Several other analysts have also recently commented on the stock. Zacks Investment Research cut shares of Construction Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Imperial Capital reiterated a “buy” rating and issued a $14.00 price objective on shares of Construction Partners in a research note on Thursday, February 14th. Finally, Raymond James set a $14.00 price objective on shares of Construction Partners and gave the company a “buy” rating in a research note on Thursday, February 14th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Construction Partners currently has a consensus rating of “Buy” and a consensus target price of $14.50.
Shares of NASDAQ ROAD opened at $12.65 on Tuesday. The company has a quick ratio of 2.03, a current ratio of 2.30 and a debt-to-equity ratio of 0.15. Construction Partners has a 52 week low of $7.70 and a 52 week high of $14.06. The stock has a market capitalization of $614.04 million and a P/E ratio of 14.71.
Institutional investors and hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP acquired a new position in Construction Partners during the fourth quarter worth about $100,000. Bailard Inc. acquired a new position in Construction Partners during the first quarter worth about $175,000. Wells Fargo & Company MN raised its position in Construction Partners by 8.7% during the first quarter. Wells Fargo & Company MN now owns 14,210 shares of the company’s stock worth $181,000 after acquiring an additional 1,140 shares during the last quarter. Credit Suisse AG acquired a new position in Construction Partners during the third quarter worth about $185,000. Finally, BlackRock Inc. raised its position in Construction Partners by 44.2% during the third quarter. BlackRock Inc. now owns 25,050 shares of the company’s stock worth $304,000 after acquiring an additional 7,681 shares during the last quarter. Institutional investors own 20.58% of the company’s stock.
Construction Partners Company Profile
Construction Partners, Inc, an infrastructure and road construction company, provides construction products and services to public and private sectors. It offers construction of highways, roads, bridges, airports, and commercial and residential sites. The company provides a range of sitework construction services, including site development, paving, and utility and drainage systems construction, as well as supplies hot mix asphalt required for the projects.
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