Callan Family Office LLC Purchases New Holdings in Construction Partners, Inc. $ROAD

Callan Family Office LLC purchased a new stake in shares of Construction Partners, Inc. (NASDAQ:ROAD) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 8,168 shares of the company’s stock, valued at approximately $868,000.

Several other large investors also recently modified their holdings of the stock. KLP Kapitalforvaltning AS grew its stake in shares of Construction Partners by 7.7% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 9,800 shares of the company’s stock valued at $1,042,000 after purchasing an additional 700 shares during the period. QRG Capital Management Inc. bought a new stake in shares of Construction Partners in the 2nd quarter valued at approximately $266,000. Hilltop National Bank bought a new stake in shares of Construction Partners in the 2nd quarter valued at approximately $311,000. Janney Montgomery Scott LLC bought a new stake in shares of Construction Partners in the 2nd quarter valued at approximately $802,000. Finally, Sheets Smith Wealth Management bought a new stake in shares of Construction Partners in the 2nd quarter valued at approximately $670,000. 94.83% of the stock is currently owned by institutional investors.

Construction Partners Stock Up 1.4%

Shares of ROAD opened at $122.98 on Monday. The business’s 50 day simple moving average is $120.12 and its 200-day simple moving average is $104.09. Construction Partners, Inc. has a one year low of $64.79 and a one year high of $138.90. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.47 and a quick ratio of 1.20. The company has a market capitalization of $6.90 billion, a P/E ratio of 89.77, a PEG ratio of 1.06 and a beta of 0.98.

Construction Partners (NASDAQ:ROAD) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). Construction Partners had a return on equity of 12.24% and a net margin of 3.04%.The firm had revenue of $779.28 million for the quarter, compared to analyst estimates of $810.47 million. During the same period in the prior year, the company posted $0.59 EPS. The firm’s quarterly revenue was up 50.5% compared to the same quarter last year. Construction Partners has set its FY 2025 guidance at EPS. As a group, sell-side 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 analyst reports. Zacks Research upgraded Construction Partners from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Construction Partners in a report on Wednesday, October 8th. Robert W. Baird set a $122.00 target price on Construction Partners and gave the stock an “outperform” rating in a report on Friday, August 8th. Baird R W raised Construction Partners from a “hold” rating to a “strong-buy” rating in a report on Friday, August 8th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of Construction Partners in a report on Friday, August 8th. Three research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $112.33.

About Construction Partners

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.