Yousif Capital Management LLC Purchases 14,313 Shares of Construction Partners, Inc. $ROAD

Yousif Capital Management LLC purchased a new position in shares of Construction Partners, Inc. (NASDAQ:ROAD) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,313 shares of the company’s stock, valued at approximately $1,289,000.

Several other hedge funds have also made changes to their positions in the business. Harbor Investment Advisory LLC acquired a new position in Construction Partners in the first quarter valued at $39,000. Hollencrest Capital Management purchased a new position in Construction Partners during the first quarter worth about $39,000. USA Financial Formulas purchased a new position in Construction Partners during the third quarter worth about $40,000. Jones Financial Companies Lllp acquired a new stake in Construction Partners in the 2nd quarter worth about $63,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in Construction Partners in the 2nd quarter worth about $90,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Wall Street Analysts Forecast Growth

ROAD has been the subject of several recent analyst reports. Weiss Ratings cut Construction Partners from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 17th. Raymond James Financial cut their price objective on shares of Construction Partners from $150.00 to $145.00 and set a “strong-buy” rating on the stock in a report on Friday, October 16th. Robert W. Baird cut their price objective on shares of Construction Partners from $145.00 to $141.00 and set an “outperform” rating on the stock in a report on Monday, August 10th. Finally, Zacks Research cut shares of Construction Partners from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $132.67.

Construction Partners Stock Down 2.1%

Shares of NASDAQ ROAD opened at $89.80 on Friday. Construction Partners, Inc. has a 52-week low of $79.33 and a 52-week high of $151.00. The firm has a fifty day moving average of $94.01 and a 200-day moving average of $110.93. The stock has a market capitalization of $5.10 billion, a PE ratio of 35.22, a P/E/G ratio of 0.69 and a beta of 0.93. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 1.68.

Construction Partners (NASDAQ:ROAD) last released its quarterly earnings data on Friday, August 7th. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. The business had revenue of $999.42 million during the quarter, compared to the consensus estimate of $948.77 million. Construction Partners had a return on equity of 16.06% and a net margin of 4.10%. The business’s revenue for the quarter was up 28.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.81 EPS. On average, analysts anticipate that Construction Partners, Inc. will post 3.04 EPS for the current year.

Construction Partners Profile

Construction Partners, Inc (NASDAQ:ROAD) is a civil infrastructure company that builds and maintains transportation and other public infrastructure in the United States. The company primarily serves public-sector customers, including state and local governments, as well as private-sector customers involved in residential, commercial and industrial development.

Its services include asphalt production and paving, roadway construction, milling, maintenance and repair, site development, utility installation and related infrastructure work.