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Robert P. Flowers, Senior Vice President of Construction Partners, Inc. (NASDAQ:ROAD), recently sold shares of the company’s stock in a transaction dated April 14, 2025. The sale comes as the company’s stock trades near $80 per share, having gained over 14% in the past week, with a market capitalization of approximately $4.5 billion. Flowers sold 3,333 shares of Class A Common Stock at a price of $73.83 per share, amounting to a total transaction value of approximately $246,075. Following this sale, Flowers retains ownership of 46,601 shares of Class A Common Stock, which includes 31,949 restricted shares with time-based vesting criteria. According to InvestingPro analysis, the company currently appears overvalued based on its Fair Value assessment, with the next earnings report scheduled for May 9, 2025.
Additionally, Flowers conducted a privately negotiated sale of 5,990 shares of Class B Common Stock, also at $73.83 per share. This transaction was made to another holder of Class B Common Stock, resulting in Flowers no longer holding any Class B shares post-transaction.
These transactions were part of a Form 4 filing with the Securities and Exchange Commission, reflecting Flowers’ direct ownership changes in the company’s stock.
In other recent news, Construction Partners Inc . reported strong financial results for the first quarter of fiscal year 2025, exceeding Wall Street expectations. The company posted an earnings per share of $0.25, surpassing the forecast of $0.18, and reported revenue of $561.6 million, ahead of the anticipated $508.75 million. Construction Partners also announced a substantial year-over-year increase in EBITDA, which at $69 million, showed a 68% improvement, supported by a 42% increase in revenue. Despite these strong earnings, the company reported a lower-than-expected free cash flow of $14 million for the first quarter, impacted by weather-related factors.
BofA Securities updated its outlook on Construction Partners, reducing the stock’s price target to $100 from the previous $107, while still maintaining a Buy rating. In terms of company leadership, Construction Partners concluded its annual stockholders’ meeting with the reelection of directors and ratification of auditors, demonstrating strong shareholder support. DA Davidson maintained a Neutral rating on the stock, noting the company’s robust bidding activity, particularly in Florida and North Carolina, which is expected to bolster the company’s backlog. These developments reflect a positive operational outlook for Construction Partners, as it navigates through its fiscal second quarter.
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