Construction Partners, Inc. (NASDAQ:ROAD) Shares Sold by Natixis Advisors L.P.

Posted by on Apr 12th, 2023

Natixis Advisors L.P. lessened its position in Construction Partners, Inc. (NASDAQ:ROAD – Get Rating) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 639,282 shares of the company’s stock after selling 9,777 shares during the period. Natixis Advisors L.P. owned approximately 1.21% of Construction Partners worth $17,062,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Rice Hall James & Associates LLC grew its position in Construction Partners by 9.5% in the 4th quarter. Rice Hall James & Associates LLC now owns 223,714 shares of the company’s stock valued at $5,971,000 after buying an additional 19,422 shares in the last quarter. Comerica Bank grew its position in Construction Partners by 5.3% in the 4th quarter. Comerica Bank now owns 410,688 shares of the company’s stock valued at $10,846,000 after buying an additional 20,720 shares in the last quarter. R.P. Boggs & Co. bought a new position in Construction Partners in the 4th quarter valued at about $1,866,000. Trust Co. of Oklahoma bought a new position in Construction Partners in the 4th quarter valued at about $234,000. Finally, Jane Street Group LLC bought a new position in Construction Partners in the 3rd quarter valued at about $425,000. Institutional investors and hedge funds own 75.88% of the company’s stock.

Construction Partners Stock Performance

Shares of ROAD opened at $25.31 on Wednesday. Construction Partners, Inc. has a one year low of $18.89 and a one year high of $32.98. The company has a 50-day moving average of $27.08 and a two-hundred day moving average of $27.73. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 74.44, a PEG ratio of 1.09 and a beta of 0.92. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.98 and a quick ratio of 1.58.

Construction Partners (NASDAQ:ROAD – Get Rating) last announced its earnings results on Friday, February 10th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). The firm had revenue of $341.78 million during the quarter, compared to analyst estimates of $319.60 million. Construction Partners had a return on equity of 4.03% and a net margin of 1.31%. The business’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.11 earnings per share. On average, equities research analysts expect that Construction Partners, Inc. will post 0.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ROAD. TheStreet lowered shares of Construction Partners from a “b-” rating to a “c+” rating in a research report on Wednesday, March 15th. Stifel Nicolaus raised their price objective on shares of Construction Partners from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, December 19th. DA Davidson restated a “neutral” rating on shares of Construction Partners in a research report on Monday, February 13th. Finally, Raymond James reduced their price objective on shares of Construction Partners from $37.00 to $36.00 and set a “strong-buy” rating for the company in a research report on Tuesday, February 14th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $32.25.

Construction Partners Profile

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Construction Partners, Inc is a civil infrastructure company, which engages in construction and maintenance of roadways and highways. The firm is also involved in the provision of products and services to both public and private infrastructure projects, with an emphasis on highways, roads, bridges, airports, and commercial and residential developments.

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Institutional Ownership by Quarter for Construction Partners (NASDAQ:ROAD)

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