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NASDAQ:ROADConstruction Partners Stock Price, Forecast & News

$20.00
+1.39 (+7.47 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$18.92
Now: $20.00
$20.21
50-Day Range
$13.53
MA: $16.55
$19.60
52-Week Range
$11.96
Now: $20.00
$20.79
Volume229,981 shs
Average Volume217,637 shs
Market Capitalization$1.04 billion
P/E Ratio25.32
Dividend YieldN/A
Beta0.97
Construction Partners, Inc., an infrastructure and road construction company, provides construction products and services to public and private sectors. It offers construction of highways, roads, bridges, airports, and commercial and residential sites. The company provides a range of sitework construction services, including site development, paving, and utility and drainage systems construction, as well as supplies hot mix asphalt required for the projects. It serves customers primarily in Alabama, Florida, Georgia, North Carolina, and South Carolina. 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 founded in 2001 and is headquartered in Dothan, Alabama.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.4Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 2.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.37 out of 5 stars


Industry, Sector and Symbol

Industry Heavy construction, except building construction - contractors
Sub-IndustryN/A
Current SymbolNASDAQ:ROAD
CUSIPN/A
Phone334-673-9763

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$783.24 million
Cash Flow$1.55 per share
Book Value$6.63 per share

Profitability

Net Income$43.12 million

Miscellaneous

Employees572
Market Cap$1.04 billion
Next Earnings Date8/13/2020 (Estimated)
OptionableNot Optionable

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Construction Partners (NASDAQ:ROAD) Frequently Asked Questions

How has Construction Partners' stock been impacted by COVID-19 (Coronavirus)?

Construction Partners' stock was trading at $14.22 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ROAD stock has increased by 40.6% and is now trading at $20.00. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Construction Partners?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Construction Partners in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Construction Partners.

When is Construction Partners' next earnings date?

Construction Partners is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Construction Partners.

How were Construction Partners' earnings last quarter?

Construction Partners Inc (NASDAQ:ROAD) issued its earnings results on Friday, May, 8th. The company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.06 by $0.03. The business earned $168.68 million during the quarter, compared to analysts' expectations of $166.41 million. Construction Partners had a return on equity of 11.90% and a net margin of 5.04%. The business's quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.08 EPS. View Construction Partners' earnings history.

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

Construction Partners issued an update on its FY 2020 Pre-Market earnings guidance on Friday, May, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $820-830 million, compared to the consensus revenue estimate of $838.47 million.

What price target have analysts set for ROAD?

5 Wall Street analysts have issued 12-month target prices for Construction Partners' shares. Their forecasts range from $16.00 to $20.00. On average, they anticipate Construction Partners' share price to reach $17.80 in the next twelve months. This suggests that the stock has a possible downside of 11.0%. View analysts' price targets for Construction Partners.

Has Construction Partners been receiving favorable news coverage?

News coverage about ROAD stock has trended positive on Saturday, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Construction Partners earned a coverage optimism score of 2.4 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutConstruction Partners.

Are investors shorting Construction Partners?

Construction Partners saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 1,670,000 shares, a decline of 23.4% from the April 30th total of 2,180,000 shares. Based on an average daily volume of 285,900 shares, the days-to-cover ratio is currently 5.8 days. Approximately 9.0% of the shares of the stock are short sold. View Construction Partners' Current Options Chain.

Who are some of Construction Partners' key competitors?

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), Walmart (WMT), AbbVie (ABBV), Altria Group (MO), CVS Health (CVS), Ford Motor (F), General Electric (GE), Raytheon Technologies (RTX) and AT&T (T).

Who are Construction Partners' key executives?

Construction Partners' management team includes the following people:
  • Mr. Ned Nelson Fleming III, Exec. Chairman (Age 59)
  • Mr. Charles E. Owens, Pres, CEO & Director (Age 68)
  • Mr. R. Alan Palmer, Exec. VP & CFO (Age 67)
  • Mr. F. Julius Smith III, Sr. VP (Age 49)
  • Mr. Todd K. Andrews, Chief Accounting Officer (Age 56)

When did Construction Partners IPO?

(ROAD) raised $181 million in an initial public offering 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 retail and institutional investors. Top institutional shareholders include Conestoga Capital Advisors LLC (7.01%), BlackRock Inc. (3.02%), Wasatch Advisors Inc. (2.73%), Massachusetts Financial Services Co. MA (2.57%), Bank of New York Mellon Corp (2.53%) and Janus Henderson Group PLC (1.98%). Company insiders that own Construction Partners stock include Cpi Expansion Fund Gp L Suntx, John L Harper, Ned N Fleming III, Robert P Flowers, Royce Alan Palmer and Todd Keith Andrews. View institutional ownership trends for Construction Partners.

Which institutional investors are selling Construction Partners stock?

ROAD stock was sold by a variety of institutional investors in the last quarter, including ArrowMark Colorado Holdings LLC, Invesco Ltd., Penn Capital Management Co. Inc., Morgan Stanley, Bank of New York Mellon Corp, Jennison Associates LLC, Advisory Research Inc., and Jupiter Asset Management Ltd.. Company insiders that have sold Construction Partners company stock in the last year include Cpi Expansion Fund Gp L Suntx, Royce Alan Palmer, and Todd Keith Andrews. View insider buying and selling activity for Construction Partners.

Which institutional investors are buying Construction Partners stock?

ROAD stock was purchased by a variety of institutional investors in the last quarter, including Conestoga Capital Advisors LLC, Wasatch Advisors Inc., Advantage Alpha Capital Partners LP, Asset Management One Co. Ltd., Janus Henderson Group PLC, BlackRock Inc., Comerica Bank, and State Street Corp. 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.

How do I buy shares of 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.

What is Construction Partners' stock price today?

One share of ROAD stock can currently be purchased for approximately $20.00.

How big of a company is Construction Partners?

Construction Partners has a market capitalization of $1.04 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.

What is Construction Partners' official website?

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

How can I contact Construction Partners?

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]

This page was last updated on 6/6/2020 by MarketBeat.com Staff

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