NASDAQ:ROAD

Construction Partners (ROAD) Stock Forecast, Price & News

$36.17

+0.32 (+0.89%)

(As of 02:21 PM ET)

Compare

Today's Range: $35.86
▼
$36.47
50-Day Range: $28.58
▼
$36.57
52-Week Range: $24.12
▼
$36.69

Volume: 118,894 shs
Average Volume: 207,240 shs
Market Capitalization: $1.91 billion

P/E Ratio: 61.31
Dividend Yield: N/A
Price Target: $36.00

Construction Partners MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 0.0% Downside
$36.00 Price Target
Short Interest: Healthy
1.15% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -7.47
Upright™ Environmental Score
News Sentiment: 0.27
Based on 8 Articles This Week
Insider Trading: Selling Shares
$1.76 M Sold Last Quarter
Proj. Earnings Growth: 38.10%
From $0.84 to $1.16 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.23 out of 5 stars

Construction Sector

36th out of 102 stocks

Heavy Construction, Except Building Construction - Contractors Industry

2nd out of 9 stocks

1.5

Analyst's Opinion

Consensus Rating
Construction Partners has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $36.00, Construction Partners has a forecasted downside of 0.0% from its current price of $36.01.
Amount of Analyst Coverage
Construction Partners has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.15% of the outstanding shares of Construction Partners have been sold short.
Short Interest Ratio / Days to Cover
Construction Partners has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Construction Partners has recently increased by 4.76%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Construction Partners does not currently pay a dividend.
Dividend Growth
Construction Partners does not have a long track record of dividend growth.

0.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Construction Partners has received a -62.30% net impact score from Upright. The largest negative impact of Construction Partners in category "GHG emissions" seems to be driven mostly by its "Construction of urban roads", "Construction of motorways", and "Construction of pedestrian walkways" products. See details.
Environmental Sustainability
The Environmental Impact score for Construction Partners is -7.47.

2.4

News and Social Media Coverage

News Sentiment
Construction Partners has a news sentiment score of 0.27. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.82 average news sentiment score of Construction companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Construction Partners this week, compared to 4 articles on an average week.
Search Interest
4 people have searched for ROAD on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Construction Partners to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Construction Partners insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,760,000.00 in company stock.
Percentage Held by Insiders
23.54% of the stock of Construction Partners is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
77.19% of the stock of Construction Partners is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Construction Partners are expected to grow by 38.10% in the coming year, from $0.84 to $1.16 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Construction Partners is 61.03, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.53.
Price to Earnings Ratio vs. Sector
The P/E ratio of Construction Partners is 61.03, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 14.33.
Price to Earnings Growth Ratio
Construction Partners has a PEG Ratio of 0.90. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Construction Partners has a P/B Ratio of 4.15. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Construction Partners (NASDAQ:ROAD) Stock

Construction Partners, Inc., a civil infrastructure company, engages in the construction and maintenance of roadways across Alabama, Florida, Georgia, North Carolina, and South Carolina. The company, through its subsidiaries, provides various products and services to public and private infrastructure projects, with a focus on 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; paving activities, including the construction of roadway base layers and application of asphalt pavement; 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 incorporated in 1999 and is headquartered in Dothan, Alabama.

ROAD Price History

30 days | 90 days | 365 days | Advanced Chart

ROAD Stock News Headlines

September 26, 2023 | finance.yahoo.com

Here's Why Construction Partners (ROAD) is Soaring Recently

September 23, 2023 | americanbankingnews.com

Suntx Capital Management Corp. Sells 50,000 Shares of Construction Partners, Inc. (NASDAQ:ROAD) Stock

September 27, 2023 | Wall Street Fundamentals (Ad)

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September 22, 2023 | msn.com

‘Never going to end’: Businesses frustrated with Stony Plain Road construction

September 22, 2023 | finance.yahoo.com

SunTx Capital Management Corp. Reduces Stake in Construction Partners Inc.

September 21, 2023 | msn.com

INDOT to hold kickoff ceremony for pedestrian bridge near Bosse High School

September 21, 2023 | msn.com

Timeline for road construction meant to help with traffic flow for Eli Lilly Lebanon manufacturing sites

September 20, 2023 | msn.com

Construction wraps up on Larimer County's behavioral health center: Here's when it opens

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September 16, 2023 | msn.com

NCDOT: Section of I-77 North closing temporarily for construction

September 15, 2023 | msn.com

Highway 70 five-lane construction wraps up with ceremony

September 14, 2023 | finance.yahoo.com

Building Products Industry Looks Promising: 5 Stocks to Buy

September 13, 2023 | benzinga.com

This Senator Just Sold Up To $500K In Construction Partners Stock

September 8, 2023 | msn.com

Road closures that may create traffic hiccups this weekend in Michigan

September 7, 2023 | msn.com

5 protesters chain themselves to construction equipment at Atlanta public safety training center

September 7, 2023 | msn.com

Are Construction Stocks Lagging Construction Partners (ROAD) This Year?

September 7, 2023 | finance.yahoo.com

Are Construction Stocks Lagging Construction Partners (ROAD) This Year?

September 5, 2023 | finance.yahoo.com

Should You Investigate Construction Partners, Inc. (NASDAQ:ROAD) At US$35.09?

