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NASDAQ:ROAD

Construction Partners - ROAD Stock Forecast, Price & News

$26.02
-0.10 (-0.38%)
(As of 09/26/2022 02:19 PM ET)
Add
Compare
Today's Range
$25.68
$26.71
50-Day Range
$21.19
$31.46
52-Week Range
$18.89
$44.99
Volume
2,759 shs
Average Volume
276,966 shs
Market Capitalization
$1.37 billion
P/E Ratio
83.94
Dividend Yield
N/A
Price Target
$31.80

Construction Partners MarketRank™ Forecast

Analyst Rating
Buy
3.20 Rating Score
Upside/​Downside
22.3% Upside
$31.80 Price Target
Short Interest
Healthy
2.68% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-7.47
Upright™ Environmental Score
News Sentiment
0.14mentions of Construction Partners in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$1.73 M Sold Last Quarter
Proj. Earnings Growth
102.44%
From $0.41 to $0.83 Per Share

Overall MarketRank

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

2.40 out of 5 stars

Construction Sector

44th out of 104 stocks

Heavy Construction, Except Building Construction - Contractors Industry

3rd out of 8 stocks

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 and gravel 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

Upcoming Road Closures in Columbus
Construction Partners Inc (ROAD)
URI or ROAD: Which Is the Better Value Stock Right Now?
What Makes Construction Partners (ROAD) a New Buy Stock
See More Headlines
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ROAD Company Calendar

Last Earnings
8/05/2022
Today
9/26/2022
Fiscal Year End
9/30/2022
Next Earnings (Estimated)
11/22/2022

Industry, Sector and Symbol

Industry
Heavy construction, except building construction - contractors
Sub-Industry
N/A
Current Symbol
NASDAQ:ROAD
Fax
N/A
Employees
2,960
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$31.80
High Stock Price Forecast
$40.00
Low Stock Price Forecast
$25.00
Forecasted Upside/Downside
+22.2%
Consensus Rating
Buy
Rating Score (0-4)
3.20
Research Coverage
5 Analysts

Profitability

Net Income
$20.18 million
Pretax Margin
1.82%

Debt

Sales & Book Value

Annual Sales
$910.74 million
Cash Flow
$1.41 per share
Book Value
$7.82 per share

Miscellaneous

Free Float
39,750,000
Market Cap
$1.37 billion
Optionable
Not Optionable
Beta
0.88

Key Executives

  • Mr. Fred Julius Smith IIIMr. Fred Julius Smith III (Age 52)
    Pres, CEO & Director
    Comp: $1.1M
  • Mr. R. Alan Palmer (Age 69)
    Exec. VP & CFO
    Comp: $756.88k
  • Mr. Michael Brett Armstrong (Age 60)
    Sr. VP
    Comp: $684.17k
  • Mr. Robert P. Flowers (Age 62)
    Sr. VP
    Comp: $820.08k
  • Mr. John L. HarperMr. John L. Harper (Age 57)
    Sr. VP
    Comp: $856.68k
  • Mr. Ned Nelson Fleming III (Age 62)
    Exec. Chairman
  • Mr. Todd K. AndrewsMr. Todd K. Andrews (Age 59)
    Chief Accounting Officer
  • Mr. Judson Ryan Brooks (Age 33)
    Sr. VP of Legal
  • Mr. John A. Walker (Age 65)
    Sr. VP
  • Will Pedersen
    Pres of Riverworks, Inc.













ROAD Stock - Frequently Asked Questions

Should I buy or sell Construction Partners stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Construction Partners in the last twelve months. There are currently 4 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 2022?

5 Wall Street research analysts have issued 1-year target prices for Construction Partners' stock. Their ROAD share price forecasts range from $25.00 to $40.00. On average, they expect the company's share price to reach $31.80 in the next twelve months. This suggests a possible upside of 21.7% 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 2022?

Construction Partners' stock was trading at $29.41 at the start of the year. Since then, ROAD stock has decreased by 11.2% and is now trading at $26.12.
View the best growth stocks for 2022 here
.

When is Construction Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 22nd 2022.
View our ROAD earnings forecast
.

How were Construction Partners' earnings last quarter?

Construction Partners, Inc. (NASDAQ:ROAD) released its earnings results on Friday, August, 5th. The company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.12. The company earned $380.30 million during the quarter, compared to analysts' expectations of $316.77 million. Construction Partners had a trailing twelve-month return on equity of 3.87% and a net margin of 1.36%. The company's revenue was up 45.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.18 earnings per share.

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

Construction Partners issued an update on its FY 2022 earnings guidance on Friday, September, 2nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.25 billion-$1.28 billion, compared to the consensus revenue estimate of $1.18 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 retail and institutional investors. Top institutional shareholders include Conestoga Capital Advisors LLC (10.14%), Kayne Anderson Rudnick Investment Management LLC (8.83%), Geneva Capital Management LLC (4.36%), FMR LLC (1.98%), Royce & Associates LP (1.88%) and State Street Corp (1.43%). Insiders that own company stock include Charles E Owens, Cpi Expansion Fund Gp L Suntx, 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 $26.12.

How much money does Construction Partners make?

Construction Partners (NASDAQ:ROAD) has a market capitalization of $1.37 billion and generates $910.74 million in revenue each year. The company earns $20.18 million in net income (profit) each year or $0.31 on an earnings per share basis.

How many employees does Construction Partners have?

The company employs 2,960 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 9/26/2022 by MarketBeat.com Staff

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