Quantbot Technologies LP Invests $525,000 in Construction Partners, Inc. $ROAD

Key Points

• Quantbot Technologies LP has purchased 7,305 shares of Construction Partners, Inc. (NASDAQ: ROAD), valued at approximately $525,000, highlighting growing institutional interest in the company.
• Several analysts have upgraded Construction Partners to a "strong-buy" rating, with a consensus price target of $112.33, indicating positive market sentiment.
• Despite revenue growth of 50.5% year-over-year, Construction Partners reported a quarterly earnings miss, with earnings per share of $0.81 versus an expected $0.87.

Quantbot Technologies LP purchased a new stake in Construction Partners, Inc. (NASDAQ:ROAD - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,305 shares of the company's stock, valued at approximately $525,000.

Other hedge funds also recently added to or reduced their stakes in the company. Montag A & Associates Inc. purchased a new stake in Construction Partners in the first quarter valued at $29,000. Versant Capital Management Inc purchased a new stake in Construction Partners in the first quarter valued at $30,000. Johnson Financial Group Inc. purchased a new stake in Construction Partners in the fourth quarter valued at $66,000. Golden State Wealth Management LLC boosted its stake in shares of Construction Partners by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 1,126 shares of the company's stock worth $81,000 after acquiring an additional 563 shares in the last quarter. Finally, Covestor Ltd boosted its stake in shares of Construction Partners by 124.4% during the 1st quarter. Covestor Ltd now owns 1,409 shares of the company's stock worth $101,000 after acquiring an additional 781 shares in the last quarter. 94.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ROAD shares. Raymond James Financial reissued a "strong-buy" rating on shares of Construction Partners in a research note on Friday, August 8th. Robert W. Baird set a $122.00 price target on shares of Construction Partners and gave the company an "outperform" rating in a research note on Friday, August 8th. Finally, Baird R W raised 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 assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $112.33.

Construction Partners Price Performance

ROAD stock traded up $0.19 during mid-day trading on Thursday, reaching $121.47. The company's stock had a trading volume of 347,956 shares, compared to its average volume of 683,930. The stock has a market cap of $6.81 billion, a PE ratio of 88.66, a P/E/G ratio of 1.55 and a beta of 1.00. The company has a current ratio of 1.47, a quick ratio of 1.20 and a debt-to-equity ratio of 1.63. Construction Partners, Inc. has a fifty-two week low of $56.52 and a fifty-two week high of $124.12. The company's 50 day moving average is $107.66 and its two-hundred day moving average is $92.67.

Construction Partners (NASDAQ:ROAD - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The business 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%. The firm's revenue was up 50.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.59 EPS. Construction Partners has set its FY 2025 guidance at EPS. Equities research analysts expect that Construction Partners, Inc. will post 1.96 EPS for the current year.

About Construction Partners

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.