Construction Partners, Inc. (NASDAQ:ROAD) CAO Sells $240,704.46 in Stock

Construction Partners, Inc. (NASDAQ:ROAD) CAO Todd Keith Andrews sold 2,511 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $95.86, for a total value of $240,704.46. Following the transaction, the chief accounting officer now owns 19,339 shares in the company, valued at $1,853,836.54. The trade was a 11.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Construction Partners Stock Up 1.0 %

Shares of NASDAQ:ROAD opened at $92.77 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.26 and a current ratio of 1.54. Construction Partners, Inc. has a 52-week low of $39.79 and a 52-week high of $103.69. The business’s 50 day simple moving average is $89.64 and its two-hundred day simple moving average is $70.98. The firm has a market cap of $5.18 billion, a P/E ratio of 70.28, a PEG ratio of 1.15 and a beta of 0.70.

Construction Partners (NASDAQ:ROAD) last issued its earnings results on Thursday, November 21st. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.01). The firm had revenue of $538.16 million during the quarter, compared to the consensus estimate of $538.04 million. Construction Partners had a return on equity of 12.90% and a net margin of 3.78%. Construction Partners’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.59 earnings per share. As a group, research analysts forecast that Construction Partners, Inc. will post 1.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird boosted their target price on shares of Construction Partners from $68.00 to $92.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $69.00.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings in shares of Construction Partners by 24.4% in the 3rd quarter. GAMMA Investing LLC now owns 873 shares of the company’s stock worth $61,000 after acquiring an additional 171 shares during the last quarter. KBC Group NV increased its holdings in Construction Partners by 35.0% during the 3rd quarter. KBC Group NV now owns 1,417 shares of the company’s stock worth $99,000 after purchasing an additional 367 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of Construction Partners by 55.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,831 shares of the company’s stock worth $101,000 after purchasing an additional 653 shares during the last quarter. nVerses Capital LLC bought a new position in shares of Construction Partners in the second quarter valued at approximately $116,000. Finally, Public Employees Retirement Association of Colorado purchased a new position in shares of Construction Partners during the second quarter valued at approximately $162,000. 94.83% of the stock is currently owned by institutional investors and hedge funds.

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.