Construction Partners, Inc. (NASDAQ:ROAD - Free Report) - DA Davidson lowered their Q4 2024 EPS estimates for Construction Partners in a note issued to investors on Tuesday, October 22nd. DA Davidson analyst B. Thielman now anticipates that the company will post earnings per share of $0.57 for the quarter, down from their prior forecast of $0.68. DA Davidson currently has a "Neutral" rating and a $55.00 target price on the stock. The consensus estimate for Construction Partners' current full-year earnings is $1.43 per share.
A number of other equities research analysts have also weighed in on ROAD. Stifel Nicolaus raised their price objective on Construction Partners from $61.00 to $67.00 and gave the company a "buy" rating in a research note on Monday, August 12th. Robert W. Baird raised their price target on shares of Construction Partners from $68.00 to $92.00 and gave the stock a "neutral" rating in a research report on Tuesday. Finally, Raymond James upped their price target on shares of Construction Partners from $69.00 to $72.00 and gave the company a "strong-buy" rating in a report on Monday, August 12th. Three research 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's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $69.00.
Get Our Latest Analysis on Construction Partners
Shares of NASDAQ ROAD opened at $83.79 on Wednesday. The firm has a market cap of $4.42 billion, a price-to-earnings ratio of 71.62, a PEG ratio of 1.35 and a beta of 0.67. Construction Partners has a 1 year low of $36.70 and a 1 year high of $86.00. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.30 and a current ratio of 1.60. The stock's 50-day simple moving average is $67.57 and its 200-day simple moving average is $60.25.
Construction Partners (NASDAQ:ROAD - Get Free Report) last issued its quarterly earnings data on Friday, August 9th. The company reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.05. The firm had revenue of $517.80 million for the quarter, compared to analyst estimates of $503.57 million. Construction Partners had a net margin of 4.01% and a return on equity of 13.34%. The firm's revenue was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 EPS.
In related news, Director Mark R. Matteson sold 25,408 shares of the company's stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $61.97, for a total transaction of $1,574,533.76. Following the sale, the director now directly owns 102,592 shares of the company's stock, valued at approximately $6,357,626.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 18.80% of the company's stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Conestoga Capital Advisors LLC grew its position in shares of Construction Partners by 3.0% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 4,135,202 shares of the company's stock valued at $228,305,000 after buying an additional 120,155 shares during the last quarter. Geneva Capital Management LLC grew its holdings in shares of Construction Partners by 8.5% during the first quarter. Geneva Capital Management LLC now owns 3,408,788 shares of the company's stock valued at $191,403,000 after purchasing an additional 268,225 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Construction Partners by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 2,415,461 shares of the company's stock worth $135,628,000 after purchasing an additional 69,223 shares during the period. Wasatch Advisors LP lifted its holdings in shares of Construction Partners by 188.3% in the 1st quarter. Wasatch Advisors LP now owns 1,692,328 shares of the company's stock worth $95,024,000 after purchasing an additional 1,105,423 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Construction Partners by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 972,400 shares of the company's stock valued at $53,687,000 after purchasing an additional 24,828 shares during the period. 94.83% of the stock is owned by institutional investors and hedge funds.
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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