Construction Partners Inc (NASDAQ: ROAD) is 122.54% higher on its value in year-to-date trading and has touched a low of $39.79 and a high of $97.25 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ROAD stock was last observed hovering at around $91.31 in the last trading session, with the day’s gains setting it 5.54%.
Currently trading at $96.85, the stock is 11.19% and 23.57% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.9 million and changing 6.07% at the moment leaves the stock 58.03% off its SMA200. ROAD registered 127.99% gain for a year compared to 6-month gain of 65.53%. The firm has a 50-day simple moving average (SMA 50) of $77.7076 and a 200-day simple moving average (SMA200) of $61.051.
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The stock witnessed a 18.44% loss in the last 1 month and extending the period to 3 months gives it a 49.76%, and is 8.53% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.46% over the week and 4.29% over the month.
Construction Partners Inc (ROAD) has around 4014 employees, a market worth around $5.12B and $1.76B in sales. Current P/E ratio is 72.11 and Fwd P/E is 39.89. Profit margin for the company is 4.01%. Distance from 52-week low is 143.40% and -0.42% from its 52-week high. The company has generated returns on investments over the last 12 months (6.82%).
The EPS is expected to grow by 45.04% this year
350.0 institutions hold shares in Construction Partners Inc (ROAD), with institutional investors hold 98.59% of the company’s shares. The shares outstanding are 43.73M, and float is at 42.35M with Short Float at 4.45%. Institutions hold 96.76% of the Float.
The top institutional shareholder in the company is CONESTOGA CAPITAL ADVISORS, LLC with over 4.14 million shares valued at $228.3 million. The investor’s holdings represent 7.9618 of the ROAD Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 3.6 million shares valued at $198.85 million to account for 6.9345 of the shares outstanding. The other top investors are GENEVA CAPITAL MANAGEMENT LLC which holds 3.33 million shares representing 6.4035 and valued at over $183.62 million, while KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC holds 5.2291 of the shares totaling 2.72 million with a market value of $149.94 million.
Construction Partners Inc (ROAD) Insider Activity
The most recent transaction is an insider sale by Matteson Mark R, the company’s Director. SEC filings show that Matteson Mark R sold 94,592 shares of the company’s common stock on Aug 23 ’24 at a price of $63.40 per share for a total of $6.0 million. Following the sale, the insider now owns 8000.0 shares.
Construction Partners Inc disclosed in a document filed with the SEC on Aug 22 ’24 that Matteson Mark R (Director) sold a total of 25,408 shares of the company’s common stock. The trade occurred on Aug 22 ’24 and was made at $61.97 per share for $1.57 million. Following the transaction, the insider now directly holds 0.1 million shares of the ROAD stock.
Still, SEC filings show that on Aug 22 ’24, Matteson Mark R (affiliate) Proposed Sale 120,000 shares at an average price of $61.43 for $7.37 million. The insider now directly holds shares of Construction Partners Inc (ROAD).
