HWG Holdings LP Cuts Position in Construction Partners, Inc. $ROAD

HWG Holdings LP lessened its position in Construction Partners, Inc. (NASDAQ:ROAD) by 74.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,842 shares of the company’s stock after selling 17,186 shares during the quarter. HWG Holdings LP’s holdings in Construction Partners were worth $634,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Invesco Ltd. boosted its holdings in shares of Construction Partners by 4.2% in the 2nd quarter. Invesco Ltd. now owns 1,308,761 shares of the company’s stock worth $139,095,000 after purchasing an additional 52,670 shares in the last quarter. State Street Corp increased its position in shares of Construction Partners by 4.7% during the 2nd quarter. State Street Corp now owns 1,112,231 shares of the company’s stock valued at $118,208,000 after purchasing an additional 49,898 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Construction Partners by 33.2% during the 3rd quarter. First Trust Advisors LP now owns 1,059,566 shares of the company’s stock valued at $134,565,000 after buying an additional 264,069 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Construction Partners by 5.6% during the 3rd quarter. American Century Companies Inc. now owns 1,039,928 shares of the company’s stock valued at $132,071,000 after buying an additional 55,049 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Construction Partners by 6.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 842,535 shares of the company’s stock worth $89,545,000 after buying an additional 49,542 shares during the last quarter. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Analyst Upgrades and Downgrades

ROAD has been the subject of several research reports. 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 target price for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Construction Partners in a research note on Monday, December 29th. Robert W. Baird set a $142.00 price objective on shares of Construction Partners in a report on Friday, February 6th. Zacks Research raised shares of Construction Partners from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 29th. Finally, DA Davidson increased their target price on shares of Construction Partners from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $127.80.

Construction Partners Trading Up 1.6%

NASDAQ ROAD opened at $112.06 on Thursday. The firm has a market cap of $6.33 billion, a PE ratio of 50.94, a price-to-earnings-growth ratio of 0.97 and a beta of 0.83. Construction Partners, Inc. has a 1-year low of $64.79 and a 1-year high of $141.90. The stock has a 50-day moving average of $121.98 and a 200-day moving average of $117.67. The company has a current ratio of 1.59, a quick ratio of 1.26 and a debt-to-equity ratio of 1.76.

Construction Partners (NASDAQ:ROAD) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.16. The business had revenue of $809.47 million for the quarter, compared to analyst estimates of $740.14 million. Construction Partners had a return on equity of 15.26% and a net margin of 3.99%.Construction Partners’s revenue for the quarter was up 44.1% compared to the same quarter last year. During the same period last year, the company earned $0.25 EPS. As a group, sell-side analysts forecast that Construction Partners, Inc. will post 1.96 EPS for the current year.

Construction Partners Company 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.