Integrated Quantitative Investments LLC acquired a new position in Construction Partners, Inc. (NASDAQ:ROAD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,434 shares of the company's stock, valued at approximately $1,100,000.
Other large investors have also recently made changes to their positions in the company. Landscape Capital Management L.L.C. acquired a new position in Construction Partners during the fourth quarter worth $278,000. Huntington National Bank raised its stake in Construction Partners by 34.8% during the 4th quarter. Huntington National Bank now owns 2,432 shares of the company's stock valued at $215,000 after acquiring an additional 628 shares during the last quarter. Geode Capital Management LLC grew its position in Construction Partners by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 1,058,054 shares of the company's stock valued at $93,617,000 after buying an additional 30,362 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Construction Partners by 6,332.5% during the fourth quarter. Franklin Resources Inc. now owns 235,880 shares of the company's stock worth $20,866,000 after acquiring an additional 232,213 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in Construction Partners during the fourth quarter worth $646,000. 94.83% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the company. 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 research note on Monday, February 10th. 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 report on Thursday, January 16th. Finally, DA Davidson reaffirmed a "neutral" rating and set a $95.00 target price on shares of Construction Partners in a research report on Thursday, January 30th.
Check Out Our Latest Analysis on Construction Partners
Construction Partners Stock Performance
ROAD traded down $0.37 during trading hours on Tuesday, hitting $69.42. 533,194 shares of the stock were exchanged, compared to its average volume of 432,504. Construction Partners, Inc. has a 12 month low of $49.16 and a 12 month high of $103.69. The stock has a 50-day simple moving average of $74.94 and a 200-day simple moving average of $82.31. 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 market cap of $3.88 billion, a price-to-earnings ratio of 64.87, a price-to-earnings-growth ratio of 0.99 and a beta of 0.85.
About Construction Partners
(
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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