Construction Partners, Inc., a civil infrastructure company, engages in the construction and maintenance of roadways across Alabama, Florida, Georgia, North Carolina, and South Carolina. The company, through its subsidiaries, provides various products and services to public and private infrastructure projects, with a focus on 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; paving activities, including the construction of roadway base layers and application of asphalt pavement; site development, including the installation of utility and drainage systems; mining aggregates, such as sand and gravel 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 2001 and is headquartered in Dothan, Alabama.
IPO Year: 2018
Exchange: NASDAQ
Website: constructionpartners.net
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/28/2024 | $59.00 | Buy → Neutral | Sidoti |
| 2/12/2024 | $46.00 → $50.00 | Outperform → Neutral | Robert W. Baird |
| 8/19/2022 | $25.00 → $35.00 | Strong Buy | Raymond James |
| 6/1/2022 | Buy | Sidoti | |
| 5/11/2022 | $30.00 → $25.00 | Outperform → Strong Buy | Raymond James |
| 1/18/2022 | $35.00 → $30.00 | Outperform | raymond james |
| 1/7/2022 | $40.00 → $34.00 | Neutral → Buy | BofA Securities |
| 11/19/2021 | $37.00 → $43.00 | Buy → Neutral | B of A Securities |
4 - Construction Partners, Inc. (0001718227) (Issuer)
4 - Construction Partners, Inc. (0001718227) (Issuer)
4 - Construction Partners, Inc. (0001718227) (Issuer)
4 - Construction Partners, Inc. (0001718227) (Issuer)
4 - Construction Partners, Inc. (0001718227) (Issuer)
4 - Construction Partners, Inc. (0001718227) (Issuer)
4 - Construction Partners, Inc. (0001718227) (Issuer)
4 - Construction Partners, Inc. (0001718227) (Issuer)
4 - Construction Partners, Inc. (0001718227) (Issuer)
4 - Construction Partners, Inc. (0001718227) (Issuer)
D - Construction Partners, Inc. (0001718227) (Filer)
8-K - Construction Partners, Inc. (0001718227) (Filer)
8-K - Construction Partners, Inc. (0001718227) (Filer)
8-K - Construction Partners, Inc. (0001718227) (Filer)
8-K - Construction Partners, Inc. (0001718227) (Filer)
10-Q - Construction Partners, Inc. (0001718227) (Filer)
8-K - Construction Partners, Inc. (0001718227) (Filer)
8-K - Construction Partners, Inc. (0001718227) (Filer)
S-8 - Construction Partners, Inc. (0001718227) (Filer)
8-K - Construction Partners, Inc. (0001718227) (Filer)
Company Introduces Fiscal 2024 Outlook Hosts Analyst Day in New York City DOTHAN, Ala., Oct. 4, 2023 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced preliminary financial results for fiscal year 2023 and has introduced fiscal year 2024 outlook ranges that will be discussed during today's Analyst Day event in New York City. Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "We finished our fiscal year last week with strong operational performance across our foot
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DOTHAN, Ala., Oct. 21, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced preliminary financial results for fiscal year 2024 and introduced fiscal year 2025 outlook ranges. Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "Today we are announcing our preliminary fiscal 2024 financial results, reflecting a record fourth quarter despite the significant impacts of Hurricanes Debby, Francine, and Helene in August and September. We are pleased with our family of
CPI to Acquire Lone Star Paving in Austin, Texas for $654 Million in Cash and 3 Million Shares Transaction to be Immediately Accretive to Earnings upon Closing Expected in Q1FY25 Transformational Transaction Expected to Significantly Accelerate CPI's ROAD-Map 2027 Goals Transaction Adds 10 Hot-Mix Asphalt Plants, Four Aggregate Facilities, and One Liquid Asphalt Terminal CPI to Host Conference Call Today at 9:00 AM Eastern DOTHAN, Ala., Oct. 21, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) ("CPI"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced that it has ent
Revenue Up 22.7% Compared to Q3 FY23 Net Income Up 42.4% Compared to Q3 FY23 Adjusted EBITDA Up 30.5% Compared to Q3 FY23 Record Backlog of $1.86 Billion Company Raises FY24 Outlook DOTHAN, Ala., Aug. 9, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today reported financial and operating results for its fiscal third quarter ended June 30, 2024. Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "We are pleased to report strong third quarter results representing substant
