Engle Capital Management L.P. Has $22.78 Million Stock Holdings in Construction Partners, Inc. $ROAD

Engle Capital Management L.P. boosted its position in shares of Construction Partners, Inc. (NASDAQ:ROADFree Report) by 10.8% in the first quarter, HoldingsChannel reports. The fund owned 205,000 shares of the company’s stock after purchasing an additional 20,000 shares during the quarter. Construction Partners makes up 7.8% of Engle Capital Management L.P.’s portfolio, making the stock its 4th largest position. Engle Capital Management L.P.’s holdings in Construction Partners were worth $22,780,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. NFSG Corp increased its position in shares of Construction Partners by 8.7% during the first quarter. NFSG Corp now owns 1,251 shares of the company’s stock worth $139,000 after purchasing an additional 100 shares in the last quarter. ANB Bank lifted its holdings in shares of Construction Partners by 3.4% during the 1st quarter. ANB Bank now owns 4,258 shares of the company’s stock valued at $473,000 after purchasing an additional 140 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Construction Partners by 0.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 23,151 shares of the company’s stock worth $2,573,000 after purchasing an additional 149 shares in the last quarter. &PARTNERS boosted its position in shares of Construction Partners by 2.5% in the 4th quarter. &PARTNERS now owns 6,899 shares of the company’s stock worth $749,000 after purchasing an additional 167 shares in the last quarter. Finally, Morse Asset Management Inc grew its stake in 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 last quarter. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Construction Partners Trading Up 1.7%

NASDAQ:ROAD opened at $105.05 on Tuesday. The company has a market capitalization of $5.94 billion, a P/E ratio of 46.07, a PEG ratio of 0.87 and a beta of 0.88. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity ratio of 1.75. Construction Partners, Inc. has a 12 month low of $93.22 and a 12 month high of $151.00. The firm has a fifty day simple moving average of $111.03 and a 200-day simple moving average of $117.03.

Construction Partners (NASDAQ:ROADGet Free Report) last released its earnings results on Friday, May 8th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.23. The firm had revenue of $769.20 million for the quarter, compared to the consensus estimate of $678.46 million. Construction Partners had a return on equity of 15.22% and a net margin of 3.90%.The firm’s revenue was up 34.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 EPS. On average, equities research analysts anticipate that Construction Partners, Inc. will post 2.91 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Raymond James Financial reduced their target price on Construction Partners from $161.00 to $150.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, July 15th. B. Riley Financial raised Construction Partners from a “neutral” rating to a “buy” rating and raised their price target for the stock from $117.00 to $135.00 in a report on Thursday, April 2nd. Zacks Research lowered Construction Partners from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 16th. Robert W. Baird cut their price objective on shares of Construction Partners from $169.00 to $145.00 and set an “outperform” rating on the stock in a report on Wednesday, July 1st. Finally, Weiss Ratings lowered shares of Construction Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $134.17.

View Our Latest Report on ROAD

Construction Partners Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Construction Partners (NASDAQ:ROAD)

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