Sherbrooke Park Advisers LLC Makes New $243,000 Investment in Construction Partners, Inc. (NASDAQ:ROAD)

Sherbrooke Park Advisers LLC acquired a new position in shares of Construction Partners, Inc. (NASDAQ:ROAD - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,745 shares of the company's stock, valued at approximately $243,000.

A number of other large investors have also recently bought and sold shares of ROAD. Mather Group LLC. acquired a new stake in Construction Partners during the fourth quarter worth about $33,000. Byrne Asset Management LLC boosted its stake in shares of Construction Partners by 33.3% in the 4th quarter. Byrne Asset Management LLC now owns 533 shares of the company's stock valued at $47,000 after purchasing an additional 133 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Construction Partners by 400.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 541 shares of the company's stock valued at $48,000 after purchasing an additional 433 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Construction Partners in the 4th quarter valued at approximately $50,000. Finally, Johnson Financial Group Inc. acquired a new stake in shares of Construction Partners in the 4th 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

A number of research firms have recently weighed in on ROAD. Robert W. Baird raised their price target on shares of Construction Partners from $100.00 to $102.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Raymond James reduced their price target 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. Finally, DA Davidson restated a "neutral" rating and issued a $95.00 price target on shares of Construction Partners in a research note on Thursday, January 30th.

Construction Partners Stock Up 0.9%

NASDAQ:ROAD opened at $102.06 on Tuesday. The firm's 50 day simple moving average is $80.91 and its 200 day simple moving average is $84.69. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.54 and a quick ratio of 1.23. Construction Partners, Inc. has a one year low of $51.63 and a one year high of $104.53. The company has a market cap of $5.72 billion, a PE ratio of 95.38, a P/E/G ratio of 0.99 and a beta of 0.87.

Construction Partners (NASDAQ:ROAD - Get Free Report) last posted its earnings results on Friday, May 9th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.12. Construction Partners had a net margin of 2.82% and a return on equity of 11.94%. The business had revenue of $571.65 million for the quarter, compared to the consensus estimate of $559.61 million. During the same period last year, the company earned ($0.02) EPS. The firm's revenue was up 53.9% compared to the same quarter last year. On average, research analysts anticipate that Construction Partners, Inc. will post 1.96 earnings per share for the current year.

Insider Buying and Selling

In other news, 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 value of $442,980.00. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Fred Julius Smith III acquired 9,333 shares of the stock in a transaction dated Monday, April 14th. The stock was bought at an average price of $73.83 per share, with a total value of $689,055.39. Following the purchase, the chief executive officer now directly owns 9,333 shares in the company, valued at $689,055.39. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 16.36% of the stock is owned by corporate insiders.

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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