Construction Partners, Inc. (NASDAQ:ROAD) Shares Sold by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC cut its holdings in Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 34.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,960 shares of the company's stock after selling 36,655 shares during the quarter. Construction Partners makes up approximately 1.5% of Lisanti Capital Growth LLC's portfolio, making the stock its 23rd largest holding. Lisanti Capital Growth LLC owned 0.12% of Construction Partners worth $4,956,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Versant Capital Management Inc acquired a new stake in Construction Partners during the first quarter worth approximately $30,000. Johnson Financial Group Inc. acquired a new stake in Construction Partners during the fourth quarter worth approximately $66,000. Golden State Wealth Management LLC boosted its position in Construction Partners by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 1,126 shares of the company's stock worth $81,000 after acquiring an additional 563 shares during the last quarter. AlphaQuest LLC acquired a new stake in Construction Partners during the fourth quarter worth approximately $138,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Construction Partners during the fourth quarter worth approximately $146,000. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Construction Partners Stock Down 1.9%

Shares of ROAD opened at $106.00 on Friday. The firm has a market cap of $5.94 billion, a PE ratio of 90.60, a price-to-earnings-growth ratio of 1.32 and a beta of 0.97. The company's fifty day moving average is $98.23 and its two-hundred day moving average is $86.68. Construction Partners, Inc. has a fifty-two week low of $51.63 and a fifty-two week high of $111.98. The company has a quick ratio of 1.13, a current ratio of 1.42 and a debt-to-equity ratio of 1.63.

Construction Partners (NASDAQ:ROAD - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The company reported $0.08 earnings per share 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 analyst estimates of $559.61 million. Construction Partners had a net margin of 2.80% and a return on equity of 11.49%. Construction Partners's revenue for the quarter was up 53.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.02) EPS. Analysts forecast that Construction Partners, Inc. will post 1.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial decreased their target price 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 Buying and Selling at Construction Partners

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

About Construction Partners

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.

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