1,932 Shares in Construction Partners, Inc. $ROAD Purchased by Penserra Capital Management LLC

Penserra Capital Management LLC purchased a new stake in shares of Construction Partners, Inc. (NASDAQ:ROAD) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,932 shares of the company’s stock, valued at approximately $205,000.

Several other hedge funds have also modified their holdings of the company. Atria Investments Inc increased its position in Construction Partners by 5.5% in the second quarter. Atria Investments Inc now owns 16,129 shares of the company’s stock worth $1,714,000 after purchasing an additional 835 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Construction Partners in the 2nd quarter worth about $542,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Construction Partners during the 2nd quarter valued at about $344,000. GAMMA Investing LLC grew its position in Construction Partners by 33.6% in the second quarter. GAMMA Investing LLC now owns 1,164 shares of the company’s stock worth $124,000 after acquiring an additional 293 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in Construction Partners during the second quarter worth approximately $802,000. 94.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ROAD shares. Robert W. Baird set a $122.00 price objective on Construction Partners and gave the company an “outperform” rating in a research note on Friday, August 8th. Zacks Research downgraded Construction Partners from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Baird R W upgraded shares of Construction Partners from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 8th. DA Davidson increased their target price on shares of Construction Partners from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Construction Partners in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $125.67.

Construction Partners Stock Performance

ROAD stock opened at $111.68 on Thursday. Construction Partners, Inc. has a twelve month low of $64.79 and a twelve month high of $138.90. The firm has a market cap of $6.26 billion, a price-to-earnings ratio of 81.52, a PEG ratio of 0.98 and a beta of 1.02. The business’s fifty day simple moving average is $121.43 and its two-hundred day simple moving average is $110.57. The company has a quick ratio of 1.20, a current ratio of 1.47 and a debt-to-equity ratio of 1.63.

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.