Construction Partners (ROAD) Stock Price, News & Analysis

Company Overview

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. It also engages in manufacturing and distributing hot mix asphalt (HMA) for internal use and sales to third parties in connection with construction projects; and paving activities, including the construction of roadway base layers and application of asphalt pavement. In addition, the company is involved in site development, including the installation of utility and drainage systems; mining aggregates, such as sand, gravel, and construction stones that are used as raw materials in the production of HMA; and distributing liquid asphalt cement for internal use and sales to third parties in connection with HMA production. The company was formerly known as SunTx CPI Growth Company, Inc. and changed its name to Construction Partners, Inc. in September 2017. Construction Partners, Inc. was founded in 2007 and is headquartered in Dothan, Alabama.

Key Stats

• Today's Range: $90.91 to $93.72
• 50-Day Range: $63.29 to $95.77
• 52-Week Range: $39.79 to $97.25
• Volume: 682,386 shs
• Average Volume: 361,299 shs
• Market Capitalization: $4.82 billion
• P/E Ratio: 67.64
• Dividend Yield: N/A
• Price Target: $69.00
• Consensus Rating: Moderate Buy

Construction Partners Stock Analysis - MarketRank™

Construction Partners scored higher than 67% of companies evaluated by MarketBeat, and ranked 62nd out of 102 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Construction Partners has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Construction Partners has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 40.60%

Earnings Growth

Earnings for Construction Partners are expected to grow by 40.60% in the coming year, from $1.33 to $1.87 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Construction Partners is 67.64, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.22.

Price to Earnings Ratio vs. Sector

The P/E ratio of Construction Partners is 67.64, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 29.78.

Price to Earnings Growth Ratio

Construction Partners has a PEG Ratio of 1.11. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Construction Partners has a P/B Ratio of 9.32. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.58% of the outstanding shares of Construction Partners have been sold short.

Short Interest Ratio / Days to Cover

Construction Partners has a short interest ratio ("days to cover") of 5.2.

Change versus previous month

Short interest in Construction Partners has recently decreased by 1.56%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Construction Partners does not currently pay a dividend.

Dividend Growth

Construction Partners does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 0.8 / 5
• Environmental Score: -7.47

Percentage of Shares Shorted

3.58% of the outstanding shares of Construction Partners have been sold short.

Short Interest Ratio / Days to Cover

Construction Partners has a short interest ratio ("days to cover") of 5.2.

Change versus previous month

Short interest in Construction Partners has recently decreased by 1.56%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.61

News Sentiment

Construction Partners has a news sentiment score of 0.61. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.82 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Construction Partners this week, compared to 6 articles on an average week.

Search Interest

6 people have searched for ROAD on MarketBeat in the last 30 days. This is an increase of 20% compared to the previous 30 days.

MarketBeat Follows

Only 4 people have added Construction Partners to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Construction Partners insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,574,534.00 in company stock.

Percentage Held by Insiders

18.80% of the stock of Construction Partners is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

94.83% of the stock of Construction Partners is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ROAD Stock Analysis - Frequently Asked Questions

How have ROAD shares performed this year?

Construction Partners' stock was trading at $43.52 at the beginning of the year. Since then, ROAD shares have increased by 109.8% and is now trading at $91.31.
View the best growth stocks for 2024 here.

How were Construction Partners' earnings last quarter?

Construction Partners, Inc. (NASDAQ:ROAD) announced its quarterly earnings data on Friday, August, 9th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.05. The company's revenue was up 22.7% compared to the same quarter last year.

When did Construction Partners IPO?

Construction Partners (ROAD) raised $181 million in an initial public offering on Friday, May 4th 2018. The company issued 11,300,000 shares at $15.00-$17.00 per share. Baird, Raymond James and Stephens acted as the underwriters for the IPO and Imperial Capital and D.A. Davidson were co-managers.

Who are Construction Partners' major shareholders?

Construction Partners' top institutional investors include Conestoga Capital Advisors LLC (6.69%), Geneva Capital Management LLC (6.04%), FMR LLC (3.34%) and Wasatch Advisors LP (3.33%). Insiders that own company stock include Suntx Capital Management Corp, John L Harper, Suntx Capital Ii Management Co, Mark R Matteson, Craig Jennings, Stefan L Shaffer and Noreen E Skelly.
View institutional ownership trends.

How do I buy shares of Construction Partners?

Shares of ROAD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Construction Partners own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Construction Partners investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Adobe (ADBE), ServiceNow (NOW) and e.l.f. Beauty (ELF).

Company Calendar

• Last Earnings: 8/09/2024
• Today: 11/21/2024
• Next Earnings (Estimated): 12/04/2024
• Fiscal Year End: 9/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Construction
• Industry: Heavy construction, except building construction - contractors
• Sub-Industry: Construction
• Current Symbol: NASDAQ:ROAD
• CUSIP: N/A
• CIK: 1718227
• Web: www.constructionpartners.net
• Phone: (334) 673-9763
• Fax: N/A
• Employees: 4,014
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $69.00
• High Stock Price Target: $92.00
• Low Stock Price Target: $55.00
• Potential Upside/Downside: -24.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.60
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.35
• Trailing P/E Ratio: 67.64
• Forward P/E Ratio: 68.65
• P/E Growth: 1.11
• Net Income: $49 million
• Net Margins: 4.01%
• Pretax Margin: 5.32%
• Return on Equity: 13.34%
• Return on Assets: 5.38%

Debt

• Debt-to-Equity Ratio: 0.82
• Current Ratio: 1.60
• Quick Ratio: 1.30

Sales & Book Value

• Annual Sales: $1.76 billion
• Price / Sales: 2.74
• Cash Flow: $2.51 per share
• Price / Cash Flow: 36.35
• Book Value: $9.80 per share
• Price / Book: 9.32

Miscellaneous

• Outstanding Shares: 52,762,000
• Free Float: 42,843,000
• Market Cap: $4.82 billion
• Optionable: Optionable
• Beta: 0.65