Construction Partners (NASDAQ:ROAD) Stock Rating Lowered by Sidoti

Construction Partners (NASDAQ:ROAD) was downgraded by equities researchers at Sidoti from a “buy” rating to a “neutral” rating in a research note issued on Thursday, MarketBeat Ratings reports. They presently have a $59.00 target price on the stock. Sidoti’s price target points to a potential upside of 5.08% from the stock’s previous close.

Several other equities analysts have also commented on ROAD. Raymond James raised their target price on shares of Construction Partners from $45.00 to $49.00 and gave the company a “strong-buy” rating in a report on Friday, December 1st. Stifel Nicolaus lifted their price target on shares of Construction Partners from $51.00 to $57.00 and gave the company a “buy” rating in a report on Monday, February 12th. Finally, Robert W. Baird lowered shares of Construction Partners from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $46.00 to $50.00 in a report on Monday, February 12th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Construction Partners has an average rating of “Moderate Buy” and an average price target of $52.00.

Construction Partners Price Performance

ROAD stock opened at $56.15 on Thursday. The company has a quick ratio of 1.39, a current ratio of 1.75 and a debt-to-equity ratio of 0.82. Construction Partners has a 12 month low of $24.12 and a 12 month high of $57.50. The firm has a market cap of $2.96 billion, a P/E ratio of 51.99, a P/E/G ratio of 1.48 and a beta of 0.64. The company’s 50-day moving average price is $48.95 and its two-hundred day moving average price is $43.36.

Construction Partners (NASDAQ:ROAD) last released its earnings results on Friday, February 9th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.13 by $0.06. Construction Partners had a net margin of 3.52% and a return on equity of 11.56%. The firm had revenue of $396.51 million for the quarter, compared to analyst estimates of $393.62 million. During the same period last year, the firm earned $0.04 EPS. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, analysts anticipate that Construction Partners will post 1.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Construction Partners

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. KBC Group NV acquired a new stake in Construction Partners during the 4th quarter worth approximately $28,000. ICA Group Wealth Management LLC acquired a new stake in Construction Partners during the 4th quarter worth approximately $30,000. NBC Securities Inc. acquired a new stake in Construction Partners during the 3rd quarter worth approximately $26,000. Operose Advisors LLC acquired a new stake in Construction Partners during the 3rd quarter worth approximately $38,000. Finally, Public Employees Retirement System of Ohio boosted its position in Construction Partners by 40.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,102 shares of the company’s stock worth $29,000 after buying an additional 317 shares during the period. 94.83% of the stock is owned by institutional investors.

Construction Partners Company Profile

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.