12 hours Ago By ABMN Staff
AlphaQuest LLC bought a new position in shares of Construction Partners, Inc. ( NASDAQ:ROAD – Free Report ) in the 4th quarter, Holdings Channel reports. The fund bought 1,560 shares of the company’s stock, valued at approximately $138,000.
Several other large investors have also added to or reduced their stakes in ROAD. Principal Financial Group Inc. grew its stake in Construction Partners by 4.
1% during the third quarter. Principal Financial Group Inc. now owns 40,215 shares of the company’s stock worth $2,807,000 after purchasing an additional 1,596 shares during the period.
KBC Group NV grew its stake in Construction Partners by 35.0% during the third quarter. KBC Group NV now owns 1,417 shares of the company’s stock worth $99,000 after purchasing an additional 367 shares during the period.
Pathstone Holdings LLC grew its stake in Construction Partners by 8.0% during the third quarter. Pathstone Holdings LLC now owns 61,717 shares of the company’s stock worth $4,308,000 after purchasing an additional 4,587 shares during the period.
Segall Bryant & Hamill LLC acquired a new stake in Construction Partners during the third quarter worth approximately $10,377,000. Finally, Advisors Asset Management Inc. boosted its holdings in Construction Partners by 3.
6% in the third quarter. Advisors Asset Management Inc. now owns 75,749 shares of the company’s stock worth $5,287,000 after acquiring an additional 2,647 shares in the last quarter.
Institutional investors and hedge funds own 94.83% of the company’s stock. Insider Activity In other news, CAO Todd Keith Andrews sold 5,489 shares of the firm’s stock in a transaction that occurred on Friday, December 20th.
The stock was sold at an average price of $91.84, for a total value of $504,109.76.
Following the transaction, the chief accounting officer now owns 17,394 shares in the company, valued at $1,597,464.96. This trade represents a 23.
99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink . Corporate insiders own 16.
36% of the company’s stock. Construction Partners Stock Up 3.1 % Wall Street Analysts Forecast Growth ROAD has been the topic of several recent research reports.
Raymond James cut their price target 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.
DA Davidson reiterated a “neutral” rating and issued a $95.00 price target on shares of Construction Partners in a report on Thursday, January 30th. Finally, Robert W.
Baird increased 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.
Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Construction Partners currently has an average rating of “Moderate Buy” and an average price target of $85.40.
Get Our Latest Analysis on ROAD About Construction Partners ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding ROAD? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Construction Partners, Inc. ( NASDAQ:ROAD – Free Report ). Receive News & Ratings for Construction Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Construction Partners and related companies with MarketBeat.
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