Shares of Construction Partners, Inc. (NASDAQ:ROAD - Get Free Report) have received an average rating of "Moderate Buy" from the eight brokerages that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $116.83.
A number of analysts recently commented on ROAD shares. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $125.00 price target on shares of Construction Partners in a research note on Friday, November 6th. Weiss Ratings cut shares of Construction Partners from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, September 17th. Zacks Research lowered shares of Construction Partners from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 16th. B. Riley Financial dropped their price objective on shares of Construction Partners from $135.00 to $100.00 and set a "buy" rating on the stock in a report on Monday. Finally, Robert W. Baird decreased their target price on Construction Partners from $145.00 to $141.00 and set an "outperform" rating on the stock in a report on Monday, August 10th.
Read Our Latest Research Report on Construction Partners
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in ROAD. Hollencrest Capital Management bought a new stake in Construction Partners during the 1st quarter worth approximately $39,000. USA Financial Formulas purchased a new stake in shares of Construction Partners during the third quarter worth about $40,000. Salomon & Ludwin LLC bought a new stake in Construction Partners during the 3rd quarter valued at approximately $42,000. Signaturefd LLC lifted its holdings in Construction Partners by 78.0% in the 3rd quarter. Signaturefd LLC now owns 470 shares of the company's stock worth $42,000 after purchasing an additional 206 shares in the last quarter. Finally, Jones Financial Companies Lllp purchased a new position in Construction Partners in the 2nd quarter worth approximately $63,000. 94.83% of the stock is owned by hedge funds and other institutional investors.
Construction Partners Trading Up 2.9%
NASDAQ:ROAD opened at $84.03 on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 1.68. The company has a fifty day moving average of $90.43 and a 200 day moving average of $109.91. The firm has a market capitalization of $4.77 billion, a P/E ratio of 32.95, a P/E/G ratio of 0.68 and a beta of 0.94. Construction Partners has a 52 week low of $74.51 and a 52 week high of $151.00.
About Construction Partners
(
Get Free Report)
Construction Partners, Inc. is a civil infrastructure company that builds and maintains roads, highways, and other transportation-related projects. Its services include roadway paving, site development, milling and resurfacing, and related construction work for public and private customers. The company also produces and supplies materials used in its projects, including hot-mix asphalt and aggregates. Its vertically integrated operations combine construction services with materials production and distribution.
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