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

Construction Partners, Inc. (NASDAQ:ROAD) CAO Todd Keith Andrews sold 5,489 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $91.84, for a total transaction of $504,109.76. Following the sale, the chief accounting officer now directly owns 17,394 shares in the company, valued at $1,597,464.96. This trade 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 stock was sold at an average price of $95.86, for a total value of $240,704.46.

Construction Partners Trading Down 1.9 %

Shares of ROAD stock traded down $1.79 on Monday, hitting $90.98. 268,234 shares of the company’s stock traded hands, compared to its average volume of 372,501. The company’s fifty day simple moving average is $90.02 and its 200 day simple moving average is $71.44. 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, Inc. has a one year low of $39.79 and a one year high of $103.69. The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of 68.92, a P/E/G ratio of 1.15 and a beta of 0.70.

Construction Partners (NASDAQ:ROAD) last posted its quarterly earnings results 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 return on equity of 12.90% and a net margin of 3.78%. The company had revenue of $538.16 million for the quarter, compared to the consensus estimate of $538.04 million. During the same quarter in the previous year, the business earned $0.59 earnings per share. Construction Partners’s revenue was up 13.3% compared to the same quarter last year. Equities analysts forecast that Construction Partners, Inc. will post 1.96 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ROAD. GAMMA Investing LLC lifted its holdings in Construction Partners by 24.4% in the third quarter. GAMMA Investing LLC now owns 873 shares of the company’s stock worth $61,000 after buying an additional 171 shares during the period. Arizona State Retirement System lifted its position in Construction Partners by 2.1% during the second quarter. Arizona State Retirement System now owns 12,270 shares of the company’s stock valued at $677,000 after buying an additional 257 shares during the period. KBC Group NV boosted its holdings in shares of Construction Partners by 35.0% during the 3rd quarter. KBC Group NV now owns 1,417 shares of the company’s stock valued at $99,000 after buying an additional 367 shares in the last quarter. nVerses Capital LLC grew its holdings in Construction Partners by 19.0% in the third 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. increased its position in Construction Partners by 8.7% during the 3rd quarter. Benjamin Edwards Inc. now owns 7,419 shares of the company’s stock valued at $518,000 after buying an additional 594 shares in the last quarter. 94.83% of the stock is owned by hedge funds and other institutional investors.

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.