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 2 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ROAD shares. View ROAD analyst ratings or view top-rated stocks .

What is Construction Partners' stock price target for 2024?

4 brokers have issued 12-month price objectives for Construction Partners' stock. Their ROAD share price targets range from $45.00 to $59.00. On average, they predict the company's stock price to reach $52.00 in the next twelve months. This suggests a possible upside of 3.9% 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 2024?

Construction Partners' stock was trading at $43.52 on January 1st, 2024. Since then, ROAD shares have increased by 15.0% and is now trading at $50.03. View the best growth stocks for 2024 here .

Are investors shorting Construction Partners?

Construction Partners saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 2,200,000 shares, an increase of 50.7% from the March 15th total of 1,460,000 shares. Based on an average trading volume of 355,500 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 Friday, May 10th 2024. View our ROAD earnings forecast .

How can I listen to Construction Partners' earnings call?

Construction Partners will be holding an earnings conference call on Friday, May 10th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13745318#".

How were Construction Partners' earnings last quarter?

Construction Partners, Inc. (NASDAQ:ROAD) issued its quarterly earnings data on Friday, February, 9th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.13 by $0.06. The firm had revenue of $396.51 million for the quarter, compared to the consensus estimate of $393.62 million. Construction Partners had a net margin of 3.52% and a trailing twelve-month return on equity of 11.56%. The company's quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.04 earnings per share.

What ETFs hold Construction Partners' stock?

ETFs with the largest weight of Construction Partners (NASDAQ:ROAD) stock in their portfolio include Invesco Building & Construction ETF (PKB) . First Trust RBA American Industrial Renaissance ETF (AIRR) .

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

Construction Partners issued an update on its FY 2024 earnings guidance on Friday, February, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.8 billion-$1.8 billion, compared to the consensus revenue estimate of $1.8 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) , RTX (RTX) , Verizon Communications (VZ) , Altria Group (MO) , NVIDIA (NVDA) and Pfizer (PFE) .

When did Construction Partners IPO?

Construction Partners (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 acted as the underwriters for the IPO and Imperial Capital and D.A. Davidson were co-managers.

Who are Construction Partners' major shareholders?

Construction Partners' stock is owned by many different retail and institutional investors. Top institutional shareholders include Wasatch Advisors LP (3.21%), Allspring Global Investments Holdings LLC (0.28%), Cannon Global Investment Management LLC (0.02%) and Mesirow Financial Investment Management Inc. (0.01%). Insiders that own company stock include Craig Jennings, John L Harper , Noreen E Skelly, Stefan L Shaffer , Suntx Capital Ii Management Co, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:ROAD

Construction Partners (ROAD) Stock Price, News & Analysis

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$50.03

-1.28 (-2.49%)

(As of 04/19/2024 ET)

Compare

Today's Range: $49.16
▼
$51.19
50-Day Range: $45.37
▼
$57.88
52-Week Range: $24.20
▼
$58.65

Volume: 614,616 shs
Average Volume: 358,021 shs
Market Capitalization: $2.64 billion

P/E Ratio: 46.32
Dividend Yield: N/A
Price Target: $52.00

Get Construction Partners alerts:

Construction Partners MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 3.9% Upside
$52.00 Price Target
Short Interest: Bearish
4.17% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -7.47
Upright™ Environmental Score
News Sentiment: 0.34
Based on 9 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 26.12%
From $1.34 to $1.69 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.78 out of 5 stars

Construction Sector

62nd out of 100 stocks

Heavy Construction, Except Building Construction - Contractors Industry

4th out of 9 stocks

1.4

Analyst's Opinion

Consensus Rating
Construction Partners has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Construction Partners has only been the subject of 3 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
4.17% of the outstanding shares of Construction Partners have been sold short.
Short Interest Ratio / Days to Cover
Construction Partners has a short interest ratio ("days to cover") of 6.2.
Change versus previous month
Short interest in Construction Partners has recently increased by 50.68%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Construction Partners does not currently pay a dividend.
Dividend Growth
Construction Partners does not have a long track record of dividend growth.

0.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Construction Partners has received a -62.30% net impact score from Upright. The largest negative impact of Construction Partners in category "GHG emissions" seems to be driven mostly by its "Construction of urban roads", "Construction of motorways", and "Construction of pedestrian walkways" products. See details.
Environmental Sustainability
The Environmental Impact score for Construction Partners is -7.47.

