Lisanti Capital Growth LLC lessened its position in Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 35.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 67,125 shares of the company's stock after selling 36,160 shares during the period. Lisanti Capital Growth LLC owned 0.13% of Construction Partners worth $3,769,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. ICA Group Wealth Management LLC purchased a new stake in shares of Construction Partners in the 4th quarter worth about $30,000. Benjamin F. Edwards & Company Inc. lifted its position in Construction Partners by 244.4% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,178 shares of the company's stock valued at $66,000 after acquiring an additional 836 shares during the period. USA Financial Formulas purchased a new position in Construction Partners during the 4th quarter valued at about $72,000. YHB Investment Advisors Inc. purchased a new position in Construction Partners during the 1st quarter valued at about $116,000. Finally, SG Americas Securities LLC purchased a new position in Construction Partners during the 1st quarter valued at about $139,000. 94.83% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages recently issued reports on ROAD. Sidoti cut shares of Construction Partners from a "buy" rating to a "neutral" rating and set a $59.00 price target for the company. in a research report on Thursday, March 28th. Robert W. Baird lifted their price target on shares of Construction Partners from $50.00 to $60.00 and gave the company a "neutral" rating in a research report on Monday, May 13th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Construction Partners presently has a consensus rating of "Moderate Buy" and a consensus price target of $54.00.
Get Our Latest Analysis on Construction Partners
Construction Partners Stock Up 1.6 %
Construction Partners stock traded up $0.90 during trading hours on Friday, hitting $56.49. The stock had a trading volume of 212,239 shares, compared to its average volume of 252,355. The company has a quick ratio of 1.28, a current ratio of 1.64 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $2.98 billion, a P/E ratio of 48.28, a price-to-earnings-growth ratio of 1.31 and a beta of 0.66. Construction Partners, Inc. has a 12-month low of $27.96 and a 12-month high of $62.35. The stock's 50-day moving average price is $56.06 and its 200-day moving average price is $51.42.
Construction Partners (NASDAQ:ROAD - Get Free Report) last issued its earnings results on Friday, May 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.05. Construction Partners had a net margin of 3.68% and a return on equity of 12.00%. The business had revenue of $371.43 million during the quarter, compared to analysts' expectations of $363.12 million. During the same period in the previous year, the company earned ($0.11) earnings per share. The business's revenue for the quarter was up 14.3% compared to the same quarter last year. Equities research analysts anticipate that Construction Partners, Inc. will post 1.41 EPS for the current fiscal year.
Construction Partners Company 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.
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