SG Americas Securities LLC Buys 7,253 Shares of Construction Partners, Inc. (NASDAQ:ROAD)

SG Americas Securities LLC increased its stake in Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 563.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,540 shares of the company's stock after buying an additional 7,253 shares during the quarter. SG Americas Securities LLC's holdings in Construction Partners were worth $614,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. NBC Securities Inc. lifted its position in Construction Partners by 111,500.0% in the first quarter. NBC Securities Inc. now owns 4,464 shares of the company's stock worth $320,000 after buying an additional 4,460 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Construction Partners by 6.3% during the first quarter. Rhumbline Advisers now owns 63,385 shares of the company's stock worth $4,555,000 after purchasing an additional 3,781 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Construction Partners by 6,734.0% during the first quarter. GAMMA Investing LLC now owns 62,599 shares of the company's stock worth $4,499,000 after purchasing an additional 61,683 shares during the last quarter. Versant Capital Management Inc bought a new stake in shares of Construction Partners during the first quarter worth $30,000. Finally, Total Wealth Planning & Management Inc. bought a new stake in shares of Construction Partners during the fourth quarter worth $663,000. 94.83% of the stock is currently owned by institutional investors.

Construction Partners Price Performance

Shares of ROAD stock opened at $102.34 on Friday. Construction Partners, Inc. has a fifty-two week low of $51.63 and a fifty-two week high of $111.98. The firm has a market capitalization of $5.73 billion, a price-to-earnings ratio of 87.47, a PEG ratio of 1.28 and a beta of 0.97. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.13 and a current ratio of 1.42. The stock's 50-day simple moving average is $95.34 and its 200-day simple moving average is $86.37.

Construction Partners (NASDAQ:ROAD - Get Free Report) last issued its quarterly earnings results 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. 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 for the quarter, compared to analyst estimates of $559.61 million. During the same quarter in the previous year, the firm earned ($0.02) earnings per share. The company's revenue was up 53.9% on a year-over-year basis. As a group, 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 news, CEO Fred Julius Smith III bought 9,333 shares of the firm's stock in a transaction that occurred 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 completion of the acquisition, the chief executive officer now directly owns 9,333 shares of the company's stock, valued at $689,055.39. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John L. Harper sold 6,000 shares of Construction Partners stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $73.83, for a total value of $442,980.00. Following the sale, the senior vice president now directly owns 159,389 shares of the company's stock, valued at $11,767,689.87. This trade represents a 3.63% decrease in their position. The disclosure for this sale can be found here. Insiders own 16.36% of the company's stock.

Analyst Ratings Changes

Separately, Raymond James Financial decreased their target price on 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 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.

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