SG Americas Securities LLC Has $114,000 Position in Construction Partners, Inc. (NASDAQ:ROAD)

SG Americas Securities LLC reduced its stake in Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 89.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,287 shares of the company's stock after selling 11,424 shares during the period. SG Americas Securities LLC's holdings in Construction Partners were worth $114,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. USA Financial Formulas bought a new position in Construction Partners during the fourth quarter worth about $31,000. Nisa Investment Advisors LLC lifted its holdings in Construction Partners by 400.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 541 shares of the company's stock worth $48,000 after acquiring an additional 433 shares in the last quarter. GAMMA Investing LLC lifted 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 acquiring an additional 171 shares in the last quarter. KBC Group NV lifted its holdings 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 acquiring an additional 367 shares in the last quarter. Finally, nVerses Capital LLC lifted its holdings in Construction Partners by 19.0% during the third quarter. nVerses Capital LLC now owns 2,500 shares of the company's stock worth $174,000 after acquiring an additional 400 shares in the last quarter. 94.83% of the stock is currently owned by institutional investors.

Insider Activity at Construction Partners

In related news, CAO Todd Keith Andrews sold 5,489 shares of Construction Partners stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $91.84, for a total transaction of $504,109.76. Following the completion of the transaction, the chief accounting officer now owns 17,394 shares in the company, valued at approximately $1,597,464.96. This trade represents a 23.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Suntx Capital Ii Management Co sold 12,731 shares of Construction Partners stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $99.78, for a total value of $1,270,299.18. Following the transaction, the director now owns 17,000 shares of the company's stock, valued at $1,696,260. The trade was a 42.82 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 139,225 shares of company stock valued at $13,904,358. 16.36% of the stock is owned by insiders.

Construction Partners Stock Down 1.1 %

Shares of ROAD traded down $0.85 during midday trading on Friday, hitting $77.58. The stock had a trading volume of 474,319 shares, compared to its average volume of 649,282. The company has a 50 day simple moving average of $87.95 and a two-hundred day simple moving average of $79.65. Construction Partners, Inc. has a twelve month low of $45.26 and a twelve month high of $103.69. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 58.77, a price-to-earnings-growth ratio of 1.25 and a beta of 0.74. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.54 and a quick ratio of 1.26.

Construction Partners (NASDAQ:ROAD - Get Free Report) last released its earnings results on Thursday, November 21st. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.57 by ($0.01). The company had revenue of $538.16 million during 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%. Construction Partners's revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.59 EPS. On average, analysts anticipate that Construction Partners, Inc. will post 1.95 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. DA Davidson reiterated a "neutral" rating and set a $95.00 target price on shares of Construction Partners in a report on Thursday, January 30th. Robert W. Baird lifted their target price on Construction Partners from $100.00 to $102.00 and gave the stock a "neutral" rating in a report on Monday, February 10th. Finally, Raymond James dropped their price target on Construction Partners from $112.00 to $104.00 and set a "strong-buy" rating on the stock in a research note on Thursday, January 16th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $85.40.

About Construction Partners

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.