Inspire Investing LLC Takes $861,000 Position in Construction Partners, Inc. $ROAD

Key Points

• Inspire Investing LLC acquired a new stake in Construction Partners, Inc. (NASDAQ:ROAD), purchasing 8,103 shares valued at approximately $861,000.
• Construction Partners reported earnings of $0.81 per share for the last quarter, missing the consensus estimate of $0.87, while revenue was approximately $779.28 million, below estimates.
• Analysts have mixed ratings on Construction Partners, with a consensus rating of Buy and an average price target of $112.33.

Inspire Investing LLC bought a new stake in shares of Construction Partners, Inc. (NASDAQ:ROAD - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 8,103 shares of the company's stock, valued at approximately $861,000.

Other hedge funds have also recently modified their holdings of the company. Montag A & Associates Inc. purchased a new position in shares of Construction Partners during the first quarter valued at approximately $29,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Construction Partners in the 1st quarter worth about $60,000. SVB Wealth LLC purchased a new position in shares of Construction Partners in the 1st quarter worth about $80,000. Golden State Wealth Management LLC raised 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 last quarter. Finally, Covestor Ltd raised its position in shares of Construction Partners by 124.4% in the 1st quarter. Covestor Ltd now owns 1,409 shares of the company's stock worth $101,000 after purchasing an additional 781 shares during the last quarter. Institutional investors own 94.83% of the company's stock.

Construction Partners Trading Up 1.4%

ROAD stock opened at $122.98 on Monday. Construction Partners, Inc. has a 1-year low of $64.79 and a 1-year high of $138.90. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.47 and a quick ratio of 1.20. The company has a market capitalization of $6.90 billion, a price-to-earnings ratio of 89.77, a PEG ratio of 1.06 and a beta of 0.98. The business has a 50 day simple moving average of $120.12 and a two-hundred day simple moving average of $104.09.

Construction Partners (NASDAQ:ROAD - Get Free Report) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $810.47 million. During the same quarter in the previous year, the company earned $0.59 earnings per share. The company's revenue for the quarter was up 50.5% compared to the same quarter last year. 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 fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on ROAD. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Construction Partners in a research report on Wednesday, October 8th. Zacks Research raised Construction Partners from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 6th. 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. Raymond James Financial reissued a "strong-buy" rating on shares of Construction Partners in a research report on Friday, August 8th. Finally, 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. Three equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $112.33.

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.

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