Segall Bryant & Hamill LLC Grows Holdings in Construction Partners, Inc. (NASDAQ:ROAD)

Segall Bryant & Hamill LLC raised its position in Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 16.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 170,463 shares of the company's stock after acquiring an additional 23,767 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.31% of Construction Partners worth $12,251,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ROAD. TimesSquare Capital Management LLC lifted its position in shares of Construction Partners by 28.8% during the 1st quarter. TimesSquare Capital Management LLC now owns 330,880 shares of the company's stock worth $23,780,000 after buying an additional 74,050 shares during the last quarter. Stephens Inc. AR lifted its position in Construction Partners by 2.3% in the first quarter. Stephens Inc. AR now owns 8,498 shares of the company's stock valued at $611,000 after acquiring an additional 187 shares during the last quarter. Arizona State Retirement System lifted its position in Construction Partners by 6.1% in the first quarter. Arizona State Retirement System now owns 13,444 shares of the company's stock valued at $966,000 after acquiring an additional 772 shares during the last quarter. Xponance Inc. lifted its position in Construction Partners by 13.4% in the first quarter. Xponance Inc. now owns 3,471 shares of the company's stock valued at $249,000 after acquiring an additional 409 shares during the last quarter. Finally, Bridges Investment Management Inc. lifted its position in Construction Partners by 5.2% in the first quarter. Bridges Investment Management Inc. now owns 6,671 shares of the company's stock valued at $479,000 after acquiring an additional 327 shares during the last quarter. Hedge funds and other institutional investors own 94.83% of the company's stock.

Analyst Upgrades and Downgrades

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

Construction Partners Stock Performance

ROAD traded down $5.24 on Friday, reaching $107.57. The company had a trading volume of 809,065 shares, compared to its average volume of 477,474. The stock has a 50-day moving average price of $104.42 and a 200-day moving average price of $88.03. Construction Partners, Inc. has a 1 year low of $51.63 and a 1 year high of $115.81. The stock has a market capitalization of $6.03 billion, a PE ratio of 91.94, a P/E/G ratio of 1.36 and a beta of 0.96. 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 released its quarterly earnings results on Friday, May 9th. The company reported $0.08 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $559.61 million. During the same quarter in the prior year, the firm earned ($0.02) EPS. Construction Partners's revenue for the quarter was up 53.9% on a year-over-year basis. As a group, research analysts forecast that Construction Partners, Inc. will post 1.96 EPS for the current fiscal year.

Construction Partners Company 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.