Insider Selling: Construction Partners, Inc. (NASDAQ:ROAD) CAO Sells 5,489 Shares of Stock

Construction Partners, Inc. (NASDAQ:ROAD) CAO Todd Keith Andrews sold 5,489 shares of the stock in a transaction on 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 sale, the chief accounting officer now directly owns 17,394 shares of the company’s stock, valued at $1,597,464.96. The trade was a 23.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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 stock was 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 mid-day trading on Monday, reaching $90.98. 268,234 shares of the company’s stock were exchanged, compared to its average volume of 372,501. The firm has a market capitalization of $5.08 billion, a price-to-earnings ratio of 68.92, a price-to-earnings-growth ratio of 1.15 and a beta of 0.70. The firm has a 50-day moving average price of $90.02 and a two-hundred day moving average price of $71.44. 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, Inc. has a 52 week low of $39.79 and a 52 week high of $103.69.

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

Analysts Set New Price Targets

Separately, Robert W. Baird boosted their price target on shares of Construction Partners from $68.00 to $92.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Three 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $69.00.

Institutional Investors Weigh In On Construction Partners

Large investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in shares of Construction Partners by 4.1% in the third quarter. Principal Financial Group Inc. now owns 40,215 shares of the company’s stock worth $2,807,000 after purchasing an additional 1,596 shares in the last quarter. Franklin Resources Inc. purchased a new stake in shares of Construction Partners during the third quarter worth $273,000. Sanctuary Advisors LLC purchased a new stake in shares of Construction Partners during the third quarter worth $288,000. Virtu Financial LLC purchased a new position in shares of Construction Partners in the third quarter valued at $559,000. Finally, Barclays PLC raised its stake in shares of Construction Partners by 109.5% during the 3rd quarter. Barclays PLC now owns 101,463 shares of the company’s stock valued at $7,082,000 after purchasing an additional 53,026 shares during the period. Hedge funds and other institutional investors own 94.83% of the company’s stock.

About Construction Partners

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.