Construction Partners Stock Forecast, Price & News

Construction Partners' stock was trading at $14.22 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, ROAD stock has increased by 45.1% and is now trading at $20.63.
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7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Construction Partners in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Construction Partners is scheduled to release its next quarterly earnings announcement on Monday, December 14th 2020.
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Construction Partners Inc (NASDAQ:ROAD) issued its earnings results on Friday, August, 7th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.05. The company earned $217 million during the quarter, compared to the consensus estimate of $233.95 million. Construction Partners had a return on equity of 11.14% and a net margin of 4.92%. The company's quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 earnings per share.
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Construction Partners updated its FY 2020 Pre-Market earnings guidance on Friday, August, 7th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $810-820 million, compared to the consensus revenue estimate of $823.79 million.

7 analysts have issued 12-month price targets for Construction Partners' stock. Their forecasts range from $16.00 to $21.50. On average, they anticipate Construction Partners' stock price to reach $19.50 in the next twelve months. This suggests that the stock has a possible downside of 5.5%.
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Construction Partners saw a decrease in short interest during the month of September. As of September 30th, there was short interest totaling 1,200,000 shares, a decrease of 19.5% from the September 15th total of 1,490,000 shares. Based on an average daily trading volume, of 277,800 shares, the days-to-cover ratio is presently 4.3 days. Approximately 4.2% of the shares of the stock are sold short.
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Some companies that are related to Construction Partners include KBR (KBR), Fluor (FLR), Granite Construction (GVA), Great Lakes Dredge & Dock (GLDD), Sterling Construction (STRL), Grana y Montero SAA (GRAM), Orion Group (ORN), Williams Industrial Services Group (WLMS) and Empresas ICA SAB de CV (ICAYY).
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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).

(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.

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

Construction Partners' stock is owned by a variety of institutional and retail investors. Top institutional investors include Summit Creek Advisors LLC (1.52%), Envestnet Asset Management Inc. (0.11%), Denali Advisors LLC (0.06%) and Mesirow Financial Investment Management Inc. (0.03%). Company insiders that own Construction Partners stock include Charles E Owens, Cpi Expansion Fund Gp L Suntx, John L Harper, Ned N Fleming III, Robert P Flowers, Royce Alan Palmer, Suntx Capital Management Corp and Todd Keith Andrews.
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ROAD stock was sold by a variety of institutional investors in the last quarter, including Denali Advisors LLC, and Mesirow Financial Investment Management Inc.. Company insiders that have sold Construction Partners company stock in the last year include Charles E Owens, Cpi Expansion Fund Gp L Suntx, John L Harper, Royce Alan Palmer, Suntx Capital Management Corp, and Todd Keith Andrews.
View insider buying and selling activity for Construction Partners.

ROAD stock was bought by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., and Summit Creek Advisors LLC. Company insiders that have bought Construction Partners stock in the last two years include John L Harper, Ned N Fleming III, Robert P Flowers, and Royce Alan Palmer.
View insider buying and selling activity for Construction Partners.

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

One share of ROAD stock can currently be purchased for approximately $20.63.

Construction Partners has a market capitalization of $1.07 billion and generates $783.24 million in revenue each year. The company earns $43.12 million in net income (profit) each year or $0.84 on an earnings per share basis. Construction Partners employs 572 workers across the globe.

The official website for Construction Partners is www.constructionpartners.net.

Construction Partners' mailing address is 290 HEALTHWEST DR. SUITE 2, DOTHAN AL, 36303. The company can be reached via phone at 334-673-9763 or via email at [email protected]