12th Street Asset Management Company LLC Has $4.72 Million Stock Position in Construction Partners, Inc. $ROAD

12th Street Asset Management Company LLC trimmed its position in shares of Construction Partners, Inc. (NASDAQ:ROAD) by 38.8% in the third quarter, Holdings Channel reports. The fund owned 37,174 shares of the company’s stock after selling 23,606 shares during the quarter. Construction Partners comprises approximately 0.8% of 12th Street Asset Management Company LLC’s investment portfolio, making the stock its 29th biggest holding. 12th Street Asset Management Company LLC’s holdings in Construction Partners were worth $4,721,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. AQR Capital Management LLC lifted its stake 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Construction Partners by 11.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 96,191 shares of the company’s stock worth $6,913,000 after acquiring an additional 9,656 shares during the last quarter. Intech Investment Management LLC grew its holdings in shares of Construction Partners by 11.4% during the first quarter. Intech Investment Management LLC now owns 24,292 shares of the company’s stock worth $1,746,000 after purchasing an additional 2,482 shares during the last quarter. Strs Ohio bought a new stake in Construction Partners during the 1st quarter worth about $165,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Construction Partners during the second quarter valued at approximately $802,000. 94.83% of the stock is owned by institutional investors.

Construction Partners Price Performance

ROAD stock opened at $134.77 on Friday. The company’s 50-day moving average price is $113.67 and its two-hundred day moving average price is $114.91. The firm has a market cap of $7.62 billion, a P/E ratio of 61.26, a P/E/G ratio of 1.25 and a beta of 0.87. The company has a quick ratio of 1.34, a current ratio of 1.59 and a debt-to-equity ratio of 1.76. Construction Partners, Inc. has a 12 month low of $64.79 and a 12 month high of $141.90.

Construction Partners (NASDAQ:ROAD) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.16. The business had revenue of $809.47 million for the quarter, compared to analyst estimates of $740.14 million. Construction Partners had a net margin of 3.99% and a return on equity of 15.26%. The firm’s revenue for the quarter was up 44.1% on a year-over-year basis. During the same quarter last year, the business posted $0.25 EPS. On average, analysts anticipate that Construction Partners, Inc. will post 1.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ROAD has been the subject of a number of research reports. DA Davidson lifted their price objective on Construction Partners from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Zacks Research upgraded shares of Construction Partners from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, January 29th. Bank of America lowered their target price on Construction Partners from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, November 21st. B. Riley Financial started coverage on Construction Partners in a research note on Thursday, January 15th. They issued a “neutral” rating and a $117.00 price target on the stock. Finally, 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. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.80.

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.