Paradoxiom Capital L.P. Cuts Stock Holdings in Construction Partners, Inc. $ROAD

Key Points

• Paradoxiom Capital L.P. reduced its shareholding in Construction Partners, Inc. by 21.4% in Q1, now owning 47,726 shares valued at approximately $3.43 million.
• Construction Partners reported earnings of $0.81 per share for the last quarter, missing estimates by $0.06 despite a 50.5% revenue increase compared to the prior year.
• Several analysts have given Construction Partners a average rating of "Buy", with a consensus target price of $112.33.

Paradoxiom Capital L.P. reduced its holdings in shares of Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 21.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,726 shares of the company's stock after selling 12,993 shares during the period. Construction Partners accounts for approximately 2.2% of Paradoxiom Capital L.P.'s investment portfolio, making the stock its 28th biggest holding. Paradoxiom Capital L.P. owned approximately 0.09% of Construction Partners worth $3,430,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Teacher Retirement System of Texas bought a new stake in shares of Construction Partners during the 1st quarter valued at about $491,000. Asset Management One Co. Ltd. boosted its holdings in shares of Construction Partners by 15.5% during the 1st quarter. Asset Management One Co. Ltd. now owns 76,119 shares of the company's stock worth $5,471,000 after buying an additional 10,226 shares in the last quarter. Tyro Capital Management LLC boosted its holdings in shares of Construction Partners by 20.1% during the 4th quarter. Tyro Capital Management LLC now owns 242,309 shares of the company's stock worth $21,435,000 after buying an additional 40,608 shares in the last quarter. LPL Financial LLC grew its position in shares of Construction Partners by 16.3% during the 1st quarter. LPL Financial LLC now owns 45,371 shares of the company's stock worth $3,261,000 after buying an additional 6,365 shares during the period. Finally, Swiss National Bank increased its stake in shares of Construction Partners by 5.7% in the 1st quarter. Swiss National Bank now owns 91,000 shares of the company's stock valued at $6,540,000 after acquiring an additional 4,900 shares in the last quarter. 94.83% of the stock is owned by institutional investors.

Construction Partners Stock Up 0.8%

Shares of Construction Partners stock traded up $1.05 during trading hours on Thursday, reaching $124.91. The company's stock had a trading volume of 395,627 shares, compared to its average volume of 552,591. The company has a market capitalization of $7.01 billion, a P/E ratio of 91.18, a P/E/G ratio of 1.59 and a beta of 0.99. The stock's fifty day simple moving average is $110.24 and its two-hundred day simple moving average is $95.30. Construction Partners, Inc. has a one year low of $61.31 and a one year high of $125.68. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.20 and a current ratio of 1.47.

Construction Partners (NASDAQ:ROAD - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). Construction Partners had a return on equity of 12.24% and a net margin of 3.04%.The business had revenue of $779.28 million for the quarter, compared to the consensus estimate of $810.47 million. During the same period in the previous year, the firm earned $0.59 earnings per share. The company's revenue was up 50.5% on a year-over-year basis. Construction Partners has set its FY 2025 guidance at EPS. On average, research analysts forecast that Construction Partners, Inc. will post 1.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

ROAD has been the topic of several research analyst reports. Raymond James Financial reissued a "strong-buy" rating on shares of Construction Partners in a research note on Friday, August 8th. Robert W. Baird set a $122.00 price objective on shares of Construction Partners and gave the stock an "outperform" rating in a research report on Friday, August 8th. Finally, Baird R W upgraded Construction Partners from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Construction Partners presently has a consensus rating of "Buy" and an average price target of $112.33.

Construction Partners Profile

Construction Partners, Inc, a civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company provides various products and services to public and private infrastructure projects, such as highways, roads, bridges, airports, and commercial and residential developments.