Construction Partners, Inc. (NASDAQ:ROAD) Stock Holdings Reduced by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC cut its position in shares of Construction Partners, Inc. (NASDAQ:ROAD) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,696 shares of the company’s stock after selling 1,971 shares during the period. Segall Bryant & Hamill LLC’s holdings in Construction Partners were worth $12,977,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Sheets Smith Investment Management bought a new position in Construction Partners during the fourth quarter valued at approximately $1,478,000. Advantage Alpha Capital Partners LP bought a new stake in Construction Partners in the fourth quarter worth approximately $2,700,000. Vanguard Group Inc. increased its stake in shares of Construction Partners by 42.8% during the 4th quarter. Vanguard Group Inc. now owns 3,492,368 shares of the company’s stock worth $308,935,000 after purchasing an additional 1,046,617 shares during the last quarter. LPL Financial LLC raised its holdings 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 purchasing an additional 11,625 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Construction Partners during the 4th quarter valued at $805,000. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Construction Partners Trading Up 1.6 %

Construction Partners stock opened at $80.60 on Wednesday. Construction Partners, Inc. has a 52 week low of $49.16 and a 52 week high of $103.69. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.23 and a current ratio of 1.54. The firm has a market capitalization of $4.50 billion, a PE ratio of 75.33, a PEG ratio of 0.99 and a beta of 0.79. The business’s 50-day simple moving average is $77.83 and its 200-day simple moving average is $81.90.

Wall Street Analysts Forecast Growth

Several research firms have commented on ROAD. Raymond James lowered their target price 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. DA Davidson reissued a “neutral” rating and set a $95.00 price objective on shares of Construction Partners in a report on Thursday, January 30th. Finally, Robert W. Baird boosted 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. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $85.40.

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.