Construction Partners, Inc. $ROAD Shares Bought by Thurston Springer Miller Herd & Titak Inc.

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its holdings in Construction Partners, Inc. by 797% during Q2, acquiring 2,096 additional shares for a total of 2,359 shares valued at $251,000.
• Construction Partners reported a net margin of 3.04% with earnings per share of $0.81, missing estimates, while revenue rose 50.5% compared to the previous year.
• Analysts have a consensus rating of "Buy" for the stock, with a target price averaging $112.33 following positive ratings from multiple firms.

Thurston Springer Miller Herd & Titak Inc. raised its position in Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 797.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,359 shares of the company's stock after acquiring an additional 2,096 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Construction Partners were worth $251,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ROAD. Montag A & Associates Inc. bought a new position in Construction Partners in the first quarter valued at about $29,000. Versant Capital Management Inc purchased a new stake in Construction Partners in the first quarter worth about $30,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Construction Partners in the first quarter worth about $60,000. SVB Wealth LLC purchased a new stake in Construction Partners in the first quarter worth about $80,000. Finally, Golden State Wealth Management LLC increased its position in Construction Partners by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 1,126 shares of the company's stock worth $81,000 after buying an additional 563 shares in the last quarter. Institutional investors own 94.83% of the company's stock.

Analyst Ratings Changes

ROAD has been the subject of a number of analyst reports. Baird R W upgraded Construction Partners from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 8th. Raymond James Financial reiterated a "strong-buy" rating on shares of Construction Partners in a research report on Friday, August 8th. Finally, Robert W. Baird set a $122.00 target price on Construction Partners and gave the stock an "outperform" rating in a research report on Friday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $112.33.

Construction Partners Stock Performance

Shares of ROAD stock traded up $2.85 during mid-day trading on Friday, reaching $133.67. The stock had a trading volume of 796,737 shares, compared to its average volume of 386,185. The business's fifty day moving average is $113.47 and its 200-day moving average is $98.05. The company has a current ratio of 1.47, a quick ratio of 1.20 and a debt-to-equity ratio of 1.63. The firm has a market cap of $7.50 billion, a price-to-earnings ratio of 97.57, a PEG ratio of 1.68 and a beta of 0.99. Construction Partners, Inc. has a 1-year low of $64.79 and a 1-year high of $135.32.

Construction Partners (NASDAQ:ROAD - Get Free Report) last issued 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 analysts' expectations of $810.47 million. During the same quarter in the previous year, the company earned $0.59 EPS. The firm's quarterly revenue was up 50.5% compared to the same quarter last year. Construction Partners has set its FY 2025 guidance at EPS. On average, research analysts forecast that Construction Partners, Inc. will post 1.96 earnings per share for the current 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.