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

Natixis Advisors LLC decreased its stake in shares of Construction Partners, Inc. (NASDAQ:ROAD) by 25.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 334,029 shares of the company’s stock after selling 115,546 shares during the period. Natixis Advisors LLC owned 0.60% of Construction Partners worth $42,422,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. First Trust Advisors LP boosted 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 valued at $134,565,000 after acquiring an additional 264,069 shares during the last quarter. Bank of New York Mellon Corp increased its position in Construction Partners by 81.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 496,783 shares of the company’s stock worth $52,798,000 after purchasing an additional 223,457 shares in the last quarter. American Century Companies Inc. raised its stake in Construction Partners by 19.9% in the 2nd quarter. American Century Companies Inc. now owns 984,879 shares of the company’s stock valued at $104,673,000 after purchasing an additional 163,334 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Construction Partners by 42.4% in the 2nd quarter. Franklin Resources Inc. now owns 468,926 shares of the company’s stock valued at $49,837,000 after purchasing an additional 139,707 shares in the last quarter. Finally, Jump Financial LLC lifted its holdings in Construction Partners by 509.3% in the 2nd quarter. Jump Financial LLC now owns 144,697 shares of the company’s stock valued at $15,378,000 after purchasing an additional 120,949 shares in the last quarter. 94.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ROAD has been the topic of several analyst reports. Robert W. Baird set a $142.00 price target on shares of Construction Partners in a research note on Friday, February 6th. DA Davidson boosted their price objective on shares of Construction Partners from $120.00 to $130.00 and gave the company a “neutral” rating in a research 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 on the stock in a research note on Friday, November 21st. Zacks Research upgraded shares of Construction Partners from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, January 29th. Finally, B. Riley Financial started coverage on shares of Construction Partners in a research note on Thursday, January 15th. They issued a “neutral” rating and a $117.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $127.80.

Construction Partners Price Performance

ROAD stock opened at $123.47 on Tuesday. The company has a market cap of $6.98 billion, a PE ratio of 56.12, a price-to-earnings-growth ratio of 1.05 and a beta of 0.83. The company has a current ratio of 1.59, a quick ratio of 1.26 and a debt-to-equity ratio of 1.76. The stock has a 50-day moving average price of $121.42 and a two-hundred day moving average price of $118.10. Construction Partners, Inc. has a 12-month low of $64.79 and a 12-month high of $141.90.

Construction Partners (NASDAQ:ROAD) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. The company had revenue of $809.47 million for the quarter, compared to the consensus estimate of $740.14 million. Construction Partners had a return on equity of 15.26% and a net margin of 3.99%.The company’s quarterly revenue was up 44.1% compared to the same quarter last year. During the same period last year, the business posted $0.25 EPS. As a group, research analysts predict that Construction Partners, Inc. will post 1.96 EPS for the current year.

Construction Partners Company Profile

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.