Versor Investments LP Invests $641,000 in Construction Partners, Inc. $ROAD

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

A number of other hedge funds have also modified their holdings of ROAD. TD Waterhouse Canada Inc. acquired a new position in shares of Construction Partners in the third quarter worth $25,000. AlphaQuest LLC raised its holdings in shares of Construction Partners by 292.5% during the 3rd quarter. AlphaQuest LLC now owns 208 shares of the company’s stock valued at $26,000 after purchasing an additional 155 shares in the last quarter. Morse Asset Management Inc raised its holdings 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 valued at $30,000 after purchasing an additional 180 shares in the last quarter. Danske Bank A S bought a new position in shares of Construction Partners during the 3rd quarter valued at $38,000. Finally, Quarry LP bought a new stake in Construction Partners in the third quarter worth $42,000. 94.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Zacks Research cut shares of Construction Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Raymond James Financial reiterated a “strong-buy” rating and issued a $140.00 price objective on shares of Construction Partners in a report on Monday, April 27th. Weiss Ratings upgraded shares of Construction Partners from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, April 21st. Robert W. Baird upped their price objective on shares of Construction Partners from $129.00 to $169.00 and gave the stock an “outperform” rating in a report on Monday. Finally, DA Davidson upped their price objective on shares of Construction Partners from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $137.80.

Construction Partners Price Performance

Shares of ROAD stock opened at $126.87 on Thursday. Construction Partners, Inc. has a 12 month low of $93.22 and a 12 month high of $151.00. The firm 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 stock has a 50 day moving average of $118.90 and a 200-day 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 (NASDAQ:ROAD) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.18 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 during the quarter, compared to analyst estimates of $678.46 million. During the same period in the previous year, the company earned $0.08 earnings per share. The company’s quarterly revenue was up 34.6% compared to the same quarter last year. On average, equities analysts predict that Construction Partners, Inc. will post 2.95 EPS for the current year.

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.