Johnson Financial Group Inc. Makes New $66,000 Investment in Construction Partners, Inc. (NASDAQ:ROAD)

Johnson Financial Group Inc. acquired a new position in Construction Partners, Inc. (NASDAQ:ROAD) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 744 shares of the company’s stock, valued at approximately $66,000.

A number of other large investors have also modified their holdings of ROAD. Barclays PLC raised its position in shares of Construction Partners by 109.5% in the third quarter. Barclays PLC now owns 101,463 shares of the company’s stock worth $7,082,000 after acquiring an additional 53,026 shares during the period. Virtu Financial LLC acquired a new position in shares of Construction Partners in the third quarter worth about $559,000. Franklin Resources Inc. acquired a new position in shares of Construction Partners in the third quarter worth about $273,000. Principal Financial Group Inc. raised its position in shares of Construction Partners by 4.1% during the 3rd quarter. Principal Financial Group Inc. now owns 40,215 shares of the company’s stock worth $2,807,000 after purchasing an additional 1,596 shares during the last quarter. Finally, USA Financial Formulas acquired a new position in shares of Construction Partners during the 4th quarter worth about $31,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ROAD. DA Davidson restated a “neutral” rating and set a $95.00 price target on shares of Construction Partners in a research report on Thursday, January 30th. Raymond James reduced their price target on shares of Construction Partners from $112.00 to $104.00 and set a “strong-buy” rating for the company in a research report on Thursday, January 16th. Finally, Robert W. Baird upped their price target on shares of Construction Partners from $100.00 to $102.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th.

Construction Partners Trading Up 1.0 %

Shares of Construction Partners stock opened at $80.60 on Tuesday. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.54 and a quick ratio of 1.23. The stock’s 50 day simple moving average is $73.96 and its 200-day simple moving average is $83.11. The stock has a market cap of $4.50 billion, a P/E ratio of 75.33, a P/E/G ratio of 0.99 and a beta of 0.85. Construction Partners, Inc. has a 1-year low of $50.42 and a 1-year high of $103.69.

Insider Buying and Selling

In other Construction Partners news, SVP John L. Harper sold 6,000 shares of the business’s stock in a transaction on Monday, April 14th. The stock was sold at an average price of $73.83, for a total transaction of $442,980.00. Following the transaction, the senior vice president now owns 159,389 shares of the company’s stock, valued at approximately $11,767,689.87. The trade was a 3.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Fred Julius Smith III acquired 9,333 shares of the stock in a transaction on Monday, April 14th. The shares were bought at an average cost of $73.83 per share, for a total transaction of $689,055.39. Following the purchase, the chief executive officer now directly owns 9,333 shares of the company’s stock, valued at $689,055.39. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 16.36% of the stock is currently owned by company insiders.

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.