Natixis Advisors LLC Sells 10,425 Shares of Construction Partners, Inc. (NASDAQ:ROAD)

Natixis Advisors LLC lowered its holdings in Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 477,268 shares of the company's stock after selling 10,425 shares during the period. Natixis Advisors LLC owned approximately 0.90% of Construction Partners worth $33,313,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of Construction Partners in the first quarter worth about $139,000. Sei Investments Co. grew its position in shares of Construction Partners by 12.6% during the 1st quarter. Sei Investments Co. now owns 72,337 shares of the company's stock valued at $4,062,000 after purchasing an additional 8,083 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of Construction Partners by 15.8% in the first quarter. ProShare Advisors LLC now owns 7,709 shares of the company's stock worth $433,000 after purchasing an additional 1,054 shares during the period. Vanguard Group Inc. raised its position in shares of Construction Partners by 3.0% in the first quarter. Vanguard Group Inc. now owns 2,415,461 shares of the company's stock worth $135,628,000 after buying an additional 69,223 shares in the last quarter. Finally, Covestor Ltd boosted its stake in Construction Partners by 17,700.0% during the first quarter. Covestor Ltd now owns 534 shares of the company's stock valued at $30,000 after buying an additional 531 shares during the period. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Construction Partners news, Director Mark R. Matteson sold 25,408 shares of Construction Partners stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $61.97, for a total value of $1,574,533.76. Following the transaction, the director now directly owns 102,592 shares of the company's stock, valued at $6,357,626.24. The trade was a 19.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 18.80% of the stock is currently owned by insiders.

Construction Partners Price Performance

NASDAQ ROAD traded up $1.58 on Monday, reaching $90.10. 438,270 shares of the company's stock traded hands, compared to its average volume of 359,812. The stock has a market cap of $4.75 billion, a PE ratio of 66.74, a P/E/G ratio of 1.11 and a beta of 0.65. Construction Partners, Inc. has a 12 month low of $39.79 and a 12 month high of $97.25. The stock has a 50-day simple moving average of $76.43 and a 200 day simple moving average of $64.56. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.60 and a quick ratio of 1.30.

Analyst Ratings Changes

A number of brokerages have weighed in on ROAD. DA Davidson upped their target price on Construction Partners from $50.00 to $55.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 13th. Raymond James raised their target price on shares of Construction Partners from $69.00 to $72.00 and gave the company a "strong-buy" rating in a research note on Monday, August 12th. Stifel Nicolaus boosted their price target on shares of Construction Partners from $61.00 to $67.00 and gave the stock a "buy" rating in a research note on Monday, August 12th. Finally, Robert W. Baird raised their price objective on shares of Construction Partners from $68.00 to $92.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $69.00.

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.