Construction Partners, Inc. (NASDAQ:ROAD) CAO Todd Keith Andrews Sells 5,489 Shares

Construction Partners, Inc. (NASDAQ:ROAD - Get Free Report) CAO Todd Keith Andrews sold 5,489 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $91.84, for a total value of $504,109.76. Following the completion of the transaction, the chief accounting officer now directly owns 17,394 shares in the company, valued at approximately $1,597,464.96. This represents a 23.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Todd Keith Andrews also recently made the following trade(s):

• On Monday, December 16th, Todd Keith Andrews sold 2,511 shares of Construction Partners stock. The shares were sold at an average price of $95.86, for a total transaction of $240,704.46.

Construction Partners Stock Performance

Shares of NASDAQ ROAD traded down $1.79 during trading on Monday, hitting $90.98. The company had a trading volume of 268,234 shares, compared to its average volume of 372,501. Construction Partners, Inc. has a 12 month low of $39.79 and a 12 month high of $103.69. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.26 and a current ratio of 1.54. The firm has a market capitalization of $5.08 billion, a P/E ratio of 68.92, a price-to-earnings-growth ratio of 1.15 and a beta of 0.70. The stock has a 50 day simple moving average of $90.35 and a 200 day simple moving average of $71.70.

Construction Partners (NASDAQ:ROAD - Get Free Report) last released its 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). The firm had revenue of $538.16 million for the quarter, compared to the consensus estimate of $538.04 million. Construction Partners had a return on equity of 12.90% and a net margin of 3.78%. Construction Partners's revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.59 EPS. As a group, analysts anticipate that Construction Partners, Inc. will post 1.96 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ROAD. GAMMA Investing LLC raised its holdings in Construction Partners by 24.4% during the third quarter. GAMMA Investing LLC now owns 873 shares of the company's stock valued at $61,000 after acquiring an additional 171 shares during the period. Arizona State Retirement System raised its stake in Construction Partners by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 12,270 shares of the company's stock valued at $677,000 after purchasing an additional 257 shares during the period. KBC Group NV lifted its holdings in Construction Partners by 35.0% in the 3rd quarter. KBC Group NV now owns 1,417 shares of the company's stock worth $99,000 after purchasing an additional 367 shares in the last quarter. nVerses Capital LLC boosted its stake in Construction Partners by 19.0% in the 3rd quarter. nVerses Capital LLC now owns 2,500 shares of the company's stock worth $174,000 after purchasing an additional 400 shares during the period. Finally, Benjamin Edwards Inc. boosted its stake in Construction Partners by 8.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 7,419 shares of the company's stock worth $518,000 after purchasing an additional 594 shares during the period. Hedge funds and other institutional investors own 94.83% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird boosted their target price on shares of Construction Partners from $68.00 to $92.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently 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.