7,007 Shares in Construction Partners, Inc. (NASDAQ:ROAD) Bought by CenterBook Partners LP

CenterBook Partners LP bought a new position in Construction Partners, Inc. (NASDAQ:ROAD - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 7,007 shares of the company's stock, valued at approximately $504,000.

A number of other large investors also recently added to or reduced their stakes in ROAD. Manchester Capital Management LLC raised its holdings in shares of Construction Partners by 9.2% during the first quarter. Manchester Capital Management LLC now owns 1,461 shares of the company's stock valued at $105,000 after purchasing an additional 123 shares during the last quarter. Amalgamated Bank lifted its position in Construction Partners by 8.8% during the first quarter. Amalgamated Bank now owns 1,593 shares of the company's stock valued at $114,000 after purchasing an additional 129 shares during the last quarter. ANB Bank lifted its position in Construction Partners by 4.2% during the first quarter. ANB Bank now owns 4,105 shares of the company's stock valued at $295,000 after purchasing an additional 164 shares during the last quarter. Stephens Inc. AR lifted its holdings in shares of Construction Partners by 2.3% in the 1st quarter. Stephens Inc. AR now owns 8,498 shares of the company's stock worth $611,000 after acquiring an additional 187 shares during the last quarter. Finally, Summit Investment Advisors Inc. increased its stake in Construction Partners by 5.0% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,492 shares of the company's stock worth $397,000 after buying an additional 213 shares during the period. Hedge funds and other institutional investors own 94.83% of the company's stock.

Construction Partners Stock Down 0.5%

Shares of NASDAQ:ROAD traded down $0.59 during trading hours on Monday, hitting $106.99. The company's stock had a trading volume of 280,605 shares, compared to its average volume of 476,549. Construction Partners, Inc. has a 52 week low of $51.63 and a 52 week high of $114.74. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.42 and a quick ratio of 1.13. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of 91.23, a P/E/G ratio of 1.34 and a beta of 0.96. The firm's fifty day moving average price is $104.65 and its 200 day moving average price is $88.16.

Construction Partners (NASDAQ:ROAD - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.12. Construction Partners had a net margin of 2.80% and a return on equity of 11.49%. The firm had revenue of $571.65 million during the quarter, compared to analyst estimates of $559.61 million. During the same quarter in the previous year, the business posted ($0.02) EPS. Construction Partners's revenue was up 53.9% on a year-over-year basis. As a group, research analysts expect that Construction Partners, Inc. will post 1.96 EPS for the current year.

Analyst Ratings Changes

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

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.