Nicholas Company Inc. lessened its holdings in shares of Construction Partners, Inc. (NASDAQ:ROAD – Free Report) 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
Read Our Latest Stock Report on Construction Partners
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.
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Want to see what other hedge funds are holding ROAD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Construction Partners, Inc. (NASDAQ:ROAD – Free Report).
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