Artemis Investment Management LLP Raises Stock Position in Construction Partners, Inc. $ROAD

Artemis Investment Management LLP lifted its stake in shares of Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 7.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 708,617 shares of the company's stock after buying an additional 51,052 shares during the quarter. Artemis Investment Management LLP owned about 1.25% of Construction Partners worth $76,920,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ROAD. State of New Jersey Common Pension Fund D lifted its holdings in shares of Construction Partners by 11.7% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 20,481 shares of the company's stock valued at $2,223,000 after purchasing an additional 2,141 shares during the last quarter. PVG Asset Management Corp purchased a new stake in shares of Construction Partners in the 4th quarter valued at about $260,000. Simplicity Wealth LLC lifted its holdings in shares of Construction Partners by 31.6% in the 4th quarter. Simplicity Wealth LLC now owns 3,361 shares of the company's stock valued at $365,000 after purchasing an additional 807 shares during the last quarter. Caldwell Trust Co lifted its holdings in shares of Construction Partners by 17.6% in the 4th quarter. Caldwell Trust Co now owns 1,587 shares of the company's stock valued at $172,000 after purchasing an additional 237 shares during the last quarter. Finally, Comerica Bank lifted its holdings in shares of Construction Partners by 30.1% in the 4th quarter. Comerica Bank now owns 255,975 shares of the company's stock valued at $27,786,000 after purchasing an additional 59,244 shares during the last quarter. Hedge funds and other institutional investors own 94.83% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Robert W. Baird set a $142.00 target price on Construction Partners in a report on Friday, February 6th. Zacks Research downgraded shares of Construction Partners from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 27th. Raymond James Financial reiterated a "strong-buy" rating and issued a $140.00 price target on shares of Construction Partners in a research report on Monday. B. Riley Financial upgraded shares of Construction Partners from a "neutral" rating to a "buy" rating and upped their price target for the company from $117.00 to $135.00 in a research report on Thursday, April 2nd. Finally, DA Davidson upped their price target on shares of Construction Partners from $120.00 to $130.00 and gave the company a "neutral" rating in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Construction Partners has an average rating of "Moderate Buy" and a consensus price target of $132.40.

Construction Partners Stock Performance

Shares of NASDAQ ROAD opened at $126.53 on Friday. The company has a market cap of $7.15 billion, a PE ratio of 57.51, a price-to-earnings-growth ratio of 1.10 and a beta of 0.92. Construction Partners, Inc. has a 12 month low of $86.70 and a 12 month high of $141.90. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.59 and a quick ratio of 1.26. The company has a 50-day simple moving average of $119.23 and a 200-day simple moving average of $115.72.

Construction Partners (NASDAQ:ROAD - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.16. The business had revenue of $809.47 million during the quarter, compared to the consensus estimate of $740.14 million. Construction Partners had a return on equity of 15.26% and a net margin of 3.99%.The business's revenue for the quarter was up 44.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 earnings per share. On average, equities analysts anticipate that Construction Partners, Inc. will post 2.87 earnings per share for the current year.

Construction Partners Company 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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