Versor Investments LP Purchases Shares of 5,905 Construction Partners, Inc. $ROAD

Versor Investments LP purchased a new stake in Construction Partners, Inc. (NASDAQ:ROAD) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,905 shares of the company’s stock, valued at approximately $641,000.

Several other institutional investors also recently modified their holdings of ROAD. AQR Capital Management LLC increased 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased 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 in the last quarter. Intech Investment Management LLC increased 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 in the last quarter. Strs Ohio bought a new position in shares of Construction Partners in the first quarter valued at $165,000. Finally, Hsbc Holdings PLC bought a new position in shares of Construction Partners in the second quarter valued at $552,000. Institutional investors own 94.83% of the company’s stock.

Construction Partners Stock Performance

Shares of Construction Partners stock opened at $126.87 on Thursday. The stock has a market cap of $7.17 billion, a PE ratio of 55.64, a price-to-earnings-growth ratio of 1.06 and a beta of 0.92. The business has a fifty day simple moving average of $118.90 and a 200-day simple moving average of $116.35. The company has a quick ratio of 1.26, a current ratio of 1.53 and a debt-to-equity ratio of 1.75. Construction Partners, Inc. has a 12 month low of $93.22 and a 12 month high of $151.00.

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

Wall Street Analyst Weigh In

ROAD has been the topic of several research reports. B. Riley Financial raised Construction Partners from a “neutral” rating to a “buy” rating and upped their price target for the company from $117.00 to $135.00 in a report on Thursday, April 2nd. Zacks Research lowered Construction Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. DA Davidson raised their target price on Construction Partners from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Robert W. Baird raised their target price on Construction Partners from $129.00 to $169.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Weiss Ratings raised Construction Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, April 21st. One equities 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, Construction Partners presently has an average rating of “Moderate Buy” and a consensus target price of $137.80.

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.