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NASDAQ:ROAD - Construction Partners Stock Price, Forecast & News

$15.07
-1.47 (-8.89 %)
(As of 03/30/2020 07:13 AM ET)
Today's Range
$15.02
Now: $15.07
$16.37
50-Day Range
$12.14
MA: $16.41
$17.72
52-Week Range
$11.20
Now: $15.07
$20.79
Volume258,513 shs
Average Volume357,443 shs
Market Capitalization$780.32 million
P/E Ratio17.94
Dividend YieldN/A
Beta1.49
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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Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$783.24 million
Cash Flow$1.44 per share
Book Value$6.63 per share

Profitability

Net Income$43.12 million

Miscellaneous

Employees572
Market Cap$780.32 million
Next Earnings Date5/14/2020 (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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ROAD shares have increased by 6.0% and is now trading at $15.07. View which stocks have been mosted 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 4 buy ratings and 1 strong buy rating 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, May 14th 2020. View our earnings forecast for Construction Partners.

How were Construction Partners' earnings last quarter?

Construction Partners Inc (NASDAQ:ROAD) released its quarterly earnings results on Friday, February, 7th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting the Zacks' consensus estimate of $0.11. The company had revenue of $175.30 million for the quarter, compared to analyst estimates of $172.30 million. Construction Partners had a return on equity of 13.08% and a net margin of 5.40%. The firm's revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 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, February, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $830-870 million, compared to the consensus revenue estimate of $848.47 million.

What price target have analysts set for ROAD?

5 Wall Street analysts have issued 1-year target prices for Construction Partners' shares. Their forecasts range from $18.00 to $20.00. On average, they anticipate Construction Partners' share price to reach $19.50 in the next year. This suggests a possible upside of 29.4% from the stock's current price. View analysts' price targets for Construction Partners.

Has Construction Partners been receiving favorable news coverage?

Media headlines about ROAD stock have trended somewhat negative recently, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Construction Partners earned a coverage optimism score of -1.0 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutConstruction Partners.

Are investors shorting Construction Partners?

Construction Partners saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 1,670,000 shares, an increase of 21.0% from the February 13th total of 1,380,000 shares. Based on an average daily volume of 280,900 shares, the days-to-cover ratio is currently 5.9 days. Approximately 14.0% of the company's 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), Altria Group (MO), Intel (INTC), Walmart (WMT), General Electric (GE), Cisco Systems (CSCO), AbbVie (ABBV), Johnson & Johnson (JNJ), Pfizer (PFE) and Raytheon (RTN).

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 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 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 retail and institutional investors. Top institutional investors include SunTx Capital Management Corp. (26.02%), Conestoga Capital Advisors LLC (4.13%), Massachusetts Financial Services Co. MA (2.54%), FMR LLC (1.91%), Royce & Associates LP (1.82%) and Janus Henderson Group PLC (1.77%). Company insiders that own Construction Partners stock include Cpi Expansion Fund Gp L Suntx, John L Harper, Ned N Fleming III, Royce Alan Palmer and Todd Keith Andrews. View institutional ownership trends for Construction Partners.

Which major 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, Renaissance Technologies LLC, Summit Creek Advisors LLC, Cadence Capital Management LLC, Goldman Sachs Group Inc., Natixis Advisors L.P., Bank of America Corp DE, and Anchor Capital Advisors LLC. Company insiders that have sold Construction Partners company stock in the last year include Cpi Expansion Fund Gp L Suntx, and Todd Keith Andrews. View insider buying and selling activity for Construction Partners.

Which major investors are buying Construction Partners stock?

ROAD stock was acquired by a variety of institutional investors in the last quarter, including SunTx Capital Management Corp., FMR LLC, Janus Henderson Group PLC, Madison Asset Management LLC, THB Asset Management, KAMES CAPITAL plc, Rice Hall James & Associates LLC, and Royce & Associates LP. Company insiders that have bought Construction Partners stock in the last two years include John L Harper, Ned N Fleming III, 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 $15.07.

How big of a company is Construction Partners?

Construction Partners has a market capitalization of $780.32 million 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. View additional information about Construction Partners.

What is Construction Partners' official website?

The official website for Construction Partners is http://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]


MarketBeat Community Rating for Construction Partners (NASDAQ ROAD)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  132 (Vote Outperform)
Underperform Votes:  159 (Vote Underperform)
Total Votes:  291
MarketBeat's community ratings are surveys of what our community members think about Construction Partners and other stocks. Vote "Outperform" if you believe ROAD will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ROAD will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/30/2020 by MarketBeat.com Staff

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