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NASDAQ:ROAD

Construction Partners - ROAD Stock Forecast, Price & News

$28.29
+0.69 (+2.50%)
(As of 01/31/2023 12:00 AM ET)
Add
Compare
Today's Range
$27.63
▼
$28.33
50-Day Range
$25.17
▼
$29.58
52-Week Range
$18.89
▼
$32.98
Volume
203,119 shs
Average Volume
143,041 shs
Market Capitalization
$1.49 billion
P/E Ratio
69.00
Dividend Yield
N/A
Price Target
$32.50

Construction Partners MarketRank™ Forecast

Analyst Rating
Buy
3.25 Rating Score
Upside/​Downside
14.9% Upside
$32.50 Price Target
Short Interest
Healthy
1.82% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-7.47
Upright™ Environmental Score
News Sentiment
0.07mentions of Construction Partners in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$2.42 M Sold Last Quarter
Proj. Earnings Growth
50.00%
From $0.60 to $0.90 Per Share

Overall MarketRank™

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

2.25 out of 5 stars

Construction Sector

44th out of 109 stocks

Heavy Construction, Except Building Construction - Contractors Industry

4th out of 9 stocks

See Top Rated MarketRank™ Stocks Here

ROAD stock logo

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.

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ROAD Stock News Headlines

January 31, 2023 | marketwatch.com
Road Motor Grader Market 2023 is Dynamic & Changing - Trends, Technology, and Opportunities
January 23, 2023 | msn.com
Construction begins on 4 miles of new trails in Old Fort
January 31, 2023 | Porter & Company (Ad)
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
January 18, 2023 | bizjournals.com
Project update: Barber Partners and Bain Capital's cold storage rollout is underway in Denton
January 18, 2023 | finance.yahoo.com
Is The Market Rewarding Construction Partners, Inc. (NASDAQ:ROAD) With A Negative Sentiment As A Result Of Its Mixed Fundamentals?
January 17, 2023 | msn.com
Stakeholders Engage New Jeshwang OIC Road Construction Victims' Ahead of Demolition
January 14, 2023 | msn.com
Sayreville Police Partner with Middlesex Co. CRIME STOPPERS to Find Vandals Who Damaged Ashland Construction Project.
January 13, 2023 | bizjournals.com
Done Deals: NoLibs project secures $134M in construction financing; Main Line restaurant sells
January 31, 2023 | Porter & Company (Ad)
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
January 13, 2023 | finance.yahoo.com
Construction Partners, Inc. Announces Schedule for Fiscal 2023 First Quarter Earnings Release and Conference Call
January 11, 2023 | msn.com
City ‘monitoring shortcutting’ during Stony Plain Road Bridge construction
January 10, 2023 | bizjournals.com
New apartments with 264 units planned near major Triad shopping center
January 6, 2023 | bizjournals.com
BREAKING: Orlando's Cadence Partners is developer for massive Kelly Park industrial project in Apopka
January 6, 2023 | bizjournals.com
Explainer: What is Universal’s new SunRail development district?
December 29, 2022 | msn.com
Maintenance work to cause lane closure on Coy Road in Oregon for 3 weeks
December 25, 2022 | finance.yahoo.com
Construction Partners, Inc. (NASDAQ:ROAD) Q4 2022 Earnings Call Transcript
December 22, 2022 | bizjournals.com
Morgan/Harbour Construction Chairman Warren Seil set to retire
December 19, 2022 | finance.yahoo.com
An Intrinsic Calculation For Construction Partners, Inc. (NASDAQ:ROAD) Suggests It's 47% Undervalued
December 16, 2022 | seekingalpha.com
Construction Partners: Good Bet For FY 2023
December 15, 2022 | finance.yahoo.com
Here’s Why Construction Partners (ROAD) Outperformed in Q3
December 12, 2022 | finance.yahoo.com
Do You Think Construction Partners (ROAD) Will Be Able to Retain its Growth?
December 6, 2022 | finance.yahoo.com
Construction Partners (ROAD) Buys NC-Based Ferebee Corporation
November 25, 2022 | markets.businessinsider.com
Analysts Have Conflicting Sentiments on These Industrial Goods Companies: American Woodmark (AMWD) and Construction Partners (ROAD)
November 23, 2022 | finance.yahoo.com
Construction Partners Full Year 2022 Earnings: Revenues Beat Expectations, EPS In Line
November 23, 2022 | seekingalpha.com
Construction Partners snaps up 3 hot-mix asphalt plants in TN
November 22, 2022 | finance.yahoo.com
Construction Partners, Inc. Announces Fiscal 2022 Fourth Quarter and Year-End Results
November 22, 2022 | finance.yahoo.com
Construction Partners (ROAD) Q4 Earnings and Revenues Top Estimates
See More Headlines
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ROAD Company Calendar

