DA Davidson Has Positive Estimate for ROAD FY2025 Earnings

Construction Partners, Inc. (NASDAQ:ROAD) – Analysts at DA Davidson boosted their FY2025 EPS estimates for shares of Construction Partners in a research note issued to investors on Monday, May 12th. DA Davidson analyst B. Thielman now expects that the company will post earnings of $2.05 per share for the year, up from their prior forecast of $1.80. 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 $1.96 per share.

Construction Partners (NASDAQ:ROAD) last posted its quarterly earnings data on Friday, May 9th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.12. Construction Partners had a return on equity of 11.94% and a net margin of 2.82%. The business had revenue of $571.65 million for the quarter, compared to analyst estimates of $559.61 million. During the same period in the previous year, the company posted ($0.02) earnings per share. The firm’s revenue for the quarter was up 53.9% on a year-over-year basis.

A number of other brokerages have also commented on ROAD. Raymond James cut their price target on Construction Partners from $104.00 to $100.00 and set a “strong-buy” rating for the company in a report on Tuesday, April 29th. Robert W. Baird upped their target price on shares of Construction Partners from $100.00 to $102.00 and gave the company a “neutral” rating in a research note on Monday, February 10th.

Construction Partners Stock Performance

ROAD opened at $99.04 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 1.54 and a debt-to-equity ratio of 1.46. The stock’s 50 day moving average price is $79.61 and its two-hundred day moving average price is $84.31. The firm has a market capitalization of $5.53 billion, a P/E ratio of 92.56, a price-to-earnings-growth ratio of 0.99 and a beta of 0.87. Construction Partners has a 12-month low of $51.63 and a 12-month high of $104.53.

Institutional Investors Weigh In On Construction Partners

Several institutional investors and hedge funds have recently bought and sold shares of ROAD. Montag A & Associates Inc. bought a new position in shares of Construction Partners during the 1st quarter worth about $29,000. Versant Capital Management Inc acquired a new position in Construction Partners in the first quarter worth about $30,000. USA Financial Formulas acquired a new position in Construction Partners in the fourth quarter worth about $31,000. Mather Group LLC. bought a new position in Construction Partners during the fourth quarter worth about $33,000. Finally, Byrne Asset Management LLC boosted its holdings in Construction Partners by 33.3% during the fourth quarter. Byrne Asset Management LLC now owns 533 shares of the company’s stock valued at $47,000 after purchasing an additional 133 shares in the last quarter. Institutional investors own 94.83% of the company’s stock.

Insider Activity at Construction Partners

In other news, SVP John L. Harper sold 6,000 shares of Construction Partners stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $73.83, for a total transaction of $442,980.00. Following the sale, the senior vice president now owns 159,389 shares of the company’s stock, valued at approximately $11,767,689.87. This trade represents a 3.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Fred Julius Smith III acquired 9,333 shares of the stock in a transaction dated Monday, April 14th. The shares were purchased at an average price of $73.83 per share, for a total transaction of $689,055.39. Following the completion of the transaction, the chief executive officer now owns 9,333 shares of the company’s stock, valued at $689,055.39. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate 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.