Telligent Fund LP Invests $1.02 Million in Construction Partners, Inc. $ROAD

Telligent Fund LP acquired a new stake in Construction Partners, Inc. (NASDAQ:ROAD) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 8,000 shares of the company’s stock, valued at approximately $1,016,000.

A number of other hedge funds also recently modified their holdings of the stock. TD Waterhouse Canada Inc. bought a new stake in Construction Partners during the third quarter worth about $25,000. AlphaQuest LLC raised its position in shares of Construction Partners by 292.5% in the 3rd quarter. AlphaQuest LLC now owns 208 shares of the company’s stock valued at $26,000 after buying an additional 155 shares in the last quarter. MAI Capital Management acquired a new stake in shares of Construction Partners during the 2nd quarter worth approximately $44,000. Mather Group LLC. bought a new position in Construction Partners in the third quarter valued at approximately $47,000. Finally, First Horizon Corp acquired a new position in Construction Partners during the third quarter valued at approximately $49,000. Institutional investors own 94.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ROAD shares. Bank of America decreased their price target on Construction Partners from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, November 21st. B. Riley Financial initiated coverage on shares of Construction Partners in a research note on Thursday, January 15th. They issued a “neutral” rating and a $117.00 price target 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 reiterated a “hold (c+)” rating on shares of Construction Partners in a research report on Monday, December 29th. Finally, Robert W. Baird set a $142.00 target price on shares of Construction Partners in a research report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.80.

Construction Partners Price Performance

Shares of ROAD opened at $135.63 on Friday. The business has a 50-day moving average of $118.87 and a 200-day moving average of $117.22. Construction Partners, Inc. has a 1 year low of $64.79 and a 1 year high of $141.90. The company has a market capitalization of $7.66 billion, a price-to-earnings ratio of 61.65, a price-to-earnings-growth ratio of 1.22 and a beta of 0.87. 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 (NASDAQ:ROAD) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. Construction Partners had a net margin of 3.99% and a return on equity of 15.26%. The firm had revenue of $809.47 million for the quarter, compared to the consensus estimate of $740.14 million. During the same quarter in the previous year, the company earned $0.25 EPS. The company’s revenue for the quarter was up 44.1% on a year-over-year basis. As a group, equities research analysts anticipate that Construction Partners, Inc. will post 1.96 earnings per share for the current 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.