Inceptionr LLC Buys 1,967 Shares of Construction Partners, Inc. (NASDAQ:ROAD)

Inceptionr LLC lifted its stake in shares of Construction Partners, Inc. (NASDAQ:ROAD) by 54.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,598 shares of the company’s stock after purchasing an additional 1,967 shares during the quarter. Inceptionr LLC’s holdings in Construction Partners were worth $495,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ROAD. USA Financial Formulas bought a new stake in shares of Construction Partners during the 4th quarter valued at $31,000. Mather Group LLC. bought a new position in Construction Partners in the 4th quarter worth about $33,000. Byrne Asset Management LLC increased its stake in Construction Partners by 33.3% in the 4th quarter. Byrne Asset Management LLC now owns 533 shares of the company’s stock worth $47,000 after acquiring an additional 133 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Construction Partners by 400.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 541 shares of the company’s stock worth $48,000 after acquiring an additional 433 shares during the last quarter. Finally, Golden State Wealth Management LLC bought a new position in Construction Partners in the 4th quarter worth about $50,000. 94.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ROAD has been the topic of a number of research analyst reports. Robert W. Baird upped their target price on Construction Partners from $100.00 to $102.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Raymond James decreased their target price on 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. Finally, DA Davidson restated a “neutral” rating and issued a $95.00 target price on shares of Construction Partners in a research note on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $85.40.

Insider Transactions at Construction Partners

In other news, SVP John L. Harper sold 6,000 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $94.41, for a total value of $566,460.00. Following the completion of the transaction, the senior vice president now directly owns 154,856 shares in the company, valued at approximately $14,619,954.96. This represents a 3.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Todd Keith Andrews sold 2,511 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $95.86, for a total value of $240,704.46. Following the completion of the transaction, the chief accounting officer now owns 19,339 shares of the company’s stock, valued at $1,853,836.54. The trade was a 11.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 42,934 shares of company stock worth $4,173,032. 16.36% of the stock is currently owned by corporate insiders.

Construction Partners Price Performance

ROAD opened at $69.41 on Friday. The stock has a 50-day moving average price of $81.65 and a 200-day moving average price of $80.88. Construction Partners, Inc. has a 12-month low of $49.16 and a 12-month high of $103.69. 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 capitalization of $3.88 billion, a P/E ratio of 64.87, a PEG ratio of 0.99 and a beta of 0.79.

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.