Advantage Alpha Capital Partners LP Has $4.16 Million Position in Construction Partners, Inc. $ROAD

Key Points

• Advantage Alpha Capital Partners LP increased its stake in Construction Partners, Inc. by 89.6%, owning 57,863 shares after acquiring an additional 27,346 shares during the first quarter.
• Construction Partners reported earnings of $0.81 per share, missing analyst estimates of $0.87, with quarterly revenue of $779.28 million, which was below the expected $810.47 million.
• Wall Street analysts have given Construction Partners a consensus rating of "Buy" with price targets ranging up to $122.00.

Advantage Alpha Capital Partners LP boosted its position in shares of Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 89.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 57,863 shares of the company's stock after purchasing an additional 27,346 shares during the quarter. Advantage Alpha Capital Partners LP owned 0.10% of Construction Partners worth $4,159,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Artemis Investment Management LLP lifted its stake in Construction Partners by 225.9% in the first quarter. Artemis Investment Management LLP now owns 695,949 shares of the company's stock valued at $50,018,000 after buying an additional 482,374 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in Construction Partners in the fourth quarter valued at approximately $22,456,000. Allspring Global Investments Holdings LLC lifted its stake in Construction Partners by 39.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 856,528 shares of the company's stock valued at $62,724,000 after buying an additional 240,496 shares in the last quarter. Vanguard Group Inc. lifted its stake in Construction Partners by 5.0% in the first quarter. Vanguard Group Inc. now owns 3,666,331 shares of the company's stock valued at $263,499,000 after buying an additional 173,963 shares in the last quarter. Finally, Nuveen LLC bought a new position in Construction Partners in the first quarter valued at approximately $8,588,000. Institutional investors and hedge funds own 94.83% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. 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. 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, Raymond James Financial reissued a "strong-buy" rating on shares of Construction Partners in a research report 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $112.33.

Construction Partners Price Performance

Shares of ROAD stock traded down $1.01 on Wednesday, reaching $121.28. The company had a trading volume of 119,124 shares, compared to its average volume of 562,067. The stock has a market capitalization of $6.80 billion, a PE ratio of 88.45, a price-to-earnings-growth ratio of 1.55 and a beta of 1.00. The company has a quick ratio of 1.20, a current ratio of 1.47 and a debt-to-equity ratio of 1.63. Construction Partners, Inc. has a one year low of $56.52 and a one year high of $122.97. The business's 50-day moving average is $106.95 and its 200 day moving average is $92.19.

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