Construction Partners, Inc. $ROAD Shares Acquired by Petrus Trust Company LTA

Petrus Trust Company LTA lifted its holdings in Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 59.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 6,137 shares of the company's stock after purchasing an additional 2,288 shares during the period. Petrus Trust Company LTA's holdings in Construction Partners were worth $441,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Montag A & Associates Inc. purchased a new stake in shares of Construction Partners in the 1st quarter worth approximately $29,000. Versant Capital Management Inc purchased a new stake in shares of Construction Partners in the 1st quarter worth approximately $30,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Construction Partners in the 1st quarter worth approximately $60,000. SVB Wealth LLC purchased a new stake in shares of Construction Partners in the 1st quarter worth approximately $80,000. Finally, Golden State Wealth Management LLC lifted its position in shares of Construction Partners by 100.0% in 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 period. Hedge funds and other institutional investors own 94.83% of the company's stock.

Construction Partners Stock Up 0.2%

NASDAQ:ROAD traded up $0.29 during midday trading on Friday, reaching $125.20. 335,453 shares of the stock traded hands, compared to its average volume of 469,316. Construction Partners, Inc. has a 12-month low of $63.71 and a 12-month high of $125.70. The business has a 50-day moving average of $111.13 and a two-hundred day moving average of $96.23. 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 $7.02 billion, a PE ratio of 91.39, a price-to-earnings-growth ratio of 1.64 and a beta of 0.99.

Construction Partners (NASDAQ:ROAD - Get Free Report) last posted 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 net margin of 3.04% and a return on equity of 12.24%. The firm had revenue of $779.28 million for the quarter, compared to analysts' expectations of $810.47 million. During the same period in the previous year, the company earned $0.59 EPS. The company's revenue was up 50.5% on a year-over-year basis. Construction Partners has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Construction Partners, Inc. will post 1.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ROAD has been the subject of several research reports. Robert W. Baird set a $122.00 price target on shares of Construction Partners and gave the stock an "outperform" rating in a research report on Friday, August 8th. Baird R W raised shares of Construction Partners from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 8th. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of Construction Partners 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 given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $112.33.

Construction Partners 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.