Vanguard Group Inc. Sells 350,286 Shares of Construction Partners, Inc. $ROAD

Vanguard Group Inc. lessened its stake in shares of Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 7.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,218,469 shares of the company's stock after selling 350,286 shares during the period. Vanguard Group Inc. owned 7.46% of Construction Partners worth $457,915,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Horizon Corp grew its holdings in Construction Partners by 120.1% in the fourth quarter. First Horizon Corp now owns 854 shares of the company's stock worth $93,000 after purchasing an additional 466 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Construction Partners by 219.6% during the fourth quarter. State of Alaska Department of Revenue now owns 8,265 shares of the company's stock valued at $896,000 after purchasing an additional 5,679 shares during the period. Brookwood Investment Group LLC boosted its position in shares of Construction Partners by 16.2% during the 4th quarter. Brookwood Investment Group LLC now owns 3,580 shares of the company's stock worth $389,000 after purchasing an additional 500 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of Construction Partners during the 4th quarter worth about $125,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Construction Partners by 244.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,145 shares of the company's stock valued at $233,000 after buying an additional 1,523 shares during the period. 94.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on ROAD shares. B. Riley Financial raised Construction Partners from a "neutral" rating to a "buy" rating and upped their price target for the stock from $117.00 to $135.00 in a research note on Thursday, April 2nd. DA Davidson raised their price objective on Construction Partners from $120.00 to $130.00 and gave the company a "neutral" rating in a research note on Friday, February 6th. Weiss Ratings upgraded Construction Partners from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, April 21st. Robert W. Baird set a $142.00 target price on Construction Partners in a research report on Friday, February 6th. Finally, Raymond James Financial reissued a "strong-buy" rating and issued a $140.00 price target on shares of Construction Partners in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $132.40.

Construction Partners Stock Up 5.1%

ROAD opened at $131.62 on Wednesday. Construction Partners, Inc. has a fifty-two week low of $87.79 and a fifty-two week high of $141.90. The firm has a market capitalization of $7.44 billion, a P/E ratio of 59.83, a PEG ratio of 1.11 and a beta of 0.92. The company's 50-day moving average is $119.23 and its 200 day moving average is $115.71. 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 (NASDAQ:ROAD - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.31 by $0.16. Construction Partners had a net margin of 3.99% and a return on equity of 15.26%. The firm had revenue of $809.47 million during the quarter, compared to analyst estimates of $740.14 million. During the same quarter last year, the business posted $0.25 EPS. The company's revenue for the quarter was up 44.1% on a year-over-year basis. Research analysts expect that Construction Partners, Inc. will post 2.87 earnings per share for the current fiscal year.

Construction Partners 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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