Fred Julius Smith III Buys 9,333 Shares of Construction Partners, Inc. (NASDAQ:ROAD) Stock

Construction Partners, Inc. (NASDAQ:ROAD - Get Free Report) CEO Fred Julius Smith III acquired 9,333 shares of the business's stock in a transaction that occurred on Monday, April 14th. The shares were bought at an average price of $73.83 per share, with a total value of $689,055.39. Following the completion of the purchase, the chief executive officer now owns 9,333 shares in the company, valued at $689,055.39. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Construction Partners Price Performance

Shares of NASDAQ:ROAD traded down $1.02 during midday trading on Friday, reaching $77.45. 632,114 shares of the company were exchanged, compared to its average volume of 437,566. The company has a current ratio of 1.54, a quick ratio of 1.23 and a debt-to-equity ratio of 1.46. The stock has a market cap of $4.33 billion, a PE ratio of 72.38, a price-to-earnings-growth ratio of 0.99 and a beta of 0.85. The business's fifty day moving average is $74.01 and its two-hundred day moving average is $82.68. Construction Partners, Inc. has a one year low of $49.45 and a one year high of $103.69.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ROAD shares. Raymond James lowered their target price on shares of Construction Partners from $112.00 to $104.00 and set a "strong-buy" rating on the stock in a research note on Thursday, January 16th. DA Davidson reissued a "neutral" rating and set a $95.00 price target on shares of Construction Partners in a report on Thursday, January 30th. Finally, Robert W. Baird upped their price objective on Construction Partners from $100.00 to $102.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th.

Institutional Investors Weigh In On Construction Partners

Several large investors have recently made changes to their positions in ROAD. USA Financial Formulas purchased a new position in Construction Partners during the 4th quarter valued at approximately $31,000. Mather Group LLC. bought a new position in shares of Construction Partners during the 4th quarter valued at approximately $33,000. Versant Capital Management Inc purchased a new position in shares of Construction Partners in the first quarter valued at $30,000. Byrne Asset Management LLC grew 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. Finally, Nisa Investment Advisors LLC increased 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 purchasing an additional 433 shares during the last quarter. 94.83% of the stock is owned by institutional investors.

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.