Barclays PLC Purchases 53,026 Shares of Construction Partners, Inc. (NASDAQ:ROAD)

Barclays PLC lifted its position in shares of Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 109.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,463 shares of the company's stock after purchasing an additional 53,026 shares during the period. Barclays PLC owned 0.19% of Construction Partners worth $7,082,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in Construction Partners by 24.4% in the 3rd quarter. GAMMA Investing LLC now owns 873 shares of the company's stock worth $61,000 after buying an additional 171 shares during the period. KBC Group NV lifted its stake in Construction Partners by 35.0% in the third quarter. KBC Group NV now owns 1,417 shares of the company's stock worth $99,000 after acquiring an additional 367 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in Construction Partners by 55.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,831 shares of the company's stock valued at $101,000 after acquiring an additional 653 shares in the last quarter. nVerses Capital LLC purchased a new position in Construction Partners during the 2nd quarter valued at $116,000. Finally, Public Employees Retirement Association of Colorado bought a new position in Construction Partners in the 2nd quarter worth $162,000. 94.83% of the stock is owned by institutional investors.

Construction Partners Stock Up 2.7 %

Shares of NASDAQ ROAD traded up $2.44 during mid-day trading on Thursday, hitting $91.87. 768,923 shares of the stock traded hands, compared to its average volume of 370,042. The stock has a fifty day moving average price of $89.22 and a 200-day moving average price of $70.84. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.26 and a current ratio of 1.54. The company has a market cap of $5.13 billion, a price-to-earnings ratio of 69.60, a PEG ratio of 1.15 and a beta of 0.70. Construction Partners, Inc. has a 52 week low of $39.79 and a 52 week high of $103.69.

Construction Partners (NASDAQ:ROAD - Get Free Report) last released its earnings results on Thursday, November 21st. The company reported $0.56 earnings per share for the quarter, missing analysts' consensus estimates of $0.57 by ($0.01). Construction Partners had a return on equity of 12.90% and a net margin of 3.78%. The business had revenue of $538.16 million during the quarter, compared to analysts' expectations of $538.04 million. During the same period in the prior year, the company earned $0.59 earnings per share. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. Research analysts anticipate that Construction Partners, Inc. will post 1.96 EPS for the current year.

Insider Activity

In other Construction Partners news, Director Charles E. Owens sold 46,596 shares of Construction Partners stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $101.33, for a total value of $4,721,572.68. Following the completion of the transaction, the director now directly owns 203,404 shares of the company's stock, valued at approximately $20,610,927.32. The trade was a 18.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John L. Harper sold 6,000 shares of the company's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $94.41, for a total transaction of $566,460.00. Following the completion of the transaction, the senior vice president now owns 154,856 shares in the company, valued at approximately $14,619,954.96. This represents a 3.73 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 133,736 shares of company stock worth $13,400,248. Insiders own 18.80% of the company's stock.

Wall Street Analyst Weigh In

Separately, Robert W. Baird lifted their target price on shares of Construction Partners from $68.00 to $92.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $69.00.

Construction Partners Company 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.