12,400 Shares in Construction Partners, Inc. (NASDAQ:ROAD) Bought by Strs Ohio

Strs Ohio acquired a new position in shares of Construction Partners, Inc. (NASDAQ:ROAD) during the 4th quarter, Holdings Channel.com reports. The firm acquired 12,400 shares of the company’s stock, valued at approximately $539,000.

Several other hedge funds have also added to or reduced their stakes in the business. Arizona State Retirement System increased its holdings in Construction Partners by 3.7% during the 4th quarter. Arizona State Retirement System now owns 12,225 shares of the company’s stock worth $532,000 after purchasing an additional 439 shares in the last quarter. NBC Securities Inc. bought a new position in Construction Partners during the 3rd quarter worth about $26,000. Operose Advisors LLC bought a new position in Construction Partners during the 3rd quarter worth about $38,000. Swiss National Bank increased its holdings in Construction Partners by 1.2% during the 3rd quarter. Swiss National Bank now owns 91,100 shares of the company’s stock worth $3,331,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Legato Capital Management LLC increased its holdings in Construction Partners by 14.6% during the 4th quarter. Legato Capital Management LLC now owns 11,935 shares of the company’s stock worth $519,000 after purchasing an additional 1,525 shares in the last quarter. Institutional investors and hedge funds own 94.83% of the company’s stock.

Construction Partners Price Performance

Shares of NASDAQ ROAD opened at $52.77 on Friday. Construction Partners, Inc. has a fifty-two week low of $24.20 and a fifty-two week high of $58.65. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 48.86, a PEG ratio of 1.33 and a beta of 0.65. The business has a 50-day moving average of $52.27 and a 200-day moving average of $45.83. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.75 and a quick ratio of 1.39.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on ROAD shares. Sidoti cut Construction Partners from a “buy” rating to a “neutral” rating and set a $59.00 price objective for the company. in a report on Thursday, March 28th. Robert W. Baird cut Construction Partners from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $46.00 to $50.00 in a report on Monday, February 12th. Finally, Stifel Nicolaus raised their price objective 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 issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus 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.