From Yahoo Finance: 2025-04-29 09:30:00

Conestoga Capital Advisors released its Q1 2025 investor letter, citing a sharp decline in equities amidst concerns over slowing earnings, geopolitical tensions, and upcoming tariff announcements. Their Small Cap, SMid Cap, Micro-Cap, and Mid Cap Composites returned -11.35%, -5.73%, -8.24%, and 0.96% respectively in the first quarter.

Construction Partners, Inc. (NASDAQ: ROAD) was highlighted in Conestoga’s letter, with shares gaining 53.09% over the last 52 weeks. The company reported strong fiscal Q1 results, with revenue up 41.6% from a year ago. Despite a pullback in Q1, Construction Partners, Inc. remains a promising investment in the infrastructure sector.

Construction Partners, Inc. (ROAD) stock closed at $80.60 per share on April 28, 2025, with a market cap of $4.51 billion. While 21 hedge fund portfolios held ROAD at the end of Q4 2024, Insider Monkey suggests AI stocks may offer higher returns in a shorter timeframe. ROAD’s positive impact on Conestoga Capital Advisors’ performance in previous quarters was driven by high demand in road maintenance and infrastructure.

Insider Monkey covered Wasatch Small Cap Growth Strategy’s views on Construction Partners, Inc. (ROAD) in a previous article. The company’s performance fueled by strong demand in the infrastructure sector has been consistently positive. For more investor letters from hedge funds and leading investors, visit Insider Monkey’s hedge fund investor letters Q1 2025 page.

Read more: Construction Partners (ROAD) Fell Amid Profit Taking and General Industry Weakness