Legato Capital Management LLC Has $1.74 Million Holdings in Construction Partners, Inc. (NASDAQ:ROAD)

Legato Capital Management LLC lifted its holdings in shares of Construction Partners, Inc. (NASDAQ:ROAD) by 40.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,670 shares of the company’s stock after buying an additional 5,620 shares during the quarter. Legato Capital Management LLC’s holdings in Construction Partners were worth $1,740,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ROAD. AQR Capital Management LLC grew its position in shares of Construction Partners by 25.0% during the 2nd 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 during the period. GAMMA Investing LLC grew its position in shares of Construction Partners by 24.4% during the 3rd quarter. GAMMA Investing LLC now owns 873 shares of the company’s stock worth $61,000 after buying an additional 171 shares during the period. Creative Planning grew its position in shares of Construction Partners by 22.8% during the 3rd quarter. Creative Planning now owns 7,060 shares of the company’s stock worth $493,000 after buying an additional 1,311 shares during the period. NBC Securities Inc. grew its position in shares of Construction Partners by 36.9% during the 3rd quarter. NBC Securities Inc. now owns 4,927 shares of the company’s stock worth $343,000 after buying an additional 1,327 shares during the period. Finally, nVerses Capital LLC grew its position in shares of Construction Partners by 19.0% during the 3rd quarter. nVerses Capital LLC now owns 2,500 shares of the company’s stock worth $174,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 94.83% of the company’s stock.

Construction Partners Stock Down 0.5 %

Shares of NASDAQ ROAD opened at $81.21 on Wednesday. The stock has a market cap of $4.54 billion, a P/E ratio of 61.52, a P/E/G ratio of 1.25 and a beta of 0.74. The firm has a 50 day moving average price of $89.26 and a 200 day moving average price of $79.31. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.26 and a current ratio of 1.54. Construction Partners, Inc. has a 52-week low of $45.22 and a 52-week high of $103.69.

Construction Partners (NASDAQ:ROAD) last issued its quarterly earnings data on Thursday, November 21st. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.01). Construction Partners had a net margin of 3.78% and a return on equity of 12.90%. The firm had revenue of $538.16 million for the quarter, compared to analyst estimates of $538.04 million. During the same quarter in the prior year, the firm posted $0.59 EPS. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. Analysts expect that Construction Partners, Inc. will post 1.95 EPS for the current year.

Analyst Ratings Changes

ROAD has been the subject of several analyst reports. Robert W. Baird lifted their price target on shares of Construction Partners from $100.00 to $102.00 and gave the stock a “neutral” rating in a research report on Monday. Raymond James decreased their price objective on shares of Construction Partners from $112.00 to $104.00 and set a “strong-buy” rating for the company in a report on Thursday, January 16th. Finally, DA Davidson restated a “neutral” rating and set a $95.00 price objective on shares of Construction Partners in a report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $85.40.

Insider Buying and Selling at Construction Partners

In other news, SVP John L. Harper sold 6,000 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $94.41, for a total value of $566,460.00. Following the sale, the senior vice president now owns 154,856 shares of the company’s stock, valued at $14,619,954.96. The trade was a 3.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Charles E. Owens sold 46,596 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $101.33, for a total transaction of $4,721,572.68. Following the completion of the sale, the director now directly owns 203,404 shares in the company, valued at approximately $20,610,927.32. This represents a 18.64 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 139,225 shares of company stock valued at $13,904,358. 16.36% of the stock is currently owned by corporate insiders.

Construction Partners Company 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.