NBC Securities Inc. Buys 4,460 Shares of Construction Partners, Inc. (NASDAQ:ROAD)

NBC Securities Inc. grew its stake in shares of Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 111,500.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,464 shares of the company's stock after buying an additional 4,460 shares during the quarter. NBC Securities Inc.'s holdings in Construction Partners were worth $320,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Rhumbline Advisers grew its position in Construction Partners by 6.3% during the 1st quarter. Rhumbline Advisers now owns 63,385 shares of the company's stock worth $4,555,000 after acquiring an additional 3,781 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Construction Partners by 6,734.0% in the first quarter. GAMMA Investing LLC now owns 62,599 shares of the company's stock valued at $4,499,000 after buying an additional 61,683 shares during the period. Versant Capital Management Inc bought a new position in Construction Partners in the 1st quarter valued at approximately $30,000. Total Wealth Planning & Management Inc. acquired a new stake in Construction Partners during the 4th quarter worth approximately $663,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Construction Partners during the 4th quarter worth approximately $5,352,000. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Construction Partners Trading Down 2.2%

ROAD stock traded down $2.32 during mid-day trading on Tuesday, reaching $102.38. The company's stock had a trading volume of 805,805 shares, compared to its average volume of 455,273. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 95.68, a price-to-earnings-growth ratio of 0.99 and a beta of 0.97. Construction Partners, Inc. has a 12 month low of $51.63 and a 12 month high of $111.98. The business's 50 day moving average price is $90.58 and its 200 day moving average price is $86.19. 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, beating analysts' consensus estimates of ($0.04) by $0.12. The company had revenue of $571.65 million for the quarter, compared to the consensus estimate 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 quarter in the previous year, the company earned ($0.02) EPS. On average, equities research analysts predict that Construction Partners, Inc. will post 1.96 EPS for the current year.

Analyst Upgrades and Downgrades

ROAD has been the subject of several analyst reports. Raymond James dropped 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 research note on Tuesday, April 29th. Robert W. Baird lifted their target price on Construction Partners from $100.00 to $102.00 and gave the stock a "neutral" rating in a report on Monday, February 10th.

Insider Activity

In other Construction Partners news, CEO Fred Julius Smith III purchased 9,333 shares of the firm's stock in a transaction on Monday, April 14th. The stock was acquired at an average price of $73.83 per share, for a total transaction of $689,055.39. Following the purchase, 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 position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP John L. Harper sold 6,000 shares of Construction Partners stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $73.83, for a total transaction of $442,980.00. Following the transaction, the senior vice president now owns 159,389 shares of the company's stock, 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 currently 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.