Construction Partners, Inc. $ROAD Stock Position Raised by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lifted its position in Construction Partners, Inc. (NASDAQ:ROAD) by 27.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 265,373 shares of the company’s stock after acquiring an additional 57,327 shares during the quarter. TimesSquare Capital Management LLC owned approximately 0.47% of Construction Partners worth $28,806,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Tyro Capital Management LLC lifted its position in shares of Construction Partners by 6.8% in the 3rd quarter. Tyro Capital Management LLC now owns 164,488 shares of the company’s stock valued at $20,890,000 after acquiring an additional 10,465 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Construction Partners by 10.4% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 100,106 shares of the company’s stock worth $12,713,000 after buying an additional 9,435 shares in the last quarter. AGF Management Ltd. purchased a new stake in Construction Partners in the 3rd quarter worth approximately $15,062,000. Telligent Fund LP purchased a new stake in Construction Partners in the 3rd quarter worth approximately $1,016,000. Finally, American Century Companies Inc. lifted its position in Construction Partners by 5.6% in the 3rd quarter. American Century Companies Inc. now owns 1,039,928 shares of the company’s stock worth $132,071,000 after buying an additional 55,049 shares in the last quarter. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. B. Riley Financial upgraded shares of Construction Partners from a “neutral” rating to a “buy” rating and increased their target price for the stock from $117.00 to $135.00 in a research report on Thursday, April 2nd. Robert W. Baird increased their target price on shares of Construction Partners from $129.00 to $169.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. DA Davidson increased their target price on shares of Construction Partners from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Zacks Research downgraded shares of Construction Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Weiss Ratings upgraded shares of Construction Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $137.80.

Construction Partners Stock Down 2.6%

Construction Partners stock opened at $114.95 on Tuesday. The company has a market capitalization of $6.50 billion, a P/E ratio of 50.42, a P/E/G ratio of 0.98 and a beta of 0.92. The firm’s fifty day simple moving average is $118.11 and its 200-day simple moving average is $116.39. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity ratio of 1.75. Construction Partners, Inc. has a 1-year low of $93.22 and a 1-year high of $151.00.

Construction Partners (NASDAQ:ROAD) last released its quarterly earnings results on Friday, May 8th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.23. The business had revenue of $769.20 million for the quarter, compared to the consensus estimate of $678.46 million. Construction Partners had a net margin of 3.90% and a return on equity of 15.22%. Construction Partners’s revenue for the quarter was up 34.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.08 EPS. Sell-side analysts forecast that Construction Partners, Inc. will post 2.95 earnings per share for the current fiscal 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.