Barclays PLC Has $7.06 Million Stake in Construction Partners, Inc. (NASDAQ:ROAD)

Barclays PLC cut its position in Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 21.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 79,758 shares of the company's stock after selling 21,705 shares during the quarter. Barclays PLC owned about 0.14% of Construction Partners worth $7,056,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sheets Smith Wealth Management bought a new stake in shares of Construction Partners during the fourth quarter valued at about $632,000. Artemis Investment Management LLP bought a new stake in shares of Construction Partners during the fourth quarter valued at about $18,893,000. Washington University bought a new stake in shares of Construction Partners during the fourth quarter valued at about $3,452,000. Sanctuary Advisors LLC bought a new stake in shares of Construction Partners during the third quarter valued at about $288,000. Finally, Franklin Resources Inc. bought a new stake in shares of Construction Partners during the third quarter valued at about $273,000. Institutional investors own 94.83% of the company's stock.

Construction Partners Stock Up 1.2 %

NASDAQ:ROAD traded up $0.97 during trading hours on Wednesday, hitting $82.14. 317,460 shares of the company's stock traded hands, compared to its average volume of 438,232. The stock's fifty day moving average price is $74.22 and its two-hundred day moving average price is $83.09. The firm has a market cap of $4.59 billion, a P/E ratio of 76.77, a P/E/G ratio of 0.99 and a beta of 0.85. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.23 and a current ratio of 1.54. Construction Partners, Inc. has a twelve month low of $50.42 and a twelve month high of $103.69.

Analyst Ratings Changes

A number of brokerages recently weighed in on ROAD. DA Davidson restated a "neutral" rating and set a $95.00 price objective on shares of Construction Partners in a research note on Thursday, January 30th. Robert W. Baird boosted their price target on shares of Construction Partners from $100.00 to $102.00 and gave the stock a "neutral" rating in a research report on Monday, February 10th. Finally, Raymond James cut their target price on shares of Construction Partners from $104.00 to $100.00 and set a "strong-buy" rating for the company in a research note on Tuesday.

Insiders Place Their Bets

In other news, CEO Fred Julius Smith III purchased 9,333 shares of Construction Partners stock in a transaction dated Monday, April 14th. The stock was acquired at an average cost of $73.83 per share, for a total transaction of $689,055.39. Following the acquisition, the chief executive officer now directly owns 9,333 shares in the company, valued at $689,055.39. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP John L. Harper sold 6,000 shares of the firm's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $73.83, for a total value of $442,980.00. Following the completion of the transaction, the senior vice president now directly owns 159,389 shares in the company, valued at $11,767,689.87. The trade was a 3.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 16.36% of the company's stock.

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.