Construction Partners (NASDAQ:ROAD) Earns Hold (C+) Rating from Weiss Ratings

Key Points

• Construction Partners' stock has been reaffirmed with a hold (C+) rating by Weiss Ratings, while several analysts have issued strong buy ratings and raised their price targets, indicating varying levels of optimism about the company's performance.
• The company reported a net margin of 3.04% and earnings of $0.81 per share last quarter, falling short of the consensus estimate, despite a 50.5% increase in revenue year-over-year.
• Construction Partners has a market capitalization of $6.62 billion and 94.83% of its shares are owned by institutional investors, reflecting strong backing from major financial players.

Construction Partners (NASDAQ:ROAD - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by stock analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

Several other equities research analysts have also commented on ROAD. Raymond James Financial reissued a "strong-buy" rating and issued a $135.00 price target (up previously from $120.00) on shares of Construction Partners in a report on Tuesday. Robert W. Baird set a $122.00 target price on shares of Construction Partners and gave the stock an "outperform" rating in a research note on Friday, August 8th. Zacks Research upgraded shares of Construction Partners from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 6th. DA Davidson lifted their price objective on Construction Partners from $110.00 to $120.00 and gave the stock a "neutral" rating in a report on Thursday. Finally, Baird R W upgraded Construction Partners from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 8th. Three analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Construction Partners has an average rating of "Buy" and a consensus target price of $125.67.

Construction Partners Price Performance

Shares of Construction Partners stock traded up $1.98 on Friday, hitting $117.99. The company's stock had a trading volume of 492,187 shares, compared to its average volume of 432,069. The company has a market capitalization of $6.62 billion, a price-to-earnings ratio of 86.12, a price-to-earnings-growth ratio of 0.98 and a beta of 0.98. Construction Partners has a 1 year low of $64.79 and a 1 year high of $138.90. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.20 and a current ratio of 1.47. The firm has a fifty day moving average price of $122.49 and a 200-day moving average price of $106.90.

Construction Partners (NASDAQ:ROAD - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). The business had revenue of $779.28 million during the quarter, compared to analyst estimates of $810.47 million. Construction Partners had a net margin of 3.04% and a return on equity of 12.24%. The firm's revenue for the quarter was up 50.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 earnings per share. Construction Partners has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Construction Partners will post 1.96 earnings per share for the current fiscal year.

Institutional Trading of Construction Partners

A number of hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd lifted its stake in Construction Partners by 2,750.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 285 shares of the company's stock worth $30,000 after purchasing an additional 275 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Construction Partners in the third quarter valued at approximately $47,000. Montag A & Associates Inc. purchased a new position in Construction Partners during the first quarter worth approximately $29,000. MAI Capital Management acquired a new position in Construction Partners during the second quarter worth $44,000. Finally, Hazlett Burt & Watson Inc. grew its holdings in Construction Partners by 88.9% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 425 shares of the company's stock valued at $45,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 94.83% of the company's stock.

Construction Partners Company Profile

Construction Partners, Inc, a civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company provides various products and services to public and private infrastructure projects, such as highways, roads, bridges, airports, and commercial and residential developments.

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