Lindenwold Advisors INC Sells 930 Shares of Construction Partners, Inc. $ROAD

Lindenwold Advisors INC lessened its holdings in Construction Partners, Inc. (NASDAQ:ROAD) by 22.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,134 shares of the company’s stock after selling 930 shares during the quarter. Lindenwold Advisors INC’s holdings in Construction Partners were worth $333,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ROAD. Rhumbline Advisers boosted its position in shares of Construction Partners by 6.3% in the first quarter. Rhumbline Advisers now owns 63,385 shares of the company’s stock valued at $4,555,000 after acquiring an additional 3,781 shares during the period. SG Americas Securities LLC boosted its position in shares of Construction Partners by 563.6% in the first quarter. SG Americas Securities LLC now owns 8,540 shares of the company’s stock valued at $614,000 after acquiring an additional 7,253 shares during the period. Institute for Wealth Management LLC. bought a new stake in shares of Construction Partners in the first quarter valued at about $320,000. Asset Management One Co. Ltd. boosted its position in shares of 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 acquiring an additional 10,226 shares during the period. Finally, Golden State Wealth Management LLC boosted its position in shares of 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 acquiring an additional 563 shares during the period. Institutional investors own 94.83% of the company’s stock.

Construction Partners Stock Up 1.4%

ROAD stock opened at $122.98 on Friday. The company has a market cap of $6.90 billion, a PE ratio of 89.77, a price-to-earnings-growth ratio of 1.04 and a beta of 0.98. The business has a 50-day simple moving average of $120.12 and a 200 day simple moving average of $103.68. Construction Partners, Inc. has a 52 week low of $64.79 and a 52 week 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 earnings results on Thursday, August 7th. The company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). The business had revenue of $779.28 million for the quarter, compared to analyst estimates of $810.47 million. Construction Partners had a return on equity of 12.24% and a net margin of 3.04%.The firm’s revenue was up 50.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 EPS. Construction Partners has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Construction Partners, Inc. will post 1.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ROAD. Raymond James Financial reissued a “strong-buy” rating on shares of Construction Partners in a research report on Friday, August 8th. Robert W. Baird set a $122.00 target price on shares of Construction Partners and gave the company an “outperform” rating in a research report on Friday, August 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Construction Partners in a research note on Wednesday. Baird R W raised Construction Partners from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 8th. Finally, Zacks Research raised Construction Partners from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Three investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $112.33.

Construction Partners 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.