Construction Partners, Inc. (NASDAQ:ROAD) Given Consensus Rating of “Moderate Buy” by Brokerages

Construction Partners, Inc. (NASDAQ:ROAD) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $123.50.

A number of brokerages have recently commented on ROAD. Zacks Research cut shares of Construction Partners from a “hold” rating to a “strong sell” rating in a report on Monday. DA Davidson restated a “neutral” rating and set a $120.00 price objective on shares of Construction Partners in a research report on Friday, November 21st. Raymond James Financial restated a “strong-buy” rating and issued a $135.00 target price (up previously from $120.00) on shares of Construction Partners in a research note on Tuesday, October 21st. Robert W. Baird lowered their target price on shares of Construction Partners from $131.00 to $124.00 and set an “outperform” rating on the stock in a report on Friday, November 21st. Finally, Bank of America cut their price target on shares of Construction Partners from $120.00 to $115.00 and set a “buy” rating for the company in a report on Friday, November 21st.

Construction Partners Stock Down 1.4%

Construction Partners stock opened at $112.13 on Friday. The stock’s fifty day moving average is $109.18 and its two-hundred day moving average is $113.20. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.61 and a quick ratio of 1.34. The stock has a market cap of $6.34 billion, a PE ratio of 61.27, a P/E/G ratio of 1.08 and a beta of 0.87. Construction Partners has a 1-year low of $64.79 and a 1-year high of $138.90.

Construction Partners (NASDAQ:ROAD) last released its quarterly earnings data on Thursday, November 20th. The company reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.04). Construction Partners had a return on equity of 14.42% and a net margin of 3.62%.The company had revenue of $899.85 million for the quarter, compared to analyst estimates of $896.17 million. During the same period in the previous year, the business posted $0.56 EPS. The firm’s revenue for the quarter was up 67.2% compared to the same quarter last year. On average, sell-side analysts expect that Construction Partners will post 1.96 EPS for the current fiscal year.

Institutional Trading of Construction Partners

Several hedge funds have recently modified their holdings of ROAD. AQR Capital Management LLC boosted its stake in shares of Construction Partners by 14.4% in the first quarter. AQR Capital Management LLC now owns 10,333 shares of the company’s stock valued at $743,000 after buying an additional 1,302 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Construction Partners by 11.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 96,191 shares of the company’s stock worth $6,913,000 after purchasing an additional 9,656 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of Construction Partners by 11.4% during the 1st quarter. Intech Investment Management LLC now owns 24,292 shares of the company’s stock worth $1,746,000 after purchasing an additional 2,482 shares in the last quarter. Strs Ohio acquired a new position in shares of Construction Partners during the 1st quarter worth $165,000. Finally, HWG Holdings LP purchased a new position in shares of Construction Partners in the 2nd quarter valued at about $2,260,000. 94.83% of the stock is owned by institutional investors and hedge funds.

About Construction Partners

Construction Partners, Inc (NASDAQ: ROAD) is a specialty contractor and infrastructure solutions provider focused on road building, paving, site development and aggregate production. The company delivers a comprehensive suite of civil construction services, including roadway paving and milling, site grading and preparation, stormwater and utility installation, and full-scale asphalt plant operations. By integrating materials production with contracting capabilities, the firm aims to streamline project delivery and maintain quality control across its contracting and materials businesses.

At the heart of Construction Partners’ operations are its network of asphalt plants, quarries and aggregate production facilities.