FY2025 Earnings Forecast for ROAD Issued By DA Davidson

Construction Partners, Inc. (NASDAQ:ROAD) – Equities researchers at DA Davidson reduced their FY2025 earnings per share estimates for Construction Partners in a note issued to investors on Wednesday, February 12th. DA Davidson analyst B. Thielman now expects that the company will earn $1.80 per share for the year, down from their previous forecast of $1.92. DA Davidson has a “Neutral” rating and a $95.00 price objective on the stock. The consensus estimate for Construction Partners’ current full-year earnings is $1.95 per share.

A number of other equities research analysts also recently weighed in on the company. Robert W. Baird raised their target price on Construction Partners from $100.00 to $102.00 and gave the company a “neutral” rating in a report on Monday. Raymond James dropped their price target on Construction Partners from $112.00 to $104.00 and set a “strong-buy” rating for the company in a research note on Thursday, January 16th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Construction Partners currently has an average rating of “Moderate Buy” and a consensus target price of $85.40.

Construction Partners Trading Down 2.7 %

Shares of ROAD stock opened at $78.43 on Friday. The stock’s fifty day moving average price is $88.43 and its two-hundred day moving average price is $79.31. The company has a market cap of $4.38 billion, a PE ratio of 59.42, a P/E/G ratio of 1.25 and a beta of 0.74. Construction Partners has a fifty-two week low of $45.26 and a fifty-two week 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.

Construction Partners (NASDAQ:ROAD) last issued its quarterly earnings results on Thursday, November 21st. The company reported $0.56 earnings per share (EPS) 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 analyst estimates of $538.04 million. Construction Partners had a return on equity of 12.90% and a net margin of 3.78%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.59 EPS.

Hedge Funds Weigh In On Construction Partners

A number of hedge funds have recently added to or reduced their stakes in ROAD. GAMMA Investing LLC boosted its stake in Construction Partners by 24.4% during the 3rd quarter. GAMMA Investing LLC now owns 873 shares of the company’s stock valued at $61,000 after purchasing an additional 171 shares during the last quarter. Creative Planning boosted its stake in shares of Construction Partners by 22.8% in the 3rd quarter. Creative Planning now owns 7,060 shares of the company’s stock worth $493,000 after buying an additional 1,311 shares during the last quarter. NBC Securities Inc. boosted its stake in shares of Construction Partners by 36.9% in the 3rd quarter. NBC Securities Inc. now owns 4,927 shares of the company’s stock worth $343,000 after buying an additional 1,327 shares during the last quarter. nVerses Capital LLC boosted its stake in shares of 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 buying an additional 400 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Construction Partners by 47.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 207,422 shares of the company’s stock worth $14,478,000 after buying an additional 67,150 shares during the last quarter. Institutional investors and hedge funds own 94.83% of the company’s stock.

Insider Buying and Selling

In other news, CAO Todd Keith Andrews sold 5,489 shares of Construction Partners stock in a transaction dated Friday, December 20th. The stock was 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 of the company’s stock, valued at approximately $1,597,464.96. This trade represents a 23.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Charles E. Owens sold 46,596 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $101.33, for a total value of $4,721,572.68. Following the completion of the sale, 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 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 three months. 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.