KLP Kapitalforvaltning AS acquired a new stake in shares of Construction Partners, Inc. (NASDAQ:ROAD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,100 shares of the company's stock, valued at approximately $805,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in ROAD. USA Financial Formulas purchased a new stake in shares of Construction Partners in the fourth quarter valued at about $31,000. Mather Group LLC. bought a new stake in Construction Partners in the 4th quarter worth about $33,000. Byrne Asset Management LLC increased its stake in Construction Partners by 33.3% in the 4th quarter. Byrne Asset Management LLC now owns 533 shares of the company's stock valued at $47,000 after buying an additional 133 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Construction Partners by 400.9% during the 4th 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 purchased a new position in shares of Construction Partners in the 4th quarter worth approximately $50,000. Institutional investors own 94.83% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently issued reports on ROAD. Raymond James decreased their target price 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 raised their price objective on shares of Construction Partners from $100.00 to $102.00 and gave the stock a "neutral" rating in a report on Monday, February 10th. Finally, DA Davidson reiterated a "neutral" rating and issued a $95.00 target price on shares of Construction Partners in a research note on Thursday, January 30th.
Read Our Latest Stock Analysis on ROAD
Construction Partners Price Performance
Shares of NASDAQ ROAD traded down $2.57 during mid-day trading on Friday, reaching $68.75. 471,335 shares of the company were exchanged, compared to its average volume of 431,002. Construction Partners, Inc. has a 52 week low of $49.16 and a 52 week high of $103.69. The company's 50 day moving average price is $75.14 and its 200 day moving average price is $82.28. The stock has a market capitalization of $3.84 billion, a PE ratio of 64.25, a PEG ratio of 0.99 and a beta of 0.85. The company has a quick ratio of 1.23, a current ratio of 1.54 and a debt-to-equity ratio of 1.46.
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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