2 weeks Ago By ABMN Staff
Ninepoint Partners LP bought a new position in Construction Partners, Inc. ( NASDAQ:ROAD – Free Report ) during the second quarter, Holdings Channel reports. The firm bought 17,280 shares of the company’s stock, valued at approximately $954,000.
A number of other hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its position in shares of Construction Partners by 7.5% in the second quarter.
The Manufacturers Life Insurance Company now owns 23,570 shares of the company’s stock worth $1,301,000 after buying an additional 1,649 shares in the last quarter. Dark Forest Capital Management LP lifted its position in shares of Construction Partners by 147.1% in the second quarter.
Dark Forest Capital Management LP now owns 17,229 shares of the company’s stock worth $951,000 after buying an additional 10,256 shares in the last quarter. Engle Capital Management L.P.
purchased a new stake in shares of Construction Partners in the second quarter worth about $5,742,000. AQR Capital Management LLC lifted its position in shares of Construction Partners by 25.0% in the second quarter.
AQR Capital Management LLC now owns 9,574 shares of the company’s stock worth $529,000 after buying an additional 1,912 shares in the last quarter. Finally, Hood River Capital Management LLC raised its position in Construction Partners by 16.1% during the second quarter.
Hood River Capital Management LLC now owns 476,021 shares of the company’s stock valued at $26,281,000 after purchasing an additional 66,021 shares during the period. 94.83% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Construction Partners In other news, Director Mark R. Matteson sold 25,408 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was 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 in the company, valued at $6,357,626.
24. The sale was disclosed in a document filed with the SEC, which is available at this link . Company insiders own 18.
80% of the company’s stock. Analyst Ratings Changes View Our Latest Research Report on ROAD Construction Partners Trading Down 0.3 % Shares of NASDAQ ROAD opened at $69.
58 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.
30 and a current ratio of 1.60. The business’s 50 day moving average price is $63.
16 and its 200-day moving average price is $58.01. Construction Partners, Inc.
has a fifty-two week low of $35.46 and a fifty-two week high of $76.73.
The company has a market cap of $3.67 billion, a price-to-earnings ratio of 59.47, a PEG ratio of 1.
61 and a beta of 0.67. Construction Partners ( NASDAQ:ROAD – Get Free Report ) last issued 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. Construction Partners had a return on equity of 13.34% and a net margin of 4.
01%. The firm had revenue of $517.80 million for the quarter, compared to the consensus estimate of $503.
57 million. During the same period in the prior year, the business posted $0.41 earnings per share.
The company’s revenue for the quarter was up 22.7% on a year-over-year basis. On average, sell-side analysts expect that Construction Partners, Inc.
will post 1.43 earnings per share for the current year. About Construction Partners ( 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. Further Reading Want to see what other hedge funds are holding ROAD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Construction Partners, Inc.
( NASDAQ:ROAD – Free Report ). Receive News & Ratings for Construction Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Construction Partners and related companies with MarketBeat.com's FREE daily email newsletter .
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