Aigen Investment Management LP Takes Position in Construction Partners, Inc. $ROAD

Key Points

• Aigen Investment Management LP invested approximately $237,000 in Construction Partners, Inc. by purchasing 3,292 shares as reported in their latest SEC filing.
• Following various analyst reports, Baird R W upgraded Construction Partners from a "hold" to a "strong-buy" rating, reflecting increased confidence in the company's stock performance.
• Construction Partners reported earnings per share of $0.81 for the last quarter, missing estimates by $0.06, although their revenue increased by 50.5% compared to the previous year.

Aigen Investment Management LP purchased a new stake in Construction Partners, Inc. (NASDAQ:ROAD - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 3,292 shares of the company's stock, valued at approximately $237,000.

Other large investors have also recently added to or reduced their stakes in the company. Polen Capital Management LLC boosted its stake in shares of Construction Partners by 8.7% during the 1st quarter. Polen Capital Management LLC now owns 34,795 shares of the company's stock worth $2,501,000 after purchasing an additional 2,786 shares during the last quarter. Covestor Ltd raised its stake in shares of Construction Partners by 124.4% during the first quarter. Covestor Ltd now owns 1,409 shares of the company's stock valued at $101,000 after purchasing an additional 781 shares during the period. Cynosure Group LLC bought a new stake in shares of Construction Partners in the first quarter worth $360,000. Swiss National Bank increased its stake in shares of Construction Partners by 5.7% in the first quarter. Swiss National Bank now owns 91,000 shares of the company's stock worth $6,540,000 after buying an additional 4,900 shares during the last quarter. Finally, CenterBook Partners LP bought a new stake in Construction Partners during the first quarter valued at $504,000. 94.83% of the stock is owned by institutional investors and hedge funds.

Construction Partners Stock Performance

Shares of ROAD traded up $2.67 during mid-day trading on Tuesday, hitting $111.20. The company's stock had a trading volume of 132,775 shares, compared to its average volume of 560,236. Construction Partners, Inc. has a one year low of $56.52 and a one year high of $119.99. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.20 and a current ratio of 1.47. The firm has a market capitalization of $6.24 billion, a PE ratio of 81.17, a price-to-earnings-growth ratio of 1.38 and a beta of 1.00. The stock's 50-day moving average is $105.33 and its two-hundred day moving average is $90.79.

Construction Partners (NASDAQ:ROAD - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). The business had revenue of $779.28 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the company posted $0.59 earnings per share. Construction Partners has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Construction Partners, Inc. will post 1.96 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ROAD. Baird R W raised shares of Construction Partners from a "hold" rating to a "strong-buy" rating in a report on Friday, August 8th. Raymond James Financial restated a "strong-buy" rating on shares of Construction Partners in a report 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 report on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $112.33.

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.