Segall Bryant & Hamill LLC Has $14.92 Million Position in Construction Partners, Inc. $ROAD

Segall Bryant & Hamill LLC cut its stake in shares of Construction Partners, Inc. (NASDAQ:ROAD) by 4.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 134,269 shares of the company’s stock after selling 6,960 shares during the period. Segall Bryant & Hamill LLC’s holdings in Construction Partners were worth $14,920,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC lifted its position in Construction Partners by 11.5% in the 1st quarter. Janus Henderson Group PLC now owns 22,367 shares of the company’s stock worth $2,488,000 after buying an additional 2,300 shares in the last quarter. Amundi acquired a new stake in shares of Construction Partners during the 1st quarter valued at $392,000. California State Teachers Retirement System grew its holdings in shares of Construction Partners by 23.8% during the 1st quarter. California State Teachers Retirement System now owns 55,972 shares of the company’s stock valued at $6,220,000 after acquiring an additional 10,759 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Construction Partners during the 1st quarter valued at $292,000. Finally, Engle Capital Management L.P. increased its stake in shares of Construction Partners by 10.8% in the first quarter. Engle Capital Management L.P. now owns 205,000 shares of the company’s stock worth $22,780,000 after acquiring an additional 20,000 shares during the last quarter. Institutional investors and hedge funds own 94.83% of the company’s stock.

Construction Partners Stock Performance

ROAD stock opened at $103.35 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.53 and a debt-to-equity ratio of 1.75. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of 45.33, a P/E/G ratio of 0.87 and a beta of 0.88. Construction Partners, Inc. has a 12 month low of $93.22 and a 12 month high of $151.00. The firm has a 50 day moving average of $110.40 and a two-hundred day moving average of $116.76.

Construction Partners (NASDAQ:ROAD) last released its quarterly earnings results on Friday, May 8th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.23. The business had revenue of $769.20 million for the quarter, compared to the consensus estimate of $678.46 million. Construction Partners had a net margin of 3.90% and a return on equity of 15.22%. Construction Partners’s revenue for the quarter was up 34.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.08 EPS. As a group, equities analysts anticipate that Construction Partners, Inc. will post 2.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Robert W. Baird cut their price objective on Construction Partners from $169.00 to $145.00 and set an “outperform” rating for the company in a report on Wednesday, July 1st. Weiss Ratings downgraded Construction Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Raymond James Financial dropped their target price on Construction Partners from $161.00 to $150.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, July 15th. Zacks Research downgraded Construction Partners from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 16th. Finally, Truist Financial started coverage on Construction Partners in a research note on Wednesday, June 3rd. They set a “hold” rating and a $130.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Construction Partners currently has an average rating of “Moderate Buy” and an average target price of $134.17.

About Construction Partners

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.