Construction Partners, Inc. (NASDAQ:ROAD) Shares Sold by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC reduced its position in Construction Partners, Inc. (NASDAQ:ROAD) by 11.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,747 shares of the company’s stock after selling 344 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Construction Partners were worth $239,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Byrne Asset Management LLC boosted its holdings in shares of Construction Partners by 33.3% in 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. Allworth Financial LP increased its position in Construction Partners by 15.0% during the 4th quarter. Allworth Financial LP now owns 1,228 shares of the company’s stock worth $114,000 after purchasing an additional 160 shares during the period. USA Financial Formulas purchased a new position in shares of Construction Partners during the 4th quarter worth approximately $31,000. HighTower Advisors LLC lifted its holdings in shares of Construction Partners by 1.2% in the 4th quarter. HighTower Advisors LLC now owns 29,531 shares of the company’s stock valued at $2,612,000 after buying an additional 350 shares during the period. Finally, Mather Group LLC. purchased a new stake in shares of Construction Partners in the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Construction Partners Price Performance

Shares of NASDAQ ROAD opened at $68.75 on Friday. 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 company’s 50-day moving average price is $75.14 and its 200 day moving average price is $82.20. Construction Partners, Inc. has a 52 week low of $49.16 and a 52 week high of $103.69. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of 64.25, a PEG ratio of 0.99 and a beta of 0.85.

Analysts Set New Price Targets

Several research firms have issued reports on ROAD. Raymond James cut their price objective on Construction Partners from $112.00 to $104.00 and set a “strong-buy” rating for the company in a research report on Thursday, January 16th. Robert W. Baird raised their price objective 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 restated a “neutral” rating and set a $95.00 target price on shares of Construction Partners in a research report on Thursday, January 30th.

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.