Construction Partners, Inc. (NASDAQ:ROAD) Position Increased by Stifel Financial Corp

Stifel Financial Corp increased its holdings in Construction Partners, Inc. (NASDAQ:ROAD) by 3.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 108,132 shares of the company’s stock after buying an additional 3,513 shares during the period. Stifel Financial Corp’s holdings in Construction Partners were worth $7,548,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ROAD. Clearbridge Investments LLC acquired a new position in Construction Partners during the 2nd quarter valued at about $20,360,000. Fred Alger Management LLC acquired a new stake in Construction Partners during the third quarter valued at approximately $16,535,000. Segall Bryant & Hamill LLC bought a new position in shares of Construction Partners in the third quarter valued at $10,377,000. Driehaus Capital Management LLC lifted its position in shares of Construction Partners by 31.9% during the 2nd quarter. Driehaus Capital Management LLC now owns 569,440 shares of the company’s stock valued at $31,439,000 after acquiring an additional 137,572 shares during the last quarter. Finally, Conestoga Capital Advisors LLC boosted its stake in shares of Construction Partners by 3.0% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 4,135,202 shares of the company’s stock worth $228,305,000 after acquiring an additional 120,155 shares in the last quarter. Institutional investors own 94.83% of the company’s stock.

Construction Partners Trading Down 1.7 %

NASDAQ ROAD opened at $95.96 on Friday. The firm’s 50 day moving average price is $87.29 and its two-hundred day moving average price is $69.82. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.26 and a current ratio of 1.54. Construction Partners, Inc. has a twelve month low of $39.79 and a twelve month high of $103.69. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 72.70, a PEG ratio of 1.22 and a beta of 0.70.

Construction Partners (NASDAQ:ROAD) last issued its quarterly earnings results on Thursday, November 21st. The company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.01). The business had revenue of $538.16 million for the quarter, compared to analysts’ expectations of $538.04 million. Construction Partners had a net margin of 3.78% and a return on equity of 12.90%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 EPS. Equities analysts anticipate that Construction Partners, Inc. will post 1.96 EPS for the current year.

Insider Buying and Selling at Construction Partners

In related news, Director Suntx Capital Ii Management Co sold 12,731 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $99.78, for a total transaction of $1,270,299.18. Following the transaction, the director now owns 17,000 shares of the company’s stock, valued at approximately $1,696,260. This trade represents a 42.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles E. Owens sold 49,695 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $100.81, for a total transaction of $5,009,752.95. Following the transaction, the director now owns 130,291 shares in the company, valued at approximately $13,134,635.71. This trade represents a 27.61 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 125,225 shares of company stock worth $12,593,083. 18.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Robert W. Baird boosted their target price on Construction Partners from $68.00 to $92.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Construction Partners has an average rating of “Moderate Buy” and a consensus target price of $69.00.

Construction Partners 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.