Meeder Asset Management Inc. acquired a new stake in Construction Partners, Inc. (NASDAQ:ROAD - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 7,307 shares of the company's stock, valued at approximately $646,000.
Several other institutional investors also recently bought and sold shares of ROAD. Sheets Smith Wealth Management purchased a new stake in shares of Construction Partners in the fourth quarter valued at about $632,000. Artemis Investment Management LLP acquired a new stake in Construction Partners in the fourth quarter valued at about $18,893,000. Washington University purchased a new stake in Construction Partners in the 4th quarter valued at approximately $3,452,000. Sanctuary Advisors LLC acquired a new position in Construction Partners during the 3rd quarter worth approximately $288,000. Finally, State Street Corp raised its stake in shares of Construction Partners by 2.7% during the 3rd quarter. State Street Corp now owns 1,004,867 shares of the company's stock worth $70,140,000 after buying an additional 26,189 shares in the last quarter. 94.83% of the stock is owned by institutional investors and hedge funds.
Construction Partners Price Performance
Shares of ROAD traded down $2.57 on Friday, reaching $68.75. The stock had a trading volume of 471,335 shares, compared to its average volume of 431,002. Construction Partners, Inc. has a twelve month low of $49.16 and a twelve month high of $103.69. The firm 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 firm has a 50-day moving average of $75.14 and a 200 day moving average of $82.28. The company has a quick ratio of 1.23, a current ratio of 1.54 and a debt-to-equity ratio of 1.46.
Analyst Upgrades and Downgrades
ROAD has been the topic of a number of analyst reports. DA Davidson restated a "neutral" rating and issued a $95.00 price target on shares of Construction Partners in a research note on Thursday, January 30th. Raymond James decreased their target price on shares of 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. Finally, Robert W. Baird upped their price target 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.
View Our Latest Report on ROAD
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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