Dynamic Technology Lab Private Ltd Invests $453,000 in Construction Partners, Inc. (NASDAQ:ROAD)

Dynamic Technology Lab Private Ltd bought a new position in shares of Construction Partners, Inc. (NASDAQ:ROAD - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,489 shares of the company's stock, valued at approximately $453,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in shares of Construction Partners by 24.4% during the 3rd quarter. GAMMA Investing LLC now owns 873 shares of the company's stock valued at $61,000 after acquiring an additional 171 shares during the last quarter. Arizona State Retirement System increased its position in Construction Partners by 2.1% during the second quarter. Arizona State Retirement System now owns 12,270 shares of the company's stock worth $677,000 after purchasing an additional 257 shares during the last quarter. KBC Group NV raised its stake in Construction Partners by 35.0% during the third quarter. KBC Group NV now owns 1,417 shares of the company's stock worth $99,000 after purchasing an additional 367 shares during the period. nVerses Capital LLC boosted its holdings in shares of Construction Partners by 19.0% in the 3rd quarter. nVerses Capital LLC now owns 2,500 shares of the company's stock valued at $174,000 after purchasing an additional 400 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of 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 buying an additional 653 shares during the period. 94.83% of the stock is owned by hedge funds and other institutional investors.

Construction Partners Stock Up 0.5 %

Shares of Construction Partners stock traded up $0.47 during trading on Friday, reaching $101.61. The company had a trading volume of 183,253 shares, compared to its average volume of 364,598. The company has a market cap of $5.68 billion, a price-to-earnings ratio of 76.98, a price-to-earnings-growth ratio of 1.21 and a beta of 0.65. Construction Partners, Inc. has a fifty-two week low of $39.79 and a fifty-two week high of $103.24. The firm's fifty day moving average is $82.00 and its 200-day moving average is $67.22. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.30 and a current ratio of 1.54.

Construction Partners (NASDAQ:ROAD - Get Free Report) last posted its quarterly 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 firm had revenue of $538.16 million for the quarter, compared to analyst estimates of $538.04 million. Construction Partners had a net margin of 3.78% and a return on equity of 12.90%. The business's revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 earnings per share. On average, analysts anticipate that Construction Partners, Inc. will post 1.96 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. DA Davidson increased their target price 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. Stifel Nicolaus raised their target price on shares of Construction Partners from $61.00 to $67.00 and gave the company a "buy" rating in a research note on Monday, August 12th. Robert W. Baird upped their price target on shares of Construction Partners from $68.00 to $92.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Finally, Raymond James increased their price target on Construction Partners from $69.00 to $72.00 and gave the company a "strong-buy" rating in a report on Monday, August 12th. Three research 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. According to data from MarketBeat, Construction Partners currently has an average rating of "Moderate Buy" and an average 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.