3,174 Shares in Construction Partners, Inc. $ROAD Acquired by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC acquired 3,174 shares of Construction Partners, Inc. (NASDAQ:ROAD), valued at approximately $344,000, during the second quarter.
• Construction Partners' recent earnings report showed an EPS of $0.81, falling short of the consensus estimate of $0.87, despite a 50.5% year-over-year revenue increase to $779.28 million.
• Equities analysts have raised Construction Partners from a "hold" rating to a "strong-buy" rating, with a consensus target price of $112.33 for the stock.

Wealth Enhancement Advisory Services LLC purchased a new position in Construction Partners, Inc. (NASDAQ:ROAD - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,174 shares of the company's stock, valued at approximately $344,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Montag A & Associates Inc. acquired a new stake in shares of Construction Partners in the 1st quarter worth approximately $29,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Construction Partners in the 1st quarter valued at approximately $60,000. SVB Wealth LLC purchased a new stake in Construction Partners in the 1st quarter valued at approximately $80,000. Golden State Wealth Management LLC lifted its stake in Construction Partners by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 1,126 shares of the company's stock valued at $81,000 after buying an additional 563 shares in the last quarter. Finally, Covestor Ltd lifted its stake in Construction Partners by 124.4% in the 1st quarter. Covestor Ltd now owns 1,409 shares of the company's stock valued at $101,000 after buying an additional 781 shares in the last quarter. Institutional investors and hedge funds own 94.83% of the company's stock.

Construction Partners Stock Down 1.9%

Shares of NASDAQ ROAD opened at $121.79 on Wednesday. Construction Partners, Inc. has a 12-month low of $64.79 and a 12-month high of $138.90. The company has a market cap of $6.83 billion, a P/E ratio of 88.90, a P/E/G ratio of 1.07 and a beta of 0.98. The company has a current ratio of 1.47, a quick ratio of 1.20 and a debt-to-equity ratio of 1.63. The stock has a fifty day moving average price of $118.73 and a 200 day moving average price of $102.94.

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Baird R W raised Construction Partners from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 8th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Construction Partners in a research note on Saturday, September 27th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Construction Partners in a research note on Friday, August 8th. Finally, Robert W. Baird set a $122.00 target price on Construction Partners and gave the company an "outperform" rating in a research note on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Construction Partners has an average rating of "Buy" and a consensus target price of $112.33.

Construction Partners 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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