Dimensional Fund Advisors LP Purchases 105,346 Shares of Construction Partners, Inc. (NASDAQ:ROAD)

Dimensional Fund Advisors LP lifted its position in shares of Construction Partners, Inc. (NASDAQ:ROADFree Report) by 13.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 893,748 shares of the company’s stock after buying an additional 105,346 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Construction Partners were worth $38,897,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Construction Partners by 8.6% during the third quarter. Vanguard Group Inc. now owns 2,290,486 shares of the company’s stock worth $83,740,000 after purchasing an additional 181,017 shares during the period. Invesco Ltd. increased its stake in Construction Partners by 2.6% during the 3rd quarter. Invesco Ltd. now owns 2,225,619 shares of the company’s stock worth $81,369,000 after acquiring an additional 56,595 shares during the period. American Century Companies Inc. increased its stake in Construction Partners by 15.0% during the 3rd quarter. American Century Companies Inc. now owns 1,316,081 shares of the company’s stock worth $48,116,000 after acquiring an additional 172,109 shares during the period. FMR LLC increased its stake in Construction Partners by 1.0% during the 3rd quarter. FMR LLC now owns 637,763 shares of the company’s stock worth $23,317,000 after acquiring an additional 6,304 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Construction Partners by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 442,466 shares of the company’s stock worth $19,256,000 after acquiring an additional 3,647 shares during the period. Institutional investors own 94.83% of the company’s stock.

Wall Street Analyst Weigh In

ROAD has been the topic of a number of recent research reports. Sidoti lowered Construction Partners from a “buy” rating to a “neutral” rating and set a $59.00 price objective on the stock. in a research note on Thursday, March 28th. Stifel Nicolaus raised their price objective on Construction Partners from $51.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. Finally, Robert W. Baird raised their target price on Construction Partners from $50.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Two equities research 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’s stock. Based on data from MarketBeat, Construction Partners currently has an average rating of “Moderate Buy” and a consensus target price of $54.00.

Get Our Latest Analysis on Construction Partners

Construction Partners Stock Up 0.7 %

Shares of NASDAQ:ROAD opened at $59.87 on Friday. Construction Partners, Inc. has a 12-month low of $27.33 and a 12-month high of $62.35. The firm has a market cap of $3.16 billion, a P/E ratio of 51.17, a P/E/G ratio of 1.43 and a beta of 0.68. The business has a fifty day simple moving average of $55.24 and a 200 day simple moving average of $48.61. The company has a quick ratio of 1.28, a current ratio of 1.64 and a debt-to-equity ratio of 0.81.

Construction Partners (NASDAQ:ROADGet Free Report) last released its quarterly earnings results on Friday, May 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.05. The business had revenue of $371.43 million during the quarter, compared to the consensus estimate of $363.12 million. Construction Partners had a return on equity of 12.00% and a net margin of 3.68%. The company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.11) EPS. Analysts predict that Construction Partners, Inc. will post 1.41 earnings per share for the current year.

Construction Partners Profile

(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.

See Also

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

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