Dimensional Fund Advisors LP Cuts Stake in Construction Partners, Inc. (NASDAQ:ROAD)

Dimensional Fund Advisors LP trimmed its holdings in Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 949,436 shares of the company's stock after selling 51,802 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.70% of Construction Partners worth $83,990,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Construction Partners by 42.8% in the fourth 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 period. FMR LLC grew its holdings in shares of Construction Partners by 32.1% in the fourth quarter. FMR LLC now owns 2,329,801 shares of the company's stock worth $206,094,000 after purchasing an additional 565,583 shares during the last quarter. Invesco Ltd. increased its stake in Construction Partners by 75.6% in the 4th quarter. Invesco Ltd. now owns 1,493,866 shares of the company's stock worth $132,147,000 after buying an additional 642,987 shares during the period. Geode Capital Management LLC lifted its holdings in Construction Partners by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 1,058,054 shares of the company's stock valued at $93,617,000 after buying an additional 30,362 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in Construction Partners by 44.9% during the 4th quarter. First Trust Advisors LP now owns 839,873 shares of the company's stock valued at $74,295,000 after buying an additional 260,148 shares in the last quarter. 94.83% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Fred Julius Smith III purchased 9,333 shares of the business's stock in a transaction dated Monday, April 14th. The shares were 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 owns 9,333 shares of the company's stock, valued at $689,055.39. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP John L. Harper sold 6,000 shares of the business's stock in a transaction on Monday, April 14th. The stock was 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 of the company's stock, valued at approximately $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. 16.36% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on ROAD. DA Davidson reaffirmed a "neutral" rating and set a $95.00 target price on shares of Construction Partners in a research report on Thursday, January 30th. Robert W. Baird raised their price objective on Construction Partners from $100.00 to $102.00 and gave the stock a "neutral" rating in a report on Monday, February 10th. Finally, Raymond James lowered their target price on Construction Partners from $104.00 to $100.00 and set a "strong-buy" rating for the company in a report on Tuesday, April 29th.

Construction Partners Stock Down 0.3 %

Shares of NASDAQ:ROAD traded down $0.26 during trading hours on Monday, hitting $89.31. The company's stock had a trading volume of 54,679 shares, compared to its average volume of 437,204. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.54 and a quick ratio of 1.23. The firm's fifty day moving average price is $74.95 and its 200 day moving average price is $83.39. Construction Partners, Inc. has a 52 week low of $51.63 and a 52 week high of $103.69. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of 83.28, a P/E/G ratio of 0.99 and a beta of 0.87.

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.