SG Americas Securities LLC Purchases Shares of 12,711 Construction Partners, Inc. (NASDAQ:ROAD)

SG Americas Securities LLC purchased a new position in Construction Partners, Inc. (NASDAQ:ROAD - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 12,711 shares of the company's stock, valued at approximately $887,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Covestor Ltd boosted its position in Construction Partners by 17,700.0% in the first quarter. Covestor Ltd now owns 534 shares of the company's stock valued at $30,000 after buying an additional 531 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in Construction Partners by 244.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,178 shares of the company's stock valued at $66,000 after purchasing an additional 836 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of Construction Partners during the second quarter worth $116,000. Public Employees Retirement Association of Colorado bought a new stake in shares of Construction Partners during the second quarter worth $162,000. Finally, Ameritas Investment Partners Inc. increased its position in shares of Construction Partners by 7.1% during the first quarter. Ameritas Investment Partners Inc. now owns 4,279 shares of the company's stock worth $240,000 after acquiring an additional 285 shares in the last quarter. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Construction Partners

In other Construction Partners news, Director Mark R. Matteson sold 25,408 shares of the company's stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $61.97, for a total transaction of $1,574,533.76. Following the sale, the director now directly owns 102,592 shares of the company's stock, valued at $6,357,626.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 18.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ROAD shares. Raymond James increased their price target on shares of Construction Partners from $69.00 to $72.00 and gave the company a "strong-buy" rating in a research note on Monday, August 12th. 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 report on Monday, August 12th. Finally, DA Davidson lifted their price target on shares of Construction Partners from $50.00 to $55.00 and gave the company a "neutral" rating in a report on Tuesday, August 13th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $62.60.

Construction Partners Stock Up 3.9 %

Shares of NASDAQ ROAD traded up $2.77 during trading on Friday, hitting $73.54. The stock had a trading volume of 268,351 shares, compared to its average volume of 355,195. Construction Partners, Inc. has a 12 month low of $36.70 and a 12 month high of $76.73. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.60 and a quick ratio of 1.30. The company has a market capitalization of $3.88 billion, a PE ratio of 54.47, a PEG ratio of 1.28 and a beta of 0.67. The firm has a fifty day moving average of $64.86 and a two-hundred day moving average of $59.21.

Construction Partners (NASDAQ:ROAD - Get Free Report) last issued its quarterly earnings results on Friday, August 9th. The company reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.05. The company had revenue of $517.80 million for the quarter, compared to the consensus estimate of $503.57 million. Construction Partners had a net margin of 4.01% and a return on equity of 13.34%. The firm's quarterly revenue was up 22.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS. As a group, equities research analysts forecast that Construction Partners, Inc. will post 1.43 EPS for the current fiscal year.

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.