Natixis Advisors LLC Sells 6,788 Shares of Construction Partners, Inc. (NASDAQ:ROAD)

Natixis Advisors LLC lessened its stake in shares of Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 1.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 470,480 shares of the company's stock after selling 6,788 shares during the period. Natixis Advisors LLC owned 0.84% of Construction Partners worth $41,619,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. USA Financial Formulas bought a new stake in Construction Partners during the fourth quarter valued at about $31,000. Mather Group LLC. bought a new position in shares of Construction Partners in the fourth quarter worth about $33,000. Byrne Asset Management LLC boosted its stake in shares of Construction Partners by 33.3% in the fourth quarter. Byrne Asset Management LLC now owns 533 shares of the company's stock worth $47,000 after acquiring an additional 133 shares during the period. Nisa Investment Advisors LLC boosted 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. Finally, Golden State Wealth Management LLC bought a new position in shares of Construction Partners in the fourth quarter worth about $50,000. Institutional investors own 94.83% of the company's stock.

Construction Partners Trading Up 0.3 %

ROAD stock traded up $0.22 during midday trading on Thursday, reaching $76.16. 404,120 shares of the company traded hands, compared to its average volume of 609,970. Construction Partners, Inc. has a 52-week low of $49.16 and a 52-week high of $103.69. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.23 and a current ratio of 1.54. The business has a 50 day moving average of $78.64 and a 200-day moving average of $81.26. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of 71.18, a P/E/G ratio of 0.99 and a beta of 0.79.

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Insider Buying and Selling at Construction Partners

In other news, CAO Todd Keith Andrews sold 5,489 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $91.84, for a total value of $504,109.76. Following the sale, the chief accounting officer now directly owns 17,394 shares in the company, valued at approximately $1,597,464.96. This represents a 23.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 16.36% of the company's stock.

Analyst Upgrades and Downgrades

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

Construction Partners 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.