Citigroup Inc. Has $1.93 Million Position in Construction Partners, Inc. $ROAD

Key Points

• Citigroup cut its stake in Construction Partners by 63.6% during Q3, leaving it with 15,157 shares valued at about $1.93 million, while institutional investors still own roughly 94.83% of the stock.
• Construction Partners reported a quarterly EPS beat of $0.47 versus $0.31 expected and revenue of $809.47 million (up 44.1% year‑over‑year), with analysts forecasting about 1.96 EPS for the fiscal year.
• Shares opened at $118.09 and were down about 6%, the company has a market cap of $6.67 billion and a P/E of 53.68, and the consensus analyst target is $127.80 with an average rating of "Moderate Buy."

Citigroup Inc. cut its stake in Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 63.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,157 shares of the company's stock after selling 26,507 shares during the quarter. Citigroup Inc.'s holdings in Construction Partners were worth $1,925,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. TD Waterhouse Canada Inc. acquired a new position in Construction Partners in the 3rd quarter valued at about $25,000. AlphaQuest LLC lifted its position in Construction Partners by 292.5% during the third quarter. AlphaQuest LLC now owns 208 shares of the company's stock worth $26,000 after acquiring an additional 155 shares during the last quarter. MAI Capital Management acquired a new stake in Construction Partners during the second quarter worth approximately $44,000. Mather Group LLC. bought a new stake in Construction Partners in the 3rd quarter valued at $47,000. Finally, First Horizon Corp acquired a new position in Construction Partners in the 3rd quarter valued at $49,000. Institutional investors and hedge funds own 94.83% of the company's stock.

Construction Partners Stock Down 6.0%

Shares of ROAD opened at $118.09 on Monday. The firm has a 50 day simple moving average of $121.19 and a two-hundred day simple moving average of $118.05. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.59 and a quick ratio of 1.26. Construction Partners, Inc. has a one year low of $64.79 and a one year high of $141.90. The company has a market cap of $6.67 billion, a P/E ratio of 53.68, a P/E/G ratio of 1.05 and a beta of 0.83.

Construction Partners (NASDAQ:ROAD - Get Free Report) last issued its earnings results on Thursday, February 5th. The company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.16. Construction Partners had a return on equity of 15.26% and a net margin of 3.99%.The firm had revenue of $809.47 million for the quarter, compared to the consensus estimate of $740.14 million. During the same quarter last year, the business posted $0.25 EPS. The company's revenue was up 44.1% compared to the same quarter last year. Research analysts forecast that Construction Partners, Inc. will post 1.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ROAD has been the subject of a number of research reports. Zacks Research raised Construction Partners from a "strong sell" rating to a "strong-buy" rating in a report on Thursday, January 29th. Bank of America lowered their target price on shares of Construction Partners from $120.00 to $115.00 and set a "buy" rating on the stock in a report on Friday, November 21st. 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. Robert W. Baird set a $142.00 price target on Construction Partners in a research report on Friday, February 6th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Construction Partners in a research report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $127.80.

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.

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