Construction Partners Inc (NASDAQ:ROAD) has earned an average recommendation of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $14.60.

Several equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Construction Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. Imperial Capital restated a “buy” rating and issued a $14.00 price target on shares of Construction Partners in a research report on Thursday, February 14th. Raymond James set a $14.00 price target on shares of Construction Partners and gave the company a “buy” rating in a research report on Thursday, February 14th. Finally, DA Davidson set a $15.00 price target on shares of Construction Partners and gave the company a “buy” rating in a research report on Friday, November 23rd.

In related news, Director Ned N. Fleming III bought 4,000 shares of the business’s stock in a transaction on Friday, December 21st. The stock was bought at an average price of $8.47 per share, for a total transaction of $33,880.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 74.79% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in Construction Partners by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 70,571 shares of the company’s stock worth $623,000 after buying an additional 1,269 shares in the last quarter. Penn Capital Management Co. Inc. lifted its position in Construction Partners by 24.1% in the 4th quarter. Penn Capital Management Co. Inc. now owns 357,360 shares of the company’s stock worth $3,155,000 after buying an additional 69,509 shares in the last quarter. Two Sigma Advisers LP lifted its position in Construction Partners by 20.1% in the 4th quarter. Two Sigma Advisers LP now owns 42,400 shares of the company’s stock worth $374,000 after buying an additional 7,100 shares in the last quarter. Two Sigma Investments LP lifted its position in Construction Partners by 1.8% in the 4th quarter. Two Sigma Investments LP now owns 121,747 shares of the company’s stock worth $1,075,000 after buying an additional 2,190 shares in the last quarter. Finally, Natixis Advisors L.P. lifted its position in Construction Partners by 9.1% in the 4th quarter. Natixis Advisors L.P. now owns 130,065 shares of the company’s stock worth $1,148,000 after buying an additional 10,805 shares in the last quarter. Institutional investors own 20.29% of the company’s stock.

Shares of NASDAQ:ROAD opened at $12.27 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.30 and a quick ratio of 2.03. The company has a market capitalization of $628.33 million and a P/E ratio of 14.27. Construction Partners has a 52 week low of $7.70 and a 52 week high of $14.06.

Construction Partners (NASDAQ:ROAD) last issued its quarterly earnings results on Monday, February 11th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.04). The firm had revenue of $154.33 million during the quarter, compared to analysts’ expectations of $170.23 million. Construction Partners had a net margin of 6.57% and a return on equity of 12.92%. On average, research analysts expect that Construction Partners will post 0.77 earnings per share for the current year.

About Construction Partners

Construction Partners, Inc, an infrastructure and road construction company, provides construction products and services to public and private sectors. It offers construction of highways, roads, bridges, airports, and commercial and residential sites. The company provides a range of sitework construction services, including site development, paving, and utility and drainage systems construction, as well as supplies hot mix asphalt required for the projects.

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Analyst Recommendations for Construction Partners (NASDAQ:ROAD)

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