Construction Partners, Inc. (NASDAQ:ROAD) SVP Sells $566,460.00 in Stock

Construction Partners, Inc. (NASDAQ:ROAD) SVP John L. Harper sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $94.41, for a total transaction of $566,460.00. Following the completion of the transaction, the senior vice president now owns 154,856 shares of the company’s stock, valued at approximately $14,619,954.96. This trade represents a 3.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Construction Partners Stock Up 0.6 %

Shares of ROAD stock traded up $0.59 on Tuesday, reaching $95.90. 653,157 shares of the company were exchanged, compared to its average volume of 366,758. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.54 and a quick ratio of 1.26. The company has a 50-day moving average of $88.34 and a 200-day moving average of $70.44. The company has a market cap of $5.36 billion, a price-to-earnings ratio of 72.65, a PEG ratio of 1.15 and a beta of 0.70. Construction Partners, Inc. has a one year low of $39.79 and a one year high of $103.69.

Construction Partners (NASDAQ:ROAD) last announced its quarterly earnings results on Thursday, November 21st. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. The firm’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.59 EPS. Analysts anticipate that Construction Partners, Inc. will post 1.96 earnings per share for the current year.

Institutional Trading of Construction Partners

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in shares of Construction Partners by 24.4% during the third quarter. GAMMA Investing LLC now owns 873 shares of the company’s stock valued at $61,000 after buying an additional 171 shares during the last quarter. KBC Group NV lifted its position in shares of 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 buying an additional 367 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in Construction Partners by 55.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,831 shares of the company’s stock worth $101,000 after acquiring an additional 653 shares during the period. nVerses Capital LLC bought a new stake in shares of Construction Partners during the 2nd quarter worth $116,000. Finally, Public Employees Retirement Association of Colorado purchased a new stake in shares of Construction Partners during the 2nd quarter worth approximately $162,000. Institutional investors own 94.83% of the company’s stock.

Analyst Ratings Changes

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

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.