Intellectus Partners LLC Invests $239,000 in Construction Partners, Inc. (NASDAQ:ROAD)

Intellectus Partners LLC acquired a new position in shares of Construction Partners, Inc. (NASDAQ:ROAD) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 2,705 shares of the company’s stock, valued at approximately $239,000.

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

Insider Buying and Selling at Construction Partners

In other Construction Partners news, SVP John L. Harper sold 6,000 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $94.41, for a total value of $566,460.00. Following the sale, the senior vice president now directly owns 154,856 shares of the company’s stock, valued at approximately $14,619,954.96. This represents a 3.73 % decrease in their ownership of the stock. 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 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 sale, the chief accounting officer now directly owns 19,339 shares in the company, valued at $1,853,836.54. This represents a 11.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,934 shares of company stock worth $4,173,032. Company insiders own 16.36% of the company’s stock.

Construction Partners Trading Up 1.6 %

Construction Partners stock 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. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 64.87, a price-to-earnings-growth ratio of 0.99 and a beta of 0.79. Construction Partners, Inc. has a 52 week low of $49.16 and a 52 week high of $103.69. The company has a quick ratio of 1.23, a current ratio of 1.54 and a debt-to-equity ratio of 1.46.

Analyst Upgrades and Downgrades

ROAD has been the topic of several recent analyst reports. Raymond James cut their price objective on shares of Construction Partners from $112.00 to $104.00 and set a “strong-buy” rating on the stock in a report on Thursday, January 16th. Robert W. Baird upped their price target on shares of Construction Partners from $100.00 to $102.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $95.00 price target on shares of Construction Partners in a report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $85.40.

Construction Partners 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.