Construction Partners, Inc. (NASDAQ:ROAD) Holdings Trimmed by Avior Wealth Management LLC

Avior Wealth Management LLC cut its holdings in Construction Partners, Inc. (NASDAQ:ROAD) by 7.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,101 shares of the company’s stock after selling 1,566 shares during the quarter. Avior Wealth Management LLC’s holdings in Construction Partners were worth $1,690,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. USA Financial Formulas bought a new stake in shares of Construction Partners in the 4th quarter worth approximately $31,000. Nisa Investment Advisors LLC grew its position in 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 buying an additional 433 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Construction Partners by 24.4% in the third quarter. GAMMA Investing LLC now owns 873 shares of the company’s stock valued at $61,000 after buying an additional 171 shares in the last quarter. KBC Group NV lifted its position in shares of 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 last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of Construction Partners by 55.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,831 shares of the company’s stock worth $101,000 after acquiring an additional 653 shares in the last quarter. 94.83% of the stock is owned by institutional investors and hedge funds.

Construction Partners Price Performance

ROAD opened at $82.58 on Friday. The firm has a market capitalization of $4.61 billion, a P/E ratio of 62.56, a PEG ratio of 1.14 and a beta of 0.75. The stock has a fifty day moving average of $93.38 and a 200-day moving average of $76.92. The company has a quick ratio of 1.26, a current ratio of 1.54 and a debt-to-equity ratio of 0.85. Construction Partners, Inc. has a 12-month low of $41.75 and a 12-month high of $103.69.

Construction Partners (NASDAQ:ROAD) last announced its quarterly earnings data on Thursday, November 21st. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.01). Construction Partners had a return on equity of 12.90% and a net margin of 3.78%. The business had revenue of $538.16 million during the quarter, compared to analysts’ expectations of $538.04 million. During the same period in the prior year, the company posted $0.59 earnings per share. The firm’s revenue was up 13.3% on a year-over-year basis. Equities analysts forecast that Construction Partners, Inc. will post 1.95 EPS for the current fiscal year.

Analysts Set New Price Targets

ROAD has been the topic of a number of recent analyst reports. Raymond James cut 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. Robert W. Baird boosted their price objective on Construction Partners from $68.00 to $92.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Three 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 price target of $75.40.

Insider Buying and Selling at Construction Partners

In other news, CAO Todd Keith Andrews sold 2,511 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $95.86, for a total transaction of $240,704.46. Following the completion of the sale, the chief accounting officer now directly owns 19,339 shares of the company’s stock, valued at $1,853,836.54. This trade represents a 11.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP John L. Harper sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $94.41, for a total value of $566,460.00. Following the completion of the sale, the senior vice president now directly owns 154,856 shares of the company’s stock, valued at approximately $14,619,954.96. The trade was a 3.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 139,225 shares of company stock worth $13,904,358. 18.80% of the stock is currently owned by company insiders.

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.