NASDAQ:ROAD

Construction Partners (ROAD) Stock Price, News & Analysis

$52.77
+1.39 (+2.71%)
(As of 04/26/2024 ET)
Today's Range
$50.86
$52.87
50-Day Range
$45.70
$57.88
52-Week Range
$24.20
$58.65
Volume
252,284 shs
Average Volume
354,511 shs
Market Capitalization
$2.78 billion
P/E Ratio
48.86
Dividend Yield
N/A
Price Target
$52.00

Construction Partners MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
1.5% Downside
$52.00 Price Target
Short Interest
Healthy
3.89% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-7.47
Upright™ Environmental Score
News Sentiment
0.25mentions of Construction Partners in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
26.12%
From $1.34 to $1.69 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.23 out of 5 stars

Construction Sector

54th out of 97 stocks

Heavy Construction, Except Building Construction - Contractors Industry

4th out of 9 stocks

ROAD stock logo

About Construction Partners Stock (NASDAQ:ROAD)

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. It also engages in manufacturing and distributing hot mix asphalt (HMA) for internal use and sales to third parties in connection with construction projects; and paving activities, including the construction of roadway base layers and application of asphalt pavement. In addition, the company is involved in site development, including the installation of utility and drainage systems; mining aggregates, such as sand, gravel, and construction stones that are used as raw materials in the production of HMA; and distributing liquid asphalt cement for internal use and sales to third parties in connection with HMA production. The company was formerly known as SunTx CPI Growth Company, Inc. and changed its name to Construction Partners, Inc. in September 2017. Construction Partners, Inc. was founded in 2007 and is headquartered in Dothan, Alabama.

ROAD Stock Price History

ROAD Stock News Headlines

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Construction Partners (NASDAQ: ROAD)
See More Headlines
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Company Calendar

Last Earnings
2/09/2024
Today
4/26/2024
Next Earnings (Confirmed)
5/10/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Industry
Heavy construction, except building construction - contractors
Sub-Industry
N/A
Current Symbol
NASDAQ:ROAD
Fax
N/A
Employees
4,014
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$52.00
High Stock Price Target
$59.00
Low Stock Price Target
$45.00
Potential Upside/Downside
-1.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$49 million
Pretax Margin
4.69%

Debt

Sales & Book Value

Annual Sales
$1.62 billion
Cash Flow
$2.52 per share
Book Value
$9.80 per share

Miscellaneous

Free Float
42,801,000
Market Cap
$2.78 billion
Optionable
Optionable
Beta
0.65
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ROAD Stock Analysis - Frequently Asked Questions

Should I buy or sell Construction Partners stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Construction Partners in the last twelve months. There are currently 2 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ROAD shares.
View ROAD analyst ratings
or view top-rated stocks.

What is Construction Partners' stock price target for 2024?

4 analysts have issued 1 year price targets for Construction Partners' stock. Their ROAD share price targets range from $45.00 to $59.00. On average, they predict the company's stock price to reach $52.00 in the next twelve months. This suggests that the stock has a possible downside of 1.5%.
View analysts price targets for ROAD
or view top-rated stocks among Wall Street analysts.

How have ROAD shares performed in 2024?

Construction Partners' stock was trading at $43.52 at the beginning of 2024. Since then, ROAD stock has increased by 21.3% and is now trading at $52.77.
View the best growth stocks for 2024 here
.

Are investors shorting Construction Partners?

Construction Partners saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 2,200,000 shares, an increase of 50.7% from the March 15th total of 1,460,000 shares. Based on an average daily trading volume, of 355,500 shares, the short-interest ratio is currently 6.2 days.
View Construction Partners' Short Interest
.

When is Construction Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 10th 2024.
View our ROAD earnings forecast
.

How can I listen to Construction Partners' earnings call?

Construction Partners will be holding an earnings conference call on Friday, May 10th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13745318#".

How were Construction Partners' earnings last quarter?

Construction Partners, Inc. (NASDAQ:ROAD) issued its earnings results on Friday, February, 9th. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.06. The firm earned $396.51 million during the quarter, compared to analysts' expectations of $393.62 million. Construction Partners had a net margin of 3.52% and a trailing twelve-month return on equity of 11.56%. The business's quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.04 earnings per share.

What ETFs hold Construction Partners' stock?
What guidance has Construction Partners issued on next quarter's earnings?

Construction Partners updated its FY 2024 earnings guidance on Friday, February, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.8 billion-$1.8 billion, compared to the consensus revenue estimate of $1.8 billion.

What other stocks do shareholders of Construction Partners own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Construction Partners investors own include Alibaba Group (BABA), Intel (INTC), General Electric (GE), AbbVie (ABBV), CVS Health (CVS), RTX (RTX), Verizon Communications (VZ), Altria Group (MO), NVIDIA (NVDA) and Pfizer (PFE).

When did Construction Partners IPO?

Construction Partners (ROAD) raised $181 million in an IPO on Friday, May 4th 2018. The company issued 11,300,000 shares at a price of $15.00-$17.00 per share. Baird, Raymond James and Stephens served as the underwriters for the IPO and Imperial Capital and D.A. Davidson were co-managers.

Who are Construction Partners' major shareholders?

Construction Partners' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Conestoga Capital Advisors LLC (7.62%), Wasatch Advisors LP (3.21%), Raymond James & Associates (0.66%), Rice Hall James & Associates LLC (0.29%), Allspring Global Investments Holdings LLC (0.28%) and Raymond James Financial Services Advisors Inc. (0.07%). Insiders that own company stock include Craig Jennings, John L Harper, Noreen E Skelly, Stefan L Shaffer, Suntx Capital Ii Management Co, Suntx Capital Management Corp and Todd Keith Andrews.
View institutional ownership trends
.

How do I buy shares of Construction Partners?

Shares of ROAD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:ROAD) was last updated on 4/27/2024 by MarketBeat.com Staff

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