Natixis Advisors LLC Lowers Stake in Construction Partners, Inc. $ROAD

Natixis Advisors LLC reduced its stake in shares of Construction Partners, Inc. (NASDAQ:ROAD) by 21.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 261,315 shares of the company’s stock after selling 72,714 shares during the period. Natixis Advisors LLC owned approximately 0.46% of Construction Partners worth $28,366,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its stake in Construction Partners by 14.4% during the first quarter. AQR Capital Management LLC now owns 10,333 shares of the company’s stock worth $743,000 after purchasing an additional 1,302 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Construction Partners by 11.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 96,191 shares of the company’s stock worth $6,913,000 after purchasing an additional 9,656 shares in the last quarter. Intech Investment Management LLC increased its position in shares of Construction Partners by 11.4% during the 1st quarter. Intech Investment Management LLC now owns 24,292 shares of the company’s stock valued at $1,746,000 after purchasing an additional 2,482 shares during the last quarter. Strs Ohio bought a new position in shares of Construction Partners during the 1st quarter valued at about $165,000. Finally, Hsbc Holdings PLC purchased a new position in shares of Construction Partners during the 2nd quarter valued at about $552,000. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $140.00 target price on shares of Construction Partners in a research note on Monday, April 27th. Truist Financial started coverage on shares of Construction Partners in a research note on Wednesday. They set a “hold” rating and a $130.00 price target on the stock. Zacks Research lowered shares of Construction Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. DA Davidson upped their price objective on shares of Construction Partners from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Finally, Robert W. Baird increased their target price on shares of Construction Partners from $129.00 to $169.00 and gave the company an “outperform” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Construction Partners presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.50.

Construction Partners Trading Up 2.3%

Shares of ROAD stock opened at $112.93 on Friday. The business has a 50-day moving average of $117.47 and a 200 day moving average of $116.53. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.53 and a quick ratio of 1.21. Construction Partners, Inc. has a 1-year low of $93.22 and a 1-year high of $151.00. The stock has a market capitalization of $6.38 billion, a PE ratio of 49.53, a P/E/G ratio of 0.92 and a beta of 0.88.

Construction Partners (NASDAQ:ROAD) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.23. The firm had revenue of $769.20 million during the quarter, compared to the consensus estimate of $678.46 million. Construction Partners had a return on equity of 15.22% and a net margin of 3.90%.The business’s revenue was up 34.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.08 earnings per share. As a group, sell-side analysts anticipate that Construction Partners, Inc. will post 2.95 earnings per share for the current year.

About Construction Partners

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.