Verus Capital Partners LLC Has $314,000 Stock Position in Construction Partners, Inc. (NASDAQ:ROAD)

Verus Capital Partners LLC lessened its holdings in Construction Partners, Inc. (NASDAQ:ROAD) by 13.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,499 shares of the company’s stock after selling 671 shares during the quarter. Verus Capital Partners LLC’s holdings in Construction Partners were worth $314,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ROAD. Envestnet Portfolio Solutions Inc. boosted its holdings in Construction Partners by 4.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 7,023 shares of the company’s stock valued at $394,000 after purchasing an additional 292 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Construction Partners in the first quarter valued at approximately $139,000. Sei Investments Co. boosted its stake in shares of Construction Partners by 12.6% in the first quarter. Sei Investments Co. now owns 72,337 shares of the company’s stock valued at $4,062,000 after buying an additional 8,083 shares during the period. ProShare Advisors LLC grew its position in Construction Partners by 15.8% during the first quarter. ProShare Advisors LLC now owns 7,709 shares of the company’s stock worth $433,000 after buying an additional 1,054 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Construction Partners by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 2,415,461 shares of the company’s stock worth $135,628,000 after acquiring an additional 69,223 shares during the period. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on ROAD. Robert W. Baird raised their price target on Construction Partners from $68.00 to $92.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus boosted their target price on shares of Construction Partners from $61.00 to $67.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Raymond James upped their price target on shares of Construction Partners from $69.00 to $72.00 and gave the stock a “strong-buy” rating in a report on Monday, August 12th. Finally, DA Davidson lifted their price objective on shares of Construction Partners from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, August 13th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $69.00.

Insider Activity at Construction Partners

In other Construction Partners news, Director Mark R. Matteson sold 25,408 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $61.97, for a total transaction of $1,574,533.76. Following the sale, the director now owns 102,592 shares of the company’s stock, valued at approximately $6,357,626.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 18.80% of the stock is owned by insiders.

Construction Partners Stock Down 3.3 %

Shares of NASDAQ ROAD opened at $91.37 on Thursday. The stock has a 50-day moving average price of $74.54 and a two-hundred day moving average price of $63.68. Construction Partners, Inc. has a 12 month low of $39.79 and a 12 month high of $97.25. The company has a current ratio of 1.60, a quick ratio of 1.30 and a debt-to-equity ratio of 0.82. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 67.68, a PEG ratio of 1.18 and a beta of 0.65.

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.