Construction Partners, Inc. $ROAD Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its stake in shares of Construction Partners, Inc. (NASDAQ:ROAD) by 57.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,839 shares of the company’s stock after selling 6,499 shares during the period. SG Americas Securities LLC’s holdings in Construction Partners were worth $538,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vaughan Nelson Investment Management L.P. boosted its holdings in Construction Partners by 2.7% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 402,390 shares of the company’s stock valued at $44,714,000 after acquiring an additional 10,695 shares during the last quarter. Hsbc Holdings PLC increased its stake in Construction Partners by 191.7% during the fourth quarter. Hsbc Holdings PLC now owns 16,344 shares of the company’s stock worth $1,787,000 after acquiring an additional 10,741 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in Construction Partners by 4.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 7,518 shares of the company’s stock worth $816,000 after acquiring an additional 352 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Construction Partners by 23.7% in the 4th quarter. Invesco Ltd. now owns 1,481,914 shares of the company’s stock worth $160,862,000 after purchasing an additional 284,082 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its holdings in shares of Construction Partners by 16.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 3,092 shares of the company’s stock worth $336,000 after purchasing an additional 437 shares during the period. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Construction Partners Stock Performance

Shares of ROAD stock opened at $103.71 on Wednesday. Construction Partners, Inc. has a 12 month low of $93.22 and a 12 month high of $151.00. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.53 and a quick ratio of 1.21. The firm has a market capitalization of $5.86 billion, a P/E ratio of 45.49, a P/E/G ratio of 0.90 and a beta of 0.88. The company’s fifty day moving average price is $117.95 and its two-hundred day moving average price is $118.04.

Construction Partners (NASDAQ:ROAD) last announced its earnings results 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. Construction Partners had a return on equity of 15.22% and a net margin of 3.90%.The company had revenue of $769.20 million during the quarter, compared to the consensus estimate of $678.46 million. During the same period last year, the firm earned $0.08 earnings per share. The company’s revenue was up 34.6% on a year-over-year basis. On average, research analysts anticipate that Construction Partners, Inc. will post 2.95 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ROAD has been the subject of a number of research reports. Raymond James Financial reiterated a “strong-buy” rating and set a $140.00 target price on shares of Construction Partners in a report on Monday, April 27th. Weiss Ratings lowered shares of Construction Partners from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. B. Riley Financial raised shares of Construction Partners from a “neutral” rating to a “buy” rating and lifted their price target for the company from $117.00 to $135.00 in a research report on Thursday, April 2nd. Robert W. Baird decreased their price objective on shares of Construction Partners from $169.00 to $145.00 and set an “outperform” rating for the company in a research note on Wednesday, July 1st. Finally, Zacks Research lowered shares of Construction Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $132.50.

Construction Partners Company Profile

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.