Aubrey Capital Management Ltd Has $4.47 Million Stock Holdings in Construction Partners, Inc. $ROAD

Aubrey Capital Management Ltd trimmed its position in Construction Partners, Inc. (NASDAQ:ROAD) by 13.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,200 shares of the company’s stock after selling 5,300 shares during the quarter. Construction Partners comprises approximately 1.4% of Aubrey Capital Management Ltd’s holdings, making the stock its 19th largest position. Aubrey Capital Management Ltd owned 0.06% of Construction Partners worth $4,469,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Invesco Ltd. grew its stake in Construction Partners by 4.2% in the 2nd quarter. Invesco Ltd. now owns 1,308,761 shares of the company’s stock valued at $139,095,000 after buying an additional 52,670 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Construction Partners by 1.6% during the second quarter. Geode Capital Management LLC now owns 1,153,123 shares of the company’s stock valued at $122,568,000 after acquiring an additional 18,229 shares during the period. State Street Corp grew its position in shares of Construction Partners by 4.7% in the second quarter. State Street Corp now owns 1,112,231 shares of the company’s stock valued at $118,208,000 after purchasing an additional 49,898 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Construction Partners by 19.9% in the second quarter. American Century Companies Inc. now owns 984,879 shares of the company’s stock worth $104,673,000 after purchasing an additional 163,334 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in shares of Construction Partners by 6.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 842,535 shares of the company’s stock worth $89,545,000 after purchasing an additional 49,542 shares during the last quarter. 94.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ROAD shares. B. Riley assumed coverage on Construction Partners in a report on Thursday, January 15th. They issued a “neutral” rating and a $117.00 target price on the stock. Robert W. Baird lowered their price objective on shares of Construction Partners from $131.00 to $124.00 and set an “outperform” rating on the stock in a research note on Friday, November 21st. Bank of America cut their target price on shares of Construction Partners from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, November 21st. Zacks Research downgraded shares of Construction Partners from a “hold” rating to a “strong sell” rating in a report on Monday, January 12th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $135.00 price objective (up previously from $120.00) on shares of Construction Partners in a report on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Construction Partners has a consensus rating of “Hold” and a consensus target price of $122.20.

Construction Partners Trading Up 2.0%

Shares of Construction Partners stock opened at $111.45 on Thursday. Construction Partners, Inc. has a 12-month low of $64.79 and a 12-month high of $138.90. The stock has a market capitalization of $6.30 billion, a P/E ratio of 60.90, a price-to-earnings-growth ratio of 1.03 and a beta of 0.87. The company has a 50-day simple moving average of $109.22 and a 200 day simple moving average of $113.48. The company has a quick ratio of 1.34, a current ratio of 1.61 and a debt-to-equity ratio of 1.73.

Construction Partners (NASDAQ:ROAD) last released its quarterly earnings results on Thursday, November 20th. The company reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.04). The firm had revenue of $899.85 million during the quarter, compared to analyst estimates of $896.17 million. Construction Partners had a net margin of 3.62% and a return on equity of 14.42%. Construction Partners’s quarterly revenue was up 67.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 earnings per share. Research analysts expect that Construction Partners, Inc. will post 1.96 earnings per share for the current fiscal year.

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.