Level Four Advisory Services LLC Has $979,000 Position in Construction Partners, Inc. (NASDAQ:ROAD)

Level Four Advisory Services LLC trimmed its stake in shares of Construction Partners, Inc. (NASDAQ:ROAD) by 23.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,065 shares of the company’s stock after selling 3,426 shares during the quarter. Level Four Advisory Services LLC’s holdings in Construction Partners were worth $979,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Byrne Asset Management LLC increased its holdings in shares of Construction Partners by 33.3% during the fourth quarter. Byrne Asset Management LLC now owns 533 shares of the company’s stock worth $47,000 after buying an additional 133 shares in the last quarter. Allworth Financial LP grew its position in Construction Partners by 15.0% during the 4th quarter. Allworth Financial LP now owns 1,228 shares of the company’s stock worth $114,000 after acquiring an additional 160 shares during the last quarter. USA Financial Formulas bought a new stake in Construction Partners during the 4th quarter worth $31,000. HighTower Advisors LLC increased its holdings in Construction Partners by 1.2% in the 4th quarter. HighTower Advisors LLC now owns 29,531 shares of the company’s stock worth $2,612,000 after purchasing an additional 350 shares in the last quarter. Finally, Mather Group LLC. bought a new position in Construction Partners in the fourth quarter valued at about $33,000. Institutional investors own 94.83% of the company’s stock.

Construction Partners Stock Performance

Shares of ROAD stock opened at $71.33 on Monday. The stock has a market capitalization of $3.99 billion, a PE ratio of 66.66, a PEG ratio of 0.99 and a beta of 0.79. The business’s 50 day simple moving average is $76.77 and its 200 day simple moving average is $82.19. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.54 and a quick ratio of 1.23. Construction Partners, Inc. has a one year low of $49.16 and a one year high of $103.69.

Wall Street Analysts Forecast Growth

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

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.