Construction Partners, Inc. (NASDAQ:ROAD) Stock Position Increased by Tyro Capital Management LLC

Tyro Capital Management LLC increased its holdings in Construction Partners, Inc. (NASDAQ:ROAD) by 20.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 242,309 shares of the company’s stock after buying an additional 40,608 shares during the period. Construction Partners accounts for approximately 7.0% of Tyro Capital Management LLC’s portfolio, making the stock its 8th largest holding. Tyro Capital Management LLC’s holdings in Construction Partners were worth $21,435,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ROAD. Barclays PLC raised its position in shares of Construction Partners by 109.5% in the third quarter. Barclays PLC now owns 101,463 shares of the company’s stock worth $7,082,000 after buying an additional 53,026 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of Construction Partners in the fourth quarter worth $31,000. Artemis Investment Management LLP purchased a new stake in shares of Construction Partners in the fourth quarter worth $18,893,000. Perpetual Ltd raised its position in shares of Construction Partners by 47.0% in the fourth quarter. Perpetual Ltd now owns 9,277 shares of the company’s stock worth $821,000 after buying an additional 2,967 shares in the last quarter. Finally, Sheets Smith Wealth Management purchased a new stake in shares of Construction Partners in the fourth quarter worth $632,000. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Construction Partners Stock Up 2.1%

ROAD opened at $101.14 on Friday. The company has a market cap of $5.65 billion, a P/E ratio of 94.52, a P/E/G ratio of 0.99 and a beta of 0.87. The business’s 50-day moving average price is $80.27 and its 200-day moving average price is $84.48. The company has a current ratio of 1.54, a quick ratio of 1.23 and a debt-to-equity ratio of 1.46. Construction Partners, Inc. has a 12 month low of $51.63 and a 12 month high of $104.53.

Construction Partners (NASDAQ:ROAD) last released its quarterly earnings data on Friday, May 9th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.12. The firm had revenue of $571.65 million for the quarter, compared to the consensus estimate of $559.61 million. Construction Partners had a return on equity of 11.94% and a net margin of 2.82%. The company’s quarterly revenue was up 53.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.02) earnings per share. On average, equities analysts expect that Construction Partners, Inc. will post 1.96 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on ROAD. Robert W. Baird raised their price target on Construction Partners from $100.00 to $102.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. DA Davidson restated a “neutral” rating and set a $95.00 price target on shares of Construction Partners in a research report on Thursday, January 30th. Finally, Raymond James lowered their price target on Construction Partners from $104.00 to $100.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, April 29th.

Insider Transactions at Construction Partners

In related news, SVP John L. Harper sold 6,000 shares of the firm’s stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $73.83, for a total value of $442,980.00. Following the sale, the senior vice president now directly owns 159,389 shares of the company’s stock, valued at $11,767,689.87. This trade represents a 3.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Fred Julius Smith III bought 9,333 shares of the business’s stock in a transaction that occurred on Monday, April 14th. The stock was acquired at an average cost of $73.83 per share, for a total transaction of $689,055.39. Following the completion of the purchase, the chief executive officer now directly owns 9,333 shares of the company’s stock, valued at $689,055.39. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 16.36% of the company’s stock.

Construction Partners Profile

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.