NASDAQ:ROADConstruction Partners Stock Price, Forecast & News

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 stock has increased by 30.9% and is now trading at $18.62. View which stocks have been most impacted by Coronavirus.

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.

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

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

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

5 brokerages have issued 1-year target prices for Construction Partners' stock. Their forecasts range from $16.00 to $20.00. On average, they expect Construction Partners' share price to reach $17.80 in the next twelve months. This suggests that the stock has a possible downside of 4.4%. View analysts' price targets for Construction Partners.

News stories about ROAD stock have trended somewhat negative on Thursday, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Construction Partners earned a news impact 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 media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news aboutConstruction Partners.

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

Some companies that are related to Construction Partners include KBR (KBR), Fluor Co. (NEW) (FLR), Granite Construction (GVA), Great Lakes Dredge & Dock (GLDD), Grana y Montero SAA (GRAM), Sterling Construction (STRL), Orion Group (ORN), Williams Industrial Services Group (WLMS) and Empresas ICA SAB de CV (ICAYY). View all competitors.

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).

(ROAD) raised $181 million in an initial public offering (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.

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

Construction Partners' stock is owned by many different institutional and retail 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.

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.

ROAD stock was bought 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.

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 $18.62.

Construction Partners has a market capitalization of $964.14 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.

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]