Construction Partners, Inc. $ROAD Holdings Reduced by EFG Asset Management North America Corp.

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. decreased its position in shares of Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 11.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. 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 filing with the SEC.

Several other institutional investors have also recently modified their holdings of the stock. Manchester Capital Management LLC raised its position in shares of Construction Partners by 9.2% during the 1st quarter. Manchester Capital Management LLC now owns 1,461 shares of the company's stock worth $105,000 after purchasing an additional 123 shares during the last quarter. Amalgamated Bank grew its stake in Construction Partners by 8.8% in the 1st quarter. Amalgamated Bank now owns 1,593 shares of the company's stock worth $114,000 after acquiring an additional 129 shares during the period. ANB Bank grew its stake in Construction Partners by 4.2% in the 1st quarter. ANB Bank now owns 4,105 shares of the company's stock worth $295,000 after acquiring an additional 164 shares during the period. Stephens Inc. AR grew its stake in Construction Partners by 2.3% in the 1st quarter. Stephens Inc. AR now owns 8,498 shares of the company's stock worth $611,000 after acquiring an additional 187 shares during the period. Finally, Nicolet Advisory Services LLC grew its stake in Construction Partners by 10.5% in the 1st quarter. Nicolet Advisory Services LLC now owns 3,035 shares of the company's stock worth $237,000 after acquiring an additional 288 shares during the period. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Construction Partners Stock Down 1.7%

Shares of Construction Partners stock traded down $2.04 during trading on Tuesday, reaching $121.44. The company had a trading volume of 138,789 shares, compared to its average volume of 553,103. The company has a market cap of $6.81 billion, a price-to-earnings ratio of 88.64, a price-to-earnings-growth ratio of 1.57 and a beta of 0.99. The firm's fifty day moving average is $109.57 and its 200-day moving average is $94.93. 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, Inc. has a fifty-two week low of $57.22 and a fifty-two week high of $124.12.

Construction Partners (NASDAQ:ROAD - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). Construction Partners had a net margin of 3.04% and a return on equity of 12.24%. 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 prior year, the company earned $0.59 EPS. Construction Partners's quarterly revenue was up 50.5% on a year-over-year basis. Construction Partners has set its FY 2025 guidance at EPS. On average, analysts anticipate that Construction Partners, Inc. will post 1.96 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Robert W. Baird set a $122.00 price objective on shares of Construction Partners and gave the company an "outperform" rating in a research note on Friday, August 8th. Baird R W raised shares of Construction Partners from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 8th. Finally, Raymond James Financial restated a "strong-buy" rating on shares of Construction Partners in a report on Friday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $112.33.

About Construction Partners

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.