Construction Partners, Inc. (NASDAQ:ROAD) Stock Position Decreased by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lessened its stake in shares of Construction Partners, Inc. (NASDAQ:ROAD) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 726,193 shares of the company’s stock after selling 21,219 shares during the period. Loomis Sayles & Co. L P owned about 1.30% of Construction Partners worth $64,239,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ROAD. USA Financial Formulas acquired a new stake in shares of Construction Partners during the fourth quarter valued at approximately $31,000. Mather Group LLC. acquired a new stake in Construction Partners during the 4th quarter valued at $33,000. Byrne Asset Management LLC lifted its holdings in shares of Construction Partners by 33.3% in the fourth quarter. Byrne Asset Management LLC now owns 533 shares of the company’s stock valued at $47,000 after purchasing an additional 133 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Construction Partners by 400.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 541 shares of the company’s stock worth $48,000 after buying an additional 433 shares during the period. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Construction Partners in the fourth quarter worth $50,000. 94.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ROAD shares. DA Davidson reissued a “neutral” rating and issued a $95.00 price objective on shares of Construction Partners in a research note on Thursday, January 30th. Raymond James reduced their price target on shares of 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, Robert W. Baird boosted their price objective on shares of Construction Partners from $100.00 to $102.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. Three 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, the company has an average rating of “Moderate Buy” and an average target price of $85.40.

Construction Partners Stock Down 5.2 %

ROAD opened at $76.39 on Thursday. The company has a market capitalization of $4.27 billion, a PE ratio of 71.39, a price-to-earnings-growth ratio of 0.99 and a beta of 0.79. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.54 and a quick ratio of 1.23. Construction Partners, Inc. has a fifty-two week low of $49.16 and a fifty-two week high of $103.69. The business has a 50-day moving average of $77.53 and a 200-day moving average of $81.86.

About Construction Partners

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.