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

Construction Partners, Inc. (NASDAQ:ROAD) has been given a consensus recommendation of “Moderate Buy” by the seven research firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $127.80.

ROAD has been the subject of a number of recent analyst reports. Bank of America reduced their target price on Construction Partners from $120.00 to $115.00 and set a “buy” rating for the company in a report on Friday, November 21st. B. Riley Financial started 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 for the company. Zacks Research raised shares of Construction Partners from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 29th. Robert W. Baird set a $142.00 target price on shares of Construction Partners in a report on Friday, February 6th. Finally, DA Davidson increased their target price on shares of Construction Partners from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th.

Construction Partners Price Performance

Shares of NASDAQ ROAD opened at $113.97 on Friday. The stock has a market cap of $6.44 billion, a PE ratio of 51.80, a price-to-earnings-growth ratio of 1.03 and a beta of 0.83. Construction Partners has a fifty-two week low of $64.79 and a fifty-two week high of $141.90. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.26 and a current ratio of 1.59. The stock has a fifty day moving average of $122.12 and a 200-day moving average of $118.08.

Construction Partners (NASDAQ:ROAD) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. The company had revenue of $809.47 million for the quarter, compared to analyst estimates of $740.14 million. Construction Partners had a return on equity of 15.26% and a net margin of 3.99%.The firm’s revenue for the quarter was up 44.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 EPS. Equities research analysts anticipate that Construction Partners will post 1.96 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC boosted its stake in Construction Partners by 191.7% during the fourth quarter. Hsbc Holdings PLC now owns 16,344 shares of the company’s stock valued at $1,787,000 after buying an additional 10,741 shares during the period. Invesco Ltd. increased its stake in Construction Partners by 23.7% in the 4th quarter. Invesco Ltd. now owns 1,481,914 shares of the company’s stock worth $160,862,000 after acquiring an additional 284,082 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in Construction Partners by 16.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 3,092 shares of the company’s stock worth $336,000 after acquiring an additional 437 shares during the last quarter. Zimmer Partners LP purchased a new stake in shares of Construction Partners in the 4th quarter valued at about $13,026,000. Finally, SummitTX Capital L.P. purchased a new stake in shares of Construction Partners in the 4th quarter valued at about $7,084,000. 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.