Intech Investment Management LLC Acquires 10,671 Shares of Construction Partners, Inc. (NASDAQ:ROAD)

Intech Investment Management LLC grew its stake in Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 95.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,810 shares of the company's stock after buying an additional 10,671 shares during the quarter. Intech Investment Management LLC's holdings in Construction Partners were worth $1,929,000 at the end of the most recent reporting period.

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

Construction Partners Stock Up 1.6 %

Shares of NASDAQ ROAD traded up $1.29 during trading hours on Tuesday, hitting $80.60. The company had a trading volume of 483,329 shares, compared to its average volume of 423,395. Construction Partners, Inc. has a 1-year low of $49.16 and a 1-year high of $103.69. The company has a quick ratio of 1.23, a current ratio of 1.54 and a debt-to-equity ratio of 1.46. The firm's 50 day moving average is $77.96 and its 200-day moving average is $81.74. The stock has a market capitalization of $4.50 billion, a P/E ratio of 75.33, a price-to-earnings-growth ratio of 0.99 and a beta of 0.79.

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Analysts Set New Price Targets

ROAD has been the subject of a number of recent research reports. Raymond James reduced their price target on Construction Partners from $112.00 to $104.00 and set a "strong-buy" rating for the company in a research report on Thursday, January 16th. DA Davidson restated a "neutral" rating and set a $95.00 target price on shares of Construction Partners in a report on Thursday, January 30th. Finally, Robert W. Baird lifted their price target on shares of Construction Partners from $100.00 to $102.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. 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 company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $85.40.

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.