Construction Partners, Inc. (NASDAQ:ROAD) Stock Has Average Price Target of $133.50

Shares of Construction Partners, Inc. (NASDAQ:ROAD) have earned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $133.50.

Several research analysts have recently weighed in on the stock. Weiss Ratings cut shares of Construction Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, September 17th. Truist Financial began coverage on Construction Partners in a report on Wednesday, June 3rd. They issued a “hold” rating and a $130.00 price target on the stock. Robert W. Baird dropped their price objective on shares of Construction Partners from $145.00 to $141.00 and set an “outperform” rating for the company in a report on Monday, August 10th. Zacks Research downgraded Construction Partners from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 16th. Finally, Raymond James Financial decreased their price target on shares of Construction Partners from $161.00 to $150.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, July 15th.

Institutional Investors Weigh In On Construction Partners

Institutional investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC purchased a new position in shares of Construction Partners during the second quarter valued at approximately $242,000. Engineers Gate Manager LP purchased a new position in shares of Construction Partners during the second quarter valued at $733,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Construction Partners in the 2nd quarter worth approximately $90,000. Nykredit A S purchased a new stake in Construction Partners during the second quarter worth $259,000. Finally, Corient Private Wealth LP boosted its position in Construction Partners by 69.5% during the 2nd quarter. Corient Private Wealth LP now owns 33,590 shares of the company’s stock valued at $3,989,000 after acquiring an additional 13,770 shares in the last quarter. Institutional investors own 94.83% of the company’s stock.

Construction Partners Stock Up 0.5%

Shares of Construction Partners stock opened at $91.90 on Wednesday. The company has a market cap of $5.22 billion, a price-to-earnings ratio of 36.04, a price-to-earnings-growth ratio of 0.85 and a beta of 0.90. Construction Partners has a twelve month low of $88.73 and a twelve month high of $151.00. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 1.68. The company’s 50 day moving average is $105.00 and its 200 day moving average is $111.30.

Construction Partners (NASDAQ:ROAD) last issued its quarterly earnings data on Friday, August 7th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.01 by $0.07. The company had revenue of $999.42 million during the quarter, compared to analyst estimates of $948.77 million. Construction Partners had a return on equity of 16.06% and a net margin of 4.10%.Construction Partners’s revenue was up 28.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 earnings per share. Research analysts anticipate that Construction Partners will post 3.04 EPS for the current year.

Construction Partners Company Profile

Construction Partners, Inc is an infrastructure-services company that specializes in the construction and maintenance of roads and other transportation-related projects. Operating primarily in the southeastern United States, the company serves public-sector customers, commercial developers and private entities.

The company’s activities include asphalt production and paving, road construction, highway and bridge work, site development, grading, milling and related infrastructure services.