DA Davidson Expects Lower Earnings for Construction Partners

Construction Partners, Inc. (NASDAQ:ROAD) – Stock analysts at DA Davidson decreased their FY2026 EPS estimates for Construction Partners in a research report issued to clients and investors on Thursday, October 23rd. DA Davidson analyst B. Thielman now anticipates that the company will earn $2.69 per share for the year, down from their previous forecast of $3.11. DA Davidson has a “Neutral” rating and a $120.00 price target on the stock. The consensus estimate for Construction Partners’ current full-year earnings is $1.96 per share.

Several other research firms have also recently issued reports on ROAD. Robert W. Baird set a $122.00 price target on shares of Construction Partners and gave the stock an “outperform” rating in a report on Friday, August 8th. Raymond James Financial reissued a “strong-buy” rating and set a $135.00 price target (up from $120.00) on shares of Construction Partners in a report on Tuesday, October 21st. Baird R W raised shares of Construction Partners from a “hold” rating to a “strong-buy” rating in a report on Friday, August 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Construction Partners in a report on Friday. Finally, Zacks Research raised shares of Construction Partners from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Construction Partners presently has a consensus rating of “Buy” and a consensus price target of $125.67.

Construction Partners Trading Up 1.7%

NASDAQ ROAD opened at $117.99 on Monday. The stock has a market capitalization of $6.62 billion, a P/E ratio of 86.12, a P/E/G ratio of 1.04 and a beta of 0.98. Construction Partners has a 52-week low of $64.79 and a 52-week high of $138.90. The firm has a 50-day moving average price of $122.49 and a 200 day moving average price of $107.36. The company has a quick ratio of 1.20, a current ratio of 1.47 and a debt-to-equity ratio of 1.63.

Construction Partners (NASDAQ:ROAD) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). The firm had revenue of $779.28 million for the quarter, compared to analysts’ expectations of $810.47 million. Construction Partners had a return on equity of 12.24% and a net margin of 3.04%.The company’s revenue for the quarter was up 50.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.59 earnings per share. Construction Partners has set its FY 2025 guidance at EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ROAD. Montag A & Associates Inc. purchased a new position in shares of Construction Partners during the 1st quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Construction Partners by 2,750.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 285 shares of the company’s stock worth $30,000 after purchasing an additional 275 shares in the last quarter. MAI Capital Management purchased a new position in shares of Construction Partners during the 2nd quarter worth approximately $44,000. Hazlett Burt & Watson Inc. increased its stake in shares of Construction Partners by 88.9% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 425 shares of the company’s stock worth $45,000 after purchasing an additional 200 shares in the last quarter. Finally, Mather Group LLC. purchased a new position in shares of Construction Partners during the 3rd quarter worth approximately $47,000. 94.83% of the stock is owned by hedge funds and other institutional investors.

Construction Partners Company Profile

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.