ACK Asset Management fully exited its $29.11 million stake in Centuri Holdings (1,375,000 shares) in Q4 2025, despite the company posting record quarterly revenue of $850 million (up 18.1% YoY) and achieving a record $5.9 billion backlog. The exit raises questions about valuation concerns despite strong operational metrics and 45.9% share price appreciation over the past year.

ACK Asset Management LLC acquired 436,707 shares of Rogers Corporation for approximately $40 million in February 2026, making it a 5% position in the fund. Rogers, a supplier of engineered materials for EVs and wireless infrastructure, has gained 25% over the past year. The investment reflects confidence in the company's margin durability and exposure to EV and aerospace recovery, though the company currently trades below historical peak margins.

ACK Asset Management acquired 375,000 shares of Novanta worth $44.62 million in February 2026, making it a 5.6% position in the fund. Despite the stock being flat over the past year and underperforming the S&P 500, the investment suggests confidence in potential recovery as medical and advanced industrial demand rebounds. Novanta generated nearly $1 billion in trailing revenue with improving margins.

Global road construction and maintenance market projected to grow from $911.2 billion in 2024 to $1.1 trillion by 2030, driven by infrastructure investments, urbanization, and technological innovations in smart materials and monitoring technologies.

The unemployment rate in Southwest B.C. rose to 6.5% in 2024, with population growth outpacing job creation. Goods-sector employment increased, driven by the construction industry, while the services sector saw mixed results. Housing affordability was cited as the top concern for CPABC members in the region.

Sterling Infrastructure, Inc. (STRL) has seen a significant surge in its stock price, outperforming the industry and the broader market. The company's strategic focus on e-infrastructure and higher-margin projects has driven its growth, with a strong backlog and solid financial performance. However, the stock's valuation is a concern, and investors should consider the potential risks before making an investment decision.

Granite's (GVA) focus is to grow a high-quality CAP portfolio on the back of a positive public funding environment and resilient private market.

Louisiana-Pacific's (LPX) strong Siding business and strategic investments drive growth.

Tutor Perini (TPC) benefits from efficient project execution and diversified delivery methods and services.

Granite (GVA) is set to rehabilitate the pavement along SR41, providing a smoother ride and reducing maintenance demands.

Here is how Granite Construction (GVA) and Armstrong World Industries (AWI) have performed compared to their sector so far this year.

EMCOR, Dycom Industries, Granite Construction, Tutor Perini and Great Lakes Dredge & Dock have been highlighted in this Industry Outlook article.