Construction Partners (ROAD) Stock Forecast, Price & News

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

3 Wall Street research analysts have issued 12-month target prices for Construction Partners' stock. Their ROAD share price forecasts range from $34.00 to $38.00. On average, they expect the company's share price to reach $36.00 in the next year. This suggests a possible upside of 3.4% from the stock's current price.
View analysts price targets for ROAD or view top-rated stocks among Wall Street analysts.

Construction Partners' stock was trading at $26.69 at the start of the year. Since then, ROAD shares have increased by 30.4% and is now trading at $34.81.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 28th 2023.
View our ROAD earnings forecast.

Construction Partners, Inc. (NASDAQ:ROAD) announced its quarterly earnings results on Wednesday, August, 2nd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.32 by $0.09. The business earned $421.90 million during the quarter, compared to the consensus estimate of $430.77 million. Construction Partners had a net margin of 2.11% and a trailing twelve-month return on equity of 6.75%. The company's revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 earnings per share.

First Trust RBA American Industrial Renaissance ETF holds 388,850 shares of ROAD stock, representing 2.85% of its portfolio.

Construction Partners issued an update on its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.53 billion-$1.55 billion, compared to the consensus revenue estimate of $1.56 billion.

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).

(ROAD) raised $181 million in an IPO on Friday, May 4th 2018. The company issued 11,300,000 shares at $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.

Construction Partners trades on the NASDAQ under the ticker symbol "ROAD."

Construction Partners' stock is owned by many different retail and institutional investors. Top institutional shareholders include Conestoga Capital Advisors LLC (9.65%), Kayne Anderson Rudnick Investment Management LLC (7.62%), Geneva Capital Management LLC (5.94%), BlackRock Inc. (5.83%), Wasatch Advisors LP (3.29%) and State Street Corp (1.57%). Insiders that own company stock include John L Harper, Noreen E Skelly, Stefan L Shaffer, Suntx Capital Management Corp and Todd Keith Andrews.
View institutional ownership trends.

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

One share of ROAD stock can currently be purchased for approximately $34.81.

Construction Partners (NASDAQ:ROAD) has a market capitalization of $1.84 billion and generates $1.30 billion in revenue each year. The company earns $21.38 million in net income (profit) each year or $0.59 on an earnings per share basis.

The company employs 3,790 workers across the globe.

Construction Partners' mailing address is 290 HEALTHWEST DR. SUITE 2, DOTHAN AL, 36303. The official website for the company is www.constructionpartners.net. The company can be reached via phone at (334) 673-9763 or via email at road@dennardlascar.com.