Monday, hitting $119.90. 320,441 shares of the company were exchanged, compared to its average volume of 641,855. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.20 and a current ratio of 1.47. Construction Partners, Inc. has a 1-year low of $56.52 and a 1-year high of $124.12. The stock has a market cap of $6.73 billion, a price-to-earnings ratio of 87.52, a price-to-earnings-growth ratio of 1.54 and a beta of 0.99. The company has a 50 day moving average of $108.01 and a 200-day moving average of $93.12.

Construction Partners (NASDAQ:ROAD - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company had revenue of $779.28 million during the quarter, compared to analyst estimates of $810.47 million. Construction Partners had a net margin of 3.04% and a return on equity of 12.24%. Construction Partners's revenue for the quarter was up 50.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.59 EPS. Construction Partners has set its FY 2025 guidance at EPS. Analysts expect that Construction Partners, Inc. will post 1.96 EPS for the current fiscal year.

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.