49,422 Shares in Construction Partners, Inc. $ROAD Bought by Pinnbrook Capital Management LP

Key Points

• Pinnbrook Capital Management LP acquired a new stake of 49,422 shares in Construction Partners (ROAD) worth about $6.28 million, leaving it with roughly 0.09% ownership; institutional investors now own about 94.83% of the stock.
• Construction Partners reported quarterly EPS of $0.47 versus a $0.31 consensus (beating by $0.16) and revenue of $809.47 million, up 44.1% year‑over‑year and above estimates.
• Analysts have a consensus rating of "Moderate Buy" with an average target of $127.80; the stock opened at $113.97 (down 2.1%) and carries a market cap of $6.44 billion and a P/E of 51.8.

Pinnbrook Capital Management LP acquired a new stake in Construction Partners, Inc. (NASDAQ:ROAD - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 49,422 shares of the company's stock, valued at approximately $6,277,000. Pinnbrook Capital Management LP owned 0.09% of Construction Partners at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC grew its position in Construction Partners by 14.4% during 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 during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in 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 worth $6,913,000 after acquiring an additional 9,656 shares during the period. Intech Investment Management LLC boosted its stake in 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 acquiring an additional 2,482 shares during the last quarter. Strs Ohio bought a new position in shares of Construction Partners during the 1st quarter valued at approximately $165,000. Finally, Bank of Montreal Can bought a new position in shares of Construction Partners during the 2nd quarter valued at approximately $229,000. 94.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ROAD has been the topic of a number of research reports. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Construction Partners in a report on Monday, December 29th. DA Davidson raised their target price on Construction Partners from $120.00 to $130.00 and gave the stock a "neutral" rating in a research report on Friday, February 6th. B. Riley Financial assumed coverage on Construction Partners in a research note on Thursday, January 15th. They issued a "neutral" rating and a $117.00 target price on the stock. Zacks Research raised Construction Partners from a "strong sell" rating to a "strong-buy" rating in a research report on Thursday, January 29th. Finally, Robert W. Baird set a $142.00 price objective on Construction Partners in a report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Construction Partners has a consensus rating of "Moderate Buy" and an average target price of $127.80.

Construction Partners Stock Down 2.1%

Construction Partners stock opened at $113.97 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.26 and a debt-to-equity ratio of 1.76. The firm has a 50 day simple moving average of $122.12 and a 200 day simple moving average of $118.08. The firm has a market capitalization of $6.44 billion, a price-to-earnings ratio of 51.80, a P/E/G ratio of 1.03 and a beta of 0.83. Construction Partners, Inc. has a 1-year low of $64.79 and a 1-year high of $141.90.

Construction Partners (NASDAQ:ROAD - Get Free Report) last announced its earnings results on Thursday, February 5th. The company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.16. Construction Partners had a net margin of 3.99% and a return on equity of 15.26%. The business had revenue of $809.47 million for the quarter, compared to the consensus estimate of $740.14 million. During the same period last year, the firm posted $0.25 earnings per share. Construction Partners's quarterly revenue was up 44.1% on a year-over-year basis. On average, analysts predict that Construction Partners, Inc. will post 1.96 earnings per share for the current year.

Construction Partners Profile

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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