Moody Aldrich Partners LLC Reduces Stock Position in Construction Partners, Inc. (NASDAQ:ROAD)

Moody Aldrich Partners LLC reduced its stake in Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 36.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,689 shares of the company's stock after selling 33,680 shares during the quarter. Moody Aldrich Partners LLC owned about 0.10% of Construction Partners worth $5,103,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of Construction Partners by 24.4% in the 3rd quarter. GAMMA Investing LLC now owns 873 shares of the company's stock worth $61,000 after purchasing an additional 171 shares in the last quarter. USA Financial Formulas purchased a new position in Construction Partners in the 4th quarter worth about $31,000. KBC Group NV lifted its stake in Construction Partners by 35.0% during the 3rd quarter. KBC Group NV now owns 1,417 shares of the company's stock valued at $99,000 after acquiring an additional 367 shares during the period. nVerses Capital LLC boosted its holdings in shares of Construction Partners by 19.0% during the 3rd quarter. nVerses Capital LLC now owns 2,500 shares of the company's stock valued at $174,000 after acquiring an additional 400 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Construction Partners by 400.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 541 shares of the company's stock worth $48,000 after acquiring an additional 433 shares during the period. Hedge funds and other institutional investors own 94.83% of the company's stock.

Analyst Ratings Changes

ROAD has been the topic of several research reports. Raymond James dropped 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 report on Thursday, January 16th. DA Davidson restated a "neutral" rating and issued a $95.00 price target on shares of Construction Partners in a research note on Thursday. Finally, Robert W. Baird upped their price objective on Construction Partners from $68.00 to $92.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.40.

Insider Buying and Selling at Construction Partners

In other news, CAO Todd Keith Andrews sold 2,511 shares of Construction Partners stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $95.86, for a total transaction of $240,704.46. Following the sale, the chief accounting officer now owns 19,339 shares in the company, valued at $1,853,836.54. This trade represents a 11.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Charles E. Owens sold 46,596 shares of the company's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $101.33, for a total transaction of $4,721,572.68. Following the transaction, the director now owns 203,404 shares of the company's stock, valued at approximately $20,610,927.32. This represents a 18.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 139,225 shares of company stock valued at $13,904,358 over the last 90 days. 18.80% of the stock is currently owned by corporate insiders.

Construction Partners Stock Performance

ROAD traded up $0.38 during trading on Friday, hitting $80.40. The company's stock had a trading volume of 641,911 shares, compared to its average volume of 560,208. Construction Partners, Inc. has a one year low of $44.70 and a one year high of $103.69. The business's 50 day simple moving average is $91.84 and its 200-day simple moving average is $78.09. The company has a quick ratio of 1.26, a current ratio of 1.54 and a debt-to-equity ratio of 0.85. The firm has a market cap of $4.49 billion, a PE ratio of 60.91, a P/E/G ratio of 0.98 and a beta of 0.75.

Construction Partners (NASDAQ:ROAD - Get Free Report) last released its earnings results on Thursday, November 21st. The company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.01). The company had revenue of $538.16 million for the quarter, compared to analysts' expectations of $538.04 million. Construction Partners had a net margin of 3.78% and a return on equity of 12.90%. Construction Partners's revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 earnings per share. As a group, sell-side analysts predict that Construction Partners, Inc. will post 1.95 EPS for the current fiscal year.

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.