12th Street Asset Management Company LLC Buys 14,208 Shares of Construction Partners, Inc. $ROAD

12th Street Asset Management Company LLC grew its stake in shares of Construction Partners, Inc. (NASDAQ:ROAD) by 38.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,382 shares of the company’s stock after purchasing an additional 14,208 shares during the quarter. Construction Partners makes up approximately 0.9% of 12th Street Asset Management Company LLC’s portfolio, making the stock its 26th biggest position. 12th Street Asset Management Company LLC’s holdings in Construction Partners were worth $5,578,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MAI Capital Management increased its position in shares of Construction Partners by 21.7% in the third quarter. MAI Capital Management now owns 505 shares of the company’s stock valued at $64,000 after acquiring an additional 90 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in shares of Construction Partners by 3.0% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 5,248 shares of the company’s stock worth $666,000 after buying an additional 152 shares during the last quarter. AlphaQuest LLC grew its position in shares of Construction Partners by 292.5% in the 3rd quarter. AlphaQuest LLC now owns 208 shares of the company’s stock worth $26,000 after buying an additional 155 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Construction Partners by 1.3% during the third quarter. Arizona State Retirement System now owns 13,938 shares of the company’s stock valued at $1,770,000 after buying an additional 176 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Construction Partners by 13.9% during the fourth quarter. GAMMA Investing LLC now owns 1,467 shares of the company’s stock valued at $159,000 after acquiring an additional 179 shares in the last quarter. 94.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ROAD has been the subject of a number of research analyst reports. Zacks Research lowered Construction Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. DA Davidson raised 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. B. Riley Financial upgraded shares of Construction Partners from a “neutral” rating to a “buy” rating and boosted their price target for the company from $117.00 to $135.00 in a research report on Thursday, April 2nd. Robert W. Baird increased their price target on shares of Construction Partners from $129.00 to $169.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Finally, Weiss Ratings upgraded shares of Construction Partners from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $137.80.

Construction Partners Price Performance

Shares of Construction Partners stock opened at $112.86 on Tuesday. Construction Partners, Inc. has a 1 year low of $93.22 and a 1 year high of $151.00. The firm has a market cap of $6.38 billion, a price-to-earnings ratio of 49.50, a PEG ratio of 0.94 and a beta of 0.92. The company has a 50-day moving average of $117.28 and a 200 day moving average of $116.32. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.53 and a quick ratio of 1.21.

Construction Partners (NASDAQ:ROAD) last posted its quarterly earnings data on Friday, May 8th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.23. Construction Partners had a net margin of 3.90% and a return on equity of 15.22%. The business had revenue of $769.20 million for the quarter, compared to analyst estimates of $678.46 million. During the same quarter in the previous year, the firm posted $0.08 earnings per share. Construction Partners’s quarterly revenue was up 34.6% on a year-over-year basis. As a group, sell-side analysts anticipate 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.