Construction Partners, Inc. $ROAD Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its holdings in Construction Partners, Inc. (NASDAQ:ROAD) by 11.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 587,477 shares of the company’s stock after purchasing an additional 58,908 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Construction Partners were worth $65,271,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Swiss National Bank raised its stake in shares of Construction Partners by 1.2% during the first quarter. Swiss National Bank now owns 94,900 shares of the company’s stock valued at $10,545,000 after purchasing an additional 1,100 shares during the period. ANB Bank grew its position in shares of Construction Partners by 3.4% during the first quarter. ANB Bank now owns 4,258 shares of the company’s stock worth $473,000 after acquiring an additional 140 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Construction Partners by 19.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 967,350 shares of the company’s stock worth $109,214,000 after purchasing an additional 156,469 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Construction Partners by 3.2% in the 1st quarter. Bank of New York Mellon Corp now owns 579,757 shares of the company’s stock worth $64,423,000 after buying an additional 17,851 shares in the last quarter. Finally, NFSG Corp boosted its position in Construction Partners by 8.7% during the 1st quarter. NFSG Corp now owns 1,251 shares of the company’s stock worth $139,000 after acquiring an additional 100 shares during the period. 94.83% of the stock is owned by institutional investors and hedge funds.

Construction Partners Stock Performance

NASDAQ:ROAD opened at $103.35 on Friday. The firm’s 50-day moving average is $110.40 and its 200-day moving average is $116.76. The company has a market cap of $5.84 billion, a price-to-earnings ratio of 45.33, a PEG ratio of 0.86 and a beta of 0.88. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.21 and a current ratio of 1.53. Construction Partners, Inc. has a 52-week low of $93.22 and a 52-week high of $151.00.

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

Analyst Upgrades and Downgrades

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