Johnson Financial Group Inc. Buys Shares of 744 Construction Partners, Inc. (NASDAQ:ROAD)

Johnson Financial Group Inc. bought a new stake in Construction Partners, Inc. (NASDAQ:ROAD) during the fourth quarter, Holdings Channel.com reports. The firm bought 744 shares of the company’s stock, valued at approximately $66,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. USA Financial Formulas purchased a new stake in Construction Partners in the fourth quarter valued at $31,000. Mather Group LLC. purchased a new stake in Construction Partners in the fourth quarter valued at $33,000. Byrne Asset Management LLC raised its position in Construction Partners by 33.3% in the fourth 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 raised 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 buying an additional 433 shares during the period. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Construction Partners in the 4th quarter valued at $50,000. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Robert W. Baird boosted their price objective 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 cut their price objective 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, DA Davidson reiterated a “neutral” rating and issued a $95.00 price objective on shares of Construction Partners in a report on Thursday, January 30th.

Insider Buying and Selling

In related news, SVP John L. Harper sold 6,000 shares of the business’s stock in a transaction on Monday, April 14th. The stock was sold at an average price of $73.83, for a total transaction of $442,980.00. Following the completion of the transaction, the senior vice president now directly owns 159,389 shares of the company’s stock, valued at $11,767,689.87. The trade was a 3.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Fred Julius Smith III bought 9,333 shares of the stock in a transaction that occurred on Monday, April 14th. The shares were bought at an average cost of $73.83 per share, with a total value of $689,055.39. Following the completion of the purchase, the chief executive officer now directly owns 9,333 shares in the company, valued at $689,055.39. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 16.36% of the stock is currently owned by insiders.

Construction Partners Trading Up 1.0 %

ROAD opened at $80.60 on Tuesday. Construction Partners, Inc. has a 12 month low of $50.42 and a 12 month high of $103.69. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of 75.33, a PEG ratio of 0.99 and a beta of 0.85. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.54 and a quick ratio of 1.23. The business has a fifty day moving average price of $73.96 and a 200 day moving average price of $83.11.

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.