Canada Pension Plan Investment Board Takes $425,000 Position in Construction Partners, Inc. (NASDAQ:ROAD)

Canada Pension Plan Investment Board bought a new stake in shares of Construction Partners, Inc. (NASDAQ:ROAD - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,800 shares of the company's stock, valued at approximately $425,000.

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

Insider Buying and Selling at Construction Partners

In other Construction Partners news, SVP John L. Harper sold 6,000 shares of the business'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 sale, the senior vice president now owns 159,389 shares in the company, valued at approximately $11,767,689.87. The trade was a 3.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Fred Julius Smith III bought 9,333 shares of the stock in a transaction dated Monday, April 14th. The stock was bought at an average price of $73.83 per share, for a total transaction of $689,055.39. Following the purchase, the chief executive officer now directly owns 9,333 shares of the company's stock, valued at approximately $689,055.39. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 16.36% of the company's stock.

Construction Partners Stock Down 0.9 %

ROAD stock traded down $0.77 on Wednesday, hitting $80.40. 50,250 shares of the company's stock were exchanged, compared to its average volume of 436,463. Construction Partners, Inc. has a 12-month low of $50.42 and a 12-month high of $103.69. The firm has a 50 day moving average price of $74.04 and a two-hundred day moving average price of $83.09. 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 stock has a market cap of $4.49 billion, a P/E ratio of 75.34, a price-to-earnings-growth ratio of 0.99 and a beta of 0.85.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Raymond James decreased their price target on shares of Construction Partners from $104.00 to $100.00 and set a "strong-buy" rating on the stock in a research note on Tuesday. DA Davidson restated a "neutral" rating and set a $95.00 target price on shares of Construction Partners in a research report on Thursday, January 30th. Finally, Robert W. Baird raised their price target on shares of Construction Partners from $100.00 to $102.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th.

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.