NASDAQ:ROAD

Construction Partners (ROAD) Stock Forecast, Price & News

$30.06

+1.72 (+6.07%)

(As of 06/2/2023 ET)

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Today's Range: $28.82
▼
$30.09
50-Day Range: $24.36
▼
$30.06
52-Week Range: $18.89
▼
$32.98

Volume: 186,282 shs
Average Volume: 135,385 shs
Market Capitalization: $1.59 billion

P/E Ratio: 73.32
Dividend Yield: N/A
Price Target: $32.25

Construction Partners MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 7.3% Upside
$32.25 Price Target
Short Interest: Healthy
1.90% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -7.47
Upright™ Environmental Score
News Sentiment: 0.64
Based on 6 Articles This Week
Insider Trading: Selling Shares
$368,389 Sold Last Quarter
Proj. Earnings Growth: 35.71%
From $0.70 to $0.95 Per Share

Overall MarketRank^™

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

2.00 out of 5 stars

Construction Sector

65th out of 105 stocks

Heavy Construction, Except Building Construction - Contractors Industry

7th out of 10 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 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $32.25, Construction Partners has a forecasted upside of 7.3% from its current price of $30.06.
Amount of Analyst Coverage
Construction Partners has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.90% 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 6.4.
Change versus previous month
Short interest in Construction Partners has recently decreased by 0.99%, indicating that investor sentiment is improving.

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.

2.6

News and Social Media Coverage

News Sentiment
Construction Partners has a news sentiment score of 0.64. 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 news sentiment score is similar to the average news sentiment of Construction companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Construction Partners this week, compared to 4 articles on an average week.
Search Interest
2 people have searched for ROAD on MarketBeat in the last 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 $368,389.00 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
75.88% of the stock of Construction Partners is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Construction Partners are expected to grow by 35.71% in the coming year, from $0.70 to $0.95 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Construction Partners is 73.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.14.
Price to Earnings Ratio vs. Sector
The P/E ratio of Construction Partners is 73.32, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 13.47.
Price to Earnings Growth Ratio
Construction Partners has a PEG Ratio of 1.11. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Construction Partners has a P/B Ratio of 3.50. 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. is a civil infrastructure company, which engages in construction and maintenance of roadways and highways. The firm is also involved in the provision of products and services to both public and private infrastructure projects, with an emphasis on highways, roads, bridges, airports, and commercial and residential developments. The company was founded by Ned N. Fleming, III, R. Alan Palmer, and Charles E. Owens in 1999 and is headquartered in Dothan, AL.

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ROAD Stock News Headlines

June 3, 2023 | finance.yahoo.com

Construction Partners, Inc. (NASDAQ:ROAD) Shares Could Be 49% Below Their Intrinsic Value Estimate

June 1, 2023 | msn.com

Construction of immersive entertainment venue Cosm to kick off at Grandscape

June 4, 2023 | Stocks To Trade (Ad)

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May 28, 2023 | americanbankingnews.com

Brokerages Set Construction Partners, Inc. (NASDAQ:ROAD) Target Price at $33.67

May 26, 2023 | bizjournals.com

Suffolk Construction embraces tech to remain on schedule and on budget

May 19, 2023 | bizjournals.com

Massive fire breaks out at construction site of Charlotte apartments being developed by Florida, Greensboro companies

May 19, 2023 | bizjournals.com

NC analysis of I-77 Mobility Partners' proposed $2B toll-lane plan to be finished by end of summer

May 12, 2023 | americanbankingnews.com

Insider Selling: Construction Partners, Inc. (NASDAQ:ROAD) Director Sells 13,000 Shares of Stock

June 4, 2023 | Stocks To Trade (Ad)

15 A.I. Trading Opportunities a Day

Using our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.

May 12, 2023 | americanbankingnews.com

DA Davidson Weighs in on Construction Partners, Inc.'s Q3 2023 Earnings (NASDAQ:ROAD)

May 8, 2023 | markets.businessinsider.com

Analysts Are Bullish on These Industrial Goods Stocks: Construction Partners (ROAD), American Axle (AXL)

May 6, 2023 | finance.yahoo.com

Q2 2023 Construction Partners Inc Earnings Call

May 5, 2023 | msn.com

Construction Partners: Q2 Earnings Insights

May 5, 2023 | finance.yahoo.com

Construction Partners, Inc. Announces Fiscal 2023 Second Quarter Results

May 5, 2023 | americanbankingnews.com

Construction Partners, Inc. (NASDAQ:ROAD) Given Average Recommendation of "Buy" by Brokerages

May 4, 2023 | msn.com

Earnings Preview For Construction Partners

May 3, 2023 | bizjournals.com

Real estate roundup: News from Graham & Co., Hoar Construction, Capstone Building Corp. and Marcus & Millichap

