Geode Capital Management LLC increased its holdings in shares of Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,058,054 shares of the company's stock after purchasing an additional 30,362 shares during the quarter. Geode Capital Management LLC owned 1.89% of Construction Partners worth $93,617,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. USA Financial Formulas purchased a new stake in shares of Construction Partners in the 4th quarter valued at $31,000. Mather Group LLC. acquired a new stake in shares of Construction Partners during the fourth quarter worth about $33,000. Byrne Asset Management LLC boosted its stake in shares of Construction Partners by 33.3% in the fourth quarter. Byrne Asset Management LLC now owns 533 shares of the company's stock valued at $47,000 after purchasing an additional 133 shares during the period. Nisa Investment Advisors LLC grew its holdings 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 purchasing an additional 433 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in Construction Partners during the 4th quarter worth approximately $50,000. Institutional investors and hedge funds own 94.83% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently weighed in on the company. Raymond James cut their price objective on Construction Partners from $112.00 to $104.00 and set a "strong-buy" rating on the stock in a research report on Thursday, January 16th. Robert W. Baird upped their target price on shares of Construction Partners from $100.00 to $102.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Finally, DA Davidson reiterated a "neutral" rating and issued a $95.00 price target on shares of Construction Partners in a research note on Thursday, January 30th.
Get Our Latest Report on ROAD
Construction Partners Stock Down 0.1 %
Shares of NASDAQ:ROAD traded down $0.04 on Tuesday, hitting $79.59. 186,074 shares of the company's stock were exchanged, compared to its average volume of 434,662. The firm's 50-day moving average is $74.43 and its 200 day moving average is $82.51. The company has a market capitalization of $4.45 billion, a PE ratio of 74.38, a P/E/G ratio of 0.99 and a beta of 0.85. Construction Partners, Inc. has a 1-year low of $49.16 and a 1-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.
Construction Partners Profile
(
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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