2,930 Shares in Construction Partners, Inc. $ROAD Purchased by Hilltop National Bank

Hilltop National Bank purchased a new stake in Construction Partners, Inc. (NASDAQ:ROAD) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,930 shares of the company’s stock, valued at approximately $311,000.

Several other hedge funds have also recently bought and sold shares of ROAD. Artemis Investment Management LLP boosted its holdings in shares of Construction Partners by 225.9% during the first quarter. Artemis Investment Management LLP now owns 695,949 shares of the company’s stock worth $50,018,000 after acquiring an additional 482,374 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Construction Partners by 39.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 856,528 shares of the company’s stock valued at $62,724,000 after buying an additional 240,496 shares in the last quarter. Vanguard Group Inc. grew its holdings in Construction Partners by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 3,666,331 shares of the company’s stock valued at $263,499,000 after buying an additional 173,963 shares in the last quarter. Zimmer Partners LP bought a new position in Construction Partners during the 1st quarter worth $10,062,000. Finally, Nuveen LLC acquired a new stake in shares of Construction Partners during the first quarter worth $8,588,000. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Construction Partners Price Performance

Shares of NASDAQ:ROAD opened at $125.64 on Friday. The firm has a 50 day moving average of $117.89 and a 200-day moving average of $102.10. Construction Partners, Inc. has a 12 month low of $64.79 and a 12 month high of $138.90. The company has a current ratio of 1.47, a quick ratio of 1.20 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of $7.05 billion, a PE ratio of 91.71, a PEG ratio of 1.09 and a beta of 0.98.

Construction Partners (NASDAQ:ROAD) last announced its quarterly earnings data 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 net margin of 3.04% and a return on equity of 12.24%. The firm had revenue of $779.28 million during the quarter, compared to the consensus estimate of $810.47 million. During the same period last year, the business earned $0.59 earnings per share. The business’s revenue was up 50.5% compared to the same quarter last year. Construction Partners has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Construction Partners, Inc. will post 1.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ROAD has been the topic of several research reports. Robert W. Baird set a $122.00 price target on shares of Construction Partners and gave the company an “outperform” rating in a research note on Friday, August 8th. 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Construction Partners in a research report on Saturday, September 27th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of Construction Partners in a research report on Friday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Construction Partners currently has an average rating of “Buy” and an average target price of $112.33.

Construction Partners 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.