Construction Partners, Inc. (NASDAQ:ROAD) SVP John L. Harper Sells 6,000 Shares

Construction Partners, Inc. (NASDAQ:ROAD) SVP John L. Harper sold 6,000 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $94.41, for a total value of $566,460.00. Following the sale, the senior vice president now directly owns 154,856 shares in the company, valued at approximately $14,619,954.96. This trade represents a 3.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Construction Partners Trading Up 0.6 %

Shares of Construction Partners stock opened at $95.90 on Wednesday. The firm has a market capitalization of $5.36 billion, a PE ratio of 72.65, a price-to-earnings-growth ratio of 1.15 and a beta of 0.70. The company has a current ratio of 1.54, a quick ratio of 1.26 and a debt-to-equity ratio of 0.85. The firm’s 50 day moving average is $88.34 and its 200 day moving average is $70.44. Construction Partners, Inc. has a 1 year low of $39.79 and a 1 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). Construction Partners had a return on equity of 12.90% and a net margin of 3.78%. The company had revenue of $538.16 million for the quarter, compared to analyst estimates of $538.04 million. During the same quarter last year, the company posted $0.59 earnings per share. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. Equities research analysts forecast that Construction Partners, Inc. will post 1.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Robert W. Baird upped their price target on shares of Construction Partners from $68.00 to $92.00 and gave the stock a “neutral” rating in a 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in Construction Partners by 24.4% during the 3rd quarter. GAMMA Investing LLC now owns 873 shares of the company’s stock worth $61,000 after acquiring an additional 171 shares during the last quarter. KBC Group NV grew its stake in shares of Construction Partners by 35.0% in the third 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. increased its holdings in Construction Partners by 55.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,831 shares of the company’s stock valued at $101,000 after purchasing an additional 653 shares during the period. nVerses Capital LLC acquired a new position in Construction Partners during the 2nd quarter worth about $116,000. Finally, Public Employees Retirement Association of Colorado bought a new stake in shares of Construction Partners in the 2nd quarter valued at about $162,000. Institutional investors and hedge funds 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.