Advisory Services Network LLC Has $225,000 Stock Holdings in Construction Partners, Inc. (NASDAQ:ROAD)

Advisory Services Network LLC decreased its stake in Construction Partners, Inc. (NASDAQ:ROADFree Report) by 19.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,172 shares of the company’s stock after selling 1,243 shares during the period. Advisory Services Network LLC’s holdings in Construction Partners were worth $225,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. NBC Securities Inc. bought a new stake in shares of Construction Partners during the 3rd quarter valued at about $26,000. Operose Advisors LLC bought a new stake in shares of Construction Partners during the 3rd quarter valued at about $38,000. USA Financial Formulas bought a new stake in shares of Construction Partners during the 4th quarter valued at about $72,000. Federated Hermes Inc. bought a new stake in shares of Construction Partners during the 4th quarter valued at about $150,000. Finally, Cornerstone Investment Partners LLC bought a new stake in shares of Construction Partners during the 4th quarter valued at about $209,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Robert W. Baird upped their target price on Construction Partners from $50.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Sidoti lowered Construction Partners from a “buy” rating to a “neutral” rating and set a $59.00 price target on the stock. in a report on Thursday, March 28th. Finally, Stifel Nicolaus increased their price target on Construction Partners from $51.00 to $57.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Two 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $54.00.

Get Our Latest Report on Construction Partners

Construction Partners Stock Down 3.3 %

Shares of NASDAQ:ROAD opened at $55.47 on Wednesday. The business’s 50 day simple moving average is $55.35 and its two-hundred day simple moving average is $48.93. The firm has a market cap of $2.92 billion, a P/E ratio of 47.41, a PEG ratio of 1.35 and a beta of 0.71. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.28 and a current ratio of 1.64. Construction Partners, Inc. has a 52-week low of $27.96 and a 52-week high of $62.35.

Construction Partners (NASDAQ:ROADGet Free Report) last issued its quarterly earnings data on Friday, May 10th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.05. The firm had revenue of $371.43 million during the quarter, compared to the consensus estimate of $363.12 million. Construction Partners had a return on equity of 12.00% and a net margin of 3.68%. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.11) earnings per share. As a group, research analysts forecast that Construction Partners, Inc. will post 1.41 EPS for the current fiscal year.

Construction Partners Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Construction Partners (NASDAQ:ROAD)

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