Construction Partners, Inc. $ROAD Position Trimmed by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC decreased its holdings in Construction Partners, Inc. (NASDAQ:ROAD) by 4.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 134,269 shares of the company’s stock after selling 6,960 shares during the quarter. Segall Bryant & Hamill LLC owned 0.24% of Construction Partners worth $14,920,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Morse Asset Management Inc lifted its position in shares of Construction Partners by 300.0% during the 3rd quarter. Morse Asset Management Inc now owns 240 shares of the company’s stock valued at $30,000 after acquiring an additional 180 shares during the last quarter. Danske Bank A S acquired a new position in shares of Construction Partners in the 3rd quarter worth $38,000. Harbor Investment Advisory LLC acquired a new position in shares of Construction Partners in the 1st quarter worth $39,000. Hollencrest Capital Management acquired a new stake in shares of Construction Partners during the first quarter worth $39,000. Finally, Quarry LP acquired a new stake in shares of Construction Partners during the third quarter worth $42,000. Institutional investors own 94.83% of the company’s stock.

Construction Partners Price Performance

ROAD opened at $103.35 on Friday. The stock has a fifty day moving average of $110.40 and a 200-day moving average of $116.76. The firm has a market capitalization of $5.84 billion, a P/E ratio of 45.33, a PEG 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 company has a quick ratio of 1.21, a current ratio of 1.53 and a debt-to-equity ratio of 1.75.

Construction Partners (NASDAQ:ROAD) last issued 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 return on equity of 15.22% and a net margin of 3.90%.Construction Partners’s revenue for the quarter was up 34.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 earnings per share. Equities analysts forecast that Construction Partners, Inc. will post 2.91 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on ROAD. Truist Financial began coverage on Construction Partners in a report on Wednesday, June 3rd. They set a “hold” rating and a $130.00 target price for the company. Robert W. Baird dropped their price target on Construction Partners from $169.00 to $145.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 1st. Raymond James Financial cut their price objective on Construction Partners from $161.00 to $150.00 and set a “strong-buy” rating on the stock in a report on Wednesday, July 15th. Weiss Ratings lowered shares of Construction Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Finally, Zacks Research cut shares of Construction Partners from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 16th. One investment 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 stock. According to MarketBeat.com, Construction Partners presently has a consensus rating of “Moderate Buy” and an average target price of $134.17.

Construction Partners 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.