GAMMA Investing LLC Buys 293 Shares of Construction Partners, Inc. $ROAD

GAMMA Investing LLC grew its stake in Construction Partners, Inc. (NASDAQ:ROAD) by 33.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,164 shares of the company’s stock after acquiring an additional 293 shares during the quarter. GAMMA Investing LLC’s holdings in Construction Partners were worth $124,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Teacher Retirement System of Texas bought a new stake in Construction Partners in the first quarter worth $491,000. Asset Management One Co. Ltd. boosted its holdings in Construction Partners by 15.5% in the first quarter. Asset Management One Co. Ltd. now owns 76,119 shares of the company’s stock worth $5,471,000 after acquiring an additional 10,226 shares in the last quarter. LPL Financial LLC boosted its holdings in Construction Partners by 16.3% in the first quarter. LPL Financial LLC now owns 45,371 shares of the company’s stock worth $3,261,000 after acquiring an additional 6,365 shares in the last quarter. HWG Holdings LP bought a new stake in Construction Partners in the second quarter worth $2,260,000. Finally, Zimmer Partners LP bought a new stake in Construction Partners in the first quarter worth $10,062,000. 94.83% of the stock is owned by institutional investors.

Construction Partners Stock Performance

Shares of ROAD opened at $127.00 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.47 and a debt-to-equity ratio of 1.63. The business has a 50-day simple moving average of $116.61 and a two-hundred day simple moving average of $101.20. The stock has a market cap of $7.12 billion, a price-to-earnings ratio of 92.70, a PEG ratio of 1.63 and a beta of 0.99. Construction Partners, Inc. has a 52 week low of $64.79 and a 52 week high of $138.90.

Construction Partners (NASDAQ:ROAD) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). The company had revenue of $779.28 million during the quarter, compared to analysts’ expectations of $810.47 million. Construction Partners had a return on equity of 12.24% and a net margin of 3.04%.The business’s quarterly revenue was up 50.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.59 EPS. Construction Partners has set its FY 2025 guidance at EPS. On average, analysts expect that Construction Partners, Inc. will post 1.96 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ROAD. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Construction Partners in a report on Friday, August 8th. Baird R W raised Construction Partners from a “hold” rating to a “strong-buy” rating in a report on Friday, August 8th. Finally, Robert W. Baird set a $122.00 price target on Construction Partners and gave the company an “outperform” rating in a report on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Construction Partners 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.