Swiss National Bank Has $6.54 Million Stock Holdings in Construction Partners, Inc. $ROAD

Swiss National Bank boosted its holdings in Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 5.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,000 shares of the company's stock after purchasing an additional 4,900 shares during the quarter. Swiss National Bank owned approximately 0.16% of Construction Partners worth $6,540,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in ROAD. Teacher Retirement System of Texas acquired a new stake in Construction Partners in the 1st quarter valued at $491,000. Asset Management One Co. Ltd. lifted its holdings in Construction Partners by 15.5% in the first quarter. Asset Management One Co. Ltd. now owns 76,119 shares of the company's stock worth $5,471,000 after acquiring an additional 10,226 shares during the last quarter. Tyro Capital Management LLC raised its holdings in shares of Construction Partners by 20.1% during the fourth quarter. Tyro Capital Management LLC now owns 242,309 shares of the company's stock valued at $21,435,000 after buying an additional 40,608 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Construction Partners by 16.3% during the first quarter. LPL Financial LLC now owns 45,371 shares of the company's stock valued at $3,261,000 after buying an additional 6,365 shares during the last quarter. Finally, Engle Capital Management L.P. raised its holdings in Construction Partners by 10.4% during the fourth quarter. Engle Capital Management L.P. now owns 152,000 shares of the company's stock worth $13,446,000 after purchasing an additional 14,309 shares in the last quarter. 94.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ROAD has been the topic of several recent research reports. Baird R W upgraded shares of Construction Partners from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 8th. Robert W. Baird set a $122.00 target price on shares of Construction Partners and gave the company an "outperform" 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 note on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $112.33.

Construction Partners Price Performance

Construction Partners stock traded up $1.5050 during trading hours on Thursday, hitting $116.2850. 235,954 shares of the stock were exchanged, compared to its average volume of 562,465. 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 $6.52 billion, a P/E ratio of 85.19, a P/E/G ratio of 1.43 and a beta of 1.00. Construction Partners, Inc. has a 12 month low of $56.52 and a 12 month high of $119.99. The business's 50-day moving average is $105.71 and its two-hundred day moving average is $91.10.

Construction Partners (NASDAQ:ROAD - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.81 earnings per share (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 for the quarter, compared to analyst estimates of $810.47 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. 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. Equities research analysts expect that Construction Partners, Inc. will post 1.96 EPS for the current fiscal year.

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.