391,695 Shares in Construction Partners, Inc. $ROAD Acquired by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Construction Partners, Inc. (NASDAQ:ROAD) in the fourth quarter, HoldingsChannel reports. The firm acquired 391,695 shares of the company’s stock, valued at approximately $42,518,000.

Other hedge funds also recently bought and sold shares of the company. MAI Capital Management lifted its position in shares of Construction Partners by 21.7% during the third quarter. MAI Capital Management now owns 505 shares of the company’s stock worth $64,000 after purchasing an additional 90 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Construction Partners by 10.7% in the third quarter. GAMMA Investing LLC now owns 1,288 shares of the company’s stock worth $164,000 after purchasing an additional 124 shares during the last quarter. Byrne Asset Management LLC increased its stake in Construction Partners by 41.7% in the 3rd quarter. Byrne Asset Management LLC now owns 425 shares of the company’s stock worth $54,000 after buying an additional 125 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in Construction Partners by 3.0% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 5,248 shares of the company’s stock valued at $666,000 after buying an additional 152 shares in the last quarter. Finally, AlphaQuest LLC lifted its holdings in Construction Partners by 292.5% during 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. Institutional investors own 94.83% of the company’s stock.

Analysts Set New Price Targets

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

Construction Partners Trading Down 2.8%

NASDAQ ROAD opened at $105.96 on Tuesday. Construction Partners, Inc. has a one year low of $64.79 and a one year high of $141.90. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.26 and a current ratio of 1.59. The company 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’s 50-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 data on Thursday, February 5th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. The firm had revenue of $809.47 million for the quarter, compared to the consensus estimate of $740.14 million. Construction Partners had a net margin of 3.99% and a return on equity of 15.26%. The company’s quarterly revenue was up 44.1% on a year-over-year basis. During the same period last year, the firm earned $0.25 earnings per share. Equities analysts forecast that Construction Partners, Inc. will post 1.96 EPS for the current fiscal year.

About Construction Partners

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.