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

TimesSquare Capital Management LLC lessened its holdings in Construction Partners, Inc. (NASDAQ:ROAD) by 16.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 208,046 shares of the company’s stock after selling 40,889 shares during the quarter. TimesSquare Capital Management LLC owned approximately 0.37% of Construction Partners worth $26,422,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. acquired a new position in shares of Construction Partners in the 3rd quarter valued at about $25,000. AlphaQuest LLC grew its holdings in shares of Construction Partners by 292.5% during the third quarter. AlphaQuest LLC now owns 208 shares of the company’s stock valued at $26,000 after purchasing an additional 155 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Construction Partners by 2,750.0% during 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. Mather Group LLC. bought a new stake in shares of Construction Partners in the 3rd quarter worth approximately $47,000. Finally, First Horizon Corp acquired a new position in Construction Partners during the 3rd quarter valued at approximately $49,000. Institutional investors own 94.83% of the company’s stock.

Construction Partners Price Performance

Shares of NASDAQ ROAD opened at $133.93 on Friday. The stock has a market cap of $7.57 billion, a P/E ratio of 60.88, a P/E/G ratio of 1.25 and a beta of 0.87. The firm’s 50-day simple moving average is $114.29 and its 200 day simple moving average is $115.22. Construction Partners, Inc. has a fifty-two week low of $64.79 and a fifty-two week high of $141.90. The company has a quick ratio of 1.34, a current ratio of 1.59 and a debt-to-equity ratio of 1.76.

Construction Partners (NASDAQ:ROAD) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. The company had revenue of $809.47 million for the quarter, compared to the consensus estimate of $740.14 million. Construction Partners had a net margin of 3.99% and a return on equity of 15.26%. Construction Partners’s revenue was up 44.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 EPS. Equities analysts expect that Construction Partners, Inc. will post 1.96 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ROAD shares. DA Davidson increased their target price on Construction Partners from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. B. Riley Financial started coverage on shares of Construction Partners in a research report on Thursday, January 15th. They set a “neutral” rating and a $117.00 price target for the company. Bank of America cut their price objective on shares of Construction Partners from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, November 21st. Raymond James Financial restated a “strong-buy” rating and issued a $135.00 target price (up previously from $120.00) on shares of Construction Partners in a research report on Tuesday, October 21st. Finally, Robert W. Baird set a $142.00 price target on shares of Construction Partners in a research note on Friday, February 6th. Two 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 stock. According to data from MarketBeat, Construction Partners currently has an average rating of “Moderate Buy” and a consensus price target of $127.80.

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.