Keybank National Association OH Sells 1,380 Shares of Construction Partners, Inc. (NASDAQ:ROAD)

Keybank National Association OH lessened its stake in shares of Construction Partners, Inc. (NASDAQ:ROAD) by 16.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 7,009 shares of the company’s stock after selling 1,380 shares during the period. Keybank National Association OH’s holdings in Construction Partners were worth $620,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. USA Financial Formulas acquired a new position in shares of Construction Partners during the 4th quarter worth about $31,000. Mather Group LLC. acquired a new position in shares of Construction Partners during the 4th quarter worth about $33,000. Byrne Asset Management LLC lifted its position 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 last quarter. Nisa Investment Advisors LLC lifted its position in shares of Construction Partners by 400.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 541 shares of the company’s stock worth $48,000 after purchasing an additional 433 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in shares of Construction Partners during the 4th quarter worth about $50,000. Institutional investors own 94.83% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on ROAD shares. Robert W. Baird boosted their price objective on Construction Partners from $100.00 to $102.00 and gave the stock a “neutral” rating in a research 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 for the company in a research report on Thursday, January 16th. Finally, DA Davidson reissued a “neutral” rating and set a $95.00 price objective on shares of Construction Partners in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $85.40.

Insider Transactions at Construction Partners

In other news, CAO Todd Keith Andrews sold 5,489 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $91.84, for a total value of $504,109.76. Following the completion of the transaction, the chief accounting officer now directly owns 17,394 shares of the company’s stock, valued at approximately $1,597,464.96. This represents a 23.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Suntx Capital Ii Management Co sold 12,731 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $99.78, for a total value of $1,270,299.18. Following the completion of the transaction, the director now directly owns 17,000 shares of the company’s stock, valued at approximately $1,696,260. The trade was a 42.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,934 shares of company stock valued at $4,173,032. Corporate insiders own 16.36% of the company’s stock.

Construction Partners Trading Up 1.6 %

Construction Partners stock opened at $69.41 on Friday. The business has a 50 day moving average price of $81.65 and a two-hundred day moving average price of $80.88. The company has a quick ratio of 1.23, a current ratio of 1.54 and a debt-to-equity ratio of 1.46. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 64.87, a price-to-earnings-growth ratio of 0.99 and a beta of 0.79. Construction Partners, Inc. has a 12 month low of $49.16 and a 12 month high of $103.69.

Construction Partners 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.