Dimensional Fund Advisors LP Has $18.58 Million Stock Position in Construction Partners, Inc. (NASDAQ:ROAD)

Dimensional Fund Advisors LP boosted its stake in Construction Partners, Inc. (NASDAQ:ROAD – Get Rating) by 6.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 708,411 shares of the company’s stock after buying an additional 41,544 shares during the period. Dimensional Fund Advisors LP owned approximately 1.35% of Construction Partners worth $18,582,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ROAD. Quantbot Technologies LP acquired a new position in shares of Construction Partners during the 1st quarter worth approximately $36,000. Great West Life Assurance Co. Can acquired a new position in shares of Construction Partners during the 3rd quarter worth approximately $46,000. Captrust Financial Advisors grew its position in shares of Construction Partners by 37.1% during the 2nd quarter. Captrust Financial Advisors now owns 2,223 shares of the company’s stock worth $47,000 after purchasing an additional 602 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of Construction Partners during the 1st quarter worth approximately $54,000. Finally, Ameritas Investment Partners Inc. grew its position in shares of Construction Partners by 37.7% during the 1st quarter. Ameritas Investment Partners Inc. now owns 3,089 shares of the company’s stock worth $81,000 after purchasing an additional 845 shares in the last quarter. Institutional investors and hedge funds own 75.88% of the company’s stock.

Insider Activity

In other news, SVP John L. Harper sold 46,320 shares of the firm’s stock in a transaction on Monday, December 19th. The shares were sold at an average price of $26.31, for a total transaction of $1,218,679.20. Following the completion of the transaction, the senior vice president now owns 140,621 shares of the company’s stock, valued at $3,699,738.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP John L. Harper sold 46,320 shares of the firm’s stock in a transaction on Monday, December 19th. The shares were sold at an average price of $26.31, for a total transaction of $1,218,679.20. Following the completion of the transaction, the senior vice president now owns 140,621 shares of the company’s stock, valued at $3,699,738.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP John L. Harper sold 11,000 shares of the firm’s stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $27.76, for a total transaction of $305,360.00. Following the transaction, the senior vice president now directly owns 211,941 shares of the company’s stock, valued at approximately $5,883,482.16. The disclosure for this sale can be found here. Insiders own 23.54% of the company’s stock.

Construction Partners Price Performance

Shares of NASDAQ:ROAD opened at $27.87 on Wednesday. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 81.97, a PEG ratio of 1.23 and a beta of 0.92. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.98 and a quick ratio of 1.58. The firm has a 50 day simple moving average of $27.48 and a 200 day simple moving average of $28.27. Construction Partners, Inc. has a one year low of $18.89 and a one year high of $32.98.

Construction Partners (NASDAQ:ROAD – Get Rating) last issued its quarterly earnings data on Friday, February 10th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). The company had revenue of $341.78 million during the quarter, compared to the consensus estimate of $319.60 million. Construction Partners had a net margin of 1.31% and a return on equity of 4.03%. Construction Partners’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 EPS. Research analysts predict that Construction Partners, Inc. will post 0.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on ROAD shares. Raymond James decreased their target price on shares of Construction Partners from $37.00 to $36.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, February 14th. TheStreet raised shares of Construction Partners from a “c+” rating to a “b-” rating in a report on Monday, January 30th. DA Davidson reaffirmed a “neutral” rating on shares of Construction Partners in a report on Monday, February 13th. Finally, Stifel Nicolaus upped their price target on shares of Construction Partners from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, December 19th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $32.25.

Construction Partners Profile

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Construction Partners, Inc is a civil infrastructure company, which engages in construction and maintenance of roadways and highways. The firm is also involved in the provision of products and services to both public and private infrastructure projects, with an emphasis on highways, roads, bridges, airports, and commercial and residential developments.