J.W. Cole Advisors Inc. bought a new position in Construction Partners, Inc. (NASDAQ:ROAD - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 32,145 shares of the company's stock, valued at approximately $2,310,000. J.W. Cole Advisors Inc. owned 0.06% of Construction Partners at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Construction Partners by 42.8% in the 4th quarter. Vanguard Group Inc. now owns 3,492,368 shares of the company's stock valued at $308,935,000 after purchasing an additional 1,046,617 shares in the last quarter. FMR LLC grew its stake in Construction Partners by 32.1% in the fourth quarter. FMR LLC now owns 2,329,801 shares of the company's stock worth $206,094,000 after purchasing an additional 565,583 shares in the last quarter. Invesco Ltd. grew its stake in Construction Partners by 75.6% in the fourth quarter. Invesco Ltd. now owns 1,493,866 shares of the company's stock worth $132,147,000 after purchasing an additional 642,987 shares in the last quarter. Bank of America Corp DE grew its stake in Construction Partners by 2.6% in the fourth quarter. Bank of America Corp DE now owns 1,119,051 shares of the company's stock worth $98,991,000 after purchasing an additional 28,723 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Construction Partners by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 1,058,054 shares of the company's stock worth $93,617,000 after purchasing an additional 30,362 shares in the last quarter. 94.83% of the stock is currently owned by institutional investors and hedge funds.
Construction Partners Stock Performance
Shares of NASDAQ ROAD opened at $106.68 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.42 and a debt-to-equity ratio of 1.63. The firm's 50-day moving average price is $104.65 and its two-hundred day moving average price is $88.16. Construction Partners, Inc. has a 52-week low of $51.63 and a 52-week high of $114.74. The stock has a market capitalization of $5.98 billion, a P/E ratio of 91.18, a P/E/G ratio of 1.34 and a beta of 0.96.
Construction Partners (NASDAQ:ROAD - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.12. The company had revenue of $571.65 million for the quarter, compared to analysts' expectations of $559.61 million. Construction Partners had a return on equity of 11.49% and a net margin of 2.80%. The business's revenue for the quarter was up 53.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.02) earnings per share. As a group, sell-side analysts forecast that Construction Partners, Inc. will post 1.96 earnings per share for the current year.
Wall Street Analyst Weigh In
Separately, Raymond James Financial cut their target price on shares of Construction Partners from $104.00 to $100.00 and set a "strong-buy" rating on the stock in a report on Tuesday, April 29th.
Check Out Our Latest Analysis on Construction Partners
Construction Partners 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.
Recommended Stories
Want to see what other hedge funds are holding ROAD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Construction Partners, Inc. (NASDAQ:ROAD - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Construction Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Construction Partners wasn't on the list.
While Construction Partners currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
