Construction Partners, Inc. $ROAD Shares Sold by Geneva Capital Management LLC

Geneva Capital Management LLC reduced its stake in shares of Construction Partners, Inc. (NASDAQ:ROAD) by 16.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,814,971 shares of the company’s stock after selling 349,808 shares during the quarter. Construction Partners accounts for 4.0% of Geneva Capital Management LLC’s holdings, making the stock its 2nd biggest holding. Geneva Capital Management LLC owned approximately 3.24% of Construction Partners worth $230,501,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of ROAD. AQR Capital Management LLC lifted its position in Construction Partners by 14.4% during the first quarter. AQR Capital Management LLC now owns 10,333 shares of the company’s stock worth $743,000 after purchasing an additional 1,302 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Construction Partners by 11.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 96,191 shares of the company’s stock worth $6,913,000 after acquiring an additional 9,656 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of Construction Partners by 11.4% during the 1st quarter. Intech Investment Management LLC now owns 24,292 shares of the company’s stock worth $1,746,000 after acquiring an additional 2,482 shares in the last quarter. Strs Ohio bought a new position in Construction Partners in the first quarter valued at approximately $165,000. Finally, Bank of Montreal Can bought a new position in Construction Partners in the second quarter valued at approximately $229,000. Institutional investors own 94.83% of the company’s stock.

Construction Partners Trading Down 0.8%

Shares of ROAD stock opened at $122.52 on Wednesday. Construction Partners, Inc. has a twelve month low of $64.79 and a twelve month high of $141.90. The stock’s fifty day simple moving average is $121.68 and its 200 day simple moving average is $118.12. The company has a quick ratio of 1.26, a current ratio of 1.59 and a debt-to-equity ratio of 1.76. The firm has a market capitalization of $6.92 billion, a P/E ratio of 55.69, a P/E/G ratio of 1.10 and a beta of 0.83.

Construction Partners (NASDAQ:ROAD) last posted its earnings results 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 return on equity of 15.26% and a net margin of 3.99%.The firm had revenue of $809.47 million during the quarter, compared to the consensus estimate of $740.14 million. During the same period last year, the company earned $0.25 earnings per share. The business’s quarterly revenue was up 44.1% on a year-over-year basis. As a group, sell-side analysts predict that Construction Partners, Inc. will post 1.96 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on ROAD. DA Davidson raised their target price on Construction Partners from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, February 6th. Bank of America lowered their price target on Construction Partners from $120.00 to $115.00 and set a “buy” rating for the company in a report on Friday, November 21st. Robert W. Baird set a $142.00 price objective on Construction Partners in a research report on Friday, February 6th. B. Riley Financial began coverage on Construction Partners in a research note on Thursday, January 15th. They issued a “neutral” rating and a $117.00 price objective on the stock. Finally, Zacks Research raised Construction Partners from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 29th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Construction Partners has a consensus rating of “Moderate Buy” and an average target price of $127.80.

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.