Construction Partners (NASDAQ:ROAD) Price Target Raised to $169.00 at Robert W. Baird

Construction Partners (NASDAQ:ROAD) had its price target lifted by equities research analysts at Robert W. Baird from $129.00 to $169.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price target would suggest a potential upside of 20.30% from the stock’s current price.

Several other analysts have also recently commented on the stock. Zacks Research cut shares of Construction Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. B. Riley Financial upgraded shares of Construction Partners from a “neutral” rating to a “buy” rating and raised their target price for the stock from $117.00 to $135.00 in a research note on Thursday, April 2nd. Raymond James Financial restated a “strong-buy” rating and set a $140.00 target price on shares of Construction Partners in a research report on Monday, April 27th. DA Davidson boosted their target price on shares of Construction Partners from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Finally, Weiss Ratings upgraded shares of Construction Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $137.80.

Construction Partners Stock Performance

NASDAQ:ROAD opened at $140.48 on Monday. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.59 and a quick ratio of 1.26. The firm has a market cap of $7.94 billion, a price-to-earnings ratio of 61.61, a price-to-earnings-growth ratio of 1.25 and a beta of 0.92. The firm’s fifty day moving average price is $119.17 and its 200 day moving average price is $115.97. Construction Partners has a 1-year low of $91.72 and a 1-year high of $151.00.

Construction Partners (NASDAQ:ROAD) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.23. Construction Partners had a net margin of 3.90% and a return on equity of 15.50%. The company had revenue of $769.20 million during the quarter, compared to the consensus estimate of $678.46 million. During the same quarter in the prior year, the firm earned $0.08 EPS. Construction Partners’s quarterly revenue was up 34.6% on a year-over-year basis. On average, sell-side analysts expect that Construction Partners will post 2.87 EPS for the current year.

Institutional Trading of Construction Partners

Large investors have recently bought and sold shares of the company. TD Waterhouse Canada Inc. purchased a new position in shares of Construction Partners during the 3rd quarter valued at approximately $25,000. AlphaQuest LLC increased its position in Construction Partners by 292.5% in the third quarter. AlphaQuest LLC now owns 208 shares of the company’s stock worth $26,000 after buying an additional 155 shares during the period. Morse Asset Management Inc increased its holdings in shares of Construction Partners by 300.0% during the third quarter. Morse Asset Management Inc now owns 240 shares of the company’s stock valued at $30,000 after purchasing an additional 180 shares during the period. Danske Bank A S acquired a new position in shares of Construction Partners during the third quarter valued at $38,000. Finally, Quarry LP acquired a new position in Construction Partners during the third quarter worth about $42,000. Institutional investors and hedge funds 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.