Vaughan Nelson Investment Management L.P. Takes $42.52 Million Position in Construction Partners, Inc. $ROAD

Vaughan Nelson Investment Management L.P. bought a new position in Construction Partners, Inc. (NASDAQ:ROAD) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 391,695 shares of the company’s stock, valued at approximately $42,518,000. Vaughan Nelson Investment Management L.P. owned about 0.69% of Construction Partners at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. First Trust Advisors LP grew its holdings in Construction Partners by 33.2% during the 3rd quarter. First Trust Advisors LP now owns 1,059,566 shares of the company’s stock valued at $134,565,000 after buying an additional 264,069 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Construction Partners by 41.9% during the 3rd quarter. Bank of America Corp DE now owns 757,172 shares of the company’s stock valued at $96,161,000 after acquiring an additional 223,549 shares during the last quarter. Jump Financial LLC grew its holdings in shares of Construction Partners by 509.3% in the second quarter. Jump Financial LLC now owns 144,697 shares of the company’s stock valued at $15,378,000 after purchasing an additional 120,949 shares in the last quarter. AGF Management Ltd. purchased a new position in shares of Construction Partners in the third quarter valued at $15,062,000. Finally, Schonfeld Strategic Advisors LLC increased its position in Construction Partners by 469.2% in the third quarter. Schonfeld Strategic Advisors LLC now owns 140,742 shares of the company’s stock worth $17,874,000 after purchasing an additional 116,017 shares during the last quarter. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Construction Partners Trading Down 2.8%

ROAD stock opened at $105.96 on Tuesday. Construction Partners, Inc. has a twelve month low of $64.79 and a twelve month high of $141.90. The stock has a market capitalization of $5.99 billion, a price-to-earnings ratio of 48.16, a price-to-earnings-growth ratio of 0.96 and a beta of 0.83. The company has a quick ratio of 1.26, a current ratio of 1.59 and a debt-to-equity ratio of 1.76. The firm’s fifty day simple moving average is $121.66 and its two-hundred day simple moving average is $117.31.

Construction Partners (NASDAQ:ROAD) last released 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 firm had revenue of $809.47 million during the quarter, compared to analysts’ expectations of $740.14 million. Construction Partners had a net margin of 3.99% and a return on equity of 15.26%. The firm’s revenue for the quarter was up 44.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 EPS. As a group, analysts anticipate that Construction Partners, Inc. will post 1.96 earnings per share for the current year.

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.