Construction Partners, Inc. (NASDAQ:ROAD) Stock Position Lifted by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its position in Construction Partners, Inc. (NASDAQ:ROADFree Report) by 1,050.7% during the third quarter, Holdings Channel reports. The institutional investor owned 190,160 shares of the company’s stock after buying an additional 173,635 shares during the quarter. New York State Common Retirement Fund’s holdings in Construction Partners were worth $6,952,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. NBC Securities Inc. acquired a new stake in shares of Construction Partners during the third quarter worth $26,000. Public Employees Retirement System of Ohio raised its position in shares of Construction Partners by 40.4% during the third quarter. Public Employees Retirement System of Ohio now owns 1,102 shares of the company’s stock worth $29,000 after purchasing an additional 317 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Construction Partners by 304.5% during the first quarter. Tower Research Capital LLC TRC now owns 1,169 shares of the company’s stock worth $31,000 after purchasing an additional 880 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Construction Partners during the first quarter worth $36,000. Finally, Captrust Financial Advisors raised its position in shares of Construction Partners by 37.1% during the second quarter. Captrust Financial Advisors now owns 2,223 shares of the company’s stock worth $47,000 after purchasing an additional 602 shares during the period. Institutional investors own 77.19% of the company’s stock.

Construction Partners Stock Performance

Shares of ROAD stock opened at $46.81 on Friday. Construction Partners, Inc. has a 1-year low of $24.12 and a 1-year high of $50.70. The company has a current ratio of 1.70, a quick ratio of 1.39 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 50.33 and a beta of 0.64. The stock’s fifty day simple moving average is $43.56 and its 200-day simple moving average is $39.32.

Construction Partners (NASDAQ:ROADGet Free Report) last issued its earnings results on Friday, February 9th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. Construction Partners had a return on equity of 10.27% and a net margin of 3.13%. The firm had revenue of $396.51 million for the quarter, compared to the consensus estimate of $393.62 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, sell-side analysts predict that Construction Partners, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling at Construction Partners

In other Construction Partners news, Director Craig Jennings sold 50,000 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $42.64, for a total value of $2,132,000.00. Following the transaction, the director now owns 50,000 shares in the company, valued at $2,132,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 18.80% of the company’s stock.

Analyst Upgrades and Downgrades

ROAD has been the topic of a number of research analyst reports. Stifel Nicolaus lifted their price target on Construction Partners from $45.00 to $51.00 and gave the company a “buy” rating in a report on Tuesday, December 19th. Raymond James lifted their price target on Construction Partners from $45.00 to $49.00 and gave the company a “strong-buy” rating in a report on Friday, December 1st.

Get Our Latest Report on ROAD

About Construction Partners

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding ROAD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Construction Partners, Inc. (NASDAQ:ROADFree Report).

Institutional Ownership by Quarter for Construction Partners (NASDAQ:ROAD)

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