Stephens Inc. AR Sells 164 Shares of Construction Partners, Inc. $ROAD

Stephens Inc. AR lowered its stake in Construction Partners, Inc. (NASDAQ:ROAD) by 1.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 8,334 shares of the company’s stock after selling 164 shares during the quarter. Stephens Inc. AR’s holdings in Construction Partners were worth $886,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ROAD. Asset Management One Co. Ltd. lifted its position in Construction Partners by 15.5% in the first quarter. Asset Management One Co. Ltd. now owns 76,119 shares of the company’s stock valued at $5,471,000 after purchasing an additional 10,226 shares during the last quarter. Golden State Wealth Management LLC lifted its position in Construction Partners by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 1,126 shares of the company’s stock valued at $81,000 after purchasing an additional 563 shares during the last quarter. Total Wealth Planning & Management Inc. raised its holdings in shares of Construction Partners by 14.4% during the first quarter. Total Wealth Planning & Management Inc. now owns 8,569 shares of the company’s stock valued at $616,000 after acquiring an additional 1,076 shares in the last quarter. Artemis Investment Management LLP raised its holdings in shares of Construction Partners by 225.9% during the first quarter. Artemis Investment Management LLP now owns 695,949 shares of the company’s stock valued at $50,018,000 after acquiring an additional 482,374 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Construction Partners by 39.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 856,528 shares of the company’s stock valued at $62,724,000 after acquiring an additional 240,496 shares in the last quarter. Institutional investors own 94.83% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on ROAD. Baird R W upgraded Construction Partners from a “hold” rating to a “strong-buy” rating in a report on Friday, August 8th. Zacks Research upgraded Construction Partners from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Robert W. Baird set a $122.00 target price on Construction Partners and gave the company an “outperform” rating in a report on Friday, August 8th. Raymond James Financial restated a “strong-buy” rating and set a $135.00 target price (up previously from $120.00) on shares of Construction Partners in a report on Tuesday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Construction Partners in a research note on Friday. Three investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $125.67.

Construction Partners Price Performance

Shares of ROAD stock opened at $117.99 on Friday. The stock has a market cap of $6.62 billion, a price-to-earnings ratio of 86.12, a PEG ratio of 0.98 and a beta of 0.98. The business’s fifty day moving average is $122.49 and its 200 day moving average is $106.90. Construction Partners, Inc. has a twelve month low of $64.79 and a twelve month high of $138.90. The company has a quick ratio of 1.20, a current ratio of 1.47 and a debt-to-equity ratio of 1.63.

Construction Partners (NASDAQ:ROAD) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). The firm had revenue of $779.28 million during the quarter, compared to analysts’ expectations of $810.47 million. Construction Partners had a return on equity of 12.24% and a net margin of 3.04%.Construction Partners’s revenue for the quarter was up 50.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.59 earnings per share. Construction Partners has set its FY 2025 guidance at EPS. Research analysts expect that Construction Partners, Inc. will post 1.96 EPS for the current fiscal year.

Construction Partners Company Profile

Construction Partners, Inc, a civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company provides various products and services to public and private infrastructure projects, such as highways, roads, bridges, airports, and commercial and residential developments.