EFG Asset Management North America Corp. Has $6.03 Million Stock Holdings in Construction Partners, Inc. (NASDAQ:ROAD)

EFG Asset Management North America Corp. increased its position in shares of Construction Partners, Inc. (NASDAQ:ROAD) by 48.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,090 shares of the company’s stock after acquiring an additional 22,107 shares during the period. Construction Partners comprises approximately 0.8% of EFG Asset Management North America Corp.’s portfolio, making the stock its 26th biggest holding. EFG Asset Management North America Corp.’s holdings in Construction Partners were worth $6,026,000 as of its most recent filing with the Securities and Exchange Commission.

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

Construction Partners Stock Performance

NASDAQ:ROAD opened at $79.31 on Tuesday. The firm has a market capitalization of $4.43 billion, a PE ratio of 74.12, a PEG ratio of 0.99 and a beta of 0.79. Construction Partners, Inc. has a 1 year low of $49.16 and a 1 year 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 firm’s fifty day simple moving average is $77.96 and its 200 day simple moving average is $81.74.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ROAD shares. Robert W. Baird raised their price target on shares of Construction Partners from $100.00 to $102.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Raymond James cut their target price on Construction Partners from $112.00 to $104.00 and set a “strong-buy” rating on the stock in a report on Thursday, January 16th. Finally, DA Davidson reiterated a “neutral” rating and set a $95.00 price target on shares of Construction Partners in a research note on Thursday, January 30th. Three 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 company. Based on data from MarketBeat, Construction Partners presently has an average rating of “Moderate Buy” and a consensus target price of $85.40.

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.