Construction Partners, Inc. $ROAD Shares Sold by Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lessened its holdings in Construction Partners, Inc. (NASDAQ:ROAD) by 13.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,065 shares of the company’s stock after selling 5,850 shares during the quarter. Construction Partners makes up about 1.9% of Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna’s holdings, making the stock its 11th largest position. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna’s holdings in Construction Partners were worth $4,834,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Invesco Ltd. lifted its holdings 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 buying an additional 52,670 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Construction Partners by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,153,123 shares of the company’s stock valued at $122,568,000 after acquiring an additional 18,229 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 valued at $118,208,000 after acquiring an additional 49,898 shares during the last quarter. First Trust Advisors LP raised its position in shares of Construction Partners by 33.2% during the 3rd quarter. First Trust Advisors LP now owns 1,059,566 shares of the company’s stock worth $134,565,000 after acquiring an additional 264,069 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Construction Partners by 5.6% during the 3rd quarter. American Century Companies Inc. now owns 1,039,928 shares of the company’s stock worth $132,071,000 after acquiring an additional 55,049 shares in the last quarter. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Construction Partners Stock Down 2.1%

Construction Partners stock opened at $113.97 on Friday. Construction Partners, Inc. has a fifty-two week low of $64.79 and a fifty-two week high of $141.90. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.26 and a current ratio of 1.59. The company has a market capitalization of $6.44 billion, a P/E ratio of 51.80, a PEG ratio of 1.03 and a beta of 0.83. The stock has a 50-day simple moving average of $122.12 and a 200-day simple moving average of $118.08.

Construction Partners (NASDAQ:ROAD) last announced 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. The firm had revenue of $809.47 million during the quarter, compared to analysts’ expectations of $740.14 million. Construction Partners had a return on equity of 15.26% and a net margin of 3.99%.The business’s revenue was up 44.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 EPS. Equities research analysts expect that Construction Partners, Inc. will post 1.96 earnings per share for the current year.

Wall Street Analyst Weigh In

ROAD has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Construction Partners in a report on Monday, December 29th. DA Davidson raised their price objective on shares of Construction Partners from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Bank of America reduced 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. Robert W. Baird set a $142.00 target price on shares of Construction Partners in a report on Friday, February 6th. Finally, Zacks Research upgraded shares of Construction Partners from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 29th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.