20,483 Shares in Construction Partners, Inc. $ROAD Acquired by XTX Topco Ltd

XTX Topco Ltd purchased a new stake in Construction Partners, Inc. (NASDAQ:ROAD) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 20,483 shares of the company’s stock, valued at approximately $2,177,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ROAD. Vanguard Group Inc. grew its position in shares of Construction Partners by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 3,666,331 shares of the company’s stock worth $263,499,000 after buying an additional 173,963 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in Construction Partners by 0.5% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,592,079 shares of the company’s stock valued at $186,293,000 after purchasing an additional 12,808 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Construction Partners by 1.6% during the second quarter. Geode Capital Management LLC now owns 1,153,123 shares of the company’s stock valued at $122,568,000 after purchasing an additional 18,229 shares during the period. American Century Companies Inc. boosted its position in shares of Construction Partners by 19.9% during the 2nd quarter. American Century Companies Inc. now owns 984,879 shares of the company’s stock worth $104,673,000 after purchasing an additional 163,334 shares in the last quarter. Finally, Driehaus Capital Management LLC grew its stake in shares of Construction Partners by 10.3% in the 1st quarter. Driehaus Capital Management LLC now owns 828,846 shares of the company’s stock valued at $59,569,000 after buying an additional 77,641 shares during the period. 94.83% of the stock is currently owned by institutional investors.

Construction Partners Trading Up 2.5%

Shares of Construction Partners stock opened at $108.40 on Thursday. The company has a current ratio of 1.47, a quick ratio of 1.20 and a debt-to-equity ratio of 1.63. The stock has a fifty day simple moving average of $117.57 and a 200 day simple moving average of $111.74. Construction Partners, Inc. has a 12-month low of $64.79 and a 12-month high of $138.90. The company has a market capitalization of $6.08 billion, a P/E ratio of 59.23, a price-to-earnings-growth ratio of 1.01 and a beta of 1.02.

Construction Partners (NASDAQ:ROAD) last posted its earnings results on Thursday, November 20th. The company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.04). The firm had revenue of $899.85 million during the quarter, compared to the consensus estimate of $896.17 million. Construction Partners had a return on equity of 14.80% and a net margin of 3.62%.The business’s revenue was up 67.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.56 EPS. On average, sell-side analysts anticipate that Construction Partners, Inc. will post 1.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on ROAD. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Construction Partners in a research note on Monday. DA Davidson reaffirmed a “neutral” rating and set a $120.00 target price on shares of Construction Partners in a research report on Friday, November 21st. Zacks Research downgraded shares of Construction Partners from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Baird R W upgraded shares of Construction Partners from a “hold” rating to a “strong-buy” rating in a report on Friday, August 8th. Finally, Robert W. Baird dropped their price objective on shares of Construction Partners from $131.00 to $124.00 and set an “outperform” rating on the stock in a research note on Friday, November 21st. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $123.50.

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.