Construction Partners (NASDAQ:ROAD) Receives “Neutral” Rating from DA Davidson

Construction Partners (NASDAQ:ROAD)‘s stock had its “neutral” rating reaffirmed by research analysts at DA Davidson in a report released on Thursday,Benzinga reports. They presently have a $95.00 target price on the stock. DA Davidson’s price objective would indicate a potential upside of 18.60% from the stock’s previous close.

A number of other research analysts also recently weighed in on the company. Raymond James reduced their target price on Construction Partners from $112.00 to $104.00 and set a “strong-buy” rating on the stock in a report on Thursday, January 16th. Robert W. Baird boosted their target price on Construction Partners from $68.00 to $92.00 and gave the stock a “neutral” rating in a 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 issued a strong buy rating to the company. According to MarketBeat.com, Construction Partners has a consensus rating of “Moderate Buy” and a consensus target price of $83.40.

Construction Partners Trading Up 1.0 %

Shares of NASDAQ ROAD traded up $0.79 during midday trading on Thursday, reaching $80.10. The company had a trading volume of 86,567 shares, compared to its average volume of 591,697. Construction Partners has a one year low of $44.70 and a one year high of $103.69. The stock has a market cap of $4.48 billion, a PE ratio of 60.68, a price-to-earnings-growth ratio of 1.14 and a beta of 0.75. The company has a quick ratio of 1.26, a current ratio of 1.54 and a debt-to-equity ratio of 0.85. The firm’s fifty day moving average price is $92.57 and its 200-day moving average price is $77.80.

Construction Partners (NASDAQ:ROAD) last posted its earnings results on Thursday, November 21st. The company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.01). Construction Partners had a return on equity of 12.90% and a net margin of 3.78%. The firm had revenue of $538.16 million for the quarter, compared to analysts’ expectations of $538.04 million. During the same quarter last year, the company posted $0.59 EPS. The firm’s revenue was up 13.3% on a year-over-year basis. On average, equities research analysts anticipate that Construction Partners will post 1.95 earnings per share for the current year.

Insider Transactions at Construction Partners

In related news, Director Charles E. Owens sold 49,695 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $100.81, for a total value of $5,009,752.95. Following the completion of the transaction, the director now owns 130,291 shares of the company’s stock, valued at approximately $13,134,635.71. This represents a 27.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Suntx Capital Ii Management Co sold 12,731 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $99.78, for a total transaction of $1,270,299.18. Following the completion of the transaction, the director now directly owns 17,000 shares of the company’s stock, valued at $1,696,260. This represents a 42.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 139,225 shares of company stock worth $13,904,358 in the last three months. Corporate insiders own 18.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. USA Financial Formulas bought a new position in shares of Construction Partners during the 4th quarter valued at about $31,000. Mather Group LLC. bought a new position in shares of Construction Partners during the 4th quarter valued at about $33,000. Byrne Asset Management LLC boosted its holdings in shares of Construction Partners by 33.3% during the 4th quarter. Byrne Asset Management LLC now owns 533 shares of the company’s stock valued at $47,000 after purchasing an additional 133 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Construction Partners by 400.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 541 shares of the company’s stock valued at $48,000 after purchasing an additional 433 shares during the last quarter. Finally, Golden State Wealth Management LLC bought a new position in shares of Construction Partners during the 4th quarter valued at about $50,000. Institutional investors own 94.83% of the company’s stock.

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.