KBC Group NV Has $157,000 Stock Position in Construction Partners, Inc. $ROAD

KBC Group NV cut its holdings in shares of Construction Partners, Inc. (NASDAQ:ROAD) by 33.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 1,477 shares of the company’s stock after selling 732 shares during the period. KBC Group NV’s holdings in Construction Partners were worth $157,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Construction Partners by 6.2% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 64,243 shares of the company’s stock valued at $4,617,000 after purchasing an additional 3,746 shares during the last quarter. Wakefield Asset Management LLLP purchased a new position in shares of Construction Partners during the first quarter valued at approximately $1,082,000. Brookwood Investment Group LLC bought a new stake in Construction Partners during the first quarter worth $224,000. Royce & Associates LP grew its holdings in Construction Partners by 17.0% during the first quarter. Royce & Associates LP now owns 280,264 shares of the company’s stock worth $20,143,000 after buying an additional 40,690 shares in the last quarter. Finally, ANB Bank raised its position in Construction Partners by 4.2% in the 1st quarter. ANB Bank now owns 4,105 shares of the company’s stock valued at $295,000 after buying an additional 164 shares during the last quarter. Institutional investors and hedge funds own 94.83% of the company’s stock.

Construction Partners Price Performance

Shares of NASDAQ:ROAD opened at $104.19 on Thursday. The company has a market capitalization of $5.84 billion, a P/E ratio of 76.05, a price-to-earnings-growth ratio of 0.93 and a beta of 1.02. The company’s 50-day moving average is $119.73 and its 200 day moving average is $111.32. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.20 and a current ratio of 1.47. Construction Partners, Inc. has a fifty-two week low of $64.79 and a fifty-two week high of $138.90.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ROAD shares. Zacks Research downgraded shares of Construction Partners from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Construction Partners in a research report on Tuesday. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $135.00 price objective (up from $120.00) on shares of Construction Partners in a research report on Tuesday, October 21st. Robert W. Baird set a $122.00 price objective on shares of Construction Partners and gave the company an “outperform” rating in a research note on Friday, August 8th. Finally, Baird R W raised shares of Construction Partners from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $125.67.

Construction Partners Company 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.