Construction Partners Inc. (ROAD): Traded shares at $17.65 on Tuesday, August 04

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Construction Partners Inc. (NASDAQ:ROAD) changes shares on Tuesday trading session, with a change of 3.58% or $0.61 shares. The trading starts at $17.04 and closed at $17.04 throughout the day. The trading session low price was $17.04 and day high was $17.71 on Tuesday, August 04. After the session, the Industrials sector daily volume shifted to 0.16 million while its average volume is 268.14K. In other hand, the ROAD market cap reached to $885.85M. While, its current target price is $18.14.

On May 8, 2018, BRIEF-Construction Partners Inc Announces Closing Of Initial Public Offering. According to the news reported on Reuters, * CONSTRUCTION PARTNERS INC ANNOUNCES CLOSING OF INITIAL PUBLIC OFFERING Source text for Eikon:

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 11.43% and down -0.17% for month. Its quarterly performance was 5.63% above, while its half year performance is up 2.44%. ROAD yearly performance stood at positive 24.91% and rise 4.62% for year-to-date. Current recommendation for Construction Partners Inc. is 1.60.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. ROAD EPS (TTM) for 12-month is 0.79. EPS for this year is -6.80%, while for the next year its value is 0.77. Sales growth for the current quarter is 3.18 while its EPS Q/Q reached -63.60%. It has an EPS of next five years will be up 7.00%.

Let’s take a look on the analyst recommendations on ROAD for the current month and previous month. For the current month, 4 of 7 analysts recommend stock as Buy while 0 as Sell, 2 as overweight, 0 as underweight and 1 as Hold. As compared with the previous month ratings, 7 analysts participate in stock recommendation. Out of 7, 0 rated it sell, 5 rated it as Buy and 1 as Hold Ratings. On the other hand, target price ranges from $16.00 – $20.00. Average target price for ROAD was reached at $18.14.

SunTx Capital Management Corp., Conestoga Capital Advisors, LLC and Blackrock Inc. are the top three holders in Construction Partners Inc. (ROAD) stock. On Mar 30, 2020, SunTx Capital Management Corp. has 13.47 million shares which valued 227.59 million. On Mar 30, 2020, Conestoga Capital Advisors, LLC owned 3.63 million shares which valued at 61.27 million. On Mar 30, 2020, Blackrock Inc. has a total of 1.57 million shares which valued at 26.45 million. In the end, Blackrock Inc. have 4.77% shares outstanding of Construction Partners Inc. (ROAD) on Mar 30, 2020. The insider ownership moved to 0.10% and institutional holding shifted to 90.20%.

The company posted an EPS (TTM) of 0.79. According to the most recent quarter report on (Jun 2020), 7 analysts estimated an average EPS of 0.24, while 0.33 EPS posted a year ago period. Analyst Estimated EPS for ROAD published in the report was $0.23 – $0.26 during the same period. Comparing with last year, the average estimated EPS was 0.33 which is higher than 0.03 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for ROAD rise 3.25% for period of 200 days. SMA for 50 days was 2.28% which is showing green signal, while SMA-20 was 7.39%. The moving average value for Construction Partners Inc. (ROAD) is 1.71M and 2.95% for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in ROAD stock. On Jun 15, SunTx Capital Management Corp., Director, sold 862,500 trading shares at the cost of $16.00, which valued at 13.8 million. On Jun 11, SunTx Capital Management Corp., Director, sold 5,750,000 shares at the cost of $16.00, with total shares of 981,119. On May 13, Flowers Robert P., Senior Vice President, bought 215 shares at the cost of 14.00. After this transaction, Flowers Robert P. total shares reached to 215 which valued at 3010.0.