Universal Beteiligungs und Servicegesellschaft mbH Buys 9,435 Shares of Construction Partners, Inc. $ROAD

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Construction Partners, Inc. (NASDAQ:ROAD) by 10.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 100,106 shares of the company’s stock after purchasing an additional 9,435 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Construction Partners were worth $12,713,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd boosted its stake in Construction Partners by 2,750.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 285 shares of the company’s stock worth $30,000 after purchasing an additional 275 shares during the period. MAI Capital Management bought a new stake in shares of Construction Partners during the second quarter valued at about $44,000. Hazlett Burt & Watson Inc. lifted its holdings in shares of Construction Partners by 88.9% in the second quarter. Hazlett Burt & Watson Inc. now owns 425 shares of the company’s stock worth $45,000 after buying an additional 200 shares in the last quarter. Mather Group LLC. bought a new position in shares of Construction Partners in the third quarter valued at approximately $47,000. Finally, First Horizon Corp purchased a new position in Construction Partners during the third quarter valued at approximately $49,000. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on ROAD. Bank of America lowered their target price on shares of Construction Partners from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, November 21st. B. Riley assumed coverage on shares of Construction Partners in a report on Thursday, January 15th. They issued a “neutral” rating and a $117.00 price target on the stock. Robert W. Baird dropped their price objective on Construction Partners from $131.00 to $124.00 and set an “outperform” rating for the company in a research note on Friday, November 21st. DA Davidson restated a “neutral” rating and set a $120.00 target price on shares of Construction Partners in a research report on Friday, November 21st. Finally, Zacks Research cut Construction Partners from a “hold” rating to a “strong sell” rating in a report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Construction Partners presently has a consensus rating of “Hold” and an average price target of $122.20.

Construction Partners Stock Performance

NASDAQ ROAD opened at $110.97 on Friday. Construction Partners, Inc. has a 52-week low of $64.79 and a 52-week high of $138.90. The company has a fifty day moving average of $109.47 and a 200-day moving average of $113.58. The company has a market capitalization of $6.27 billion, a P/E ratio of 60.64, a P/E/G ratio of 1.05 and a beta of 0.87. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.34 and a current ratio of 1.61.

Construction Partners (NASDAQ:ROAD) last released its quarterly earnings results on Thursday, November 20th. The company reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.04). Construction Partners had a net margin of 3.62% and a return on equity of 14.42%. The firm had revenue of $899.85 million for the quarter, compared to analysts’ expectations of $896.17 million. During the same quarter in the previous year, the business earned $0.56 EPS. The company’s revenue for the quarter was up 67.2% on a year-over-year basis. As a group, equities research analysts predict that Construction Partners, Inc. will post 1.96 EPS for the current fiscal 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.