Construction Partners, Inc. $ROAD Shares Sold by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC decreased its position in Construction Partners, Inc. (NASDAQ:ROAD) by 24.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,262 shares of the company’s stock after selling 10,298 shares during the period. Moody Aldrich Partners LLC owned approximately 0.06% of Construction Partners worth $3,429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in ROAD. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Construction Partners during the second quarter worth about $542,000. Wealth Enhancement Advisory Services LLC acquired a new position in Construction Partners in the 2nd quarter worth approximately $344,000. GAMMA Investing LLC raised its position in Construction Partners by 33.6% during the 2nd quarter. GAMMA Investing LLC now owns 1,164 shares of the company’s stock worth $124,000 after buying an additional 293 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in Construction Partners during the 2nd quarter worth approximately $802,000. Finally, KLP Kapitalforvaltning AS lifted its stake in Construction Partners by 7.7% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 9,800 shares of the company’s stock valued at $1,042,000 after acquiring an additional 700 shares during the period. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Construction Partners Stock Down 3.0%

ROAD opened at $112.68 on Friday. The company has a fifty day moving average of $122.74 and a two-hundred day moving average of $108.18. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 82.25, a PEG ratio of 1.03 and a beta of 0.98. Construction Partners, Inc. has a fifty-two week low of $64.79 and a fifty-two week high of $138.90. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.20 and a current ratio of 1.47.

Construction Partners (NASDAQ:ROAD) last posted its earnings results on Thursday, August 7th. The company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 3.04% and a return on equity of 12.24%. Construction Partners’s revenue was up 50.5% on a year-over-year basis. During the same quarter last year, the business earned $0.59 earnings per share. Construction Partners has set its FY 2025 guidance at EPS. On average, research analysts expect that Construction Partners, Inc. will post 1.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ROAD. Weiss Ratings reiterated a “hold (c+)” rating on shares of Construction Partners in a research note on Wednesday, October 8th. DA Davidson upped their price target on shares of Construction Partners from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. Zacks Research raised Construction Partners from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Raymond James Financial reissued a “strong-buy” rating and issued a $135.00 price objective (up previously from $120.00) on shares of Construction Partners in a report on Tuesday, October 21st. Finally, Robert W. Baird set a $122.00 target price on Construction Partners and gave the stock an “outperform” rating in a research note on Friday, August 8th. Three analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Construction Partners currently has an average rating of “Buy” and an average price target of $125.67.

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.