BNP Paribas Financial Markets Decreases Holdings in Construction Partners, Inc. (NASDAQ:ROAD)

BNP Paribas Financial Markets decreased its position in shares of Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 60.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,011 shares of the company's stock after selling 46,307 shares during the quarter. BNP Paribas Financial Markets owned about 0.06% of Construction Partners worth $2,095,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Transactions at Construction Partners

In other Construction Partners news, Director Charles E. Owens sold 49,695 shares of the company's stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $100.81, for a total transaction of $5,009,752.95. Following the completion of the transaction, the director now owns 130,291 shares of the company's stock, valued at $13,134,635.71. This represents a 27.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 18.80% of the company's stock.

Construction Partners Stock Performance

Shares of NASDAQ:ROAD traded up $2.54 during mid-day trading on Friday, reaching $101.86. The company had a trading volume of 399,140 shares, compared to its average volume of 405,742. Construction Partners, Inc. has a one year low of $39.79 and a one year high of $103.69. The company has a current ratio of 1.54, a quick ratio of 1.26 and a debt-to-equity ratio of 0.85. The company's 50-day moving average price is $85.01 and its 200-day moving average price is $68.77. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 77.17, a PEG ratio of 1.21 and a beta of 0.70.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on ROAD. Raymond James upped their price target on Construction Partners from $69.00 to $72.00 and gave the stock a "strong-buy" rating in a report on Monday, August 12th. Robert W. Baird raised their price target on shares of Construction Partners from $68.00 to $92.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. DA Davidson upped their price objective on shares of Construction Partners from $50.00 to $55.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 13th. Finally, Stifel Nicolaus lifted their target price on shares of Construction Partners from $61.00 to $67.00 and gave the stock a "buy" rating in a research report on Monday, August 12th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Construction Partners has an average rating of "Moderate Buy" and a consensus target price of $69.00.

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.