In yesterday’s Wall Street session, Construction Partners Inc (NASDAQ:ROAD) shares traded at $90.27, up 0.52% from the previous session.
ROAD stock price is now -2.14% away from the 50-day moving average and 32.02% away from the 200-day moving average. The market capitalization of the company currently stands at $5.04B.
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With the price target maintained at $59, Sidoti recently Downgraded its rating from Buy to Neutral for Construction Partners Inc (NASDAQ: ROAD). On February 12, 2024, Robert W. Baird Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock increasing its target price from $46 to quote $50, while ‘Raymond James’ rates the stock as ‘Strong Buy’
In other news, Andrews Todd Keith, Chief Accounting Officer sold 5,489 shares of the company’s stock on Dec 20 ’24. The stock was sold for $504,110 at an average price of $91.84. Upon completion of the transaction, the Chief Accounting Officer now directly owns 17,394 shares in the company, valued at $1.57 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 20 ’24, Officer Todd K. Andrews bought 5,489 shares of the business’s stock. A total of $504,088 was incurred on buying the stock at an average price of $91.84. A total of 17.66% of the company’s stock is owned by insiders.
During the past 12 months, Construction Partners Inc has had a low of $39.79 and a high of $103.69. As of last week, the company has a debt-to-equity ratio of 0.96, a current ratio of 1.54, and a quick ratio of 1.26. According to the stock market information, the enterprise value for the company is $5273280000, which is based on a 68.89 price-to-earnings ratio, a 1.63 price-to-earnings-growth ratio, and a beta of 0.75. The fifty day moving average price for ROAD is $91.9849 and a two-hundred day moving average price translates $68.19882 for the stock.
The latest earnings results from Construction Partners Inc (NASDAQ: ROAD) was released for 2024-06-30. The net profit margin was 3.78% and return on equity was 12.64% for ROAD. The company reported revenue of $517.79 million for the quarter, compared to $421.89 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.73 percent.
