8,000 Shares in Construction Partners, Inc. $ROAD Bought by Telligent Fund LP

Telligent Fund LP purchased a new position in Construction Partners, Inc. (NASDAQ:ROAD) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,000 shares of the company’s stock, valued at approximately $1,016,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ROAD. MAI Capital Management grew its stake in shares of Construction Partners by 21.7% in the 3rd quarter. MAI Capital Management now owns 505 shares of the company’s stock valued at $64,000 after buying an additional 90 shares during the period. Verus Capital Partners LLC bought a new stake in shares of Construction Partners during the third quarter valued at approximately $289,000. Ground Swell Capital LLC acquired a new position in shares of Construction Partners during the third quarter worth approximately $452,000. Advisors Asset Management Inc. lifted its holdings in shares of Construction Partners by 20.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 82,709 shares of the company’s stock worth $10,504,000 after purchasing an additional 14,084 shares in the last quarter. Finally, AGF Management Ltd. acquired a new stake in Construction Partners in the 3rd quarter valued at $15,062,000. 94.83% of the stock is owned by institutional investors.

Construction Partners Stock Performance

Shares of ROAD opened at $135.63 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.26 and a debt-to-equity ratio of 1.76. The company has a market capitalization of $7.66 billion, a price-to-earnings ratio of 61.65, a PEG ratio of 1.22 and a beta of 0.87. The stock has a 50 day moving average of $118.87 and a 200 day moving average of $117.22. Construction Partners, Inc. has a 12 month low of $64.79 and a 12 month high of $141.90.

Construction Partners (NASDAQ:ROAD) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.16. The business 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%.The business’s revenue was up 44.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.25 earnings per share. As a group, sell-side analysts forecast that Construction Partners, Inc. will post 1.96 earnings per share for the current year.

Wall Street Analyst Weigh In

ROAD has been the topic of several research reports. B. Riley Financial started coverage on shares of Construction Partners in a report on Thursday, January 15th. They set a “neutral” rating and a $117.00 price objective on the stock. Bank of America dropped their price target on shares of Construction Partners from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, November 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Construction Partners in a research note on Monday, December 29th. Robert W. Baird set a $142.00 price objective on Construction Partners in a research note on Friday, February 6th. Finally, DA Davidson raised their target price on Construction Partners from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $127.80.

Construction Partners Company 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.