Thames Capital Management LLC Purchases Shares of 76,790 Construction Partners, Inc. (NASDAQ:ROAD)

Thames Capital Management LLC acquired a new stake in shares of Construction Partners, Inc. (NASDAQ:ROAD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 76,790 shares of the company's stock, valued at approximately $6,793,000. Construction Partners makes up about 1.8% of Thames Capital Management LLC's investment portfolio, making the stock its 24th biggest position. Thames Capital Management LLC owned 0.14% of Construction Partners at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Walleye Capital LLC acquired a new position in Construction Partners in the third quarter worth about $228,000. Benjamin Edwards Inc. boosted its position in Construction Partners by 8.7% during the 3rd quarter. Benjamin Edwards Inc. now owns 7,419 shares of the company's stock valued at $518,000 after purchasing an additional 594 shares during the period. Stifel Financial Corp grew its stake in Construction Partners by 3.4% during the 3rd quarter. Stifel Financial Corp now owns 108,132 shares of the company's stock worth $7,548,000 after buying an additional 3,513 shares during the last quarter. State Street Corp lifted its stake in Construction Partners by 2.7% in the third quarter. State Street Corp now owns 1,004,867 shares of the company's stock valued at $70,140,000 after buying an additional 26,189 shares during the last quarter. Finally, Voya Financial Advisors Inc. acquired a new position in shares of Construction Partners during the third quarter valued at $203,000. Institutional investors own 94.83% of the company's stock.

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Construction Partners Price Performance

Shares of ROAD stock traded up $1.18 during mid-day trading on Friday, hitting $79.29. 107,037 shares of the stock traded hands, compared to its average volume of 433,528. Construction Partners, Inc. has a twelve month low of $49.16 and a twelve month 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 company's 50-day simple moving average is $74.48 and its 200-day simple moving average is $82.28. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of 74.32, a price-to-earnings-growth ratio of 0.99 and a beta of 0.85.

Analyst Ratings Changes

A number of research firms have recently weighed in on ROAD. Robert W. Baird lifted their price target on Construction Partners from $100.00 to $102.00 and gave the company a "neutral" rating in a report on Monday, February 10th. Raymond James decreased their price target on Construction Partners from $112.00 to $104.00 and set a "strong-buy" rating for the company in a research note on Thursday, January 16th. Finally, DA Davidson restated a "neutral" rating and set a $95.00 price objective on shares of Construction Partners in a research note on Thursday, January 30th.

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.