Last Earnings
11/22/2022
Today
1/31/2023
Next Earnings (Confirmed)
2/09/2023
Fiscal Year End
9/30/2023
Get Stock Alerts

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
$32.50
High Stock Price Forecast
$37.00
Low Stock Price Forecast
$28.00
Forecasted Upside/Downside
+14.9%
Consensus Rating
Buy
Rating Score (0-4)
3.25
Research Coverage
4 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$0.41
Trailing P/E Ratio
69.00
Forward P/E Ratio
47.15
P/E Growth
1.19
Net Income
$21.38 million
Net Margins
1.64%
Pretax Margin
2.17%
Return on Equity
4.97%
Return on Assets
2.18%

Debt

Debt-to-Equity Ratio
0.80
Current Ratio
1.84
Quick Ratio
1.52

Sales & Book Value

Annual Sales
$1.30 billion
Price / Sales
1.15
Cash Flow
$1.68 per share
Price / Cash Flow
16.80
Book Value
$8.68 per share
Price / Book
3.26

Miscellaneous

Outstanding Shares
52,690,000
Free Float
40,288,000
Market Cap
$1.49 billion
Optionable
Not Optionable
Beta
0.92

Key Executives

  • Mr. Fred Julius Smith IIIMr. Fred Julius Smith III (Age 53)
    Pres, CEO & Director
    Comp: $1.1M
  • Mr. R. Alan Palmer (Age 70)
    Exec. VP & CFO
    Comp: $756.88k
  • Mr. Michael Brett Armstrong (Age 61)
    Sr. VP
    Comp: $684.17k
  • Mr. Robert P. Flowers (Age 63)
    Sr. VP
    Comp: $820.08k
  • Mr. John L. HarperMr. John L. Harper (Age 58)
    Sr. VP
    Comp: $856.68k
  • Mr. Ned Nelson Fleming III (Age 63)
    Exec. Chairman
  • Mr. Todd K. AndrewsMr. 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
  • Will Pedersen
    Pres of Riverworks, Inc.

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 3 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 brokers have issued 1 year price targets for Construction Partners' stock. Their ROAD share price forecasts range from $28.00 to $37.00. On average, they predict the company's share price to reach $32.50 in the next year. This suggests a possible upside of 17.8% 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 beginning of the year. Since then, ROAD stock has increased by 3.4% and is now trading at $27.60.
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 Thursday, February 9th 2023.
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, February 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 "13735453".

How were Construction Partners' earnings last quarter?

Construction Partners, Inc. (NASDAQ:ROAD) released its quarterly earnings data on Tuesday, November, 22nd. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The firm earned $393.05 million during the quarter, compared to the consensus estimate of $363.09 million. Construction Partners had a trailing twelve-month return on equity of 4.97% and a net margin of 1.64%.

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

Construction Partners issued an update on its FY 2023 earnings guidance on Thursday, December, 22nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.40 billion-$1.55 billion, compared to the consensus revenue estimate of $1.46 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 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 acted 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 many different institutional and retail investors. Top institutional shareholders include Natixis Advisors L.P. (1.21%), Comerica Bank (0.78%), Rice Hall James & Associates LLC (0.42%), Allspring Global Investments Holdings LLC (0.39%), Oak Ridge Investments LLC (0.22%) and R.P. Boggs & Co. (0.13%). Insiders that own company stock include Charles E Owens, John L Harper, Noreen E Skelly, Robert P Flowers, Royce Alan Palmer, 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 $27.60.

How much money does Construction Partners make?

Construction Partners (NASDAQ:ROAD) has a market capitalization of $1.45 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 1/31/2023 by MarketBeat.com Staff