EFG Asset Management North America Corp. Has $4.32 Million Stake in Construction Partners, Inc. $ROAD

Key Points

• EFG Asset Management North America Corp. reduced its holdings in Construction Partners, Inc. by 11.7%, owning approximately 60,157 shares worth $4.32 million after selling 7,933 shares in Q1.
• Recent analyst ratings include a "strong-buy" from Raymond James and a new price target of $122.00 from Robert W. Baird, contributing to a consensus rating of "Buy" for the stock.
• Construction Partners recently reported Q2 earnings with an EPS of $0.81, missing the consensus estimate of $0.87, while revenue increased 50.5% year-over-year to $779.28 million.

EFG Asset Management North America Corp. lowered its stake in shares of Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 11.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 60,157 shares of the company's stock after selling 7,933 shares during the quarter. EFG Asset Management North America Corp. owned approximately 0.11% of Construction Partners worth $4,323,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in ROAD. Montag A & Associates Inc. acquired a new position in Construction Partners during the 1st quarter valued at about $29,000. Versant Capital Management Inc acquired a new position in Construction Partners during the 1st quarter valued at about $30,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Construction Partners during the 1st quarter valued at about $60,000. SVB Wealth LLC acquired a new position in Construction Partners during the 1st quarter valued at about $80,000. Finally, Golden State Wealth Management LLC lifted its position in Construction Partners by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 1,126 shares of the company's stock valued at $81,000 after purchasing an additional 563 shares during the period. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ROAD has been the topic of a number of research reports. Raymond James Financial restated a "strong-buy" rating on shares of Construction Partners in a research report on Friday, August 8th. Baird R W upgraded shares of Construction Partners from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 8th. Finally, Robert W. Baird set a $122.00 target price on shares of Construction Partners and gave the company an "outperform" rating in a research report on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $112.33.

Construction Partners Trading Up 0.8%

NASDAQ ROAD traded up $1.02 during trading on Monday, reaching $123.48. 359,289 shares of the stock traded hands, compared to its average volume of 555,600. The firm has a market cap of $6.93 billion, a price-to-earnings ratio of 90.13, a price-to-earnings-growth ratio of 1.57 and a beta of 0.99. The stock's 50-day moving average price is $109.22 and its 200 day moving average price is $94.57. The company has a quick ratio of 1.20, a current ratio of 1.47 and a debt-to-equity ratio of 1.63. Construction Partners, Inc. has a fifty-two week low of $56.80 and a fifty-two week high of $124.12.

Construction Partners (NASDAQ:ROAD - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The firm had revenue of $779.28 million for the quarter, compared to analyst estimates of $810.47 million. Construction Partners had a net margin of 3.04% and a return on equity of 12.24%. The firm's revenue for the quarter was up 50.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 EPS. Construction Partners has set its FY 2025 guidance at EPS. Analysts predict that Construction Partners, Inc. will post 1.96 EPS for the current year.

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.