Construction Partners, Inc. (NASDAQ:ROAD) Receives $136.50 Average Price Target from Analysts

Construction Partners, Inc. (NASDAQ:ROAD) has earned an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $136.50.

A number of analysts have recently weighed in 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 report on Monday, May 11th. Truist Financial assumed coverage on shares of Construction Partners in a report on Wednesday, June 3rd. They issued a “hold” rating and a $130.00 target price on the stock. Raymond James Financial restated a “strong-buy” rating and issued a $140.00 target price on shares of Construction Partners in a report on Monday, April 27th. Zacks Research downgraded shares of Construction Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. 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 Stock Performance

Construction Partners stock opened at $122.78 on Monday. The company’s 50-day moving average price is $118.57 and its 200-day moving average price is $117.17. Construction Partners has a twelve month low of $93.22 and a twelve month high of $151.00. The company has a quick ratio of 1.21, a current ratio of 1.53 and a debt-to-equity ratio of 1.75. The company has a market cap of $6.94 billion, a PE ratio of 53.85, a price-to-earnings-growth ratio of 1.02 and a beta of 0.88.

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

Institutional Investors Weigh In On Construction Partners

Several large investors have recently added to or reduced their stakes in ROAD. AlphaQuest LLC boosted its position in Construction Partners by 292.5% in the 3rd quarter. AlphaQuest LLC now owns 208 shares of the company’s stock valued at $26,000 after buying an additional 155 shares during the period. Morse Asset Management Inc boosted its position in Construction Partners by 300.0% in the 3rd quarter. Morse Asset Management Inc now owns 240 shares of the company’s stock valued at $30,000 after buying an additional 180 shares during the period. Danske Bank A S purchased a new stake in Construction Partners in the 3rd quarter valued at about $38,000. Harbor Investment Advisory LLC purchased a new stake in Construction Partners in the 1st quarter valued at about $39,000. Finally, Hollencrest Capital Management purchased a new stake in Construction Partners in the 1st quarter valued at about $39,000. 94.83% of the stock is owned by hedge funds and other institutional investors.

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.