EFG Asset Management North America Corp. Has $4.80 Million Stock Holdings in Construction Partners, Inc. $ROAD

EFG Asset Management North America Corp. lowered its position in Construction Partners, Inc. (NASDAQ:ROAD) by 25.0% during the second quarter, HoldingsChannel.com reports. The firm owned 45,138 shares of the company’s stock after selling 15,019 shares during the quarter. EFG Asset Management North America Corp.’s holdings in Construction Partners were worth $4,796,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Amalgamated Bank lifted its position in shares of Construction Partners by 8.8% during the 1st quarter. Amalgamated Bank now owns 1,593 shares of the company’s stock worth $114,000 after purchasing an additional 129 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Construction Partners in the 1st quarter worth approximately $491,000. Principal Financial Group Inc. raised its holdings in shares of Construction Partners by 1.7% in the 1st quarter. Principal Financial Group Inc. now owns 29,651 shares of the company’s stock worth $2,131,000 after buying an additional 490 shares in the last quarter. Bridges Investment Management Inc. raised its holdings in shares of Construction Partners by 5.2% in the 1st quarter. Bridges Investment Management Inc. now owns 6,671 shares of the company’s stock worth $479,000 after buying an additional 327 shares in the last quarter. Finally, Xponance Inc. raised its position in Construction Partners by 13.4% in the 1st quarter. Xponance Inc. now owns 3,471 shares of the company’s stock valued at $249,000 after purchasing an additional 409 shares during the last quarter. Institutional investors and hedge funds own 94.83% of the company’s stock.

Analyst Upgrades and Downgrades

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

Construction Partners Price Performance

Shares of NASDAQ ROAD opened at $112.02 on Wednesday. The stock has a market capitalization of $6.28 billion, a PE ratio of 81.77, a P/E/G ratio of 1.01 and a beta of 1.02. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.47 and a quick ratio of 1.20. The business has a fifty day moving average price of $122.26 and a two-hundred day moving average price of $109.33. Construction Partners, Inc. has a fifty-two week low of $64.79 and a fifty-two week high of $138.90.

Construction Partners (NASDAQ:ROAD) last announced its quarterly earnings data 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). Construction Partners had a net margin of 3.04% and a return on equity of 12.24%. The company had revenue of $779.28 million during the quarter, compared to analyst estimates of $810.47 million. During the same period in the prior year, the firm earned $0.59 earnings per share. Construction Partners’s revenue was up 50.5% on a year-over-year basis. Construction Partners has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Construction Partners, Inc. will post 1.96 earnings per share for the current fiscal year.

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.