Construction Partners, Inc. (NASDAQ:ROAD) SVP Sells $442,980.00 in Stock

Construction Partners, Inc. (NASDAQ:ROAD - Get Free Report) SVP John L. Harper sold 6,000 shares of the stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $73.83, for a total value of $442,980.00. Following the transaction, the senior vice president now owns 159,389 shares in the company, valued at approximately $11,767,689.87. This trade represents a 3.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Construction Partners Stock Down 1.3 %

ROAD traded down $1.02 during midday trading on Friday, reaching $77.45. 632,114 shares of the company were exchanged, compared to its average volume of 438,274. Construction Partners, Inc. has a one year low of $49.16 and a one year high of $103.69. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.23 and a current ratio of 1.54. The company's fifty day moving average price is $74.01 and its 200 day moving average price is $82.58. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 72.38, a price-to-earnings-growth ratio of 0.99 and a beta of 0.85.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ROAD shares. Raymond James cut 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. DA Davidson restated a "neutral" rating and set a $95.00 price objective on shares of Construction Partners in a research report on Thursday, January 30th. Finally, Robert W. Baird boosted 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.

Institutional Investors Weigh In On Construction Partners

A number of institutional investors and hedge funds have recently bought and sold shares of ROAD. Sheets Smith Wealth Management bought a new stake in shares of Construction Partners in the 4th quarter worth $632,000. Artemis Investment Management LLP bought a new stake in Construction Partners in the 4th quarter worth about $18,893,000. Washington University purchased a new stake in shares of Construction Partners during the fourth quarter valued at approximately $3,452,000. Sanctuary Advisors LLC purchased a new stake in shares of Construction Partners during the 3rd quarter valued at $288,000. Finally, State Street Corp raised its position in Construction Partners by 2.7% in the third quarter. State Street Corp now owns 1,004,867 shares of the company's stock worth $70,140,000 after acquiring an additional 26,189 shares during the period. 94.83% of the stock is owned by hedge funds and other institutional investors.

About Construction Partners

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.