Paradoxiom Capital L.P. Takes $5.37 Million Position in Construction Partners, Inc. (NASDAQ:ROAD)

Paradoxiom Capital L.P. purchased a new stake in Construction Partners, Inc. (NASDAQ:ROAD - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 60,719 shares of the company's stock, valued at approximately $5,371,000. Construction Partners makes up approximately 2.2% of Paradoxiom Capital L.P.'s portfolio, making the stock its 26th largest position. Paradoxiom Capital L.P. owned 0.11% of Construction Partners at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Sheets Smith Wealth Management acquired a new stake in Construction Partners in the fourth quarter valued at $632,000. Artemis Investment Management LLP acquired a new stake in shares of Construction Partners during the fourth quarter worth $18,893,000. Washington University acquired a new stake in shares of Construction Partners during the fourth quarter worth $3,452,000. Barclays PLC raised its holdings in shares of Construction Partners by 109.5% during 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 during the period. Finally, KBC Group NV raised its holdings in shares of Construction Partners by 49.5% during the fourth quarter. KBC Group NV now owns 2,118 shares of the company's stock worth $187,000 after purchasing an additional 701 shares during the period. 94.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ROAD has been the topic of a number of research reports. Raymond James dropped their target price on shares of Construction Partners from $104.00 to $100.00 and set a "strong-buy" rating on the stock in a report on Tuesday, April 29th. Robert W. Baird increased their target price on shares of Construction Partners from $100.00 to $102.00 and gave the company a "neutral" rating in a research report on Monday, February 10th. Finally, DA Davidson reiterated a "neutral" rating and issued a $95.00 target price on shares of Construction Partners in a research report on Thursday, January 30th.

Construction Partners Price Performance

Shares of NASDAQ:ROAD traded up $2.10 during trading hours on Friday, hitting $101.14. 630,100 shares of the company's stock traded hands, compared to its average volume of 445,704. Construction Partners, Inc. has a 52 week low of $51.63 and a 52 week high of $104.53. The company's fifty day simple moving average is $80.27 and its two-hundred day simple moving average is $84.45. The company has a market cap of $5.65 billion, a price-to-earnings ratio of 94.52, a price-to-earnings-growth ratio of 0.99 and a beta of 0.87. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.23 and a current ratio of 1.54.

Construction Partners (NASDAQ:ROAD - Get Free Report) last announced 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 company had revenue of $571.65 million during the quarter, compared to analysts' expectations of $559.61 million. During the same period last year, the company posted ($0.02) earnings per share. The business's revenue for the quarter was up 53.9% on a year-over-year basis. As a group, equities analysts anticipate that Construction Partners, Inc. will post 1.96 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Fred Julius Smith III purchased 9,333 shares of Construction Partners stock in a transaction dated Monday, April 14th. The stock was acquired at an average cost of $73.83 per share, with a total value 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 $689,055.39. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP John L. Harper sold 6,000 shares of the firm'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 transaction, the senior vice president now directly owns 159,389 shares in the company, valued at approximately $11,767,689.87. The trade was a 3.63% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 16.36% of the company's stock.

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.