10,153 Shares in Construction Partners, Inc. (NASDAQ:ROAD) Bought by Virtu Financial LLC

Virtu Financial LLC acquired a new position in shares of Construction Partners, Inc. (NASDAQ:ROAD) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,153 shares of the company’s stock, valued at approximately $442,000.

Several other large investors have also modified their holdings of ROAD. Vanguard Group Inc. boosted its holdings in Construction Partners by 8.6% in the 3rd quarter. Vanguard Group Inc. now owns 2,290,486 shares of the company’s stock valued at $83,740,000 after purchasing an additional 181,017 shares during the period. Invesco Ltd. boosted its holdings in Construction Partners by 2.6% in the 3rd quarter. Invesco Ltd. now owns 2,225,619 shares of the company’s stock valued at $81,369,000 after purchasing an additional 56,595 shares during the period. American Century Companies Inc. raised its stake in shares of Construction Partners by 15.0% in the 3rd quarter. American Century Companies Inc. now owns 1,316,081 shares of the company’s stock valued at $48,116,000 after buying an additional 172,109 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Construction Partners by 13.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 893,748 shares of the company’s stock valued at $38,897,000 after buying an additional 105,346 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Construction Partners by 1.0% in the 3rd quarter. FMR LLC now owns 637,763 shares of the company’s stock valued at $23,317,000 after buying an additional 6,304 shares in the last quarter. 94.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have 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 objective for the company. in a research note on Thursday, March 28th. Robert W. Baird increased their price objective on shares of Construction Partners from $50.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $54.00.

Construction Partners Trading Up 1.2 %

Shares of NASDAQ ROAD opened at $58.50 on Wednesday. Construction Partners, Inc. has a 1-year low of $27.96 and a 1-year high of $62.35. The company has a market cap of $3.08 billion, a PE ratio of 50.00, a P/E/G ratio of 1.33 and a beta of 0.71. The company has a current ratio of 1.64, a quick ratio of 1.28 and a debt-to-equity ratio of 0.81. The company has a 50-day moving average of $55.16 and a two-hundred day moving average of $49.97.

Construction Partners (NASDAQ:ROAD) last announced its earnings results on Friday, May 10th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.05. Construction Partners had a net margin of 3.68% and a return on equity of 12.00%. The company had revenue of $371.43 million during the quarter, compared to the consensus estimate of $363.12 million. During the same period in the previous year, the firm posted ($0.11) earnings per share. The company’s revenue was up 14.3% on a year-over-year basis. As a group, equities analysts expect that Construction Partners, Inc. will post 1.41 earnings per share for the current fiscal year.

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.