Bessemer Group Inc. Has $17.62 Million Stock Holdings in Construction Partners, Inc. (NASDAQ:ROAD)

Bessemer Group Inc. lowered its holdings in shares of Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 14.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 245,122 shares of the company's stock after selling 41,565 shares during the period. Bessemer Group Inc. owned 0.44% of Construction Partners worth $17,618,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of ROAD. Vanguard Group Inc. lifted its position in shares of Construction Partners by 42.8% in the fourth quarter. Vanguard Group Inc. now owns 3,492,368 shares of the company's stock valued at $308,935,000 after buying an additional 1,046,617 shares during the last quarter. Invesco Ltd. raised its stake in Construction Partners by 75.6% in the 4th quarter. Invesco Ltd. now owns 1,493,866 shares of the company's stock valued at $132,147,000 after acquiring an additional 642,987 shares during the period. FMR LLC lifted its holdings in Construction Partners by 32.1% during the 4th quarter. FMR LLC now owns 2,329,801 shares of the company's stock valued at $206,094,000 after purchasing an additional 565,583 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Construction Partners during the 4th quarter valued at $42,527,000. Finally, First Trust Advisors LP boosted its position in Construction Partners by 44.9% during the fourth quarter. First Trust Advisors LP now owns 839,873 shares of the company's stock worth $74,295,000 after purchasing an additional 260,148 shares during the period. Institutional investors and hedge funds own 94.83% of the company's stock.

Construction Partners Stock Performance

Shares of NASDAQ:ROAD traded up $0.28 during trading on Monday, reaching $106.28. 726,173 shares of the stock were exchanged, compared to its average volume of 468,004. Construction Partners, Inc. has a 12 month low of $51.63 and a 12 month high of $111.98. The stock has a 50-day moving average price of $98.88 and a 200-day moving average price of $86.69. The company has a current ratio of 1.42, a quick ratio of 1.13 and a debt-to-equity ratio of 1.63. The firm has a market cap of $5.95 billion, a PE ratio of 90.84, a PEG ratio of 1.32 and a beta of 0.97.

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, topping the consensus estimate of ($0.04) by $0.12. Construction Partners had a return on equity of 11.49% and a net margin of 2.80%. The business had revenue of $571.65 million during the quarter, compared to analysts' expectations of $559.61 million. During the same period last year, the firm posted ($0.02) EPS. The firm's revenue for the quarter was up 53.9% compared to the same quarter last year. Research analysts expect that Construction Partners, Inc. will post 1.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Raymond James Financial dropped their price objective 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 Transactions at Construction Partners

In other Construction Partners news, CEO Fred Julius Smith III acquired 9,333 shares of the business's stock in a transaction on Monday, April 14th. The stock was purchased at an average price of $73.83 per share, with a total value of $689,055.39. Following the acquisition, the chief executive officer directly owned 9,333 shares of the company's stock, valued at approximately $689,055.39. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 directly owned 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. Insiders own 16.36% of the company's stock.

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.