Construction Partners, Inc. (NASDAQ:ROAD) Shares Sold by Simplicity Solutions LLC

Simplicity Solutions LLC lessened its holdings in shares of Construction Partners, Inc. (NASDAQ:ROAD) by 2.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,564 shares of the company’s stock after selling 460 shares during the quarter. Simplicity Solutions LLC’s holdings in Construction Partners were worth $677,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. NBC Securities Inc. acquired a new stake in shares of Construction Partners during the third quarter worth about $26,000. Public Employees Retirement System of Ohio increased its stake 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 buying an additional 317 shares during the period. Tower Research Capital LLC TRC increased its stake 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 buying an additional 880 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Construction Partners during the first quarter worth approximately $36,000. Finally, Operose Advisors LLC purchased a new stake in shares of Construction Partners during the third quarter worth approximately $38,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Construction Partners Stock Performance

Shares of ROAD opened at $52.94 on Thursday. The company has a current ratio of 1.75, a quick ratio of 1.39 and a debt-to-equity ratio of 0.82. The firm has a market cap of $2.79 billion, a PE ratio of 49.02, a price-to-earnings-growth ratio of 1.39 and a beta of 0.65. The company’s 50 day simple moving average is $51.73 and its 200-day simple moving average is $45.25. Construction Partners, Inc. has a 12-month low of $24.20 and a 12-month high of $58.65.

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

Wall Street Analyst Weigh In

ROAD has been the topic of a number of recent research reports. Stifel Nicolaus upped their target price on shares of Construction Partners from $51.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. Sidoti lowered shares of Construction Partners from a “buy” rating to a “neutral” rating and set a $59.00 price target on the stock. in a research note on Thursday, March 28th. Finally, Robert W. Baird lowered shares of Construction Partners from an “outperform” rating to a “neutral” rating and increased their price target for the company from $46.00 to $50.00 in a research note on Monday, February 12th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given 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 price target 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.