Construction Partners, Inc. (NASDAQ:ROAD) SVP John L. Harper Sells 6,000 Shares

Construction Partners, Inc. (NASDAQ:ROAD) SVP John L. Harper sold 6,000 shares of the stock in a transaction on Monday, April 14th. The shares were 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 owns 159,389 shares of the company’s stock, valued at $11,767,689.87. This trade represents a 3.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Construction Partners Stock Up 0.4 %

Shares of NASDAQ ROAD traded up $0.33 during mid-day trading on Tuesday, reaching $79.96. The company had a trading volume of 380,165 shares, compared to its average volume of 435,400. The stock has a fifty day moving average of $74.43 and a two-hundred day moving average of $82.51. Construction Partners, Inc. has a 12-month low of $49.16 and a 12-month high of $103.69. The company has a market capitalization of $4.47 billion, a price-to-earnings ratio of 74.73, a PEG ratio of 0.99 and a beta of 0.85. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.23 and a current ratio of 1.54.

Analyst Upgrades and Downgrades

Several brokerages have commented on ROAD. Robert W. Baird raised their target price on shares of Construction Partners from $100.00 to $102.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Raymond James lowered their price objective on shares of 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. Finally, DA Davidson reissued a “neutral” rating and set a $95.00 target price on shares of Construction Partners in a research note on Thursday, January 30th.

Institutional Investors Weigh In On Construction Partners

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc acquired a new position in shares of Construction Partners in the first quarter worth $30,000. USA Financial Formulas bought a new stake in shares of Construction Partners in the 4th quarter valued at approximately $31,000. Mather Group LLC. acquired a new position in Construction Partners in the fourth quarter worth approximately $33,000. Byrne Asset Management LLC lifted its stake 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 acquiring an additional 133 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Construction Partners by 400.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 541 shares of the company’s stock valued at $48,000 after acquiring an additional 433 shares during the last quarter. Hedge funds and other institutional investors own 94.83% of the company’s stock.

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.