Construction Partners, Inc. (NASDAQ:ROAD - Get Free Report)'s stock price reached a new 52-week high on Monday . The stock traded as high as $126.85 and last traded at $126.97, with a volume of 54339 shares. The stock had previously closed at $125.20.
Analysts Set New Price Targets
Several research analysts have weighed in on the company. Robert W. Baird set a $122.00 price target on Construction Partners and gave the stock an "outperform" rating in a research report on Friday, August 8th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Construction Partners in a research report on Friday, August 8th. Finally, Baird R W raised Construction Partners from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $112.33.
Get Our Latest Research Report on ROAD
Construction Partners Price Performance
The company has a current ratio of 1.47, a quick ratio of 1.20 and a debt-to-equity ratio of 1.63. The company has a 50 day moving average price of $111.13 and a 200 day moving average price of $96.40. The company has a market capitalization of $7.09 billion, a P/E ratio of 92.20, a P/E/G ratio of 1.60 and a beta of 0.99.
Construction Partners (NASDAQ:ROAD - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). The business had revenue of $779.28 million for the quarter, compared to the consensus estimate of $810.47 million. Construction Partners had a return on equity of 12.24% and a net margin of 3.04%.The business's revenue was up 50.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 earnings per share. Construction Partners has set its FY 2025 guidance at EPS. On average, equities analysts predict that Construction Partners, Inc. will post 1.96 EPS for the current fiscal year.
Institutional Trading of Construction Partners
Institutional investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. raised its holdings in Construction Partners by 107.4% in the 2nd quarter. Osaic Holdings Inc. now owns 10,221 shares of the company's stock valued at $1,086,000 after acquiring an additional 5,294 shares in the last quarter. Squarepoint Ops LLC raised its holdings in Construction Partners by 27.8% in the 2nd quarter. Squarepoint Ops LLC now owns 33,431 shares of the company's stock valued at $3,553,000 after acquiring an additional 7,262 shares in the last quarter. Advisory Services Network LLC raised its holdings in Construction Partners by 31.7% in the 2nd quarter. Advisory Services Network LLC now owns 5,296 shares of the company's stock valued at $534,000 after acquiring an additional 1,274 shares in the last quarter. Nomura Holdings Inc. acquired a new position in Construction Partners in the 2nd quarter valued at $1,374,000. Finally, Castleark Management LLC acquired a new position in Construction Partners in the 2nd quarter valued at $5,386,000. 94.83% of the stock is currently owned by institutional investors.
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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