4,401 Shares in Construction Partners, Inc. $ROAD Purchased by Alamea Verwaltungs GmbH

Key Points

• Alamea Verwaltungs GmbH purchased 4,401 shares of Construction Partners, Inc. valued at approximately $316,000, indicating strong institutional interest in the company.
• Vanguard Group Inc. has increased its stake in Construction Partners by 5.0%, now owning over 3.66 million shares, showing confidence among major investors.
• Despite a 1.3% decrease in share price, analysts maintain a positive outlook with ratings of "strong-buy" and an average target price of $112.33.

Alamea Verwaltungs GmbH acquired a new position in shares of Construction Partners, Inc. (NASDAQ:ROAD - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,401 shares of the company's stock, valued at approximately $316,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Montag A & Associates Inc. purchased a new position in Construction Partners during the 1st quarter worth $29,000. Versant Capital Management Inc purchased a new position in Construction Partners during the 1st quarter worth $30,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Construction Partners during the 1st quarter worth $60,000. SVB Wealth LLC purchased a new position in Construction Partners during the 1st quarter worth $80,000. Finally, Golden State Wealth Management LLC grew its position in 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 purchasing an additional 563 shares during the last quarter. 94.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ROAD. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Construction Partners in a report on Friday, August 8th. Baird R W raised shares of Construction Partners from a "hold" rating to a "strong-buy" rating in a report on Friday, August 8th. Finally, Robert W. Baird set a $122.00 target price on shares of Construction Partners and gave the company an "outperform" rating in a report on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Construction Partners presently has a consensus rating of "Buy" and an average price target of $112.33.

Construction Partners Price Performance

ROAD stock traded up $5.58 during trading on Thursday, reaching $121.44. 600,004 shares of the company were exchanged, compared to its average volume of 557,454. The company has a market cap of $6.81 billion, a P/E ratio of 88.64, a PEG ratio of 1.54 and a beta of 0.99. Construction Partners, Inc. has a 52-week low of $56.52 and a 52-week high of $124.12. The stock's 50 day moving average price is $108.63 and its 200 day moving average price is $93.74. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.20 and a current ratio of 1.47.

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 company had revenue of $779.28 million for the quarter, compared to analysts' expectations of $810.47 million. Construction Partners had a return on equity of 12.24% and a net margin of 3.04%.The firm's quarterly revenue was up 50.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.59 EPS. Construction Partners has set its FY 2025 guidance at EPS. As a group, analysts predict that Construction Partners, Inc. will post 1.96 earnings per share for the current fiscal year.

Construction Partners Company Profile

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.