Construction Partners, Inc. (NASDAQ:ROAD) Shares Sold by Nicholas Company Inc.

Nicholas Company Inc. lessened its holdings in shares of Construction Partners, Inc. (NASDAQ:ROAD) by 5.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 103,163 shares of the company’s stock after selling 5,594 shares during the period. Nicholas Company Inc.’s holdings in Construction Partners were worth $9,126,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Sheets Smith Wealth Management acquired a new stake in Construction Partners during the 4th quarter valued at approximately $632,000. Segall Bryant & Hamill LLC bought a new stake in shares of Construction Partners in the 3rd quarter worth approximately $10,377,000. Intech Investment Management LLC bought a new stake in shares of Construction Partners in the 3rd quarter worth approximately $778,000. Artemis Investment Management LLP bought a new stake in shares of Construction Partners in the 4th quarter worth approximately $18,893,000. Finally, Washington University bought a new stake in Construction Partners during the 4th quarter valued at $3,452,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Insider Activity at Construction Partners

In other Construction Partners news, CAO Todd Keith Andrews sold 5,489 shares of the business’s stock in a transaction dated 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 sale, the chief accounting officer now owns 17,394 shares of the company’s stock, valued at $1,597,464.96. The trade was a 23.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 16.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Raymond James cut their target price on Construction Partners from $112.00 to $104.00 and set a “strong-buy” rating on the stock in a research note on Thursday, January 16th. Robert W. Baird lifted their target price on Construction Partners from $100.00 to $102.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Finally, DA Davidson reiterated a “neutral” rating and set a $95.00 price target on shares of Construction Partners in a 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.40.

Construction Partners Price Performance

ROAD opened at $71.58 on Friday. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 66.90, a PEG ratio of 0.99 and a beta of 0.79. Construction Partners, Inc. has a 1 year low of $49.16 and a 1 year high of $103.69. The company has a current ratio of 1.54, a quick ratio of 1.23 and a debt-to-equity ratio of 1.46. The stock has a fifty day moving average price of $79.66 and a 200 day moving average price of $81.07.

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.