Shares of Construction Partners, Inc. (NASDAQ:ROAD - Get Free Report) fell 5.8% during mid-day trading on Thursday . The stock traded as low as $71.62 and last traded at $71.96. 300,313 shares changed hands during trading, a decline of 28% from the average session volume of 419,905 shares. The stock had previously closed at $76.39.
Analyst Upgrades and Downgrades
ROAD has been the topic of several analyst reports. Raymond James reduced their price objective on shares of Construction Partners from $112.00 to $104.00 and set a "strong-buy" rating on the stock 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 upped their target price on Construction Partners from $100.00 to $102.00 and gave the company a "neutral" rating in a report on Monday, February 10th.
View Our Latest Stock Analysis on Construction Partners
Construction Partners Stock Performance
The company has a debt-to-equity ratio of 1.46, a current ratio of 1.54 and a quick ratio of 1.23. The stock has a fifty day simple moving average of $76.77 and a two-hundred day simple moving average of $82.19. The firm has a market capitalization of $4.02 billion, a P/E ratio of 67.17, a P/E/G ratio of 0.99 and a beta of 0.79.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Total Wealth Planning & Management Inc. acquired a new position in shares of Construction Partners during the fourth quarter valued at about $663,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Construction Partners during the 4th quarter worth approximately $5,352,000. Polar Asset Management Partners Inc. bought a new position in Construction Partners in the fourth quarter worth approximately $2,105,000. Mackenzie Financial Corp increased its holdings in shares of Construction Partners by 175.1% during the fourth quarter. Mackenzie Financial Corp now owns 11,303 shares of the company's stock valued at $1,000,000 after acquiring an additional 7,195 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Construction Partners by 28.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 86,535 shares of the company's stock valued at $7,655,000 after acquiring an additional 19,008 shares in the last quarter. 94.83% of the stock is owned by institutional investors.
About Construction Partners
(
Get Free Report)
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.
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