Swiss National Bank Has $7.62 Million Stake in Construction Partners, Inc. (NASDAQ:ROAD)

Swiss National Bank boosted its position in shares of Construction Partners, Inc. (NASDAQ:ROAD) by 0.6% in the fourth quarter, Holdings Channel reports. The fund owned 86,100 shares of the company’s stock after acquiring an additional 500 shares during the period. Swiss National Bank’s holdings in Construction Partners were worth $7,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of Construction Partners during the 4th quarter worth about $42,527,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Construction Partners by 197.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 616,032 shares of the company’s stock worth $54,104,000 after purchasing an additional 408,610 shares during the period. Fred Alger Management LLC bought a new position in shares of Construction Partners during the 3rd quarter worth about $16,535,000. Artemis Investment Management LLP bought a new position in shares of Construction Partners during the 4th quarter worth about $18,893,000. Finally, Peregrine Capital Management LLC bought a new position in shares of Construction Partners during the 4th quarter worth about $8,172,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Raymond James lowered 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 research note on Thursday, January 16th. Robert W. Baird upped their target price 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 reissued a “neutral” rating and issued a $95.00 target price on shares of Construction Partners in a research note on Thursday, January 30th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Construction Partners has a consensus rating of “Moderate Buy” and a consensus target price of $85.40.

Construction Partners Stock Performance

NASDAQ ROAD opened at $73.83 on Friday. The stock has a market cap of $4.13 billion, a P/E ratio of 69.00, a PEG ratio of 0.99 and a beta of 0.79. Construction Partners, Inc. has a twelve month low of $49.16 and a twelve month high of $103.69. The company has a quick ratio of 1.23, a current ratio of 1.54 and a debt-to-equity ratio of 1.46. The company’s 50-day simple moving average is $78.09 and its 200 day simple moving average is $81.42.

Construction Partners 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.