Construction Partners, Inc. (NASDAQ:ROAD) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its stake in Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 14.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,238 shares of the company's stock after selling 10,759 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.11% of Construction Partners worth $5,594,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Mather Group LLC. acquired a new position in Construction Partners during the fourth quarter worth approximately $33,000. Byrne Asset Management LLC grew its holdings in shares of Construction Partners by 33.3% during the fourth quarter. Byrne Asset Management LLC now owns 533 shares of the company's stock worth $47,000 after buying an additional 133 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Construction Partners by 400.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 541 shares of the company's stock worth $48,000 after acquiring an additional 433 shares during the period. Golden State Wealth Management LLC purchased a new position in shares of Construction Partners in the 4th quarter valued at approximately $50,000. Finally, Johnson Financial Group Inc. acquired a new position in shares of Construction Partners in the fourth quarter valued at approximately $66,000. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Robert W. Baird increased their price target on Construction Partners from $100.00 to $102.00 and gave the stock a "neutral" rating in a report on Monday, February 10th. Raymond James cut their price objective on shares of Construction Partners from $104.00 to $100.00 and set a "strong-buy" rating for the company in a research report on Tuesday, April 29th.

Construction Partners Stock Performance

ROAD traded down $1.06 during trading on Monday, reaching $103.63. The company's stock had a trading volume of 596,280 shares, compared to its average volume of 449,383. The company has a market capitalization of $5.81 billion, a price-to-earnings ratio of 96.85, a price-to-earnings-growth ratio of 0.99 and a beta of 0.87. The company's fifty day moving average price is $86.60 and its 200-day moving average price is $85.65. Construction Partners, Inc. has a 52-week low of $51.63 and a 52-week high of $108.43. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.23 and a current ratio of 1.54.

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 for the quarter, topping analysts' consensus estimates of ($0.04) by $0.12. The firm had revenue of $571.65 million for the quarter, compared to analyst estimates of $559.61 million. Construction Partners had a return on equity of 11.94% and a net margin of 2.82%. Construction Partners's quarterly revenue was up 53.9% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.02) earnings per share. On average, equities analysts forecast that Construction Partners, Inc. will post 1.96 earnings per share for the current fiscal year.

Insider Transactions at Construction Partners

In other Construction Partners news, SVP John L. Harper sold 6,000 shares of the company's 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 directly owns 159,389 shares in the company, valued at approximately $11,767,689.87. This represents a 3.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Fred Julius Smith III purchased 9,333 shares of Construction Partners stock in a transaction dated Monday, April 14th. The shares were bought at an average price of $73.83 per share, with a total value of $689,055.39. Following the completion of the transaction, the chief executive officer now owns 9,333 shares in the company, valued at approximately $689,055.39. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 16.36% of the company's stock.

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.