Construction Partners (NASDAQ:ROAD) PT Raised to $57.00

Construction Partners (NASDAQ:ROADFree Report) had its target price boosted by Stifel Nicolaus from $51.00 to $57.00 in a research note published on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

Other research analysts have also issued research reports about the stock. Raymond James boosted their target price on shares of Construction Partners from $45.00 to $49.00 and gave the stock a strong-buy rating in a research report on Friday, December 1st. Robert W. Baird lowered shares of Construction Partners from an outperform rating to a neutral rating and upped their price objective for the company from $46.00 to $50.00 in a research report on Monday. Two 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 stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $50.25.

Get Our Latest Stock Analysis on Construction Partners

Construction Partners Trading Up 1.5 %

NASDAQ ROAD opened at $47.49 on Monday. Construction Partners has a twelve month low of $24.12 and a twelve month high of $50.70. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.39 and a current ratio of 1.70. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 43.97 and a beta of 0.64. The firm’s 50 day moving average price is $43.65 and its two-hundred day moving average price is $39.53.

Construction Partners (NASDAQ:ROADGet Free Report) last posted its quarterly earnings data on Friday, February 9th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.06. Construction Partners had a net margin of 3.52% and a return on equity of 11.78%. The firm had revenue of $396.51 million for the quarter, compared to analysts’ expectations of $393.62 million. During the same period in the previous year, the company posted $0.04 EPS. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. Equities analysts anticipate that Construction Partners will post 1.27 EPS for the current year.

Insider Buying and Selling

In related news, Director Suntx Capital Ii Management Co sold 50,000 shares of the stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $44.21, for a total value of $2,210,500.00. Following the completion of the transaction, the director now owns 128,134 shares of the company’s stock, valued at $5,664,804.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 18.80% of the company’s stock.

Institutional Trading of Construction Partners

Large investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its stake in Construction Partners by 7.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 229,089 shares of the company’s stock worth $7,191,000 after buying an additional 16,721 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in Construction Partners by 159.1% during the second quarter. Los Angeles Capital Management LLC now owns 27,084 shares of the company’s stock worth $850,000 after buying an additional 16,629 shares during the last quarter. R.P. Boggs & Co. grew its stake in Construction Partners by 2.6% during the third quarter. R.P. Boggs & Co. now owns 433,044 shares of the company’s stock worth $15,832,000 after buying an additional 11,142 shares during the last quarter. New York State Common Retirement Fund grew its stake in Construction Partners by 1,050.7% during the third quarter. New York State Common Retirement Fund now owns 190,160 shares of the company’s stock worth $6,952,000 after buying an additional 173,635 shares during the last quarter. Finally, Lisanti Capital Growth LLC grew its stake in Construction Partners by 31.1% during the third quarter. Lisanti Capital Growth LLC now owns 99,535 shares of the company’s stock worth $3,639,000 after buying an additional 23,640 shares during the last quarter. 77.19% of the stock is owned by institutional investors.

About Construction Partners

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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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