Construction Partners, Inc. (NASDAQ:ROAD) Receives $136.50 Consensus PT from Analysts

Shares of Construction Partners, Inc. (NASDAQ:ROAD) have earned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $136.50.

Several research analysts have commented on the company. Zacks Research downgraded Construction Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Raymond James Financial reissued a “strong-buy” rating and issued a $140.00 price objective on shares of Construction Partners in a research report on Monday, April 27th. Truist Financial started coverage on shares of Construction Partners in a research note on Wednesday, June 3rd. They issued a “hold” rating and a $130.00 price objective on the stock. Robert W. Baird boosted their target price on shares of Construction Partners from $129.00 to $169.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Finally, Weiss Ratings downgraded shares of Construction Partners from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th.

Construction Partners Price Performance

ROAD stock opened at $122.78 on Monday. The stock has a market capitalization of $6.94 billion, a price-to-earnings ratio of 53.85, a price-to-earnings-growth ratio of 1.02 and a beta of 0.88. The company has a 50-day moving average of $118.57 and a two-hundred day moving average of $117.23. Construction Partners has a 52-week low of $93.22 and a 52-week high of $151.00. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.53 and a quick ratio of 1.21.

Construction Partners (NASDAQ:ROAD) last posted its quarterly earnings data on Friday, May 8th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.23. Construction Partners had a return on equity of 15.22% and a net margin of 3.90%.The business had revenue of $769.20 million during the quarter, compared to analysts’ expectations of $678.46 million. During the same quarter in the previous year, the firm earned $0.08 EPS. The firm’s revenue was up 34.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Construction Partners will post 2.95 EPS for the current year.

Institutional Investors Weigh In On Construction Partners

Several hedge funds have recently made changes to their positions in the stock. MAI Capital Management grew its holdings in shares of Construction Partners by 21.7% during the third quarter. MAI Capital Management now owns 505 shares of the company’s stock worth $64,000 after buying an additional 90 shares in the last quarter. NFSG Corp lifted its stake in Construction Partners by 8.7% in the 1st quarter. NFSG Corp now owns 1,251 shares of the company’s stock valued at $139,000 after acquiring an additional 100 shares in the last quarter. ANB Bank boosted its position in Construction Partners by 3.4% during the 1st quarter. ANB Bank now owns 4,258 shares of the company’s stock worth $473,000 after acquiring an additional 140 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Construction Partners by 0.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 23,151 shares of the company’s stock worth $2,573,000 after acquiring an additional 149 shares in the last quarter. Finally, AlphaQuest LLC grew its stake in shares of Construction Partners by 292.5% during the 3rd quarter. AlphaQuest LLC now owns 208 shares of the company’s stock worth $26,000 after acquiring an additional 155 shares in the last quarter. Institutional investors own 94.83% of the company’s stock.

Construction Partners Company Profile

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.