Moody Aldrich Partners LLC Sells 15,129 Shares of Construction Partners, Inc. (NASDAQ:ROAD)

Moody Aldrich Partners LLC trimmed its holdings in shares of Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 26.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,560 shares of the company's stock after selling 15,129 shares during the quarter. Moody Aldrich Partners LLC owned about 0.08% of Construction Partners worth $3,059,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Asset Management One Co. Ltd. increased its position in Construction Partners by 15.5% during the first quarter. Asset Management One Co. Ltd. now owns 76,119 shares of the company's stock worth $5,471,000 after acquiring an additional 10,226 shares during the period. EFG Asset Management North America Corp. increased its position in Construction Partners by 48.1% during the fourth quarter. EFG Asset Management North America Corp. now owns 68,090 shares of the company's stock worth $6,026,000 after acquiring an additional 22,107 shares during the period. Vanguard Group Inc. increased its position in Construction Partners by 42.8% during the fourth quarter. Vanguard Group Inc. now owns 3,492,368 shares of the company's stock worth $308,935,000 after acquiring an additional 1,046,617 shares during the period. Tyro Capital Management LLC grew its stake in Construction Partners by 20.1% during the fourth quarter. Tyro Capital Management LLC now owns 242,309 shares of the company's stock worth $21,435,000 after buying an additional 40,608 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new stake in Construction Partners during the fourth quarter worth about $355,000. 94.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Raymond James Financial reduced 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 note on Tuesday, April 29th.

Insider Buying and Selling

In other Construction Partners news, CEO Fred Julius Smith III acquired 9,333 shares of the company's stock in a transaction that occurred 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 acquisition, the chief executive officer directly owned 9,333 shares in the company, valued at $689,055.39. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 owned 159,389 shares of the company's stock, valued at approximately $11,767,689.87. This trade represents a 3.63% decrease in their position. The disclosure for this sale can be found here. Company insiders own 16.36% of the company's stock.

Construction Partners Price Performance

Construction Partners stock traded down $3.18 during trading hours on Friday, reaching $102.95. 185,762 shares of the stock were exchanged, compared to its average volume of 470,428. The company has a market cap of $5.77 billion, a P/E ratio of 87.99, a price-to-earnings-growth ratio of 1.35 and a beta of 0.96. The company has a current ratio of 1.42, a quick ratio of 1.13 and a debt-to-equity ratio of 1.63. Construction Partners, Inc. has a twelve month low of $51.63 and a twelve month high of $111.98. The stock has a 50 day moving average of $100.91 and a two-hundred day moving average of $87.03.

Construction Partners (NASDAQ:ROAD - Get Free Report) last announced its quarterly earnings data 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 net margin of 2.80% and a return on equity of 11.49%. The firm had revenue of $571.65 million for the quarter, compared to the consensus estimate of $559.61 million. During the same period in the prior year, the company posted ($0.02) earnings per share. The business's revenue for the quarter was up 53.9% on a year-over-year basis. Equities analysts expect that Construction Partners, Inc. will post 1.96 EPS for the current fiscal year.

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.