Calamos Advisors LLC Has $2.95 Million Position in Construction Partners, Inc. (NASDAQ:ROAD)

Calamos Advisors LLC raised its holdings in shares of Construction Partners, Inc. (NASDAQ:ROAD) by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,390 shares of the company’s stock after purchasing an additional 1,827 shares during the quarter. Calamos Advisors LLC owned 0.06% of Construction Partners worth $2,954,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. USA Financial Formulas bought a new stake in shares of Construction Partners during the fourth quarter worth about $31,000. Nisa Investment Advisors LLC boosted its stake in Construction Partners by 400.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 541 shares of the company’s stock valued at $48,000 after purchasing an additional 433 shares during the last quarter. GAMMA Investing LLC increased its holdings in 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 purchasing an additional 171 shares in the last quarter. KBC Group NV raised its stake in shares of Construction Partners by 35.0% in the third quarter. KBC Group NV now owns 1,417 shares of the company’s stock worth $99,000 after purchasing an additional 367 shares during the last quarter. Finally, nVerses Capital LLC lifted its holdings in shares of Construction Partners by 19.0% in the third quarter. nVerses Capital LLC now owns 2,500 shares of the company’s stock valued at $174,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 94.83% of the company’s stock.

Insider Buying and Selling

In other Construction Partners news, CAO Todd Keith Andrews sold 2,511 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $95.86, for a total value of $240,704.46. Following the sale, the chief accounting officer now directly owns 19,339 shares in the company, valued at $1,853,836.54. The trade was a 11.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP John L. Harper sold 6,000 shares of the company’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 transaction, the senior vice president now directly owns 154,856 shares in the company, valued at $14,619,954.96. This represents a 3.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 139,225 shares of company stock valued at $13,904,358. 16.36% of the stock is owned by company insiders.

Construction Partners Trading Up 2.7 %

Shares of Construction Partners stock opened at $81.95 on Wednesday. The firm has a market cap of $4.58 billion, a PE ratio of 62.08, a P/E/G ratio of 0.99 and a beta of 0.74. Construction Partners, Inc. has a 1 year low of $44.77 and a 1 year high of $103.69. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.54 and a quick ratio of 1.26. The stock has a fifty day moving average price of $91.06 and a 200-day moving average price of $78.55.

Construction Partners (NASDAQ:ROAD) last posted 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). The company had revenue of $538.16 million for the quarter, compared to analysts’ expectations of $538.04 million. Construction Partners had a return on equity of 12.90% and a net margin of 3.78%. The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the business posted $0.59 EPS. Equities research analysts anticipate that Construction Partners, Inc. will post 1.95 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ROAD shares. DA Davidson reiterated a “neutral” rating and set a $95.00 price target on shares of Construction Partners in a report on Thursday, January 30th. Raymond James lowered their target price 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, Robert W. Baird boosted their price target on shares of Construction Partners from $68.00 to $92.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Three investment 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.40.

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.