Csenge Advisory Group Makes New $680,000 Investment in Construction Partners, Inc. $ROAD

Csenge Advisory Group bought a new position in shares of Construction Partners, Inc. (NASDAQ:ROAD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,266 shares of the company’s stock, valued at approximately $680,000.

Several other institutional investors have also recently bought and sold shares of the business. State Street Corp raised its stake in Construction Partners by 4.7% during the second quarter. State Street Corp now owns 1,112,231 shares of the company’s stock worth $118,208,000 after acquiring an additional 49,898 shares in the last quarter. First Trust Advisors LP raised its stake in Construction Partners by 33.2% during the third quarter. First Trust Advisors LP now owns 1,059,566 shares of the company’s stock worth $134,565,000 after acquiring an additional 264,069 shares in the last quarter. American Century Companies Inc. raised its stake in Construction Partners by 5.6% during the third quarter. American Century Companies Inc. now owns 1,039,928 shares of the company’s stock worth $132,071,000 after acquiring an additional 55,049 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Construction Partners by 6.2% in the second quarter. Ameriprise Financial Inc. now owns 842,535 shares of the company’s stock valued at $89,545,000 after buying an additional 49,542 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Construction Partners by 38.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 810,881 shares of the company’s stock valued at $90,948,000 after buying an additional 224,575 shares during the period. Institutional investors and hedge funds own 94.83% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. B. Riley Financial raised Construction Partners from a “neutral” rating to a “buy” rating and upped their price objective for the company from $117.00 to $135.00 in a research note on Thursday, April 2nd. Weiss Ratings raised Construction Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, April 21st. Zacks Research downgraded Construction Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Robert W. Baird upped their price objective on Construction Partners from $129.00 to $169.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Finally, DA Davidson upped their price objective on Construction Partners from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. One 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $137.80.

Construction Partners Stock Performance

NASDAQ:ROAD opened at $112.52 on Thursday. The company has a market capitalization of $6.36 billion, a PE ratio of 49.35, a P/E/G ratio of 0.92 and a beta of 0.92. The company has a 50 day simple moving average of $117.74 and a two-hundred day simple moving average of $116.34. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.21 and a current ratio of 1.53. Construction Partners, Inc. has a fifty-two week low of $93.22 and a fifty-two week high of $151.00.

Construction Partners (NASDAQ:ROAD) last released its 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 during 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%. The company’s revenue for the quarter was up 34.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.08 EPS. Research analysts anticipate that Construction Partners, Inc. will post 2.95 earnings per share for the current 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.