26,361 Shares in Construction Partners, Inc. (NASDAQ:ROAD) Purchased by Semanteon Capital Management LP

Semanteon Capital Management LP bought a new position in Construction Partners, Inc. (NASDAQ:ROAD) during the fourth quarter, Holdings Channel reports. The firm bought 26,361 shares of the company’s stock, valued at approximately $1,147,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Arizona State Retirement System raised its holdings in shares of Construction Partners by 3.7% in the 4th quarter. Arizona State Retirement System now owns 12,225 shares of the company’s stock worth $532,000 after acquiring an additional 439 shares during the last quarter. NBC Securities Inc. bought a new stake in Construction Partners in the 3rd quarter worth about $26,000. DAVENPORT & Co LLC grew its position in Construction Partners by 2.3% in the 3rd quarter. DAVENPORT & Co LLC now owns 42,323 shares of the company’s stock worth $1,547,000 after purchasing an additional 967 shares in the last quarter. Operose Advisors LLC bought a new stake in Construction Partners in the 3rd quarter worth about $38,000. Finally, Swiss National Bank grew its position in Construction Partners by 1.2% in the 3rd quarter. Swiss National Bank now owns 91,100 shares of the company’s stock worth $3,331,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 94.83% of the company’s stock.

Construction Partners Stock Performance

ROAD traded up $0.42 on Thursday, hitting $51.38. The company’s stock had a trading volume of 210,773 shares, compared to its average volume of 355,790. The company’s 50 day simple moving average is $52.07 and its 200-day simple moving average is $45.70. The firm has a market cap of $2.71 billion, a P/E ratio of 47.57, a price-to-earnings-growth ratio of 1.34 and a beta of 0.65. Construction Partners, Inc. has a 12 month low of $24.20 and a 12 month high of $58.65. The company has a quick ratio of 1.39, a current ratio of 1.75 and a debt-to-equity ratio of 0.82.

Construction Partners (NASDAQ:ROAD) last released its quarterly earnings data on Friday, February 9th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.13 by $0.06. The company had revenue of $396.51 million during the quarter, compared to the consensus estimate of $393.62 million. Construction Partners had a net margin of 3.52% and a return on equity of 11.56%. Construction Partners’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period last year, the firm earned $0.04 EPS. Analysts forecast that Construction Partners, Inc. will post 1.34 EPS for the current year.

Analyst Ratings Changes

ROAD has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price objective on shares of Construction Partners from $51.00 to $57.00 and gave the stock a “buy” rating in a research report on Monday, February 12th. Sidoti downgraded shares of Construction Partners from a “buy” rating to a “neutral” rating and set a $59.00 target price for the company. in a research report on Thursday, March 28th. Finally, Robert W. Baird downgraded shares of Construction Partners from an “outperform” rating to a “neutral” rating and increased their target price for the company from $46.00 to $50.00 in a research report on Monday, February 12th. 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $52.00.

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.