Construction Partners, Inc. (NASDAQ:ROAD) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC cut its stake in Construction Partners, Inc. (NASDAQ:ROAD) by 46.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,293 shares of the company’s stock after selling 1,985 shares during the period. Orion Portfolio Solutions LLC’s holdings in Construction Partners were worth $203,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Byrne Asset Management LLC boosted its stake in Construction Partners by 33.3% during the 4th quarter. Byrne Asset Management LLC now owns 533 shares of the company’s stock valued at $47,000 after purchasing an additional 133 shares in the last quarter. Allworth Financial LP boosted its stake in Construction Partners by 15.0% during the fourth quarter. Allworth Financial LP now owns 1,228 shares of the company’s stock valued at $114,000 after buying an additional 160 shares in the last quarter. USA Financial Formulas acquired a new position in Construction Partners during the fourth quarter worth about $31,000. HighTower Advisors LLC raised its position in Construction Partners by 1.2% in the fourth quarter. HighTower Advisors LLC now owns 29,531 shares of the company’s stock worth $2,612,000 after acquiring an additional 350 shares in the last quarter. Finally, Mather Group LLC. acquired a new stake in Construction Partners in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Construction Partners Price Performance

NASDAQ ROAD opened at $78.11 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. Construction Partners, Inc. has a 1 year low of $49.16 and a 1 year high of $103.69. The company has a market cap of $4.36 billion, a PE ratio of 73.00, a PEG ratio of 0.99 and a beta of 0.85. The stock’s 50-day moving average price is $74.48 and its two-hundred day moving average price is $82.28.

Wall Street Analysts Forecast Growth

ROAD has been the topic of several recent research reports. Robert W. Baird lifted their price objective on shares of Construction Partners from $100.00 to $102.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. DA Davidson restated a “neutral” rating and issued a $95.00 price target on shares of Construction Partners in a research report on Thursday, January 30th. Finally, Raymond James dropped 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.

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.