Semanteon Capital Management LP Invests $1.15 Million in Construction Partners, Inc. (NASDAQ:ROAD)

Semanteon Capital Management LP purchased a new stake in shares of Construction Partners, Inc. (NASDAQ:ROAD) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 26,361 shares of the company’s stock, valued at approximately $1,147,000. Semanteon Capital Management LP owned 0.05% of Construction Partners as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ROAD. DAVENPORT & Co LLC raised its holdings in Construction Partners by 2.3% in the 3rd quarter. DAVENPORT & Co LLC now owns 42,323 shares of the company’s stock valued at $1,547,000 after acquiring an additional 967 shares in the last quarter. Simplicity Solutions LLC grew its stake in shares of Construction Partners by 97.9% in the 3rd quarter. Simplicity Solutions LLC now owns 16,024 shares of the company’s stock valued at $586,000 after purchasing an additional 7,925 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Construction Partners by 17.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,394 shares of the company’s stock valued at $453,000 after purchasing an additional 1,813 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Construction Partners by 9.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 572,337 shares of the company’s stock valued at $20,925,000 after purchasing an additional 48,124 shares during the period. Finally, Park Avenue Securities LLC bought a new stake in shares of Construction Partners in the 3rd quarter valued at approximately $203,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Wall Street Analysts Forecast Growth

ROAD has been the topic of a number of research analyst reports. Sidoti lowered Construction Partners from a “buy” rating to a “neutral” rating and set a $59.00 price target on the stock. in a research report on Thursday, March 28th. Stifel Nicolaus increased their price objective on Construction Partners from $51.00 to $57.00 and gave the company a “buy” rating in a research report on Monday, February 12th. Finally, Robert W. Baird lowered Construction Partners from an “outperform” rating to a “neutral” rating and increased their price objective for the company from $46.00 to $50.00 in a research report on Monday, February 12th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $52.00.

Construction Partners Trading Up 0.8 %

Construction Partners stock traded up $0.42 during mid-day trading on Thursday, hitting $51.38. 210,773 shares of the company’s stock were exchanged, compared to its average volume of 355,790. The firm has a market capitalization of $2.71 billion, a P/E ratio of 47.57, a PEG ratio of 1.34 and a beta of 0.65. Construction Partners, Inc. has a fifty-two week low of $24.20 and a fifty-two week high of $58.65. The company has a quick ratio of 1.39, a current ratio of 1.75 and a debt-to-equity ratio of 0.82. The company’s 50 day simple moving average is $52.07 and its 200-day simple moving average is $45.70.

Construction Partners (NASDAQ:ROAD) last issued its quarterly earnings data on Friday, February 9th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.13 by $0.06. The business had revenue of $396.51 million for the quarter, compared to the consensus estimate of $393.62 million. Construction Partners had a return on equity of 11.56% and a net margin of 3.52%. The firm’s revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.04 EPS. On average, equities analysts anticipate that Construction Partners, Inc. will post 1.34 earnings per share for the current year.

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.