Premier Fund Managers Ltd acquired a new position in shares of Construction Partners, Inc. (NASDAQ:ROAD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,473 shares of the company's stock, valued at approximately $668,000.
Other hedge funds have also recently bought and sold shares of the company. USA Financial Formulas acquired a new position in shares of Construction Partners during the fourth quarter valued at $31,000. Mather Group LLC. bought a new stake in Construction Partners during the 4th quarter worth about $33,000. Byrne Asset Management LLC lifted its position in Construction Partners by 33.3% during the 4th quarter. Byrne Asset Management LLC now owns 533 shares of the company's stock valued at $47,000 after purchasing an additional 133 shares during the period. Nisa Investment Advisors LLC lifted its position in Construction Partners by 400.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 541 shares of the company's stock valued at $48,000 after purchasing an additional 433 shares during the period. Finally, Golden State Wealth Management LLC bought a new position in shares of Construction Partners in the 4th quarter valued at about $50,000. 94.83% of the stock is currently owned by institutional investors.
Construction Partners Trading Up 1.4 %
ROAD traded up $1.03 during mid-day trading on Tuesday, hitting $72.90. The stock had a trading volume of 116,987 shares, compared to its average volume of 428,847. The stock's fifty day simple moving average is $76.40 and its 200-day simple moving average is $82.25. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 68.12, a price-to-earnings-growth ratio of 0.99 and a beta of 0.79. Construction Partners, Inc. has a 1-year low of $49.16 and a 1-year high of $103.69. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.54 and a quick ratio of 1.23.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on ROAD shares. Robert W. Baird increased their price objective on shares of Construction Partners from $100.00 to $102.00 and gave the company a "neutral" rating in a report on Monday, February 10th. Raymond James cut their price target on Construction Partners from $112.00 to $104.00 and set a "strong-buy" rating on the stock in a research note on Thursday, January 16th. Finally, DA Davidson reaffirmed a "neutral" rating and set a $95.00 price objective on shares of Construction Partners in a research note on Thursday, January 30th.
View Our Latest Stock Analysis on Construction Partners
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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