76,790 Shares in Construction Partners, Inc. (NASDAQ:ROAD) Bought by Thames Capital Management LLC

Thames Capital Management LLC acquired a new stake in shares of Construction Partners, Inc. (NASDAQ:ROAD) during the 4th quarter, HoldingsChannel reports. The firm acquired 76,790 shares of the company’s stock, valued at approximately $6,793,000. Construction Partners comprises approximately 1.8% of Thames Capital Management LLC’s portfolio, making the stock its 24th largest holding.

A number of other hedge funds have also recently bought and sold shares of ROAD. Sheets Smith Wealth Management bought a new position in shares of Construction Partners during the fourth quarter valued at about $632,000. Artemis Investment Management LLP purchased a new stake in Construction Partners in the 4th quarter valued at about $18,893,000. Washington University bought a new position in shares of Construction Partners during the 4th quarter worth approximately $3,452,000. Sanctuary Advisors LLC bought a new position in shares of Construction Partners during the 3rd quarter worth approximately $288,000. Finally, State Street Corp boosted its stake in shares of Construction Partners by 2.7% in the 3rd quarter. State Street Corp now owns 1,004,867 shares of the company’s stock worth $70,140,000 after buying an additional 26,189 shares during the last quarter. 94.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ROAD. Robert W. Baird lifted their price target on Construction Partners from $100.00 to $102.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Raymond James cut their price target 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. Finally, DA Davidson restated a “neutral” rating and set a $95.00 price target on shares of Construction Partners in a research report on Thursday, January 30th.

Construction Partners Stock Performance

NASDAQ:ROAD opened at $68.75 on Friday. The company has a market capitalization of $3.84 billion, a P/E ratio of 64.25, a P/E/G ratio of 0.99 and a beta of 0.85. The business has a fifty day simple moving average of $75.14 and a two-hundred day simple moving average of $82.28. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.54 and a quick ratio of 1.23. Construction Partners, Inc. has a 1 year low of $49.16 and a 1 year high of $103.69.

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.