Total Wealth Planning & Management Inc. Purchases Shares of 7,421 Construction Partners, Inc. $ROAD

Total Wealth Planning & Management Inc. purchased a new stake in shares of Construction Partners, Inc. (NASDAQ:ROAD) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 7,421 shares of the company’s stock, valued at approximately $806,000.

Several other institutional investors have also added to or reduced their stakes in ROAD. AQR Capital Management LLC boosted its position in Construction Partners by 14.4% during the 1st 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 boosted 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 valued at $6,913,000 after buying an additional 9,656 shares during the period. Intech Investment Management LLC boosted its position in Construction Partners by 11.4% during the 1st 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 during the period. Strs Ohio purchased a new stake in Construction Partners during the 1st quarter valued at $165,000. Finally, Hsbc Holdings PLC purchased a new stake in Construction Partners during the 2nd quarter valued at $552,000. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ROAD. Truist Financial assumed coverage on shares of Construction Partners in a research report on Wednesday. They set a “hold” rating and a $130.00 price target for the company. Weiss Ratings cut shares of Construction Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. 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. Robert W. Baird raised their target price 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. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $140.00 target price on shares of Construction Partners in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Construction Partners presently has an average rating of “Moderate Buy” and a consensus target price of $136.50.

Construction Partners Trading Up 2.3%

NASDAQ:ROAD opened at $112.93 on Friday. The company has a 50-day moving average price of $117.47 and a 200-day moving average price of $116.53. Construction Partners, Inc. has a 12 month low of $93.22 and a 12 month high of $151.00. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity ratio of 1.75. The stock has a market cap of $6.38 billion, a price-to-earnings ratio of 49.53, a P/E/G ratio of 0.92 and a beta of 0.88.

Construction Partners (NASDAQ:ROAD) last posted 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. Construction Partners had a net margin of 3.90% and a return on equity of 15.22%. The firm had revenue of $769.20 million during the quarter, compared to analysts’ expectations of $678.46 million. During the same period last year, the company posted $0.08 EPS. The company’s quarterly revenue was up 34.6% compared to the same quarter last year. Equities analysts predict that Construction Partners, Inc. will post 2.95 EPS for the current year.

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.