In yesterday’s Wall Street session, Construction Partners Inc. (NASDAQ:ROAD) shares traded at $26.85, up 2.68% from the previous session.
7 analysts cover Construction Partners Inc. (NASDAQ:ROAD), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $36.00 and a low of $28.00, we find $32.00. Given the previous closing price of $26.15, this indicates a potential upside of 22.37 percent. ROAD stock price is now -1.79% away from the 50-day moving average and 0.42% away from the 200-day moving average. The market capitalization of the company currently stands at $1.47B.
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The stock has received a hold rating from 1 analysts and a buy rating from 5. Brokers who have rated the stock have averaged $32.43 as their price target over the next twelve months.
, while ‘Raymond James’ rates the stock as ‘Strong Buy’.
In other news, Harper John L, Senior Vice President sold 46,320 shares of the company’s stock on Dec 19. The stock was sold for $1,218,679 at an average price of $26.31. Upon completion of the transaction, the Senior Vice President now directly owns 140,621 shares in the company, valued at $3.78 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 16, Senior Vice President Harper John L sold 25,000 shares of the business’s stock. A total of $659,750 was realized by selling the stock at an average price of $26.39. This leaves the insider owning 186,941 shares of the company worth $5.02 million. Insiders disposed of 130,446 shares of company stock worth roughly $3.5 million over the past 1 year. A total of 1.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ROAD stock. A new stake in Construction Partners Inc. shares was purchased by JENNISON ASSOCIATES LLC during the first quarter worth $9,487,000. PENN CAPITAL MANAGEMENT COMPANY, LLC invested $2,462,000 in shares of ROAD during the first quarter. In the first quarter, PREMIER FUND MANAGERS LTD acquired a new stake in Construction Partners Inc. valued at approximately $2,090,000. R.P. BOGGS & CO. acquired a new stake in ROAD for approximately $1,877,000. JUMP FINANCIAL, LLC purchased a new stake in ROAD valued at around $395,000 in the second quarter. In total, there are 228 active investors with 99.44% ownership of the company’s stock.
On Thursday morning Construction Partners Inc. (NASDAQ: ROAD) stock kicked off with the opening price of $25.71. During the past 12 months, Construction Partners Inc. has had a low of $18.89 and a high of $32.98. As of last week, the company has a debt-to-equity ratio of 0.93, a current ratio of 2.00, and a quick ratio of 1.60. The fifty day moving average price for ROAD is $27.34 and a two-hundred day moving average price translates $26.74 for the stock.
The latest earnings results from Construction Partners Inc. (NASDAQ: ROAD) was released for Dec, 2022. According to the Engineering & Construction Company, earnings per share came in at $0.04, missing analysts’ expectations of $0.05 by -0.01. This compares to $0.11 EPS in the same period last year. The net profit margin was 1.30% and return on equity was 4.00% for ROAD. The company reported revenue of $341.78 million for the quarter, compared to $284.96 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 19.94 percent. For the current quarter, analysts expect ROAD to generate $282.91M in revenue.
Construction Partners Inc.(ROAD) Company Profile
Construction Partners, Inc., a civil infrastructure company, engages in the construction and maintenance of roadways across Alabama, Florida, Georgia, North Carolina, and South Carolina. The company, through its subsidiaries, provides various products and services to public and private infrastructure projects, with a focus on highways, roads, bridges, airports, and commercial and residential developments. It also engages in manufacturing and distributing hot mix asphalt (HMA) for internal use and sales to third parties in connection with construction projects; paving activities, including the construction of roadway base layers and application of asphalt pavement; site development, including the installation of utility and drainage systems; mining aggregates, such as sand, gravel, and construction stones that are used as raw materials in the production of HMA; and distributing liquid asphalt cement for internal use and sales to third parties in connection with HMA production. The company was formerly known as SunTx CPI Growth Company, Inc. and changed its name to Construction Partners, Inc. in September 2017. Construction Partners, Inc. was incorporated in 1999 and is headquartered in Dothan, Alabama.
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