Tyro Capital Management LLC Acquires 10,465 Shares of Construction Partners, Inc. $ROAD

Key Points

• Tyro Capital Management increased its stake in Construction Partners (NASDAQ:ROAD) by 6.8%, acquiring 10,465 shares to hold 164,488 shares worth about $20.89 million (≈0.29% of the company).
• Institutional ownership is high at 94.83%; notable moves include First Trust Advisors adding 264,069 shares to reach 1,059,566 shares, while other funds also trimmed or boosted positions.
• Analysts have a consensus rating of Moderate Buy with a $127.80 target, and the company recently posted an EPS beat ($0.47 vs. $0.31) with revenue up 44.1% year‑over‑year.

Tyro Capital Management LLC boosted its holdings in Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 6.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 164,488 shares of the company's stock after acquiring an additional 10,465 shares during the period. Construction Partners accounts for 7.8% of Tyro Capital Management LLC's holdings, making the stock its 8th biggest position. Tyro Capital Management LLC owned about 0.29% of Construction Partners worth $20,890,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Swiss National Bank increased its holdings in shares of Construction Partners by 1.6% in the third quarter. Swiss National Bank now owns 91,500 shares of the company's stock valued at $11,620,000 after purchasing an additional 1,400 shares during the last quarter. Jefferies Financial Group Inc. lifted its stake in shares of Construction Partners by 47.0% during the 3rd quarter. Jefferies Financial Group Inc. now owns 3,892 shares of the company's stock worth $494,000 after buying an additional 1,244 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Construction Partners by 33.2% during the 3rd quarter. First Trust Advisors LP now owns 1,059,566 shares of the company's stock worth $134,565,000 after buying an additional 264,069 shares during the last quarter. HUB Investment Partners LLC bought a new stake in shares of Construction Partners during the 3rd quarter worth about $235,000. Finally, Legato Capital Management LLC boosted its holdings in shares of Construction Partners by 131.7% during the 3rd quarter. Legato Capital Management LLC now owns 27,343 shares of the company's stock worth $3,473,000 after buying an additional 15,543 shares during the period. Institutional investors and hedge funds own 94.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Zacks Research raised shares of Construction Partners from a "strong sell" rating to a "strong-buy" rating in a report on Thursday, January 29th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Construction Partners in a research report on Monday, December 29th. B. Riley Financial assumed coverage on Construction Partners in a research note on Thursday, January 15th. They set a "neutral" rating and a $117.00 target price on the stock. DA Davidson lifted their price target on Construction Partners from $120.00 to $130.00 and gave the stock a "neutral" rating in a report on Friday, February 6th. Finally, Robert W. Baird set a $142.00 price target on Construction Partners in a research note on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $127.80.

Construction Partners Price Performance

Shares of NASDAQ ROAD opened at $123.47 on Tuesday. The business has a fifty day moving average price of $121.42 and a two-hundred day moving average price of $118.10. The stock has a market capitalization of $6.98 billion, a PE ratio of 56.12, a P/E/G ratio of 1.05 and a beta of 0.83. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.59 and a quick ratio of 1.26. Construction Partners, Inc. has a fifty-two week low of $64.79 and a fifty-two week high of $141.90.

Construction Partners (NASDAQ:ROAD - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.16. The company had revenue of $809.47 million for the quarter, compared to analysts' expectations of $740.14 million. Construction Partners had a return on equity of 15.26% and a net margin of 3.99%.Construction Partners's revenue was up 44.1% on a year-over-year basis. During the same quarter last year, the business earned $0.25 earnings per share. As a group, equities analysts predict that Construction Partners, Inc. will post 1.96 earnings per share for the current fiscal year.

Construction Partners Profile

Construction Partners, Inc NASDAQ: ROAD is a specialty contractor and infrastructure solutions provider focused on road building, paving, site development and aggregate production. The company delivers a comprehensive suite of civil construction services, including roadway paving and milling, site grading and preparation, stormwater and utility installation, and full-scale asphalt plant operations. By integrating materials production with contracting capabilities, the firm aims to streamline project delivery and maintain quality control across its contracting and materials businesses.

At the heart of Construction Partners' operations are its network of asphalt plants, quarries and aggregate production facilities.

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