Construction Partners, Inc. (NASDAQ:ROAD) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC reduced its position in shares of Construction Partners, Inc. (NASDAQ:ROAD) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 146,696 shares of the company’s stock after selling 1,971 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.26% of Construction Partners worth $12,977,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ROAD. Sheets Smith Investment Management acquired a new position in shares of Construction Partners in the 4th quarter worth approximately $1,478,000. Advantage Alpha Capital Partners LP acquired a new position in Construction Partners in the fourth quarter worth approximately $2,700,000. Vanguard Group Inc. increased its holdings in shares of Construction Partners by 42.8% in the fourth quarter. Vanguard Group Inc. now owns 3,492,368 shares of the company’s stock valued at $308,935,000 after buying an additional 1,046,617 shares in the last quarter. LPL Financial LLC lifted its position in shares of Construction Partners by 42.5% during the 4th quarter. LPL Financial LLC now owns 39,006 shares of the company’s stock valued at $3,450,000 after acquiring an additional 11,625 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Construction Partners during the 4th quarter worth $805,000. 94.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ROAD shares. Raymond James reduced their target price on Construction Partners from $112.00 to $104.00 and set a “strong-buy” rating for the company in a report on Thursday, January 16th. DA Davidson reaffirmed a “neutral” rating and set a $95.00 price objective on shares of Construction Partners in a research note on Thursday, January 30th. Finally, 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. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $85.40.

Construction Partners Trading Up 1.6 %

NASDAQ:ROAD opened at $80.60 on Wednesday. The stock has a market cap of $4.50 billion, a PE ratio of 75.33, a price-to-earnings-growth ratio of 0.99 and a beta of 0.79. Construction Partners, Inc. has a fifty-two week low of $49.16 and a fifty-two week high of $103.69. 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 stock’s 50-day moving average is $77.83 and its two-hundred day moving average is $81.90.

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.