49 Wealth Management LLC Purchases New Holdings in Construction Partners, Inc. $ROAD

Key Points

• 49 Wealth Management LLC disclosed a new stake in Construction Partners, buying 28,333 shares valued at about $3.1 million in the fourth quarter.
• Construction Partners reported a strong quarter, with adjusted EPS of $0.18 versus expectations for a loss and revenue of $769.2 million, up 34.6% year over year.
• The company also raised FY2026 revenue guidance to $3.6 billion-$3.7 billion and cited a record backlog of $3.14 billion, while analysts overall maintain a Moderate Buy rating with a $132.40 average price target.

49 Wealth Management LLC purchased a new stake in shares of Construction Partners, Inc. (NASDAQ:ROAD - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 28,333 shares of the company's stock, valued at approximately $3,076,000. 49 Wealth Management LLC owned 0.05% of Construction Partners as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MAI Capital Management increased its stake in Construction Partners by 21.7% during the third quarter. MAI Capital Management now owns 505 shares of the company's stock valued at $64,000 after acquiring an additional 90 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in shares of Construction Partners by 3.0% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 5,248 shares of the company's stock valued at $666,000 after purchasing an additional 152 shares during the period. AlphaQuest LLC grew its stake in shares of Construction Partners by 292.5% in the 3rd quarter. AlphaQuest LLC now owns 208 shares of the company's stock valued at $26,000 after purchasing an additional 155 shares during the period. Arizona State Retirement System grew its stake in shares of Construction Partners by 1.3% in the 3rd quarter. Arizona State Retirement System now owns 13,938 shares of the company's stock valued at $1,770,000 after purchasing an additional 176 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Construction Partners by 13.9% in the 4th quarter. GAMMA Investing LLC now owns 1,467 shares of the company's stock valued at $159,000 after purchasing an additional 179 shares during the period. 94.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ROAD. Weiss Ratings upgraded Construction Partners from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, April 21st. B. Riley Financial upgraded Construction Partners from a "neutral" rating to a "buy" rating and upped their price objective for the company from $117.00 to $135.00 in a research note on Thursday, April 2nd. Raymond James Financial reiterated a "strong-buy" rating and issued a $140.00 price objective on shares of Construction Partners in a research note on Monday, April 27th. Zacks Research lowered Construction Partners from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 27th. Finally, DA Davidson upped their price objective on Construction Partners from $120.00 to $130.00 and gave the company a "neutral" rating in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $132.40.

Construction Partners News Roundup

Here are the key news stories impacting Construction Partners this week:

• Positive Sentiment: The company beat expectations with adjusted EPS of $0.18 versus a loss estimate, while revenue of $769.2 million also topped forecasts; revenue rose 34.6% year over year, showing strong demand and execution. Earnings report and conference call
• Positive Sentiment: Construction Partners raised FY2026 revenue guidance to $3.6 billion-$3.7 billion, above the market’s $3.5 billion estimate, reinforcing expectations for continued growth. PR Newswire earnings release
• Positive Sentiment: The company cited record backlog of $3.14 billion, which suggests revenue visibility remains strong and supports the bullish reaction in the stock. PR Newswire earnings release
• Neutral Sentiment: Investors also reacted to the Q2 earnings call transcript, where management likely provided more detail on margins, backlog, and the updated fiscal 2026 outlook. Seeking Alpha transcript

Construction Partners Price Performance

NASDAQ ROAD opened at $140.48 on Monday. The firm has a market cap of $7.94 billion, a PE ratio of 61.61, a price-to-earnings-growth ratio of 1.25 and a beta of 0.92. Construction Partners, Inc. has a one year low of $91.72 and a one year high of $151.00. The stock's 50 day simple moving average is $119.17 and its 200 day simple moving average is $115.97. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.59 and a quick ratio of 1.26.

Construction Partners (NASDAQ:ROAD - Get Free Report) last released its quarterly earnings results on Friday, May 8th. The company reported $0.18 EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.23. The business had revenue of $769.20 million for the quarter, compared to analyst estimates of $678.46 million. Construction Partners had a return on equity of 15.50% and a net margin of 3.90%.Construction Partners's revenue for the quarter was up 34.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.08 EPS. As a group, sell-side analysts forecast that Construction Partners, Inc. will post 2.87 earnings per share for the current fiscal year.

About Construction Partners

Construction Partners, Inc NASDAQ: ROAD is a specialty contractor and infrastructure solutions provider focused on road building, paving, site development and aggregate production. The company delivers a comprehensive suite of civil construction services, including roadway paving and milling, site grading and preparation, stormwater and utility installation, and full-scale asphalt plant operations. By integrating materials production with contracting capabilities, the firm aims to streamline project delivery and maintain quality control across its contracting and materials businesses.

At the heart of Construction Partners' operations are its network of asphalt plants, quarries and aggregate production facilities.

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