Polen Capital Management LLC Has $2.50 Million Holdings in Construction Partners, Inc. (NASDAQ:ROAD)

Key Points

• Polen Capital Management LLC increased its stake in Construction Partners, Inc. by 8.7% in Q1, owning approximately 0.06% of the company valued at $2.5 million after acquiring additional shares.
• Wall Street analysts have a generally positive outlook on Construction Partners, with a consensus rating of "Buy" and a price target of $101.00.
• Despite reporting Q2 EPS of $0.81, which missed expectations, Construction Partners experienced a 50.5% year-over-year revenue growth.

Polen Capital Management LLC grew its stake in shares of Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 8.7% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 34,795 shares of the company's stock after buying an additional 2,786 shares during the period. Polen Capital Management LLC owned approximately 0.06% of Construction Partners worth $2,501,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the company. Manchester Capital Management LLC grew its holdings in shares of Construction Partners by 9.2% in the 1st quarter. Manchester Capital Management LLC now owns 1,461 shares of the company's stock worth $105,000 after purchasing an additional 123 shares during the last quarter. Amalgamated Bank lifted its position in Construction Partners by 8.8% during the 1st quarter. Amalgamated Bank now owns 1,593 shares of the company's stock valued at $114,000 after purchasing an additional 129 shares during the period. ANB Bank grew its stake in shares of Construction Partners by 4.2% during the first quarter. ANB Bank now owns 4,105 shares of the company's stock worth $295,000 after purchasing an additional 164 shares during the period. Stephens Inc. AR increased its stake in Construction Partners by 2.3% in the first quarter. Stephens Inc. AR now owns 8,498 shares of the company's stock valued at $611,000 after purchasing an additional 187 shares in the last quarter. Finally, Summit Investment Advisors Inc. raised its stake in Construction Partners by 5.0% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,492 shares of the company's stock worth $397,000 after buying an additional 213 shares during the period. Institutional investors own 94.83% of the company's stock.

Construction Partners Price Performance

Construction Partners stock traded down $1.51 during trading hours on Wednesday, reaching $116.15. 881,186 shares of the stock were exchanged, compared to its average volume of 560,720. The company has a market cap of $6.51 billion, a P/E ratio of 84.78, a price-to-earnings-growth ratio of 1.45 and a beta of 1.00. The company has a current ratio of 1.47, a quick ratio of 1.13 and a debt-to-equity ratio of 1.63. Construction Partners, Inc. has a twelve month low of $56.52 and a twelve month high of $119.99. The stock has a 50 day moving average of $104.98 and a two-hundred day moving average of $89.84.

Construction Partners (NASDAQ:ROAD - Get Free Report) last released 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). The business had revenue of $779.28 million during the quarter, compared to analyst estimates of $810.47 million. Construction Partners had a net margin of 3.04% and a return on equity of 12.24%. The business's quarterly revenue was up 50.5% compared to the same quarter last year. During the same period last year, the business earned $0.59 earnings per share. Equities analysts expect that Construction Partners, Inc. will post 1.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ROAD shares. Robert W. Baird set a $122.00 price objective on shares of Construction Partners and gave the stock an "outperform" rating in a research report on Friday, August 8th. Baird R W upgraded shares of Construction Partners from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 8th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of Construction Partners in a research report on Friday, August 8th.

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.