Construction Partners, Inc. (NASDAQ:ROAD) Shares Sold by Natixis Advisors L.P.

Natixis Advisors L.P. lowered its stake in Construction Partners, Inc. (NASDAQ:ROAD) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 629,529 shares of the company’s stock after selling 12,881 shares during the quarter. Natixis Advisors L.P. owned about 1.19% of Construction Partners worth $27,397,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of ROAD. Beck Bode LLC acquired a new stake in shares of Construction Partners in the fourth quarter valued at $292,000. Marco Investment Management LLC acquired a new stake in shares of Construction Partners in the fourth quarter valued at $225,000. Truist Financial Corp lifted its holdings in shares of Construction Partners by 8.1% in the fourth quarter. Truist Financial Corp now owns 69,495 shares of the company’s stock valued at $3,024,000 after buying an additional 5,202 shares during the period. Semanteon Capital Management LP acquired a new stake in shares of Construction Partners in the fourth quarter valued at $1,147,000. Finally, Cornerstone Investment Partners LLC acquired a new stake in shares of Construction Partners in the fourth quarter valued at $209,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Construction Partners Stock Performance

Shares of NASDAQ ROAD opened at $51.50 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.39 and a current ratio of 1.75. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 47.69, a P/E/G ratio of 1.33 and a beta of 0.68. The business’s 50-day simple moving average is $52.79 and its 200-day simple moving average is $46.29. Construction Partners, Inc. has a 52 week low of $24.20 and a 52 week high of $58.65.

Construction Partners (NASDAQ:ROAD) last released its earnings results on Friday, February 9th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The firm had revenue of $396.51 million for the quarter, compared to analyst estimates of $393.62 million. Construction Partners had a return on equity of 11.56% and a net margin of 3.52%. The company’s revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.04 EPS. As a group, equities research analysts expect that Construction Partners, Inc. will post 1.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ROAD has been the subject of several analyst reports. Robert W. Baird downgraded Construction Partners from an “outperform” rating to a “neutral” rating and upped their target price for the company from $46.00 to $50.00 in a report on Monday, February 12th. Sidoti downgraded Construction Partners from a “buy” rating to a “neutral” rating and set a $59.00 target price for the company. in a report on Thursday, March 28th. Finally, Stifel Nicolaus upped their target price on Construction Partners from $51.00 to $57.00 and gave the company a “buy” rating in a report on Monday, February 12th. Two analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Construction Partners has an average rating of “Moderate Buy” and a consensus target price of $52.00.

Construction Partners Company Profile

Construction Partners, Inc, a civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company provides various products and services to public and private infrastructure projects, such as highways, roads, bridges, airports, and commercial and residential developments.