DA Davidson Has Pessimistic View of ROAD FY2025 Earnings

Construction Partners, Inc. (NASDAQ:ROAD - Free Report) - Equities researchers at DA Davidson reduced their FY2025 earnings estimates for shares of Construction Partners in a research report issued on Wednesday, February 12th. DA Davidson analyst B. Thielman now forecasts that the company will post earnings of $1.80 per share for the year, down from their previous estimate of $1.92. DA Davidson currently has a "Neutral" rating and a $95.00 price target on the stock. The consensus estimate for Construction Partners' current full-year earnings is $1.95 per share.

Several other equities research analysts have also issued reports on the stock. Robert W. Baird lifted their price objective on shares of Construction Partners from $100.00 to $102.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Raymond James cut their target price on shares of Construction Partners from $112.00 to $104.00 and set a "strong-buy" rating for the company in a research report on Thursday, January 16th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $85.40.

Construction Partners Stock Up 1.3 %

Shares of ROAD stock traded up $0.99 on Friday, hitting $78.57. The company's stock had a trading volume of 518,610 shares, compared to its average volume of 639,584. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.54 and a quick ratio of 1.26. Construction Partners has a fifty-two week low of $45.26 and a fifty-two week high of $103.69. The firm's fifty day moving average price is $87.19 and its 200-day moving average price is $79.93. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 59.52, a P/E/G ratio of 1.25 and a beta of 0.74.

Construction Partners (NASDAQ:ROAD - Get Free Report) last released its quarterly earnings data on Thursday, November 21st. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.01). Construction Partners had a net margin of 3.78% and a return on equity of 12.90%. The business had revenue of $538.16 million during the quarter, compared to analyst estimates of $538.04 million. During the same period in the previous year, the firm posted $0.59 EPS. The firm's revenue for the quarter was up 13.3% on a year-over-year basis.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ROAD. USA Financial Formulas bought a new position in shares of Construction Partners during the 4th quarter worth about $31,000. Mather Group LLC. bought a new position in shares of Construction Partners during the 4th quarter worth about $33,000. Byrne Asset Management LLC increased its holdings in shares of Construction Partners by 33.3% during the 4th quarter. Byrne Asset Management LLC now owns 533 shares of the company's stock worth $47,000 after purchasing an additional 133 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Construction Partners by 400.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 541 shares of the company's stock worth $48,000 after purchasing an additional 433 shares during the period. Finally, Golden State Wealth Management LLC bought a new position in shares of Construction Partners during the 4th quarter worth about $50,000. Institutional investors own 94.83% of the company's stock.

Insiders Place Their Bets

In other news, SVP John L. Harper sold 6,000 shares of the business's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $94.41, for a total transaction of $566,460.00. Following the transaction, the senior vice president now owns 154,856 shares in the company, valued at approximately $14,619,954.96. The trade was a 3.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Charles E. Owens sold 46,596 shares of the business's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $101.33, for a total transaction of $4,721,572.68. Following the transaction, the director now owns 203,404 shares in the company, valued at approximately $20,610,927.32. The trade was a 18.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 139,225 shares of company stock valued at $13,904,358 in the last quarter. 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.