Construction Partners, Inc. (NASDAQ:ROAD) SVP Sells $442,980.00 in Stock

Construction Partners, Inc. (NASDAQ:ROAD) SVP John L. Harper sold 6,000 shares of the company’s stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $73.83, for a total transaction of $442,980.00. Following the completion of the transaction, the senior vice president now owns 159,389 shares of the company’s stock, valued at approximately $11,767,689.87. This trade represents a 3.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Construction Partners Price Performance

NASDAQ ROAD traded up $0.33 on Tuesday, reaching $79.96. 380,165 shares of the stock traded hands, compared to its average volume of 435,400. Construction Partners, Inc. has a 12 month low of $49.16 and a 12 month high of $103.69. The company has a market cap of $4.47 billion, a price-to-earnings ratio of 74.73, a P/E/G ratio of 0.99 and a beta of 0.85. The firm’s fifty day simple moving average is $74.43 and its 200 day simple moving average is $82.51. The company has a quick ratio of 1.23, a current ratio of 1.54 and a debt-to-equity ratio of 1.46.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Raymond James reduced 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. Robert W. Baird raised their price target on Construction Partners from $100.00 to $102.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $95.00 price objective on shares of Construction Partners in a report on Thursday, January 30th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc acquired a new stake in Construction Partners in the 1st quarter valued at about $30,000. USA Financial Formulas bought a new stake in shares of Construction Partners in the 4th quarter worth approximately $31,000. Mather Group LLC. acquired a new stake in Construction Partners during the fourth quarter valued at approximately $33,000. Byrne Asset Management LLC boosted its holdings in Construction Partners by 33.3% during the fourth quarter. Byrne Asset Management LLC now owns 533 shares of the company’s stock worth $47,000 after buying an additional 133 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in 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 last quarter. 94.83% of the stock is owned by institutional investors and hedge funds.

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.