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NASDAQ:ROAD

Construction Partners - ROAD Stock Forecast, Price & News

$26.70
-0.57 (-2.09%)
(As of 12/8/2022 12:00 AM ET)
Add
Compare
Today's Range
$26.43
▼
$27.69
50-Day Range
$26.23
▼
$32.52
52-Week Range
$18.89
▼
$33.98
Volume
253,356 shs
Average Volume
178,949 shs
Market Capitalization
$1.41 billion
P/E Ratio
65.12
Dividend Yield
N/A
Price Target
$32.75

Construction Partners MarketRank™ Forecast

Analyst Rating
Buy
3.25 Rating Score
Upside/​Downside
22.7% Upside
$32.75 Price Target
Short Interest
Healthy
1.95% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-7.47
Upright™ Environmental Score
News Sentiment
0.48mentions of Construction Partners in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$2.41 M Sold Last Quarter
Proj. Earnings Growth
49.21%
From $0.63 to $0.94 Per Share

Overall MarketRank™

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

2.48 out of 5 stars

Construction Sector

30th out of 105 stocks

Heavy Construction, Except Building Construction - Contractors Industry

2nd 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

December 9, 2022 | americanbankingnews.com
Construction Partners, Inc. (NASDAQ:ROAD) SVP John L. Harper Sells 31,500 Shares
December 6, 2022 | finance.yahoo.com
Construction Partners (ROAD) Buys NC-Based Ferebee Corporation
November 30, 2022 | americanbankingnews.com
FY2023 Earnings Estimate for Construction Partners, Inc. (NASDAQ:ROAD) Issued By DA Davidson
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
November 22, 2022 | finance.yahoo.com
Fred Smith Co. turns quick $24M deal for Chatham quarry
November 21, 2022 | finance.yahoo.com
What to Note Ahead of Construction Partners (ROAD) Q4 Earnings
November 21, 2022 | finance.yahoo.com
Construction Partners, Inc. Enters Nashville, TN Metro Area
November 19, 2022 | finance.yahoo.com
Returns On Capital Signal Tricky Times Ahead For Construction Partners (NASDAQ:ROAD)
November 18, 2022 | finance.yahoo.com
Forager Real Estate Partners and Sherway Group to Develop Class ‘A’ Industrial Logistics Facility in Guelph, Ontario
November 10, 2022 | benzinga.com
Construction Underway on Métis Nation of Alberta Solar Farm Project at Métis Crossing
November 9, 2022 | seatrade-maritime.com
Construction to begin on Attero, Nordsol and Titan’s bio-LNG plant
November 2, 2022 | msn.com
Knoxville looks to add more affordable housing through new projects
November 1, 2022 | finance.yahoo.com
Construction Partners, Inc. Announces Schedule for Fiscal 2022 Fourth Quarter and Full Year Earnings Release and Conference Call
October 31, 2022 | finance.yahoo.com
PWR Stock Eyes Buy Point After Winning Key Support
October 25, 2022 | finance.yahoo.com
Construction Partners, Inc. to Participate in the Baird 2022 Global Industrial Conference
October 25, 2022 | bizjournals.com
Dallas developer Lang Partners to bring 297 multifamily units to Richardson
October 20, 2022 | finance.yahoo.com
What Is Construction Partners, Inc.'s (NASDAQ:ROAD) Share Price Doing?
October 17, 2022 | nasdaq.com
Investing in Construction Partners (NASDAQ:ROAD) three years ago would have delivered you a 60% gain
October 5, 2022 | bizjournals.com
Construction underway for 1.2M-SF spec warehouse in TGS Cedar Port Industrial Park
September 29, 2022 | bizjournals.com
Construction management company finds new Valley HQ; plus 4 other real estate deals to know
September 27, 2022 | marketwatch.com
Road Construction Equipment Market 2022: Growth Insights, New Developments, Shares, Trends, Emerging Technologies | 102 Report Pages
See More Headlines
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ROAD Company Calendar

Last Earnings
11/22/2022
Today
12/09/2022
Next Earnings (Estimated)
2/02/2023
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
$32.75
High Stock Price Forecast
$37.00
Low Stock Price Forecast
$28.00
Forecasted Upside/Downside
+22.7%
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
65.12
Forward P/E Ratio
42.38
P/E Growth
1.1
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
1.08
Cash Flow
$1.63 per share
Price / Cash Flow
16.41
Book Value
$8.68 per share
Price / Book
3.08

Miscellaneous

Outstanding Shares
52,690,000
Free Float
39,861,000
Market Cap
$1.41 billion
Optionable
Not Optionable
Beta
0.91

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.

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 research analysts have issued "buy," "hold," and "sell" ratings for Construction Partners in the last year. There are currently 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research 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 equities research analysts have issued 12-month price objectives for Construction Partners' stock. Their ROAD share price forecasts range from $28.00 to $37.00. On average, they expect the company's stock price to reach $32.75 in the next twelve months. This suggests a possible upside of 22.7% 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 beginning of 2022. Since then, ROAD stock has decreased by 9.2% and is now trading at $26.70.
View the best growth stocks for 2022 here.

Are investors shorting Construction Partners?

Construction Partners saw a decline in short interest in November. As of November 15th, there was short interest totaling 1,030,000 shares, a decline of 23.7% from the October 31st total of 1,350,000 shares. Based on an average trading volume of 166,600 shares, the short-interest ratio is currently 6.2 days.
View Construction Partners' Short Interest.

When is Construction Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
View our ROAD earnings forecast.

How were Construction Partners' earnings last quarter?

Construction Partners, Inc. (NASDAQ:ROAD) released its earnings results on Tuesday, November, 22nd. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. The business earned $393.05 million during the quarter, compared to analyst estimates 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 updated its FY 2023 earnings guidance on Tuesday, November, 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 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 many different institutional and retail investors. Top institutional shareholders include Conestoga Capital Advisors LLC (9.97%), Kayne Anderson Rudnick Investment Management LLC (8.61%), BlackRock Inc. (5.44%), Geneva Capital Management LLC (4.60%), Vanguard Group Inc. (3.88%) and Royce & Associates LP (1.84%). 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 $26.70.

How much money does Construction Partners make?

Construction Partners (NASDAQ:ROAD) has a market capitalization of $1.41 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 12/9/2022 by MarketBeat.com Staff