Callan Family Office LLC Invests $868,000 in Construction Partners, Inc. $ROAD

Key Points

• Callan Family Office LLC invested $868,000 in Construction Partners, acquiring 8,168 shares in the second quarter.
• Construction Partners reported a quarterly earnings miss with $0.81 EPS, compared to an estimate of $0.87, while revenue increased 50.5% year-over-year.
• Research analysts have recently upgraded Construction Partners' rating to strong-buy, indicating a positive outlook for the stock.

Callan Family Office LLC acquired a new stake in shares of Construction Partners, Inc. (NASDAQ:ROAD - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,168 shares of the company's stock, valued at approximately $868,000.

Several other hedge funds also recently bought and sold shares of the company. KLP Kapitalforvaltning AS raised its stake in shares of Construction Partners by 7.7% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 9,800 shares of the company's stock worth $1,042,000 after purchasing an additional 700 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in shares of Construction Partners during the 2nd quarter worth about $266,000. Hilltop National Bank purchased a new stake in shares of Construction Partners during the 2nd quarter worth about $311,000. Janney Montgomery Scott LLC purchased a new stake in shares of Construction Partners during the 2nd quarter worth about $802,000. Finally, Sheets Smith Wealth Management purchased a new stake in shares of Construction Partners during the 2nd quarter worth about $670,000. 94.83% of the stock is owned by institutional investors and hedge funds.

Construction Partners Price Performance

NASDAQ ROAD opened at $122.98 on Monday. Construction Partners, Inc. has a twelve month low of $64.79 and a twelve month high of $138.90. 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 stock has a market capitalization of $6.90 billion, a PE ratio of 89.77, a P/E/G ratio of 1.06 and a beta of 0.98. The stock has a 50-day simple moving average of $120.12 and a 200 day simple moving average of $104.09.

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). Construction Partners had a return on equity of 12.24% and a net margin of 3.04%.The business had revenue of $779.28 million for the quarter, compared to analyst estimates of $810.47 million. During the same period in the prior year, the firm posted $0.59 EPS. Construction Partners's revenue for the quarter was up 50.5% on a year-over-year basis. Construction Partners has set its FY 2025 guidance at EPS. Research analysts anticipate that Construction Partners, Inc. will post 1.96 EPS for the current year.

Analysts Set New Price Targets

ROAD has been the subject of a number of recent research reports. Baird R W raised Construction Partners from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 8th. Zacks Research raised Construction Partners from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 6th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Construction Partners in a research report on Friday, August 8th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Construction Partners in a research report on Wednesday, October 8th. Finally, Robert W. Baird set a $122.00 price target on Construction Partners and gave the stock an "outperform" rating in a research report on Friday, August 8th. Three analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price 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.

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