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

Construction Partners, Inc. (NASDAQ:ROAD) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $122.20.

A number of analysts recently commented on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Construction Partners in a report on Monday, December 29th. Bank of America decreased their target price on Construction Partners from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, November 21st. Raymond James Financial reissued a “strong-buy” rating and issued a $135.00 price target (up from $120.00) on shares of Construction Partners in a report on Tuesday, October 21st. Robert W. Baird reduced their price target on shares of Construction Partners from $131.00 to $124.00 and set an “outperform” rating for the company in a research report on Friday, November 21st. Finally, B. Riley began coverage on shares of Construction Partners in a research report on Thursday, January 15th. They issued a “neutral” rating and a $117.00 price objective on the stock.

Hedge Funds Weigh In On Construction Partners

Institutional investors and hedge funds have recently bought and sold shares of the company. TD Waterhouse Canada Inc. purchased a new stake in Construction Partners in the 3rd quarter worth about $25,000. AlphaQuest LLC boosted its position in Construction Partners by 292.5% during the third quarter. AlphaQuest LLC now owns 208 shares of the company’s stock worth $26,000 after purchasing an additional 155 shares during the period. Morse Asset Management Inc increased its stake in shares of Construction Partners by 300.0% in the third quarter. Morse Asset Management Inc now owns 240 shares of the company’s stock worth $30,000 after purchasing an additional 180 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Construction Partners by 2,750.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 285 shares of the company’s stock valued at $30,000 after purchasing an additional 275 shares during the period. Finally, Danske Bank A S bought a new stake in shares of Construction Partners in the third quarter valued at approximately $38,000. 94.83% of the stock is owned by institutional investors.

Construction Partners Trading Down 4.5%

NASDAQ ROAD opened at $109.25 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.34 and a debt-to-equity ratio of 1.73. The business has a fifty day simple moving average of $109.23 and a 200 day simple moving average of $113.49. Construction Partners has a 12 month low of $64.79 and a 12 month high of $138.90. The firm has a market capitalization of $6.18 billion, a P/E ratio of 59.70, a PEG ratio of 1.08 and a beta of 0.87.

Construction Partners (NASDAQ:ROAD) last released its quarterly earnings results 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 net margin of 3.62% and a return on equity of 14.42%. The firm had revenue of $899.85 million for the quarter, compared to the consensus estimate of $896.17 million. During the same period in the previous year, the business earned $0.56 earnings per share. The firm’s revenue for the quarter was up 67.2% on a year-over-year basis. On average, analysts predict that Construction Partners will post 1.96 EPS for the current fiscal year.

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.