May 3, 2023 | americanbankingnews.com

Construction Partners (ROAD) to Release Quarterly Earnings on Friday

May 1, 2023 | finance.yahoo.com

Construction Partners, Inc. Completes Alabama Acquisition

April 29, 2023 | yahoo.com

Construction to begin on new medical plaza in metro Phoenix

April 28, 2023 | finance.yahoo.com

Construction Partners (NASDAQ:ROAD) Might Be Having Difficulty Using Its Capital Effectively

April 28, 2023 | americanbankingnews.com

Contrasting Construction Partners (NASDAQ:ROAD) and Southland (NASDAQ:SLND)

April 27, 2023 | msn.com

Baltimore Peninsula begins transformation from construction site to community

April 25, 2023 | msn.com

China’s moon ambitions take shape with construction road map for research station

April 24, 2023 | msn.com

Liberia: German-Based Construction Company Introduces New Road Technology

April 22, 2023 | benzinga.com

Construction Partners Stock (NASDAQ:ROAD), Dividends

April 19, 2023 | bizjournals.com

Developers start construction on West Valley site originally envisioned for industrial center 20 years ago

See More Headlines

ROAD Price History

30 days | 90 days | 365 days | Advanced Chart

ROAD Company Calendar

Last Earnings: 5/05/2023
Today: 6/03/2023
Next Earnings (Estimated): 8/04/2023
Fiscal Year End: 9/30/2023

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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: $32.25
High Stock Price Forecast: $36.00
Low Stock Price Forecast: $28.00
Forecasted Upside/Downside: +7.3%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.41
Trailing P/E Ratio: 73.32
Forward P/E Ratio: 42.94
P/E Growth: 1.11
Net Income: $21.38 million
Net Margins: 1.51%
Pretax Margin: 2.00%
Return on Equity: 4.83%
Return on Assets: 1.98%

Debt

Debt-to-Equity Ratio: 0.90
Current Ratio: 1.80
Quick Ratio: 1.42

Sales & Book Value

Annual Sales: $1.30 billion
Price / Sales: 1.22
Cash Flow: $1.76 per share
Price / Cash Flow: 17.05
Book Value: $8.58 per share
Price / Book: 3.50

Miscellaneous

Outstanding Shares: 52,750,000
Free Float: 40,332,000
Market Cap: $1.59 billion
Optionable: Not Optionable
Beta: 0.91

Key Executives

Fred Julius Smith
President, Chief Executive Officer & Director

Gregory Hoffman
Chief Financial Officer

Michael Brett Armstrong
Senior Vice President

Robert P. Flowers
Senior Vice President

John L. Harper
Senior Vice President

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?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Construction Partners in the last twelve months. There are currently 1 hold rating, 2 buy ratings 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?: 4 brokerages have issued 12-month price targets for Construction Partners' shares. Their ROAD share price forecasts range from $28.00 to $36.00. On average, they anticipate the company's share price to reach $32.25 in the next twelve months. This suggests a possible upside of 7.3% from the stock's current price.
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 start of the year. Since then, ROAD stock has increased by 12.6% and is now trading at $30.06.
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 Friday, August 4th 2023.
View our ROAD earnings forecast.
How were Construction Partners' earnings last quarter?: Construction Partners, Inc. (NASDAQ:ROAD) issued its quarterly earnings results on Friday, May, 5th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.07. The company earned $324.90 million during the quarter, compared to the consensus estimate of $282.10 million. Construction Partners had a net margin of 1.51% and a trailing twelve-month return on equity of 4.83%. Construction Partners's revenue was up 33.5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.18) EPS.
What ETFs hold Construction Partners' stock?: ETFs with the largest weight of Construction Partners (NASDAQ:ROAD) stock in their portfolio include First Trust RBA American Industrial Renaissance ETF (AIRR), iShares U.S. Infrastructure ETF (IFRA) and Invesco Raymond James SB-1 Equity ETF (RYJ).Global X U.S. Infrastructure Development ETF (PAVE),
What guidance has Construction Partners issued on next quarter's earnings?: Construction Partners updated its FY 2023 earnings guidance on Sunday, May, 7th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.53 billion-$1.58 billion, compared to the consensus revenue estimate of $1.53 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), Raytheon Technologies (RTX), Verizon Communications (VZ), Altria Group (MO), NVIDIA (NVDA) and Pfizer (PFE).

When did Construction Partners IPO?: (ROAD) raised $181 million in an initial public offering (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 variety of institutional and retail investors. Top institutional shareholders include Conestoga Capital Advisors LLC (9.95%), Kayne Anderson Rudnick Investment Management LLC (8.09%), BlackRock Inc. (5.57%), Wasatch Advisors LP (3.49%), American Century Companies Inc. (2.06%) and Bank of America Corp DE (1.66%). Insiders that own company stock include Charles E Owens, 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 $30.06.
How much money does Construction Partners make?: Construction Partners (NASDAQ:ROAD) has a market capitalization of $1.59 billion and generates $1.30 billion in revenue each year. The company earns $21.38 million in net income (profit) each year or $0.41 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 6/4/2023 by MarketBeat.com Staff

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