Avior Wealth Management LLC Has $1.69 Million Stake in Construction Partners, Inc. (NASDAQ:ROAD)

Avior Wealth Management LLC lowered its stake in Construction Partners, Inc. (NASDAQ:ROAD) by 7.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 19,101 shares of the company’s stock after selling 1,566 shares during the quarter. Avior Wealth Management LLC’s holdings in Construction Partners were worth $1,690,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ROAD. USA Financial Formulas bought a new position in shares of Construction Partners in the 4th quarter valued at approximately $31,000. Nisa Investment Advisors LLC grew its holdings in Construction Partners by 400.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 541 shares of the company’s stock valued at $48,000 after purchasing an additional 433 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Construction Partners by 24.4% in the third quarter. GAMMA Investing LLC now owns 873 shares of the company’s stock valued at $61,000 after purchasing an additional 171 shares during the period. KBC Group NV lifted its stake in shares of Construction Partners by 35.0% in the third quarter. KBC Group NV now owns 1,417 shares of the company’s stock worth $99,000 after buying an additional 367 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Construction Partners by 55.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,831 shares of the company’s stock worth $101,000 after buying an additional 653 shares during the period. Institutional investors own 94.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ROAD shares. Raymond James dropped their target price 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 lifted their price objective on Construction Partners from $68.00 to $92.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Construction Partners has a consensus rating of “Moderate Buy” and an average price target of $75.40.

Construction Partners Price Performance

NASDAQ:ROAD opened at $82.58 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.54 and a quick ratio of 1.26. Construction Partners, Inc. has a one year low of $41.75 and a one year high of $103.69. The company has a fifty day moving average price of $93.38 and a 200 day moving average price of $76.92. The stock has a market cap of $4.61 billion, a P/E ratio of 62.56, a PEG ratio of 1.14 and a beta of 0.75.

Construction Partners (NASDAQ:ROAD) last posted its quarterly earnings data on Thursday, November 21st. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.01). Construction Partners had a return on equity of 12.90% and a net margin of 3.78%. The company had revenue of $538.16 million for the quarter, compared to the consensus estimate of $538.04 million. During the same quarter in the previous year, the firm posted $0.59 EPS. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. Analysts anticipate that Construction Partners, Inc. will post 1.95 earnings per share for the current year.

Insider Buying and Selling at Construction Partners

In other Construction Partners news, CAO Todd Keith Andrews sold 5,489 shares of Construction Partners stock in a transaction on Friday, December 20th. The shares were sold at an average price of $91.84, for a total transaction of $504,109.76. Following the sale, the chief accounting officer now owns 17,394 shares in the company, valued at $1,597,464.96. The trade was a 23.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP John L. Harper sold 6,000 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $94.41, for a total transaction of $566,460.00. Following the completion of the transaction, the senior vice president now owns 154,856 shares of the company’s stock, valued at approximately $14,619,954.96. This represents a 3.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 139,225 shares of company stock valued at $13,904,358 in the last quarter. Corporate insiders own 18.80% of the company’s stock.

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.