Hazlett Burt & Watson Inc. Has $45,000 Stock Position in Construction Partners, Inc. $ROAD

Hazlett Burt & Watson Inc. grew its position in Construction Partners, Inc. (NASDAQ:ROAD) by 88.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 425 shares of the company’s stock after purchasing an additional 200 shares during the period. Hazlett Burt & Watson Inc.’s holdings in Construction Partners were worth $45,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ROAD. SG Americas Securities LLC increased its stake in shares of Construction Partners by 563.6% in the 1st quarter. SG Americas Securities LLC now owns 8,540 shares of the company’s stock valued at $614,000 after buying an additional 7,253 shares during the period. Institute for Wealth Management LLC. acquired a new stake in shares of Construction Partners in the 1st quarter valued at $320,000. Asset Management One Co. Ltd. increased its stake in shares of Construction Partners by 15.5% in the 1st quarter. Asset Management One Co. Ltd. now owns 76,119 shares of the company’s stock valued at $5,471,000 after buying an additional 10,226 shares during the period. Golden State Wealth Management LLC increased its stake in shares of Construction Partners by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 1,126 shares of the company’s stock valued at $81,000 after buying an additional 563 shares during the period. Finally, Total Wealth Planning & Management Inc. increased its stake in shares of Construction Partners by 14.4% in the 1st quarter. Total Wealth Planning & Management Inc. now owns 8,569 shares of the company’s stock valued at $616,000 after buying an additional 1,076 shares during the period. 94.83% of the stock is owned by institutional investors and hedge funds.

Construction Partners Stock Performance

ROAD stock opened at $124.01 on Tuesday. The business’s 50-day moving average price is $120.71 and its two-hundred day moving average price is $104.46. The company has a current ratio of 1.47, a quick ratio of 1.20 and a debt-to-equity ratio of 1.63. The firm has a market cap of $6.96 billion, a PE ratio of 90.52, a P/E/G ratio of 1.06 and a beta of 0.98. Construction Partners, Inc. has a 1-year low of $64.79 and a 1-year high of $138.90.

Construction Partners (NASDAQ:ROAD) last posted its earnings results on Thursday, August 7th. The company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). The business had revenue of $779.28 million for the quarter, compared to the consensus estimate of $810.47 million. Construction Partners had a return on equity of 12.24% and a net margin of 3.04%.The business’s revenue was up 50.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 earnings per share. Construction Partners has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Construction Partners, Inc. will post 1.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Raymond James Financial reissued a “strong-buy” rating on shares of Construction Partners in a research note on Friday, August 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Construction Partners in a research note on Wednesday, October 8th. Baird R W raised Construction Partners from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 8th. Zacks Research raised Construction Partners from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Finally, Robert W. Baird set a $122.00 price objective on Construction Partners and gave the stock an “outperform” rating in a research note on Friday, August 8th. Three analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $112.33.

About Construction Partners

Construction Partners, Inc, a civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company provides various products and services to public and private infrastructure projects, such as highways, roads, bridges, airports, and commercial and residential developments.