Construction Partners (NASDAQ:ROAD) Upgraded by ValuEngine to “Hold”

ValuEngine upgraded shares of Construction Partners (NASDAQ:ROAD) from a sell rating to a hold rating in a report published on Monday, April 1st, ValuEngine reports.

A number of other research firms also recently issued reports on ROAD. Imperial Capital set a $14.00 target price on shares of Construction Partners and gave the stock a buy rating in a research report on Monday, December 10th. Raymond James set a $14.00 target price on shares of Construction Partners and gave the stock a buy rating in a research report on Thursday, February 14th. Finally, Zacks Investment Research upgraded shares of Construction Partners from a sell rating to a hold rating in a report on Tuesday, January 22nd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of Buy and an average target price of $14.50.

Shares of Construction Partners stock traded down $0.68 on Monday, hitting $12.08. The company had a trading volume of 143,755 shares, compared to its average volume of 58,429. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.30 and a quick ratio of 2.03. The stock has a market capitalization of $634.47 million and a PE ratio of 14.05. Construction Partners has a 52 week low of $7.70 and a 52 week high of $14.06.

Construction Partners (NASDAQ:ROAD) last issued its earnings results on Monday, February 11th. The company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.04). The business had revenue of $154.33 million for the quarter, compared to the consensus estimate of $170.23 million. Construction Partners had a return on equity of 12.92% and a net margin of 6.57%. On average, analysts forecast that Construction Partners will post 0.77 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Bailard Inc. acquired a new position in Construction Partners in the 1st quarter valued at $175,000. Conestoga Capital Advisors LLC acquired a new position in Construction Partners in the 1st quarter valued at $336,000. Summit Creek Advisors LLC grew its stake in Construction Partners by 20.6% in the 1st quarter. Summit Creek Advisors LLC now owns 676,478 shares of the company’s stock valued at $8,639,000 after buying an additional 115,450 shares during the last quarter. Geode Capital Management LLC grew its stake in Construction Partners by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 70,571 shares of the company’s stock valued at $623,000 after buying an additional 1,269 shares during the last quarter. Finally, Penn Capital Management Co. Inc. grew its stake in Construction Partners by 24.1% in the 4th quarter. Penn Capital Management Co. Inc. now owns 357,360 shares of the company’s stock valued at $3,155,000 after buying an additional 69,509 shares during the last quarter. Institutional investors and hedge funds own 20.28% of the company’s stock.

About Construction Partners

Construction Partners, Inc, an infrastructure and road construction company, provides construction products and services to public and private sectors. It offers construction of highways, roads, bridges, airports, and commercial and residential sites. The company provides a range of sitework construction services, including site development, paving, and utility and drainage systems construction, as well as supplies hot mix asphalt required for the projects.

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Analyst Recommendations for Construction Partners (NASDAQ:ROAD)

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