BNP Paribas Financial Markets Has $1.85 Million Stock Holdings in Construction Partners, Inc. (NASDAQ:ROAD)

BNP Paribas Financial Markets trimmed its stake in shares of Construction Partners, Inc. (NASDAQ:ROAD) by 30.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,925 shares of the company’s stock after selling 9,086 shares during the quarter. BNP Paribas Financial Markets’ holdings in Construction Partners were worth $1,851,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in ROAD. USA Financial Formulas acquired a new stake in Construction Partners during the fourth quarter valued at approximately $31,000. Mather Group LLC. acquired a new stake in Construction Partners during the fourth quarter valued at approximately $33,000. Byrne Asset Management LLC boosted its holdings in Construction Partners by 33.3% during the fourth quarter. Byrne Asset Management LLC now owns 533 shares of the company’s stock valued at $47,000 after purchasing an additional 133 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Construction Partners by 400.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 541 shares of the company’s stock valued at $48,000 after purchasing an additional 433 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in Construction Partners during the fourth quarter valued at approximately $50,000. 94.83% of the stock is owned by institutional investors and hedge funds.

Construction Partners Stock Up 2.1%

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

Construction Partners (NASDAQ:ROAD) last announced its earnings results on Friday, May 9th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.12. The business 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%. Construction Partners’s revenue was up 53.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.02) EPS. As a group, sell-side analysts predict that Construction Partners, Inc. will post 1.96 EPS for the current fiscal year.

Insider Transactions at Construction Partners

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

Analyst Upgrades and Downgrades

ROAD has been the topic of a number of recent research reports. Robert W. Baird lifted their price objective on Construction Partners from $100.00 to $102.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Raymond James decreased their price objective on Construction Partners from $104.00 to $100.00 and set a “strong-buy” rating on the stock in a report on Tuesday, April 29th. Finally, DA Davidson reissued a “neutral” rating and issued a $95.00 target price on shares of Construction Partners in a report on Thursday, January 30th.

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.