Construction Partners, Inc. $ROAD Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lessened its holdings in Construction Partners, Inc. (NASDAQ:ROAD) by 25.7% during the third quarter, HoldingsChannel.com reports. The fund owned 334,029 shares of the company’s stock after selling 115,546 shares during the quarter. Natixis Advisors LLC’s holdings in Construction Partners were worth $42,422,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Invesco Ltd. boosted its position in Construction Partners by 4.2% during the 2nd quarter. Invesco Ltd. now owns 1,308,761 shares of the company’s stock worth $139,095,000 after purchasing an additional 52,670 shares during the period. Geode Capital Management LLC raised its position in Construction Partners by 1.6% in the second quarter. Geode Capital Management LLC now owns 1,153,123 shares of the company’s stock valued at $122,568,000 after purchasing an additional 18,229 shares during the period. State Street Corp lifted its stake in shares of Construction Partners by 4.7% during the second quarter. State Street Corp now owns 1,112,231 shares of the company’s stock worth $118,208,000 after purchasing an additional 49,898 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Construction Partners by 33.2% during the third quarter. First Trust Advisors LP now owns 1,059,566 shares of the company’s stock worth $134,565,000 after purchasing an additional 264,069 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Construction Partners by 5.6% in the third 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 period. Institutional investors and hedge funds own 94.83% of the company’s stock.

Construction Partners Price Performance

Shares of ROAD stock opened at $123.47 on Tuesday. The firm has a fifty day moving average of $121.42 and a two-hundred day moving average of $118.10. The firm has a market cap of $6.98 billion, a P/E ratio of 56.12, a P/E/G ratio of 1.05 and a beta of 0.83. Construction Partners, Inc. has a 1-year low of $64.79 and a 1-year high of $141.90. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.59 and a quick ratio of 1.26.

Construction Partners (NASDAQ:ROAD) last issued its earnings results on Thursday, February 5th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. Construction Partners had a net margin of 3.99% and a return on equity of 15.26%. The business had revenue of $809.47 million for the quarter, compared to analyst estimates of $740.14 million. During the same quarter in the prior year, the business posted $0.25 EPS. The company’s revenue for the quarter was up 44.1% on a year-over-year basis. As a group, research analysts anticipate that Construction Partners, Inc. will post 1.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ROAD shares. DA Davidson raised their target price on Construction Partners from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, February 6th. B. Riley Financial initiated coverage on Construction Partners in a report on Thursday, January 15th. They issued a “neutral” rating and a $117.00 price target for the company. Bank of America lowered their price objective on shares of Construction Partners from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, November 21st. Zacks Research upgraded shares of Construction Partners from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 29th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Construction Partners in a research report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.80.

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.