Aubrey Capital Management Ltd Has $3.27 Million Stock Holdings in Construction Partners, Inc. (NASDAQ:ROAD)

Aubrey Capital Management Ltd reduced its stake in Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 13.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,500 shares of the company's stock after selling 7,200 shares during the quarter. Construction Partners accounts for 1.3% of Aubrey Capital Management Ltd's portfolio, making the stock its 24th largest position. Aubrey Capital Management Ltd owned approximately 0.08% of Construction Partners worth $3,270,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc bought a new stake in Construction Partners in the 1st quarter valued at $30,000. Johnson Financial Group Inc. bought a new stake in Construction Partners during the 4th quarter worth about $66,000. Allworth Financial LP lifted its position in Construction Partners by 15.0% during the 4th quarter. Allworth Financial LP now owns 1,228 shares of the company's stock worth $114,000 after buying an additional 160 shares in the last quarter. Manchester Capital Management LLC bought a new stake in Construction Partners during the 4th quarter worth about $118,000. Finally, AlphaQuest LLC bought a new stake in Construction Partners during the 4th quarter worth about $138,000. 94.83% of the stock is owned by institutional investors.

Construction Partners Stock Down 1.6%

NASDAQ:ROAD traded down $1.64 on Friday, hitting $103.67. 365,371 shares of the company's stock were exchanged, compared to its average volume of 456,237. The firm has a 50-day moving average price of $92.69 and a 200-day moving average price of $86.16. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.54 and a quick ratio of 1.23. Construction Partners, Inc. has a 52 week low of $51.63 and a 52 week high of $111.98. The company has a market cap of $5.81 billion, a P/E ratio of 96.89, a price-to-earnings-growth ratio of 0.99 and a beta of 0.97.

Construction Partners (NASDAQ:ROAD - Get Free Report) last issued its earnings results on Friday, May 9th. The company reported $0.08 earnings per share (EPS) 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 net margin of 2.82% and a return on equity of 11.94%. Construction Partners's quarterly revenue was up 53.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.02) EPS. As a group, analysts expect that Construction Partners, Inc. will post 1.96 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Raymond James cut their price target on shares of Construction Partners from $104.00 to $100.00 and set a "strong-buy" rating on the stock in a research report on Tuesday, April 29th.

Insider Activity

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

Construction Partners Company 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.