Segall Bryant & Hamill LLC Makes New $10.38 Million Investment in Construction Partners, Inc. (NASDAQ:ROAD)

Segall Bryant & Hamill LLC acquired a new position in Construction Partners, Inc. (NASDAQ:ROAD - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 148,667 shares of the company's stock, valued at approximately $10,377,000. Segall Bryant & Hamill LLC owned 0.28% of Construction Partners at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ROAD. GAMMA Investing LLC grew its position 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 purchasing an additional 171 shares during the period. Arizona State Retirement System grew its position in Construction Partners by 2.1% in the 2nd 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 period. Ameritas Investment Partners Inc. grew its position in Construction Partners by 7.1% in the 1st quarter. Ameritas Investment Partners Inc. now owns 4,279 shares of the company's stock worth $240,000 after purchasing an additional 285 shares during the period. KBC Group NV grew 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 worth $99,000 after purchasing an additional 367 shares during the period. Finally, nVerses Capital LLC grew its position in Construction Partners by 19.0% in the 3rd quarter. nVerses Capital LLC now owns 2,500 shares of the company's stock worth $174,000 after purchasing an additional 400 shares during the period. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

Construction Partners Stock Performance

Shares of NASDAQ ROAD traded up $3.13 during midday trading on Friday, reaching $99.98. The company had a trading volume of 661,657 shares, compared to its average volume of 364,997. The business's 50-day simple moving average is $78.38 and its 200 day simple moving average is $65.26. The stock has a market cap of $5.27 billion, a P/E ratio of 74.06, a P/E/G ratio of 1.16 and a beta of 0.65. Construction Partners, Inc. has a 1 year low of $39.79 and a 1 year high of $100.70. The company has a current ratio of 1.60, a quick ratio of 1.30 and a debt-to-equity ratio of 0.82.

Construction Partners (NASDAQ:ROAD - Get Free Report) last released its quarterly earnings results on Thursday, November 21st. The company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.01). Construction Partners had a net margin of 4.01% and a return on equity of 13.34%. The firm had revenue of $538.16 million for the quarter, compared to analyst estimates of $538.04 million. During the same quarter in the prior year, the business posted $0.59 EPS. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. On average, analysts forecast that Construction Partners, Inc. will post 1.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ROAD has been the subject of a number of recent research reports. Raymond James boosted their price objective on shares of Construction Partners from $69.00 to $72.00 and gave the company a "strong-buy" rating in a research report on Monday, August 12th. 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. Stifel Nicolaus lifted 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. Finally, DA Davidson lifted their target price on shares of Construction Partners from $50.00 to $55.00 and gave the company a "neutral" rating in a research note on Tuesday, August 13th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Construction Partners has a consensus 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.