Construction Partners, Inc. $ROAD is Summit Creek Advisors LLC’s 7th Largest Position

Summit Creek Advisors LLC trimmed its holdings in Construction Partners, Inc. (NASDAQ:ROAD) by 3.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 154,426 shares of the company’s stock after selling 6,332 shares during the period. Construction Partners accounts for approximately 2.6% of Summit Creek Advisors LLC’s portfolio, making the stock its 7th largest position. Summit Creek Advisors LLC owned about 0.27% of Construction Partners worth $16,763,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ROAD. AQR Capital Management LLC raised its holdings in shares of Construction Partners by 14.4% in the first quarter. AQR Capital Management LLC now owns 10,333 shares of the company’s stock valued at $743,000 after buying an additional 1,302 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Construction Partners by 11.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 96,191 shares of the company’s stock valued at $6,913,000 after buying an additional 9,656 shares during the last quarter. Intech Investment Management LLC raised its holdings in shares of Construction Partners by 11.4% in the first quarter. Intech Investment Management LLC now owns 24,292 shares of the company’s stock valued at $1,746,000 after buying an additional 2,482 shares during the last quarter. Strs Ohio purchased a new stake in shares of Construction Partners in the first quarter valued at about $165,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Construction Partners in the second quarter valued at about $552,000. 94.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. DA Davidson upped their target price on shares of 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 upped their target price on shares of Construction Partners from $129.00 to $169.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $140.00 target price on shares of Construction Partners in a report on Monday, April 27th. Zacks Research cut shares of Construction Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Weiss Ratings raised shares of Construction Partners from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.80.

Construction Partners Trading Up 2.0%

NASDAQ ROAD opened at $112.52 on Thursday. The stock has a market capitalization of $6.36 billion, a P/E ratio of 49.35, a P/E/G ratio of 0.92 and a beta of 0.92. Construction Partners, Inc. has a 52-week low of $93.22 and a 52-week high of $151.00. The firm has a 50-day moving average price of $117.74 and a 200 day moving average price of $116.34. The company has a quick ratio of 1.21, a current ratio of 1.53 and a debt-to-equity ratio of 1.75.

Construction Partners (NASDAQ:ROAD) last posted its quarterly earnings results on Friday, May 8th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.23. The firm had revenue of $769.20 million during the quarter, compared to analysts’ expectations of $678.46 million. Construction Partners had a net margin of 3.90% and a return on equity of 15.22%. The firm’s revenue for the quarter was up 34.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.08 earnings per share. Equities research analysts expect that Construction Partners, Inc. will post 2.95 EPS for the current year.

Construction Partners Company 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.