Universal Beteiligungs und Servicegesellschaft mbH Buys 9,435 Shares of Construction Partners, Inc. $ROAD

Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Construction Partners, Inc. (NASDAQ:ROAD) by 10.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,106 shares of the company’s stock after acquiring an additional 9,435 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.18% of Construction Partners worth $12,713,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its holdings in Construction Partners by 2,750.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 285 shares of the company’s stock worth $30,000 after purchasing an additional 275 shares during the last quarter. Mather Group LLC. bought a new position in shares of Construction Partners during the 3rd quarter worth approximately $47,000. First Horizon Corp bought a new position in shares of Construction Partners during the 3rd quarter worth approximately $49,000. MAI Capital Management purchased a new position in shares of Construction Partners in the 2nd quarter worth approximately $44,000. Finally, Hazlett Burt & Watson Inc. grew its holdings in shares of Construction Partners by 88.9% in the second quarter. Hazlett Burt & Watson Inc. now owns 425 shares of the company’s stock valued at $45,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Construction Partners Trading Down 2.8%

Shares of ROAD opened at $110.97 on Friday. Construction Partners, Inc. has a fifty-two week low of $64.79 and a fifty-two week high of $138.90. The business has a 50-day moving average of $109.47 and a 200 day moving average of $113.58. The firm has a market cap of $6.27 billion, a P/E ratio of 60.64, a price-to-earnings-growth ratio of 1.05 and a beta of 0.87. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.34 and a current ratio of 1.61.

Construction Partners (NASDAQ:ROAD) last released its quarterly earnings data on Thursday, November 20th. The company reported $1.07 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.04). The business had revenue of $899.85 million for the quarter, compared to analysts’ expectations of $896.17 million. Construction Partners had a net margin of 3.62% and a return on equity of 14.42%. Construction Partners’s revenue for the quarter was up 67.2% compared to the same quarter last year. During the same period last year, the company earned $0.56 earnings per share. As a group, research analysts forecast that Construction Partners, Inc. will post 1.96 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ROAD shares. Raymond James Financial reissued a “strong-buy” rating and issued a $135.00 price objective (up previously from $120.00) on shares of Construction Partners in a research report on Tuesday, October 21st. Robert W. Baird cut their price target on shares of Construction Partners from $131.00 to $124.00 and set an “outperform” rating on the stock in a report on Friday, November 21st. Weiss Ratings restated a “hold (c+)” rating on shares of Construction Partners in a research report on Monday, December 29th. Bank of America lowered their price objective on shares of Construction Partners from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, November 21st. Finally, B. Riley initiated coverage on shares of Construction Partners in a research note on Thursday, January 15th. They issued a “neutral” rating and a $117.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Construction Partners has an average rating of “Hold” and a consensus price target of $122.20.

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.