Construction Partners, Inc. $ROAD Shares Bought by Tyro Capital Management LLC

Tyro Capital Management LLC boosted its holdings in Construction Partners, Inc. (NASDAQ:ROAD) by 6.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 164,488 shares of the company’s stock after buying an additional 10,465 shares during the quarter. Construction Partners makes up 7.8% of Tyro Capital Management LLC’s holdings, making the stock its 8th biggest holding. Tyro Capital Management LLC’s holdings in Construction Partners were worth $20,890,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. TD Waterhouse Canada Inc. acquired a new stake in shares of Construction Partners in the 3rd quarter valued at approximately $25,000. AlphaQuest LLC increased its position in Construction Partners by 292.5% during the 3rd quarter. AlphaQuest LLC now owns 208 shares of the company’s stock worth $26,000 after purchasing an additional 155 shares in the last quarter. MAI Capital Management bought a new position in Construction Partners in the 2nd quarter valued at approximately $44,000. Mather Group LLC. bought a new position in Construction Partners in the 3rd quarter valued at approximately $47,000. Finally, First Horizon Corp acquired a new stake in Construction Partners in the third quarter valued at approximately $49,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. B. Riley Financial started coverage on shares of Construction Partners in a research report on Thursday, January 15th. They set a “neutral” rating and a $117.00 target price on the stock. Robert W. Baird set a $142.00 price target on shares of Construction Partners in a research report on Friday, February 6th. Bank of America cut their price target on shares of Construction Partners from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, November 21st. DA Davidson boosted their price objective on shares of Construction Partners from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Construction Partners in a report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Construction Partners presently has an average rating of “Moderate Buy” and an average price target of $127.80.

Construction Partners Trading Up 4.6%

NASDAQ:ROAD opened at $123.47 on Tuesday. Construction Partners, Inc. has a 12 month low of $64.79 and a 12 month high of $141.90. The company has a current ratio of 1.59, a quick ratio of 1.26 and a debt-to-equity ratio of 1.76. The stock has a market capitalization of $6.98 billion, a price-to-earnings ratio of 56.12, a PEG ratio of 1.05 and a beta of 0.83. The firm has a fifty day simple moving average of $121.42 and a two-hundred day simple moving average of $118.10.

Construction Partners (NASDAQ:ROAD) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.16. The firm had revenue of $809.47 million for the quarter, compared to analyst estimates of $740.14 million. Construction Partners had a net margin of 3.99% and a return on equity of 15.26%. The business’s quarterly revenue was up 44.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 earnings per share. Analysts expect that Construction Partners, Inc. will post 1.96 EPS for the current fiscal 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.