3.0

News and Social Media Coverage

News Sentiment
Construction Partners has a news sentiment score of 0.34. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Construction companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Construction Partners this week, compared to 6 articles on an average week.
Search Interest
5 people have searched for ROAD on MarketBeat in the last 30 days. This is an increase of 25% compared to the previous 30 days.
MarketBeat Follows
8 people have added Construction Partners to their MarketBeat watchlist in the last 30 days. This is an increase of 14% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Construction Partners insiders have not sold or bought any company stock.
Percentage Held by Insiders
18.80% of the stock of Construction Partners is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
94.83% of the stock of Construction Partners is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Construction Partners are expected to grow by 26.12% in the coming year, from $1.34 to $1.69 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Construction Partners is 46.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 145.54.
Price to Earnings Ratio vs. Sector
The P/E ratio of Construction Partners is 46.32, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 18.45.
Price to Earnings Growth Ratio
Construction Partners has a PEG Ratio of 1.37. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Construction Partners has a P/B Ratio of 5.11. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Construction Partners Stock (NASDAQ:ROAD)

Construction Partners, Inc., a civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company provides various products and services to public and private infrastructure projects, such as 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; and paving activities, including the construction of roadway base layers and application of asphalt pavement. In addition, the company is involved in 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 founded in 2007 and is headquartered in Dothan, Alabama.

ROAD Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ROAD Stock News Headlines

April 18, 2024 | bizjournals.com

Atlanta firms Rooker, Track West Partners win incentives for $120M industrial park in Rowan County

April 17, 2024 | msn.com

Minnesota's second season unofficially begins: Several major road construction projects ramp up this week

April 20, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

April 17, 2024 | bizjournals.com

Construction know-how meets political savvy in Giambra's new dispensary

April 17, 2024 | msn.com

ODOT begins $1.7 billion in construction projects to repair roads, bridges across Northeast Ohio

April 17, 2024 | msn.com

Several road construction projects begin Monday in Michiana

April 15, 2024 | msn.com

‘Not acceptable': Key Biscayne mayor responds to huge delays amid construction closures

April 14, 2024 | fool.com

Construction Partners (NASDAQ: ROAD)

April 20, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

April 12, 2024 | msn.com

Northeast Ohio road projects: What new detours can drivers expect?

April 9, 2024 | prnewswire.com

Construction Partners, Inc. Announces Schedule for Fiscal 2024 Second Quarter Earnings Release and Conference Call

April 7, 2024 | msn.com

Road flagger dies after being struck and trapped under vehicle

April 7, 2024 | okcthunderwire.usatoday.com

April 7 West playoff update as Thunder play last road game of regular season

April 4, 2024 | bizjournals.com

Construction to begin on affordable apartments near McLean Metro

April 4, 2024 | msn.com

Careers in Construction fair aims to educate next generation of workers

April 2, 2024 | finance.yahoo.com

Construction Partners (ROAD) Stock Moves -0.67%: What You Should Know

April 1, 2024 | msn.com

Agri Terra Flags Off Construction of Aldera Resort in Paraguay

April 1, 2024 | news.yahoo.com

FDOT tells Lakeland that funding to move the Dixieland road diet forward is a city problem

April 1, 2024 | msn.com

Ongoing construction of Akure-Ado road unsatisfactory – Umahi

April 1, 2024 | finance.yahoo.com

Here's What To Make Of Construction Partners' (NASDAQ:ROAD) Decelerating Rates Of Return

April 1, 2024 | msn.com

Lobby Groups Want Court to Block Construction of Road Through Aberdares National Park

March 29, 2024 | msn.com

There's a long road ahead to cleaning up Baltimore's Key Bridge collapse: Not 'quick or easy or cheap'

March 29, 2024 | msn.com

Rescued Key Bridge construction worker couldn’t swim. Here’s what we know about the recovery effort.

March 29, 2024 | msn.com

City of Minneapolis announces 2-year main road reconstruction

March 29, 2024 | msn.com

Northeast Ohio road construction: What detours can drivers expect?

March 28, 2024 | msn.com

Duggan unveils Detroit NFL draft plans: Road closures, mobile app, stage construction

March 28, 2024 | msn.com

Long road ahead for Baltimore bridge collapse cleanup: Not 'quick or easy'

See More Headlines

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Company Calendar

Last Earnings: 2/09/2024
Today: 4/19/2024
Next Earnings (Confirmed): 5/10/2024
Fiscal Year End: 9/30/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Construction
Industry: Heavy construction, except building construction - contractors
Sub-Industry: N/A
Current Symbol: NASDAQ:ROAD
CUSIP: N/A
CIK: 1718227
Web: www.constructionpartners.net
Phone: (334) 673-9763
Fax: N/A
Employees: 4,014
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $52.00
High Stock Price Target: $59.00
Low Stock Price Target: $45.00
Potential Upside/Downside: +3.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.08
Trailing P/E Ratio: 46.32
Forward P/E Ratio: 37.34
P/E Growth: 1.37
Net Income: $49 million
Net Margins: 3.52%
Pretax Margin: 4.69%
Return on Equity: 11.56%
Return on Assets: 4.73%

