Analysts Set Construction Partners, Inc. (NASDAQ:ROAD) Price Target at $112.33

Shares of Construction Partners, Inc. (NASDAQ:ROAD) have been given an average recommendation of “Buy” by the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $112.3333.

ROAD has been the topic of several recent analyst reports. Raymond James Financial restated a “strong-buy” rating on shares of Construction Partners in a research note on Friday, August 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Construction Partners in a report on Wednesday. Robert W. Baird set a $122.00 price target on shares of Construction Partners and gave the company an “outperform” rating in a research note on Friday, August 8th. Baird R W upgraded shares of Construction Partners from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 8th. Finally, Zacks Research upgraded shares of Construction Partners from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th.

Construction Partners Stock Up 1.4%

Shares of ROAD stock opened at $122.98 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 1.20 and a debt-to-equity ratio of 1.63. Construction Partners has a 1 year low of $64.79 and a 1 year high of $138.90. The firm’s fifty day moving average price is $120.12 and its two-hundred day moving average price is $103.68. The firm has a market capitalization of $6.90 billion, a P/E ratio of 89.77, a PEG ratio of 1.04 and a beta of 0.98.

Construction Partners (NASDAQ:ROAD) last released its earnings results on Thursday, August 7th. The company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). The company had revenue of $779.28 million during the quarter, compared to analyst estimates of $810.47 million. Construction Partners had a net margin of 3.04% and a return on equity of 12.24%. Construction Partners’s revenue was up 50.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.59 EPS. Construction Partners has set its FY 2025 guidance at EPS. On average, equities analysts predict that Construction Partners will post 1.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Construction Partners

A number of large investors have recently modified their holdings of ROAD. Whalen Wealth Management Inc. acquired a new stake in Construction Partners in the third quarter valued at approximately $201,000. GAMMA Investing LLC lifted its holdings in Construction Partners by 10.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,288 shares of the company’s stock worth $164,000 after buying an additional 124 shares during the period. Praxis Investment Management Inc. acquired a new position in Construction Partners during the 3rd quarter worth about $486,000. Caldwell Trust Co acquired a new position in shares of Construction Partners in the second quarter worth approximately $88,000. Finally, Osaic Holdings Inc. lifted its stake in shares of Construction Partners by 107.4% in the second quarter. Osaic Holdings Inc. now owns 10,221 shares of the company’s stock worth $1,086,000 after acquiring an additional 5,294 shares during the period. Institutional investors and hedge funds own 94.83% of the company’s stock.

About Construction Partners

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.