Construction Partners (NASDAQ:ROAD) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Construction Partners (NASDAQ:ROAD - Get Free Report) had its target price upped by investment analysts at Robert W. Baird from $100.00 to $102.00 in a research report issued on Monday,Benzinga reports. The firm presently has a "neutral" rating on the stock. Robert W. Baird's price target would suggest a potential upside of 30.05% from the company's current price.

ROAD has been the topic of several other research reports. DA Davidson reaffirmed a "neutral" rating and set a $95.00 price target on shares of Construction Partners in a research note on Thursday, January 30th. Raymond James cut their price target on Construction Partners from $112.00 to $104.00 and set a "strong-buy" rating on the stock in a research note 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 issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Construction Partners presently has an average rating of "Moderate Buy" and an average price target of $85.40.

Construction Partners Price Performance

Construction Partners stock traded down $2.17 on Monday, reaching $78.43. The company's stock had a trading volume of 706,180 shares, compared to its average volume of 649,454. 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 company has a market cap of $4.38 billion, a price-to-earnings ratio of 59.42, a PEG ratio of 1.25 and a beta of 0.74. The business's fifty day moving average price is $88.43 and its 200 day moving average price is $79.31. Construction Partners has a twelve month low of $45.26 and a twelve month high of $103.69.

Construction Partners (NASDAQ:ROAD - Get Free Report) last posted its quarterly earnings data on Thursday, November 21st. The company reported $0.56 EPS for the quarter, missing analysts' consensus estimates of $0.57 by ($0.01). The business had revenue of $538.16 million during the quarter, compared to analyst estimates 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 for the quarter was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.59 EPS. Equities analysts expect that Construction Partners will post 1.95 earnings per share for the current fiscal year.

Insider Activity

In other Construction Partners news, Director Charles E. Owens sold 46,596 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $101.33, for a total value of $4,721,572.68. Following the transaction, the director now owns 203,404 shares of the company's stock, valued at approximately $20,610,927.32. This represents a 18.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP John L. Harper sold 6,000 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $94.41, for a total value of $566,460.00. Following the completion of the transaction, the senior vice president now directly owns 154,856 shares in the company, valued at $14,619,954.96. The trade was a 3.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 139,225 shares of company stock valued at $13,904,358 over the last 90 days. 16.36% of the stock is owned by company insiders.

Hedge Funds Weigh In On Construction Partners

Several hedge funds have recently added to or reduced their stakes in the stock. USA Financial Formulas bought a new stake in shares of Construction Partners in the fourth quarter worth about $31,000. Mather Group LLC. bought a new stake in shares of Construction Partners in the fourth quarter worth about $33,000. Byrne Asset Management LLC increased its holdings in shares of Construction Partners by 33.3% in the fourth quarter. Byrne Asset Management LLC now owns 533 shares of the company's stock worth $47,000 after acquiring an additional 133 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Construction Partners by 400.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 541 shares of the company's stock worth $48,000 after acquiring an additional 433 shares in the last quarter. Finally, Golden State Wealth Management LLC bought a new stake in shares of Construction Partners in the fourth quarter worth about $50,000. Institutional investors and hedge funds own 94.83% 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.