Jones Financial Companies Lllp Has $853,000 Stock Position in Construction Partners, Inc. (NASDAQ:ROAD)

Jones Financial Companies Lllp grew its holdings in shares of Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 319.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,643 shares of the company's stock after purchasing an additional 7,342 shares during the period. Jones Financial Companies Lllp's holdings in Construction Partners were worth $853,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ROAD. USA Financial Formulas bought a new stake in shares of Construction Partners in the 4th quarter worth $31,000. Mather Group LLC. acquired a new position in Construction Partners during the fourth quarter worth about $33,000. Byrne Asset Management LLC raised its holdings in shares of Construction Partners by 33.3% in the 4th quarter. Byrne Asset Management LLC now owns 533 shares of the company's stock worth $47,000 after purchasing an additional 133 shares in the last quarter. Nisa Investment Advisors LLC lifted 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 valued at $48,000 after purchasing an additional 433 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Construction Partners in the 4th quarter valued at approximately $50,000. 94.83% of the stock is currently owned by institutional investors.

Construction Partners Stock Performance

Construction Partners stock traded up $1.07 on Friday, reaching $69.41. 724,951 shares of the stock were exchanged, compared to its average volume of 416,028. The stock has a market cap of $3.88 billion, a PE ratio of 64.87, a PEG ratio of 0.99 and a beta of 0.79. The company has a current ratio of 1.54, a quick ratio of 1.23 and a debt-to-equity ratio of 1.46. Construction Partners, Inc. has a twelve month low of $49.16 and a twelve month high of $103.69. The firm has a fifty day moving average price of $81.65 and a two-hundred day moving average price of $80.88.

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Insiders Place Their Bets

In other news, Director Suntx Capital Ii Management Co sold 12,731 shares of Construction Partners stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $99.78, for a total value of $1,270,299.18. Following the completion of the transaction, the director now owns 17,000 shares in the company, valued at approximately $1,696,260. The trade was a 42.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Todd Keith Andrews sold 2,511 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $95.86, for a total value of $240,704.46. Following the completion of the transaction, the chief accounting officer now directly owns 19,339 shares in the company, valued at $1,853,836.54. The trade was a 11.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,934 shares of company stock worth $4,173,032 in the last ninety days. Insiders own 16.36% of the company's stock.

Analyst Ratings Changes

ROAD has been the subject of a number of research reports. Raymond James reduced their price objective 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. Robert W. Baird boosted their target price on shares of Construction Partners from $100.00 to $102.00 and gave the stock a "neutral" rating in a research report on Monday, February 10th. Finally, DA Davidson reissued a "neutral" rating and set a $95.00 target price on shares of Construction Partners in a research report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $85.40.

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.