DA Davidson Has Positive Estimate for ROAD FY2025 Earnings

Construction Partners, Inc. (NASDAQ:ROAD - Free Report) - Equities researchers at DA Davidson raised their FY2025 earnings per share estimates for Construction Partners in a note issued to investors on Monday, May 12th. DA Davidson analyst B. Thielman now expects that the company will earn $2.05 per share for the year, up from their previous forecast of $1.80. DA Davidson has a "Neutral" rating and a $95.00 price objective on the stock. The consensus estimate for Construction Partners' current full-year earnings is $1.96 per share.

Construction Partners (NASDAQ:ROAD - Get Free Report) last posted its earnings results on Friday, May 9th. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of ($0.04) by $0.12. Construction Partners had a return on equity of 11.94% and a net margin of 2.82%. The business had revenue of $571.65 million for the quarter, compared to analyst estimates of $559.61 million. During the same period in the previous year, the firm earned ($0.02) EPS. The firm's revenue was up 53.9% compared to the same quarter last year.

Several other equities research analysts also recently issued reports on the stock. Robert W. Baird raised their price objective on shares of Construction Partners from $100.00 to $102.00 and gave the stock a "neutral" rating in a research report on Monday, February 10th. Raymond James dropped their price target on Construction Partners from $104.00 to $100.00 and set a "strong-buy" rating for the company in a report on Tuesday, April 29th.

Construction Partners Stock Performance

Shares of ROAD stock opened at $103.36 on Wednesday. Construction Partners has a 52 week low of $51.63 and a 52 week high of $104.53. The company has a market capitalization of $5.78 billion, a price-to-earnings ratio of 96.60, a PEG ratio of 0.99 and a beta of 0.87. The company has a 50-day simple moving average of $78.37 and a 200 day simple moving average of $84.06. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.23 and a current ratio of 1.54.

Institutional Trading of Construction Partners

Several large investors have recently modified their holdings of the stock. Montag A & Associates Inc. bought a new stake in Construction Partners during the first quarter worth about $29,000. Versant Capital Management Inc bought a new stake in shares of Construction Partners during the 1st quarter worth approximately $30,000. USA Financial Formulas bought a new stake in shares of Construction Partners during the 4th quarter worth approximately $31,000. Mather Group LLC. acquired a new stake in shares of Construction Partners during the 4th quarter worth approximately $33,000. Finally, Byrne Asset Management LLC raised its position in Construction Partners by 33.3% during the fourth quarter. Byrne Asset Management LLC now owns 533 shares of the company's stock valued at $47,000 after purchasing an additional 133 shares in the last quarter. 94.83% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Fred Julius Smith III acquired 9,333 shares of the stock in a transaction on Monday, April 14th. The shares were purchased at an average price of $73.83 per share, for a total transaction of $689,055.39. Following the purchase, the chief executive officer now directly owns 9,333 shares in the company, valued at approximately $689,055.39. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP John L. Harper sold 6,000 shares of Construction Partners stock in a transaction on Monday, April 14th. The shares were sold at an average price of $73.83, for a total value of $442,980.00. Following the completion of the transaction, the senior vice president now directly owns 159,389 shares of the company's stock, valued at $11,767,689.87. This represents a 3.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 16.36% of the company's stock.

Construction Partners Company Profile

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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