Construction Partners Inc (NASDAQ: ROAD) is 107.95% higher on its value in year-to-date trading and has touched a low of $39.79 and a high of $103.69 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 $90.98 in the last trading session, with the day’s loss setting it -0.56%.
Currently trading at $90.42, the stock is -6.52% and 0.31% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.13 million and changing -0.62% at the moment leaves the stock 35.61% off its SMA200. ROAD registered 106.24% gain for a year compared to 6-month gain of 62.68%. The firm has a 50-day simple moving average (SMA 50) of $89.8195 and a 200-day simple moving average (SMA200) of $66.480774.
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The stock witnessed a -9.48% loss in the last 1 month and extending the period to 3 months gives it a 28.51%, and is -5.63% down 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 4.95% over the week and 3.92% over the month.
Construction Partners Inc (ROAD) has around 4920 employees, a market worth around $5.02B and $1.82B in sales. Current P/E ratio is 69.00 and Fwd P/E is 36.05. Profit margin for the company is 3.78%. Distance from 52-week low is 127.24% and -12.80% from its 52-week high. The company has generated returns on investments over the last 12 months (6.32%).
with sales reaching $518.5M over the same period.The EPS is expected to grow by 48.35% this year, but quarterly earnings will post 38.90% year-over-year. Quarterly sales are estimated to grow 30.77% in year-over-year returns.
Construction Partners Inc (ROAD) Top Institutional Holders
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 55.88M, and float is at 45.99M with Short Float at 5.21%. 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 Andrews Todd Keith, the company’s Chief Accounting Officer. SEC filings show that Andrews Todd Keith sold 5,489 shares of the company’s common stock on Dec 20 ’24 at a price of $91.84 per share for a total of $0.5 million. Following the sale, the insider now owns 17394.0 shares.
Still, SEC filings show that on Dec 16 ’24, Andrews Todd Keith (Chief Accounting Officer) disposed off 2,511 shares at an average price of $95.86 for $0.24 million. The insider now directly holds 19,339 shares of Construction Partners Inc (ROAD).
