Total Wealth Planning & Management Inc. Invests $806,000 in Construction Partners, Inc. $ROAD

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

A number of other institutional investors have also recently made changes to their positions in the stock. Geode Capital Management LLC increased its holdings in shares of Construction Partners by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,163,923 shares of the company’s stock worth $126,364,000 after buying an additional 4,118 shares during the last quarter. State Street Corp increased its holdings in shares of Construction Partners by 4.7% in the 2nd quarter. State Street Corp now owns 1,112,231 shares of the company’s stock worth $118,208,000 after buying an additional 49,898 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Construction Partners by 33.2% in the 3rd quarter. First Trust Advisors LP now owns 1,059,566 shares of the company’s stock worth $134,565,000 after buying an additional 264,069 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Construction Partners by 5.6% in the 3rd quarter. American Century Companies Inc. now owns 1,039,928 shares of the company’s stock worth $132,071,000 after buying an additional 55,049 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Construction Partners by 6.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 842,535 shares of the company’s stock worth $89,545,000 after buying an additional 49,542 shares during the last quarter. Institutional investors own 94.83% of the company’s stock.

Analyst Ratings Changes

ROAD has been the topic of a number of research analyst reports. B. Riley Financial raised shares of Construction Partners from a “neutral” rating to a “buy” rating and increased their price target for the stock from $117.00 to $135.00 in a report on Thursday, April 2nd. Robert W. Baird upped their price objective on shares of Construction Partners from $129.00 to $169.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Weiss Ratings cut shares of Construction Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. DA Davidson upped their price objective on shares of Construction Partners from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Finally, Zacks Research cut shares of Construction Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $136.50.

Construction Partners Price Performance

Shares of Construction Partners stock opened at $112.93 on Friday. Construction Partners, Inc. has a 52-week low of $93.22 and a 52-week high of $151.00. The stock has a market capitalization of $6.38 billion, a price-to-earnings ratio of 49.53, a price-to-earnings-growth ratio of 0.92 and a beta of 0.88. The company has a fifty day moving average of $117.47 and a 200-day moving average of $116.53. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.21 and a current ratio of 1.53.

Construction Partners (NASDAQ:ROAD) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.23. Construction Partners had a net margin of 3.90% and a return on equity of 15.22%. The company had revenue of $769.20 million during the quarter, compared to analysts’ expectations of $678.46 million. During the same quarter in the prior year, the company earned $0.08 EPS. The firm’s revenue was up 34.6% on a year-over-year basis. Equities research analysts expect 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.