American Century Companies Inc. cut its position in shares of Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 4.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 821,545 shares of the company's stock after selling 41,083 shares during the period. American Century Companies Inc. owned about 1.47% of Construction Partners worth $59,045,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Manchester Capital Management LLC boosted its position in Construction Partners by 9.2% during the first quarter. Manchester Capital Management LLC now owns 1,461 shares of the company's stock valued at $105,000 after purchasing an additional 123 shares during the last quarter. Amalgamated Bank grew its stake in shares of Construction Partners by 8.8% in the first quarter. Amalgamated Bank now owns 1,593 shares of the company's stock valued at $114,000 after acquiring an additional 129 shares in the last quarter. ANB Bank raised its holdings in shares of Construction Partners by 4.2% during the 1st quarter. ANB Bank now owns 4,105 shares of the company's stock worth $295,000 after buying an additional 164 shares in the last quarter. Stephens Inc. AR boosted its stake in shares of Construction Partners by 2.3% in the 1st quarter. Stephens Inc. AR now owns 8,498 shares of the company's stock valued at $611,000 after purchasing an additional 187 shares in the last quarter. Finally, Nicolet Advisory Services LLC lifted its stake in shares of Construction Partners by 10.5% in the 1st quarter. Nicolet Advisory Services LLC now owns 3,035 shares of the company's stock valued at $237,000 after acquiring an additional 288 shares during the last quarter. 94.83% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the company. 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 Construction Partners and gave the company an "outperform" rating in a research note on Friday, August 8th. Finally, Baird R W upgraded shares of Construction Partners from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Construction Partners presently has a consensus rating of "Buy" and an average target price of $112.33.
Read Our Latest Stock Analysis on ROAD
Construction Partners Stock Up 1.0%
Shares of ROAD traded up $1.20 during mid-day trading on Thursday, reaching $115.98. The company had a trading volume of 581,974 shares, compared to its average volume of 656,442. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.20 and a current ratio of 1.47. The company has a market capitalization of $6.51 billion, a price-to-earnings ratio of 84.66, a price-to-earnings-growth ratio of 1.47 and a beta of 1.00. The firm has a 50-day moving average price of $105.93 and a 200 day moving average price of $91.35. Construction Partners, Inc. has a 52 week low of $56.52 and a 52 week high of $119.99.
Construction Partners (NASDAQ:ROAD - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). The firm had revenue of $779.28 million for the quarter, compared to the consensus estimate of $810.47 million. Construction Partners had a net margin of 3.04% and a return on equity of 12.24%. Construction Partners's revenue was up 50.5% on a year-over-year basis. During the same period last year, the business earned $0.59 EPS. Construction Partners has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Construction Partners, Inc. will post 1.96 EPS for the current year.
About Construction Partners
(
Free Report)
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.
See Also
Before you consider Construction Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Construction Partners wasn't on the list.
While Construction Partners currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access