Construction Partners, Inc. (NASDAQ:ROAD) Position Increased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 33.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,086 shares of the company's stock after purchasing an additional 4,822 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Construction Partners were worth $1,688,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. USA Financial Formulas acquired a new stake in Construction Partners in the 4th quarter valued at approximately $31,000. Mather Group LLC. acquired a new stake in Construction Partners in the 4th quarter valued at approximately $33,000. Byrne Asset Management LLC increased its position in Construction Partners by 33.3% in the 4th quarter. Byrne Asset Management LLC now owns 533 shares of the company's stock valued at $47,000 after acquiring an additional 133 shares during the period. Nisa Investment Advisors LLC increased its position in Construction Partners by 400.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 541 shares of the company's stock valued at $48,000 after acquiring an additional 433 shares during the period. Finally, Golden State Wealth Management LLC acquired a new stake in Construction Partners in the 4th quarter valued at approximately $50,000. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on ROAD. Robert W. Baird increased their price target on Construction Partners from $100.00 to $102.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Raymond James decreased 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. Finally, DA Davidson reaffirmed a "neutral" rating and set a $95.00 price target on shares of Construction Partners in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $85.40.

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Construction Partners Stock Down 3.1 %

Shares of Construction Partners stock traded down $2.33 during midday trading on Friday, hitting $73.83. The company's stock had a trading volume of 932,183 shares, compared to its average volume of 423,400. The firm has a market capitalization of $4.13 billion, a P/E ratio of 69.00, a PEG ratio of 0.99 and a beta of 0.79. The stock has a 50-day simple moving average of $78.09 and a 200-day simple moving average of $81.42. The company has a quick ratio of 1.23, a current ratio of 1.54 and a debt-to-equity ratio of 1.46. Construction Partners, Inc. has a 1-year low of $49.16 and a 1-year high of $103.69.

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.