Construction Partners, Inc. $ROAD Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC lowered its stake in shares of Construction Partners, Inc. (NASDAQ:ROAD) by 38.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,825 shares of the company’s stock after selling 7,280 shares during the period. Avior Wealth Management LLC’s holdings in Construction Partners were worth $1,284,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ROAD. TD Waterhouse Canada Inc. purchased a new position in shares of Construction Partners in the 3rd quarter worth about $25,000. AlphaQuest LLC lifted its stake in shares of Construction Partners by 292.5% in the 3rd quarter. AlphaQuest LLC now owns 208 shares of the company’s stock valued at $26,000 after purchasing an additional 155 shares in the last quarter. Morse Asset Management Inc grew its holdings in shares of Construction Partners by 300.0% during the 3rd quarter. Morse Asset Management Inc now owns 240 shares of the company’s stock worth $30,000 after purchasing an additional 180 shares during the period. Danske Bank A S acquired a new stake in Construction Partners during the 3rd quarter worth approximately $38,000. Finally, Quarry LP acquired a new stake in Construction Partners during the 3rd quarter worth approximately $42,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Construction Partners Stock Down 7.3%

Shares of Construction Partners stock opened at $104.92 on Friday. Construction Partners, Inc. has a 1-year low of $64.79 and a 1-year high of $141.90. The company has a market capitalization of $5.93 billion, a PE ratio of 47.69, a P/E/G ratio of 0.93 and a beta of 0.83. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.59 and a quick ratio of 1.26. The business has a 50-day moving average of $122.22 and a 200-day moving average of $117.84.

Construction Partners (NASDAQ:ROAD) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.31 by $0.16. Construction Partners had a return on equity of 15.26% and a net margin of 3.99%.The business had revenue of $809.47 million for the quarter, compared to analysts’ expectations of $740.14 million. During the same quarter in the previous year, the firm posted $0.25 earnings per share. The company’s revenue was up 44.1% compared to the same quarter last year. As a group, equities analysts forecast that Construction Partners, Inc. will post 1.96 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on ROAD. DA Davidson lifted their price target on shares of Construction Partners from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Construction Partners in a research report on Monday, December 29th. Robert W. Baird set a $142.00 target price on shares of Construction Partners in a research note on Friday, February 6th. Zacks Research upgraded shares of Construction Partners from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 29th. Finally, B. Riley Financial started coverage on shares of Construction Partners in a research report on Thursday, January 15th. They set a “neutral” rating and a $117.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Construction Partners has a consensus rating of “Moderate Buy” and an average target price of $127.80.

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.