Natixis Advisors L.P. grew its stake in shares of Construction Partners Inc (NASDAQ:ROAD) by 9.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 130,065 shares of the company’s stock after purchasing an additional 10,805 shares during the quarter. Natixis Advisors L.P. owned approximately 0.25% of Construction Partners worth $1,148,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the business. Royce & Associates LP grew its position in Construction Partners by 69.3% in the 3rd quarter. Royce & Associates LP now owns 171,500 shares of the company’s stock valued at $2,075,000 after buying an additional 70,177 shares during the last quarter. Anchor Capital Advisors LLC purchased a new stake in shares of Construction Partners during the 4th quarter worth $791,000. Raymond James Financial Services Advisors Inc. boosted its position in shares of Construction Partners by 65.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 30,803 shares of the company’s stock worth $272,000 after purchasing an additional 12,182 shares in the last quarter. Putnam Investments LLC purchased a new stake in shares of Construction Partners during the 3rd quarter worth $972,000. Finally, Summit Creek Advisors LLC boosted its position in shares of Construction Partners by 11.7% during the 4th quarter. Summit Creek Advisors LLC now owns 561,028 shares of the company’s stock worth $4,954,000 after purchasing an additional 58,860 shares in the last quarter. 20.28% of the stock is currently owned by institutional investors.

Several equities research analysts have commented on ROAD shares. Zacks Investment Research lowered shares of Construction Partners from a “hold” rating to a “sell” rating in a research report on Thursday, January 10th. Imperial Capital restated a “buy” rating and set a $14.00 target price on shares of Construction Partners in a research report on Thursday, February 14th. Finally, Raymond James set a $14.00 target price on shares of Construction Partners and gave the stock a “buy” rating in a research report on Thursday, February 14th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. Construction Partners has an average rating of “Buy” and a consensus price target of $14.17.

NASDAQ:ROAD opened at $12.31 on Monday. The firm has a market cap of $629.87 million and a PE ratio of 14.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.30 and a quick ratio of 2.03. Construction Partners Inc has a 52-week low of $7.70 and a 52-week high of $14.06.

Construction Partners (NASDAQ:ROAD) last released its quarterly earnings results on Monday, February 11th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.04). The firm had revenue of $154.33 million for the quarter, compared to analyst estimates of $170.23 million. Construction Partners had a return on equity of 12.92% and a net margin of 6.57%. On average, analysts expect that Construction Partners Inc will post 0.77 EPS for the current fiscal year.

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Construction Partners Profile

Construction Partners, Inc, an infrastructure and road construction company, provides construction products and services to public and private sectors. It offers construction of highways, roads, bridges, airports, and commercial and residential sites. The company provides a range of sitework construction services, including site development, paving, and utility and drainage systems construction, as well as supplies hot mix asphalt required for the projects.

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Institutional Ownership by Quarter for Construction Partners (NASDAQ:ROAD)

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