Construction Partners, Inc. (NASDAQ:ROAD - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $113.89 and last traded at $112.50, with a volume of 224360 shares trading hands. The stock had previously closed at $109.17.
Analysts Set New Price Targets
Separately, Raymond James Financial cut their price target on shares of Construction Partners from $104.00 to $100.00 and set a "strong-buy" rating for the company in a report on Tuesday, April 29th.
Get Our Latest Research Report on ROAD
Construction Partners Stock Performance
The company has a market capitalization of $6.03 billion, a P/E ratio of 91.94, a PEG ratio of 1.34 and a beta of 0.96. The stock has a fifty day simple moving average of $104.65 and a 200-day simple moving average of $88.16. The company has a quick ratio of 1.13, a current ratio of 1.42 and a debt-to-equity ratio of 1.63.
Construction Partners (NASDAQ:ROAD - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of ($0.04) by $0.12. The firm had revenue of $571.65 million during the quarter, compared to analyst estimates of $559.61 million. Construction Partners had a return on equity of 11.49% and a net margin of 2.80%. The company's revenue was up 53.9% on a year-over-year basis. During the same period last year, the company earned ($0.02) earnings per share. Equities analysts forecast that Construction Partners, Inc. will post 1.96 EPS for the current year.
Hedge Funds Weigh In On Construction Partners
Several institutional investors have recently modified their holdings of ROAD. Janney Montgomery Scott LLC bought a new stake in Construction Partners in the 2nd quarter valued at approximately $802,000. Sheets Smith Wealth Management bought a new stake in shares of Construction Partners during the 2nd quarter worth approximately $670,000. GAMMA Investing LLC raised its stake in shares of Construction Partners by 33.6% during the 2nd quarter. GAMMA Investing LLC now owns 1,164 shares of the company's stock worth $124,000 after purchasing an additional 293 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Construction Partners during the 2nd quarter worth approximately $344,000. Finally, Longboard Asset Management LP bought a new stake in shares of Construction Partners during the 2nd quarter worth approximately $246,000. Institutional investors own 94.83% of the company's stock.
Construction Partners Company Profile
(
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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