Construction Partners (NASDAQ:ROAD – Get Rating) had its target price raised by Raymond James from $35.00 to $37.00 in a research note released on Monday, Benzinga reports. They currently have a strong-buy rating on the stock.
ROAD has been the topic of several other reports. DA Davidson increased their target price on shares of Construction Partners to $28.00 in a research note on Monday, August 15th. Robert W. Baird raised their price target on shares of Construction Partners from $26.00 to $32.00 in a report on Monday, August 8th. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Construction Partners presently has a consensus rating of Buy and an average price target of $32.75.
Construction Partners Stock Up 1.0 %
Construction Partners stock opened at $27.57 on Monday. The business has a fifty day moving average of $28.99 and a two-hundred day moving average of $25.86. The company has a quick ratio of 1.53, a current ratio of 1.91 and a debt-to-equity ratio of 0.79. The firm has a market cap of $1.45 billion, a P/E ratio of 67.24, a P/E/G ratio of 0.98 and a beta of 0.95. Construction Partners has a twelve month low of $18.89 and a twelve month high of $37.63.
Insider Activity at Construction Partners
Institutional Investors Weigh In On Construction Partners
Several institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its stake in Construction Partners by 40.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,102 shares of the company’s stock worth $29,000 after acquiring an additional 317 shares in the last quarter. Captrust Financial Advisors raised its stake in Construction Partners by 37.1% during the 2nd quarter. Captrust Financial Advisors now owns 2,223 shares of the company’s stock worth $47,000 after acquiring an additional 602 shares in the last quarter. MML Investors Services LLC raised its stake in Construction Partners by 5.8% during the 3rd quarter. MML Investors Services LLC now owns 11,657 shares of the company’s stock worth $306,000 after acquiring an additional 634 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Construction Partners by 6.5% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 11,309 shares of the company’s stock worth $297,000 after acquiring an additional 692 shares in the last quarter. Finally, Raymond James Trust N.A. increased its stake in Construction Partners by 5.2% in the second quarter. Raymond James Trust N.A. now owns 14,568 shares of the company’s stock valued at $305,000 after purchasing an additional 715 shares during the period. 77.97% of the stock is owned by hedge funds and other institutional investors.
About Construction Partners
Construction Partners, Inc, a civil infrastructure company, engages in the construction and maintenance of roadways across Alabama, Florida, Georgia, North Carolina, and South Carolina. The company, through its subsidiaries, provides various products and services to public and private infrastructure projects, with a focus on highways, roads, bridges, airports, and commercial and residential developments.
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