Benjamin F. Edwards & Company Inc. buy 653 shares of Construction Partners, Inc. (NASDAQ:ROAD)

Benjamin F. Edwards & Company Inc. raised its stake in shares of Construction Partners, Inc. (NASDAQ:ROAD – Free Report) by 55.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,831 shares of the company’s stock after purchasing an additional 653 shares during the period. Holdings of Benjamin F. Edwards & Company Inc. in Construction Partners were worth $101,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Covestor Ltd boosted its holdings in shares of Construction Partners by 17,700.0% in the first quarter. Covestor Ltd now owns 534 shares of the company’s stock worth $30,000 after purchasing an additional 531 shares during the period. ICA Group Wealth Management LLC purchased a new stake in shares of Construction Partners in the 4th quarter valued at $30,000. YHB Investment Advisors Inc. purchased a new position in Construction Partners in the first quarter valued at about $116,000. nVerses Capital LLC bought a new stake in Construction Partners in the second quarter valued at about $116,000. Finally, SG Americas Securities LLC acquired a new stake in Construction Partners in the 1st quarter worth approximately $139,000. Institutional investors and hedge funds own 94.83% of the company’s shares.

Stock performance of construction partners

Shares of Construction Partners stock opened at $69.58 on Friday. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of 59.47, a P/E/G ratio of 1.61 and a beta of 0.67. The company has a quick ratio of 1.30, a current ratio of 1.60, and a debt-to-equity ratio of 0.82. Construction Partners, Inc. has a 12-month low of $35.46 and a 12-month high of $76.73. The company’s fifty-day moving average is $63.16, and its 200-day moving average is $58.01.

Construction Partners (NASDAQ:ROAD – Get Free Report ) last posted its quarterly earnings results on Friday, August 9th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.05. The company had revenue of $517.80 million during the quarter, compared to analysts’ expectations of $503.57 million. Construction Partners had a return on equity of 13.34% and a net margin of 4.01%. The company’s quarterly revenue was up 22.7% year over year. In the same quarter last year, the firm posted earnings of $0.41 per share. Sell-side analysts estimate that Construction Partners, Inc. will post 1.43 EPS for the current year.

Analysts set new price targets

Several research firms recently issued reports on ROAD. DA Davidson upped their target price on shares of Construction Partners from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 13th. Raymond James boosted their target price on Construction Partners from $69.00 to $72.00 and gave the stock a “strong-buy” rating in a report on Monday, August 12th. Finally, Stifel Nicolaus raised their price objective on Construction Partners from $61.00 to $67.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Moderate Buy” and an average price target of $59.67, based on data from MarketBeat.

Read the latest stock report on ROAD

Insiders place their bets

In other news, Director Mark R. Matteson sold 25,408 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $61.97, for a total value of $1,574,533.76. Following the sale, the director now directly owns 102,592 shares of the company’s stock, valued at approximately $6,357,626.24. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Company insiders own 18.80% of the company’s shares.

About Construction Partners

(Free Report)

Construction Partners, Inc, a civil infrastructure company, builds and maintains roads in Alabama, Florida, Georgia, North Carolina, South Carolina and Tennessee. The company provides various products and services for public and private infrastructure projects such as highways, roads, bridges, airports and commercial and residential developments.

Featured stories

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