Construction Partners, Inc. (NASDAQ:ROAD) Shares Sold by Barclays PLC

Barclays PLC lessened its position in Construction Partners, Inc. (NASDAQ:ROAD) by 21.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 79,758 shares of the company’s stock after selling 21,705 shares during the period. Barclays PLC owned approximately 0.14% of Construction Partners worth $7,056,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. USA Financial Formulas acquired a new position in Construction Partners during the fourth quarter worth $31,000. Mather Group LLC. acquired a new position in shares of Construction Partners during the 4th quarter worth $33,000. Byrne Asset Management LLC grew its stake in shares of Construction Partners by 33.3% during the 4th quarter. Byrne Asset Management LLC now owns 533 shares of the company’s stock worth $47,000 after purchasing an additional 133 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Construction Partners by 400.9% in 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 in the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Construction Partners in the fourth quarter valued at about $50,000. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Insider Buying and Selling

In related news, SVP John L. Harper sold 6,000 shares of Construction Partners stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $73.83, for a total value of $442,980.00. Following the completion of the transaction, the senior vice president now directly owns 159,389 shares in the company, valued at approximately $11,767,689.87. This trade represents a 3.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Fred Julius Smith III bought 9,333 shares of the firm’s stock in a transaction dated Monday, April 14th. The stock was purchased at an average price of $73.83 per share, with a total value of $689,055.39. Following the transaction, the chief executive officer now owns 9,333 shares in the company, valued at approximately $689,055.39. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 16.36% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ROAD. DA Davidson reaffirmed a “neutral” rating and issued a $95.00 price objective on shares of Construction Partners in a research note on Thursday, January 30th. Raymond James lowered their target price on Construction Partners from $112.00 to $104.00 and set a “strong-buy” rating on the stock in a report on Thursday, January 16th. Finally, Robert W. Baird boosted their price objective on shares of Construction Partners from $100.00 to $102.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th.

Construction Partners Price Performance

Shares of NASDAQ ROAD opened at $81.16 on Friday. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.54 and a quick ratio of 1.23. Construction Partners, Inc. has a 1-year low of $49.86 and a 1-year high of $103.69. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 75.85, a PEG ratio of 0.99 and a beta of 0.85. The business has a 50-day moving average of $73.91 and a 200-day moving average of $82.83.

Construction Partners Company 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.