September 1, 2023 | businesswire.com

Highline celebrates the completion of construction in the Thumb!

August 31, 2023 | finance.yahoo.com

3 Top Under-the-Radar Stocks to Buy in September

August 30, 2023 | bizjournals.com

Greensboro's Bell Partners pays nearly $80M for new Raleigh apartments in busy area

August 24, 2023 | msn.com

Construction Partners: A Road To Profits

August 24, 2023 | bizjournals.com

$100M fast-growing construction executive hints at upcoming growth

August 17, 2023 | msn.com

‘Construction project gone wrong.’ Feuding I-4 builders are heading to court

August 11, 2023 | finance.yahoo.com

Are You Looking for a Top Momentum Pick? Why Construction Partners (ROAD) is a Great Choice

August 10, 2023 | finance.yahoo.com

Why Construction Partners (ROAD) Might be Well Poised for a Surge

August 10, 2023 | finance.yahoo.com

Here’s Why Construction Partners (ROAD) Outperformed in Q2

See More Headlines

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ROAD Company Calendar

Last Earnings: 8/02/2023
Today: 9/27/2023
Fiscal Year End: 9/30/2023
Next Earnings (Estimated): 11/28/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Heavy construction, except building construction - contractors
Sub-Industry: N/A
Sector: Construction
Current Symbol: NASDAQ:ROAD
CUSIP: N/A
CIK: 1718227
Web: www.constructionpartners.net
Phone: (334) 673-9763
Fax: N/A
Employees: 3,790
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $36.00
High Stock Price Forecast: $38.00
Low Stock Price Forecast: $34.00
Forecasted Upside/Downside: -0.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.59
Trailing P/E Ratio: 61.31
Forward P/E Ratio: 43.06
P/E Growth: 0.9
Net Income: $21.38 million
Net Margins: 2.11%
Pretax Margin: 2.80%
Return on Equity: 6.75%
Return on Assets: 2.74%

Debt

Debt-to-Equity Ratio: 0.84
Current Ratio: 1.83
Quick Ratio: 1.47

Sales & Book Value

Annual Sales: $1.30 billion
Price / Sales: 1.47
Cash Flow: $1.64 per share
Price / Cash Flow: 22.01
Book Value: $8.68 per share
Price / Book: 4.17

Miscellaneous

Outstanding Shares: 52,730,000
Free Float: 40,315,000
Market Cap: $1.91 billion
Optionable: Not Optionable
Beta: 0.92

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Key Executives

Mr. Ned Nelson Fleming III (Age 63)
Exec. Chairman

Mr. Fred Julius Smith III (Age 53)
Pres, CEO & Director
Comp: $1.18M

Mr. Michael Brett Armstrong (Age 61)
Sr. VP
Comp: $601.91k

Mr. Robert P. Flowers (Age 63)
Sr. VP
Comp: $597.16k

Mr. John L. Harper (Age 58)
Sr. VP
Comp: $732.33k

Mr. Gregory A. Hoffman (Age 58)
Chief Financial Officer

Mr. Todd K. Andrews (Age 60)
Chief Accounting Officer

Mr. Judson Ryan Brooks (Age 34)
Sr. VP of Legal

Mr. John A. Walker (Age 66)
Sr. VP

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ROAD Stock - Frequently Asked Questions

Should I buy or sell Construction Partners stock right now?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Construction Partners in the last year. 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.
What is Construction Partners' stock price forecast for 2023?: 3 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 anticipate the company's stock price to reach $36.00 in the next twelve months. This suggests that the stock has a possible downside of 0.5%.
View analysts price targets for ROAD or view top-rated stocks among Wall Street analysts.
How have ROAD shares performed in 2023?: Construction Partners' stock was trading at $26.69 at the beginning of the year. Since then, ROAD shares have increased by 35.5% and is now trading at $36.17.
View the best growth stocks for 2023 here.
When is Construction Partners' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 28th 2023.
View our ROAD earnings forecast.
How were Construction Partners' earnings last quarter?: Construction Partners, Inc. (NASDAQ:ROAD) announced its quarterly earnings results on Wednesday, August, 2nd. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.09. The company earned $421.90 million during the quarter, compared to analyst estimates 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 firm's quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.23 EPS.
What ETF holds Construction Partners' stock ?: First Trust RBA American Industrial Renaissance ETF holds 388,850 shares of ROAD stock, representing 2.85% of its portfolio.
What guidance has Construction Partners issued on next quarter's earnings?: Construction Partners updated its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided 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.
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?: (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.
What is Construction Partners' stock symbol?: Construction Partners trades on the NASDAQ under the ticker symbol "ROAD."
Who are Construction Partners' major shareholders?: Construction Partners' stock is owned by a number of institutional and retail investors. Top institutional investors 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.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Construction Partners' stock price today?: One share of ROAD stock can currently be purchased for approximately $36.17.
How much money does Construction Partners make?: Construction Partners (NASDAQ:ROAD) has a market capitalization of $1.91 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.
How many employees does Construction Partners have?: The company employs 3,790 workers across the globe.
How can I contact Construction Partners?: 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.

This page (NASDAQ:ROAD) was last updated on 9/27/2023 by MarketBeat.com Staff

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