Debt

Debt-to-Equity Ratio: 0.82
Current Ratio: 1.75
Quick Ratio: 1.39

Sales & Book Value

Annual Sales: $1.56 billion
Price / Sales: 1.69
Cash Flow: $2.30 per share
Price / Cash Flow: 21.74
Book Value: $9.80 per share
Price / Book: 5.11

Miscellaneous

Outstanding Shares: 52,710,000
Free Float: 42,801,000
Market Cap: $2.64 billion
Optionable: Optionable
Beta: 0.65

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Key Executives

Mr. Ned Nelson Fleming III (Age 64)
Executive Chairman of the Board
Mr. Fred Julius Smith III (Age 54)
President, CEO & Director
Comp: $1.65M
Mr. Gregory A. Hoffman (Age 58)
Senior VP & CFO
Comp: $754.78k
Mr. Michael Brett Armstrong (Age 62)
Senior Vice President
Comp: $928.59k
Mr. Robert P. Flowers (Age 64)
Senior Vice President
Comp: $947.99k
Mr. Todd K. Andrews (Age 61)
Chief Accounting Officer
Mr. Judson Ryan Brooks (Age 35)
Senior Vice President of Legal

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ROAD Stock Analysis - 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 2 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ROAD shares.
View ROAD analyst ratings or view top-rated stocks.
What is Construction Partners' stock price target for 2024?: 4 brokers have issued 12-month price objectives for Construction Partners' stock. Their ROAD share price targets range from $45.00 to $59.00. On average, they predict the company's stock price to reach $52.00 in the next twelve months. This suggests a possible upside of 3.9% 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 2024?: Construction Partners' stock was trading at $43.52 on January 1st, 2024. Since then, ROAD shares have increased by 15.0% and is now trading at $50.03.
View the best growth stocks for 2024 here.
Are investors shorting Construction Partners?: Construction Partners saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 2,200,000 shares, an increase of 50.7% from the March 15th total of 1,460,000 shares. Based on an average trading volume of 355,500 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 Friday, May 10th 2024.
View our ROAD earnings forecast.
How can I listen to Construction Partners' earnings call?: Construction Partners will be holding an earnings conference call on Friday, May 10th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13745318#".
How were Construction Partners' earnings last quarter?: Construction Partners, Inc. (NASDAQ:ROAD) issued its quarterly earnings data on Friday, February, 9th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.13 by $0.06. The firm had revenue of $396.51 million for the quarter, compared to the consensus estimate of $393.62 million. Construction Partners had a net margin of 3.52% and a trailing twelve-month return on equity of 11.56%. The company's quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.04 earnings per share.

What ETFs hold Construction Partners' stock?: ETFs with the largest weight of Construction Partners (NASDAQ:ROAD) stock in their portfolio include Invesco Building & Construction ETF (PKB).First Trust RBA American Industrial Renaissance ETF (AIRR).
What guidance has Construction Partners issued on next quarter's earnings?: Construction Partners issued an update on its FY 2024 earnings guidance on Friday, February, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.8 billion-$1.8 billion, compared to the consensus revenue estimate of $1.8 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), RTX (RTX), Verizon Communications (VZ), Altria Group (MO), NVIDIA (NVDA) and Pfizer (PFE).
When did Construction Partners IPO?: Construction Partners (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 acted as the underwriters for the IPO and Imperial Capital and D.A. Davidson were co-managers.
Who are Construction Partners' major shareholders?: Construction Partners' stock is owned by many different retail and institutional investors. Top institutional shareholders include Wasatch Advisors LP (3.21%), Allspring Global Investments Holdings LLC (0.28%), Cannon Global Investment Management LLC (0.02%) and Mesirow Financial Investment Management Inc. (0.01%). Insiders that own company stock include Craig Jennings, John L Harper, Noreen E Skelly, Stefan L Shaffer, Suntx Capital Ii Management Co, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:ROAD) was last updated on 4/20/2024 by MarketBeat.com Staff

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Construction Partners (ROAD) Stock Price, News & Analysis

Construction Partners MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Construction Partners Stock (NASDAQ:ROAD)

ROAD Stock Price History

ROAD Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

ROAD Stock Analysis - Frequently Asked Questions

Overall MarketRank^™