KBC Group NV Has $187,000 Position in Construction Partners, Inc. (NASDAQ:ROAD)

KBC Group NV lifted its stake in shares of Construction Partners, Inc. (NASDAQ:ROAD) by 49.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,118 shares of the company’s stock after buying an additional 701 shares during the quarter. KBC Group NV’s holdings in Construction Partners were worth $187,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC raised its holdings in Construction Partners by 24.4% in the 3rd quarter. GAMMA Investing LLC now owns 873 shares of the company’s stock valued at $61,000 after acquiring an additional 171 shares during the period. USA Financial Formulas bought a new position in shares of Construction Partners during the fourth quarter worth approximately $31,000. nVerses Capital LLC increased its stake in shares of Construction Partners by 19.0% during the third quarter. nVerses Capital LLC now owns 2,500 shares of the company’s stock worth $174,000 after purchasing an additional 400 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Construction Partners by 400.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 541 shares of the company’s stock worth $48,000 after purchasing an additional 433 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its stake in Construction Partners by 8.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 7,419 shares of the company’s stock valued at $518,000 after purchasing an additional 594 shares during the period. Institutional investors own 94.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ROAD. Robert W. Baird increased their price objective on Construction Partners from $68.00 to $92.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Raymond James lowered their price target on shares of Construction Partners from $112.00 to $104.00 and set a “strong-buy” rating on the stock in a research report on Thursday, January 16th. Finally, DA Davidson reissued a “neutral” rating and issued a $95.00 price objective on shares of Construction Partners in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $83.40.

Insider Transactions at Construction Partners

In other Construction Partners news, Director Suntx Capital Ii Management Co sold 12,731 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $99.78, for a total transaction of $1,270,299.18. Following the completion of the transaction, the director now owns 17,000 shares of the company’s stock, valued at approximately $1,696,260. The trade was a 42.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles E. Owens sold 49,695 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $100.81, for a total transaction of $5,009,752.95. Following the completion of the sale, the director now owns 130,291 shares in the company, valued at approximately $13,134,635.71. The trade was a 27.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 139,225 shares of company stock valued at $13,904,358. Company insiders own 16.36% of the company’s stock.

Construction Partners Stock Performance

NASDAQ:ROAD opened at $80.92 on Thursday. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 61.30, a PEG ratio of 0.99 and a beta of 0.74. Construction Partners, Inc. has a fifty-two week low of $44.77 and a fifty-two week high of $103.69. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.26 and a current ratio of 1.54. The stock has a fifty day moving average price of $90.65 and a 200-day moving average price of $78.57.

Construction Partners (NASDAQ:ROAD) last posted its quarterly earnings results on Thursday, November 21st. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.01). The company had revenue of $538.16 million during the quarter, compared to analyst estimates of $538.04 million. Construction Partners had a net margin of 3.78% and a return on equity of 12.90%. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the firm earned $0.59 EPS. As a group, equities analysts anticipate that Construction Partners, Inc. will post 1.95 EPS for the current fiscal year.

About Construction Partners

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.