Asset Management One Co. Ltd. Sells 4,130 Shares of Construction Partners, Inc. (NASDAQ:ROAD)

Asset Management One Co. Ltd. lessened its position in shares of Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,893 shares of the company's stock after selling 4,130 shares during the period. Asset Management One Co. Ltd. owned approximately 0.12% of Construction Partners worth $5,921,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. USA Financial Formulas bought a new position in Construction Partners during the fourth quarter worth about $31,000. Mather Group LLC. acquired a new position in shares of Construction Partners during the 4th quarter worth approximately $33,000. Byrne Asset Management LLC increased its holdings in shares of Construction Partners by 33.3% during the fourth quarter. Byrne Asset Management LLC now owns 533 shares of the company's stock worth $47,000 after purchasing an additional 133 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Construction Partners by 400.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 541 shares of the company's stock valued at $48,000 after buying an additional 433 shares in the last quarter. Finally, Golden State Wealth Management LLC bought a new stake in shares of Construction Partners in the fourth quarter valued at approximately $50,000. Institutional investors and hedge funds own 94.83% of the company's stock.

Insider Activity at Construction Partners

In other Construction Partners news, Director Charles E. Owens sold 49,695 shares of the firm's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $100.81, for a total value of $5,009,752.95. Following the sale, the director now owns 130,291 shares in the company, valued at $13,134,635.71. This trade represents a 27.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP John L. Harper sold 6,000 shares of the company's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $94.41, for a total transaction of $566,460.00. Following the transaction, the senior vice president now owns 154,856 shares of the company's stock, valued at $14,619,954.96. This trade represents a 3.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 139,225 shares of company stock valued at $13,904,358. 16.36% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on ROAD. Robert W. Baird raised their price objective on Construction Partners from $100.00 to $102.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. DA Davidson restated a "neutral" rating and issued a $95.00 price target on shares of Construction Partners in a research report on Thursday, January 30th. Finally, Raymond James dropped their price target on Construction Partners from $112.00 to $104.00 and set a "strong-buy" rating for the company in a research note on Thursday, January 16th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $85.40.

Construction Partners Price Performance

NASDAQ ROAD traded down $3.80 on Friday, hitting $73.11. 427,873 shares of the company's stock were exchanged, compared to its average volume of 621,679. Construction Partners, Inc. has a 52 week low of $46.03 and a 52 week high of $103.69. The stock has a 50-day moving average of $86.45 and a 200-day moving average of $79.91. The company has a current ratio of 1.54, a quick ratio of 1.23 and a debt-to-equity ratio of 1.46. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of 68.33, a P/E/G ratio of 1.02 and a beta of 0.74.

Construction Partners (NASDAQ:ROAD - Get Free Report) last issued its earnings results on Thursday, November 21st. The company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.01). Construction Partners had a return on equity of 11.94% and a net margin of 2.82%. The business had revenue of $538.16 million for the quarter, compared to analyst estimates of $538.04 million. During the same period in the previous year, the firm posted $0.59 EPS. The firm's revenue was up 13.3% compared to the same quarter last year. Analysts expect that Construction Partners, Inc. will post 1.96 earnings per share for the current year.

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.