98,383 Shares in Construction Partners, Inc. (NASDAQ:ROAD) Acquired by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC bought a new position in Construction Partners, Inc. (NASDAQ:ROAD - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 98,383 shares of the company's stock, valued at approximately $4,282,000. Moody Aldrich Partners LLC owned about 0.19% of Construction Partners as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Assenagon Asset Management S.A. acquired a new position in shares of Construction Partners in the fourth quarter valued at approximately $769,000. R.P. Boggs & Co. increased its holdings in shares of Construction Partners by 2.6% in the third quarter. R.P. Boggs & Co. now owns 433,044 shares of the company's stock valued at $15,832,000 after purchasing an additional 11,142 shares during the period. New York State Common Retirement Fund increased its holdings in shares of Construction Partners by 1,050.7% in the third quarter. New York State Common Retirement Fund now owns 190,160 shares of the company's stock valued at $6,952,000 after purchasing an additional 173,635 shares during the period. Dark Forest Capital Management LP acquired a new position in shares of Construction Partners in the third quarter valued at approximately $648,000. Finally, Lisanti Capital Growth LLC increased its holdings in shares of Construction Partners by 31.1% in the third quarter. Lisanti Capital Growth LLC now owns 99,535 shares of the company's stock valued at $3,639,000 after purchasing an additional 23,640 shares during the period. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. Stifel Nicolaus boosted their target price on Construction Partners from $51.00 to $57.00 and gave the stock a "buy" rating in a research report on Monday, February 12th. Robert W. Baird downgraded Construction Partners from an "outperform" rating to a "neutral" rating and raised their price objective for the stock from $46.00 to $50.00 in a report on Monday, February 12th. Finally, Sidoti lowered Construction Partners from a "buy" rating to a "neutral" rating and set a $59.00 target price for the company. in a research note on Thursday, March 28th. Two analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.00.

Construction Partners Stock Performance

Construction Partners stock traded down $1.01 during mid-day trading on Tuesday, hitting $56.85. 389,089 shares of the company's stock traded hands, compared to its average volume of 353,617. The firm has a 50 day moving average price of $50.62 and a 200 day moving average price of $44.37. The company has a quick ratio of 1.39, a current ratio of 1.75 and a debt-to-equity ratio of 0.82. The company has a market cap of $3.00 billion, a PE ratio of 53.57, a price-to-earnings-growth ratio of 1.48 and a beta of 0.65. Construction Partners, Inc. has a one year low of $24.20 and a one year high of $58.65.

Construction Partners (NASDAQ:ROAD - Get Free Report) last announced its earnings results on Friday, February 9th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.06. The firm had revenue of $396.51 million for the quarter, compared to the consensus estimate of $393.62 million. Construction Partners had a return on equity of 11.56% and a net margin of 3.52%. The firm's revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.04 EPS. On average, equities analysts forecast that Construction Partners, Inc. will post 1.35 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.