Construction Partners, Inc. (NASDAQ:ROAD) Receives $125.67 Average Target Price from Brokerages

Shares of Construction Partners, Inc. (NASDAQ:ROAD) have been given an average recommendation of “Buy” by the six analysts that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $125.6667.

Several analysts have recently weighed in on the company. Baird R W upgraded Construction Partners from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 8th. Zacks Research upgraded Construction Partners from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Construction Partners in a research note on Wednesday, October 8th. Raymond James Financial restated a “strong-buy” rating and set a $135.00 target price (up from $120.00) on shares of Construction Partners in a research note on Tuesday, October 21st. Finally, DA Davidson raised their target price on Construction Partners from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd.

Construction Partners Stock Performance

Shares of NASDAQ:ROAD opened at $112.02 on Friday. The company has a market cap of $6.28 billion, a P/E ratio of 81.77, a PEG ratio of 1.01 and a beta of 1.02. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.20 and a current ratio of 1.47. Construction Partners has a one year low of $64.79 and a one year high of $138.90. The business’s 50-day simple moving average is $122.26 and its 200 day simple moving average is $109.33.

Construction Partners (NASDAQ:ROAD) last announced its earnings results on Thursday, August 7th. The company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company had revenue of $779.28 million for the quarter, compared to analysts’ expectations of $810.47 million. Construction Partners had a net margin of 3.04% and a return on equity of 12.24%. The business’s quarterly revenue was up 50.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.59 earnings per share. Construction Partners has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Construction Partners will post 1.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. TD Waterhouse Canada Inc. acquired a new position in shares of Construction Partners in the 3rd quarter worth approximately $25,000. AlphaQuest LLC grew its position in shares of Construction Partners by 292.5% in 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. Caitong International Asset Management Co. Ltd grew its position in shares of Construction Partners by 2,750.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 285 shares of the company’s stock worth $30,000 after acquiring an additional 275 shares in the last quarter. Mather Group LLC. acquired a new position in shares of Construction Partners in the 3rd quarter worth approximately $47,000. Finally, First Horizon Corp acquired a new position in shares of Construction Partners in the 3rd quarter worth approximately $49,000. Institutional investors own 94.83% of the company’s stock.

About Construction Partners

Construction Partners, Inc, a civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company provides various products and services to public and private infrastructure projects, such as highways, roads, bridges, airports, and commercial and residential developments.