Insider Selling: Construction Partners, Inc. (NASDAQ:ROAD) Director Sells 12,731 Shares of Stock

Construction Partners, Inc. (NASDAQ:ROAD) Director Suntx Capital Ii Management Co sold 12,731 shares of Construction Partners stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $99.78, for a total value of $1,270,299.18. Following the transaction, the director now owns 17,000 shares of the company’s stock, valued at $1,696,260. The trade was a 42.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Construction Partners Stock Performance

NASDAQ:ROAD opened at $97.61 on Thursday. 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 stock has a 50 day simple moving average of $86.72 and a 200 day simple moving average of $69.63. Construction Partners, Inc. has a 1-year low of $39.79 and a 1-year high of $103.69. The stock has a market cap of $5.45 billion, a P/E ratio of 73.95, a PEG ratio of 1.22 and a beta of 0.70.

Construction Partners (NASDAQ:ROAD) last released its quarterly earnings results on Thursday, November 21st. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.01). Construction Partners had a return on equity of 12.90% and a net margin of 3.78%. The business had revenue of $538.16 million for the quarter, compared to the consensus estimate of $538.04 million. During the same period in the prior year, the business posted $0.59 earnings per share. Construction Partners’s revenue was up 13.3% compared to the same quarter last year. Research analysts anticipate that Construction Partners, Inc. will post 1.96 earnings per share for the current year.

Institutional Investors Weigh In On Construction Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in ROAD. Franklin Resources Inc. acquired a new stake in Construction Partners during the third quarter worth approximately $273,000. Sanctuary Advisors LLC bought a new stake in shares of Construction Partners during the 3rd quarter valued at $288,000. Virtu Financial LLC acquired a new stake in shares of Construction Partners during the 3rd quarter worth $559,000. Barclays PLC increased its position in shares of Construction Partners by 109.5% in the third quarter. Barclays PLC now owns 101,463 shares of the company’s stock worth $7,082,000 after purchasing an additional 53,026 shares during the period. Finally, MML Investors Services LLC raised its stake in Construction Partners by 3.6% in the third quarter. MML Investors Services LLC now owns 32,563 shares of the company’s stock valued at $2,273,000 after purchasing an additional 1,130 shares in the last quarter. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Robert W. Baird raised their price objective on Construction Partners from $68.00 to $92.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Construction Partners has an average rating of “Moderate Buy” and an average price target of $69.00.

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.