Insider Selling: Construction Partners, Inc. (NASDAQ:ROAD) CAO Sells 2,511 Shares of Stock

Construction Partners, Inc. (NASDAQ:ROADGet Free Report) CAO Todd Keith Andrews sold 2,511 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $95.86, for a total transaction of $240,704.46. Following the completion of the sale, the chief accounting officer now directly owns 19,339 shares of the company’s stock, valued at approximately $1,853,836.54. This trade represents a 11.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Construction Partners Trading Up 2.7 %

Shares of Construction Partners stock opened at $91.87 on Friday. Construction Partners, Inc. has a 52-week low of $39.79 and a 52-week high of $103.69. The firm has a market capitalization of $5.13 billion, a PE ratio of 69.60, a price-to-earnings-growth ratio of 1.15 and a beta of 0.70. 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’s fifty day moving average price is $89.64 and its two-hundred day moving average price is $70.98.

Construction Partners (NASDAQ:ROADGet Free Report) 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). The business had revenue of $538.16 million during the quarter, compared to the consensus estimate of $538.04 million. Construction Partners had a net margin of 3.78% and a return on equity of 12.90%. The business’s revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.59 EPS. On average, analysts expect that Construction Partners, Inc. will post 1.96 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird upped their price objective 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 equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

View Our Latest Stock Report on Construction Partners

Hedge Funds Weigh In On Construction Partners

Several hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted 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 acquiring an additional 171 shares during the period. KBC Group NV grew its holdings in shares of Construction Partners by 35.0% in 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 during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Construction Partners by 55.4% in the 2nd 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 Construction Partners during the 2nd quarter valued at about $116,000. Finally, Public Employees Retirement Association of Colorado bought a new position in Construction Partners during the 2nd quarter valued at about $162,000. Institutional investors own 94.83% of the company’s stock.

About Construction Partners

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Construction Partners (NASDAQ:ROAD)

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