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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
Foot Locker Builds Up Another Head of Steam; Gains Imminent
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
Foot Locker Builds Up Another Head of Steam; Gains Imminent
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
Foot Locker Builds Up Another Head of Steam; Gains Imminent
NASDAQ:ROAD

Construction Partners (ROAD) Stock Price, News & Analysis

$56.15
-1.25 (-2.18%)
(As of 03/28/2024 ET)
Today's Range
$55.51
$57.20
50-Day Range
$41.86
$57.40
52-Week Range
$24.12
$57.50
Volume
537,672 shs
Average Volume
348,763 shs
Market Capitalization
$2.96 billion
P/E Ratio
51.99
Dividend Yield
N/A
Price Target
$50.25

Construction Partners MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
7.4% Downside
$52.00 Price Target
Short Interest
Bearish
2.77% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-7.47
Upright™ Environmental Score
News Sentiment
0.11mentions of Construction Partners in the last 14 days
Based on 15 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
25.93%
From $1.35 to $1.70 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.

2.66 out of 5 stars

Construction Sector

59th out of 99 stocks

Heavy Construction, Except Building Construction - Contractors Industry

2nd out of 11 stocks

ROAD stock logo

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

ROAD Stock News Headlines

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Company Calendar

Last Earnings
2/09/2024
Today
3/28/2024
Next Earnings (Estimated)
5/03/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Industry
Heavy construction, except building construction - contractors
Sub-Industry
N/A
Current Symbol
NASDAQ:ROAD
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
-10.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$49 million
Pretax Margin
4.69%

Debt

Sales & Book Value

Annual Sales
$1.56 billion
Cash Flow
$2.45 per share
Book Value
$9.80 per share

Miscellaneous

Free Float
42,801,000
Market Cap
$2.96 billion
Optionable
Optionable
Beta
0.64
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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 twelve months. 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 Wall Street analysts have issued 1 year price objectives for Construction Partners' stock. Their ROAD share price targets range from $45.00 to $59.00. On average, they expect the company's share price to reach $52.00 in the next twelve months. This suggests that the stock has a possible downside of 7.4%.
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 at the beginning of the year. Since then, ROAD stock has increased by 29.0% and is now trading at $56.15.
View the best growth stocks for 2024 here
.

When is Construction Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024.
View our ROAD earnings forecast
.

How were Construction Partners' earnings last quarter?

Construction Partners, Inc. (NASDAQ:ROAD) released its quarterly earnings data on Friday, February, 9th. The company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.06. The company earned $396.51 million during 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 firm's revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.04 EPS.

What ETF holds Construction Partners' stock?

First Trust RBA American Industrial Renaissance ETF holds 388,850 shares of ROAD stock, representing 2.85% of its portfolio.

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 EPS 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 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.

Who are Construction Partners' major shareholders?

Construction Partners' stock is owned by a number of institutional and retail investors. Top institutional investors include Conestoga Capital Advisors LLC (8.61%), Geneva Capital Management LLC (5.96%), Vanguard Group Inc. (4.45%), Vanguard Group Inc. (4.45%), Dimensional Fund Advisors LP (1.70%) and Natixis Advisors L.P. (1.19%). 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 3/29/2024 by MarketBeat.com Staff

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