Tudor Investment Corp ET AL Buys Shares of 4,415 Construction Partners, Inc. (NASDAQ:ROAD)

Tudor Investment Corp ET AL bought a new position in shares of Construction Partners, Inc. (NASDAQ:ROAD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,415 shares of the company's stock, valued at approximately $391,000.

Several other hedge funds and other institutional investors have also modified their holdings of ROAD. Vanguard Group Inc. lifted its position in shares of Construction Partners by 42.8% during the 4th quarter. Vanguard Group Inc. now owns 3,492,368 shares of the company's stock worth $308,935,000 after buying an additional 1,046,617 shares during the period. Invesco Ltd. lifted its position in shares of Construction Partners by 75.6% during the 4th quarter. Invesco Ltd. now owns 1,493,866 shares of the company's stock worth $132,147,000 after buying an additional 642,987 shares during the period. FMR LLC lifted its position in shares of Construction Partners by 32.1% during the 4th quarter. FMR LLC now owns 2,329,801 shares of the company's stock worth $206,094,000 after buying an additional 565,583 shares during the period. Raymond James Financial Inc. acquired a new stake in Construction Partners during the 4th quarter valued at $42,527,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in Construction Partners by 197.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 616,032 shares of the company's stock valued at $54,104,000 after purchasing an additional 408,610 shares in the last quarter. Institutional investors own 94.83% of the company's stock.

Insider Buying and Selling at Construction Partners

In other news, CEO Fred Julius Smith III bought 9,333 shares of the firm's stock in a transaction dated Monday, April 14th. The shares were bought at an average price of $73.83 per share, with a total value of $689,055.39. Following the completion of the transaction, the chief executive officer now owns 9,333 shares of the company's stock, valued at $689,055.39. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP John L. Harper sold 6,000 shares of the company's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $73.83, for a total value of $442,980.00. Following the completion of the transaction, the senior vice president now directly owns 159,389 shares in the company, valued at $11,767,689.87. The trade was a 3.63% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 16.36% of the company's stock.

Construction Partners Stock Up 4.5%

Shares of Construction Partners stock traded up $4.27 during trading on Monday, reaching $100.02. The stock had a trading volume of 591,590 shares, compared to its average volume of 441,222. The company has a market capitalization of $5.59 billion, a price-to-earnings ratio of 93.48, a P/E/G ratio of 0.99 and a beta of 0.87. The stock has a fifty day moving average price of $77.67 and a two-hundred day moving average price of $83.93. Construction Partners, Inc. has a 52 week low of $51.63 and a 52 week high of $103.69. The company has a current ratio of 1.54, a quick ratio of 1.23 and a debt-to-equity ratio of 1.46.

Construction Partners (NASDAQ:ROAD - Get Free Report) last released its earnings results on Friday, May 9th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.12. Construction Partners had a return on equity of 11.94% and a net margin of 2.82%. The business had revenue of $571.65 million for the quarter, compared to analyst estimates of $559.61 million. During the same quarter in the prior year, the company posted ($0.02) earnings per share. Construction Partners's revenue was up 53.9% on a year-over-year basis. Sell-side analysts predict that Construction Partners, Inc. will post 1.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Robert W. Baird lifted their target price on Construction Partners from $100.00 to $102.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Raymond James lowered their target price on Construction Partners from $104.00 to $100.00 and set a "strong-buy" rating for the company in a research note on Tuesday, April 29th. Finally, DA Davidson reissued a "neutral" rating and issued a $95.00 target price on shares of Construction Partners in a research note on Thursday, January 30th.

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.