Csenge Advisory Group Buys Shares of 6,266 Construction Partners, Inc. $ROAD

Csenge Advisory Group bought a new stake in shares of Construction Partners, Inc. (NASDAQ:ROAD) in the fourth quarter, Holdings Channel.com reports. The fund bought 6,266 shares of the company’s stock, valued at approximately $680,000.

Several other large investors also recently modified their holdings of ROAD. TD Waterhouse Canada Inc. acquired a new stake in shares of Construction Partners during the 3rd quarter worth approximately $25,000. AlphaQuest LLC grew its position in shares of Construction Partners by 292.5% during 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 period. Morse Asset Management Inc grew its position in shares of Construction Partners by 300.0% during the 3rd quarter. Morse Asset Management Inc now owns 240 shares of the company’s stock worth $30,000 after buying an additional 180 shares during the period. Danske Bank A S acquired a new stake in shares of Construction Partners during the 3rd quarter worth approximately $38,000. Finally, Quarry LP acquired a new stake in shares of Construction Partners during the 3rd quarter worth approximately $42,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Construction Partners Price Performance

Shares of ROAD opened at $112.52 on Thursday. Construction Partners, Inc. has a 12-month low of $93.22 and a 12-month high of $151.00. The business’s fifty day moving average is $117.74 and its 200 day moving average is $116.34. The company has a quick ratio of 1.21, a current ratio of 1.53 and a debt-to-equity ratio of 1.75. The stock has a market cap of $6.36 billion, a P/E ratio of 49.35, a P/E/G ratio of 0.92 and a beta of 0.92.

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ROAD. Raymond James Financial reaffirmed a “strong-buy” rating and set a $140.00 price objective on shares of Construction Partners in a research report on Monday, April 27th. DA Davidson raised their price objective 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. Zacks Research downgraded shares of Construction Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. B. Riley Financial raised shares of Construction Partners from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $117.00 to $135.00 in a research report on Thursday, April 2nd. Finally, Robert W. Baird raised their price objective on shares of Construction Partners from $129.00 to $169.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $137.80.

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.