Construction Partners, Inc. $ROAD Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. reduced its stake in Construction Partners, Inc. (NASDAQ:ROAD) by 5.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,502 shares of the company’s stock after selling 5,432 shares during the period. Asset Management One Co. Ltd. owned approximately 0.17% of Construction Partners worth $10,985,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ROAD. B. Riley Financial upgraded shares of Construction Partners from a “neutral” rating to a “buy” rating and raised their target price for the stock from $117.00 to $135.00 in a research report on Thursday, April 2nd. DA Davidson boosted their price target on Construction Partners from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. Zacks Research raised Construction Partners from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, January 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Construction Partners in a research note on Monday, December 29th. Finally, Robert W. Baird set a $142.00 price objective on shares of Construction Partners in a report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Construction Partners currently has an average rating of “Buy” and an average price target of $131.40.

Construction Partners Stock Up 1.5%

Shares of Construction Partners stock opened at $127.55 on Tuesday. The stock has a market capitalization of $7.21 billion, a P/E ratio of 57.98, a PEG ratio of 1.11 and a beta of 0.92. The stock has a 50 day moving average price of $121.20 and a two-hundred day moving average price of $115.79. Construction Partners, Inc. has a 12-month low of $71.62 and a 12-month high of $141.90. The company has a quick ratio of 1.26, a current ratio of 1.59 and a debt-to-equity ratio of 1.76.

Construction Partners (NASDAQ:ROAD) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. The company had revenue of $809.47 million during the quarter, compared to analyst estimates of $740.14 million. Construction Partners had a return on equity of 15.26% and a net margin of 3.99%.The company’s quarterly revenue was up 44.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 earnings per share. Equities analysts expect that Construction Partners, Inc. will post 2.89 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.