Currently, there are 43.73M common shares owned by the public and among those 42.50M shares have been available to trade.
Insiders at the company have transacted a total of 21 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 3 of these insider trades were purchases, accounting for 2,906,214 shares. Insider sales of the common stock occurred on 18 occasions, with total insider shares sold totaling 3,031,290 shares.
The company’s stock has a 5-day price change of 0.68% and 10.87% over the past three months. ROAD shares are trading 8.30% year to date (YTD), with the 12-month market performance up to 56.42% higher. It has a 12-month low price of $24.12 and touched a high of $50.70 over the same period. ROAD has an average intraday trading volume of 329.47K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.81%, 7.45%, and 28.45% respectively.
Institutional ownership of Construction Partners Inc (NASDAQ: ROAD) shares accounts for 81.99% of the company’s 43.73M shares outstanding.
It has a market capitalization of $2.49B and a beta (3y monthly) value of 0.64. The stock’s trailing 12-month PE ratio is 43.38, while the earnings-per-share (ttm) stands at $1.09. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.22% over the week and 3.96% over the month.
Analysts forecast that Construction Partners Inc (ROAD) will achieve an EPS of -$0.03 for the current quarter, $0.52 for the next quarter and $1.7 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.11 while analysts give the company a high EPS estimate of $0.05. Comparatively, EPS for the current quarter was -$0.11 a year ago. Earnings per share for the fiscal year are expected to increase by 41.22%, and 28.06% over the next financial year.
Looking at the support for the ROAD, a number of firms have released research notes about the stock. Robert W. Baird stated their Neutral rating for the stock in a research note on February 12, 2024, with the firm’s price target at $46-$50.
