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

Shares of Construction Partners, Inc. (NASDAQ:ROAD) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $137.80.

Several analysts recently commented on ROAD shares. DA Davidson lifted their price objective on Construction Partners from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Weiss Ratings raised Construction Partners from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, April 21st. Zacks Research lowered Construction Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. B. Riley Financial raised Construction Partners from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $117.00 to $135.00 in a report on Thursday, April 2nd. Finally, Robert W. Baird lifted their price objective on Construction Partners from $129.00 to $169.00 and gave the stock an “outperform” rating in a report on Monday, May 11th.

Construction Partners Stock Up 2.0%

Construction Partners stock opened at $112.52 on Thursday. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity ratio of 1.75. Construction Partners has a 12 month low of $93.22 and a 12 month high of $151.00. The firm has a market cap of $6.36 billion, a price-to-earnings ratio of 49.35, a PEG ratio of 0.92 and a beta of 0.92. The stock has a fifty day simple moving average of $117.74 and a two-hundred day simple moving average of $116.34.

Construction Partners (NASDAQ:ROAD) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.18 EPS 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 company had revenue of $769.20 million during the quarter, compared to analyst estimates of $678.46 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. Construction Partners’s revenue was up 34.6% compared to the same quarter last year. Equities analysts predict that Construction Partners will post 2.95 EPS for the current fiscal year.

Institutional Trading of Construction Partners

Large investors have recently modified their holdings of the company. Capital World Investors lifted its position in Construction Partners by 97.5% during the fourth quarter. Capital World Investors now owns 856,696 shares of the company’s stock valued at $92,994,000 after purchasing an additional 423,033 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in Construction Partners during the fourth quarter valued at $42,518,000. Invesco Ltd. lifted its position in Construction Partners by 23.7% during the fourth quarter. Invesco Ltd. now owns 1,481,914 shares of the company’s stock valued at $160,862,000 after purchasing an additional 284,082 shares in the last quarter. First Trust Advisors LP lifted its position in Construction Partners by 33.2% during the third quarter. First Trust Advisors LP now owns 1,059,566 shares of the company’s stock valued at $134,565,000 after purchasing an additional 264,069 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in Construction Partners by 30,525.8% during the first quarter. Fifth Third Bancorp now owns 239,800 shares of the company’s stock valued at $26,647,000 after purchasing an additional 239,017 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.