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

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

Several other institutional investors and hedge funds have also added to or reduced their stakes in ROAD. Versant Capital Management Inc acquired a new position in Construction Partners during the 1st quarter worth about $30,000. Johnson Financial Group Inc. bought a new stake in Construction Partners during the 4th quarter worth about $66,000. Allworth Financial LP raised its holdings 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 purchasing an additional 160 shares during 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 shares of Construction Partners in the 4th quarter valued at about $138,000. Institutional investors and hedge funds own 94.83% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Raymond James lowered their price target 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.

Construction Partners Stock Up 1.4%

NASDAQ ROAD traded up $1.44 during trading hours on Monday, reaching $105.11. 360,876 shares of the company's stock were exchanged, compared to its average volume of 455,856. The company's 50-day moving average is $93.40 and its two-hundred day moving average is $86.19. Construction Partners, Inc. has a one year low of $51.63 and a one year high of $111.98. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.23 and a current ratio of 1.54. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 98.23, a price-to-earnings-growth ratio of 0.99 and a beta of 0.97.

Construction Partners (NASDAQ:ROAD - Get Free Report) last posted its earnings results on Friday, May 9th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $559.61 million. During the same period in the prior year, the business earned ($0.02) EPS. Construction Partners's revenue for the quarter was up 53.9% compared to the same quarter last year. On average, analysts forecast that Construction Partners, Inc. will post 1.96 EPS for the current fiscal year.

Insider Buying and Selling

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

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.