UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Holdings in Construction Partners, Inc. (NASDAQ:ROAD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 28.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 86,535 shares of the company's stock after acquiring an additional 19,008 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.15% of Construction Partners worth $7,655,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Barclays PLC raised its holdings in Construction Partners by 109.5% in the third quarter. Barclays PLC now owns 101,463 shares of the company's stock worth $7,082,000 after purchasing an additional 53,026 shares in the last quarter. KBC Group NV increased its stake in shares of Construction Partners by 49.5% in the 4th quarter. KBC Group NV now owns 2,118 shares of the company's stock worth $187,000 after acquiring an additional 701 shares in the last quarter. Washington University bought a new position in shares of Construction Partners in the 4th quarter worth about $3,452,000. Calamos Advisors LLC lifted its position in Construction Partners by 5.8% during the 4th quarter. Calamos Advisors LLC now owns 33,390 shares of the company's stock valued at $2,954,000 after acquiring an additional 1,827 shares during the period. Finally, Longboard Asset Management LP bought a new stake in Construction Partners during the fourth quarter worth about $205,000. Hedge funds and other institutional investors own 94.83% of the company's stock.

Insider Activity at Construction Partners

In other Construction Partners news, SVP John L. Harper sold 6,000 shares of the company'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 sale, the senior vice president now directly owns 159,389 shares of the company's stock, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Fred Julius Smith III purchased 9,333 shares of the firm's stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 9,333 shares of the company's stock, valued at approximately $689,055.39. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 16.36% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ROAD has been the topic of a number of analyst reports. Raymond James dropped their price target on Construction Partners from $104.00 to $100.00 and set a "strong-buy" rating on the stock in a research report on Tuesday, April 29th. Robert W. Baird boosted their target price on Construction Partners from $100.00 to $102.00 and gave the stock a "neutral" rating in a report on Monday, February 10th.

Construction Partners Stock Up 1.4%

Shares of NASDAQ ROAD traded up $1.40 during midday trading on Tuesday, hitting $105.03. The stock had a trading volume of 348,321 shares, compared to its average volume of 448,982. The business's 50 day moving average is $86.60 and its 200-day moving average 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 quick ratio of 1.23, a current ratio of 1.54 and a debt-to-equity ratio of 1.46. The company has a market cap of $5.88 billion, a P/E ratio of 98.16, a PEG ratio of 0.99 and a beta of 0.87.

Construction Partners (NASDAQ:ROAD - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.12. Construction Partners had a return on equity of 11.94% and a net margin of 2.82%. The business had revenue of $571.65 million for the quarter, compared to analysts' expectations of $559.61 million. During the same period in the prior year, the firm posted ($0.02) EPS. The firm's quarterly revenue was up 53.9% on a year-over-year basis. As a group, analysts predict that Construction Partners, Inc. will post 1.96 EPS for the current 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.