Stifel Nicolaus Boosts Construction Partners (NASDAQ:ROAD) Price Target to $57.00

Construction Partners (NASDAQ:ROADGet Free Report) had its price objective increased by stock analysts at Stifel Nicolaus from $51.00 to $57.00 in a report released on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 25.52% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on ROAD. Raymond James upped their price objective on shares of Construction Partners from $45.00 to $49.00 and gave the company a “strong-buy” rating in a research report on Friday, December 1st. Robert W. Baird cut shares of Construction Partners from an “outperform” rating to a “neutral” rating and increased their price target for the stock from $46.00 to $50.00 in a research report on Monday. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $50.25.

Check Out Our Latest Analysis on ROAD

Construction Partners Stock Down 3.0 %

Shares of NASDAQ ROAD opened at $45.41 on Monday. The company has a current ratio of 1.70, a quick ratio of 1.39 and a debt-to-equity ratio of 0.70. The stock has a fifty day moving average price of $43.56 and a 200 day moving average price of $39.39. The company has a market cap of $2.39 billion, a P/E ratio of 42.05 and a beta of 0.64. Construction Partners has a 12-month low of $24.12 and a 12-month high of $50.70.

Construction Partners (NASDAQ:ROADGet Free Report) last posted its quarterly earnings data on Friday, February 9th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The company had revenue of $396.51 million during the quarter, compared to analysts’ expectations of $393.62 million. Construction Partners had a net margin of 3.52% and a return on equity of 11.78%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.04 EPS. Research analysts anticipate that Construction Partners will post 1.27 EPS for the current fiscal year.

Insider Transactions at Construction Partners

In other Construction Partners news, Director Craig Jennings sold 50,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $42.64, for a total value of $2,132,000.00. Following the transaction, the director now owns 50,000 shares of the company’s stock, valued at $2,132,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 18.80% of the company’s stock.

Hedge Funds Weigh In On Construction Partners

A number of large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio lifted its holdings in Construction Partners by 40.4% in the third quarter. Public Employees Retirement System of Ohio now owns 1,102 shares of the company’s stock worth $29,000 after acquiring an additional 317 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Construction Partners by 3.7% in the fourth quarter. Arizona State Retirement System now owns 12,225 shares of the company’s stock valued at $532,000 after purchasing an additional 439 shares during the period. Captrust Financial Advisors increased its stake in shares of Construction Partners by 37.1% in the second quarter. Captrust Financial Advisors now owns 2,223 shares of the company’s stock valued at $47,000 after purchasing an additional 602 shares during the period. Raymond James Trust N.A. increased its stake in shares of Construction Partners by 5.9% in the second quarter. Raymond James Trust N.A. now owns 12,915 shares of the company’s stock valued at $406,000 after purchasing an additional 721 shares during the period. Finally, NBC Securities Inc. acquired a new stake in shares of Construction Partners in the third quarter valued at approximately $26,000. Institutional investors own 77.19% of the company’s stock.

About Construction Partners

(Get Free Report)

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.

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