DOTHAN, Ala., July 8, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced that it will release its fiscal 2024 third quarter results on August 9, 2024, before the market opens. In addition, the Company has scheduled a conference call to discuss its results at 10:00 a.m. Eastern Time (9:00 a.m. Central Time) on that date. The conference call may be accessed by phone or webcast, as follows: By Phone: Dial (412) 902-0003 at least 10 minutes before the call. A replay will be available through August 16,
Q2 Revenue Up 14% Compared to Q2 FY23 Q2 Adjusted EBITDA Up 45% Compared to Q2 FY23 Record Backlog of $1.79 Billion Company Raises FY24 Outlook DOTHAN, Ala., May 10, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today reported financial and operating results for its fiscal second quarter ended March 31, 2024. Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "We are pleased to report a strong second quarter in the slowest winter quarter of our seasonal business, achievi
DOTHAN, Ala., April 9, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced that it will release its fiscal 2024 second quarter results on May 10, 2024, before the market opens. In addition, the Company has scheduled a conference call to discuss its results at 10:00 a.m. Eastern Time (9:00 a.m. Central Time) on that date. The conference call may be accessed by phone or webcast, as follows: By Phone: Dial (412) 902-0003 at least 10 minutes before the call. A replay will be available through May 1
Q1 Revenue up 16% Compared to Q1 FY23 Q1 Net Income of $9.8M & EPS of $0.19 Compared to $1.9M & $0.04 in Q1 FY23 Q1 Adjusted EBITDA Up 50% Compared to Q1 FY23 Company Reports Record Backlog of $1.62 Billion DOTHAN, Ala., Feb. 9, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today reported financial and operating results for its fiscal first quarter ended December 31, 2023. Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "We had a strong start to our fiscal year with s
DOTHAN, Ala., Jan. 16, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced that it will release its fiscal 2024 first quarter results on February 9, 2024, before the market opens. In addition, the Company has scheduled a conference call to discuss its results at 9:00 a.m. Central Time (10:00 a.m. Eastern Time) on that date. The conference call may be accessed by phone or webcast, as follows: By Phone: Dial (412) 902-0003 at least 10 minutes before the call. A replay will be available through February
FY23 Revenue Up 20%, Net Income Up 129%, Adjusted EBITDA Up 57%, Compared to FY22 Q4 Revenue up 21%, Net Income Up 136%, Adjusted EBITDA Up 76% Compared to Q4 FY22 Company Reports Record Backlog of $1.60 Billion DOTHAN, Ala., Nov. 29, 2023 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today reported financial and operating results for the fiscal quarter and fiscal year ended September 30, 2023. Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "We are pleased to report a rec
Record Quarterly Revenue Up 11%, Net Income Up 78%, & Adjusted EBITDA Up 50% Compared to Q3 FY2022 Company Updates FY2023 Outlook - Narrows Revenue Range and Raises Net Income & Adjusted EBITDA Ranges Record Backlog of $1.59 Billion DOTHAN, Ala., Aug. 2, 2023 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today reported financial and operating results for the fiscal quarter ended June 30, 2023. Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "We are pleased with our third qu
DOTHAN, Ala., Nov. 6, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways in local markets throughout the Sunbelt, today announced that members of the Company's management team are scheduled to meet with investors at the Baird 2024 Global Industrial Conference on November 13, 2024. The Company's "Fire Side Chat" discussion on November 13 at 4:05 p.m. Eastern Time/3:05 p.m. Central Time will be broadcast live over the internet and can be accessed via the Company's website at http://ir.constructionpartners.net/events-and-presentations. About C
Lone Star Paving Becomes Texas Platform Company Company Raises Fiscal 2025 Outlook to Reflect November Closing DOTHAN, Ala., Nov. 4, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways in local markets throughout the Sunbelt, today announced that it has completed its previously announced acquisition of Asphalt Inc., LLC d/b/a Lone Star Paving ("Lone Star"), a vertically integrated asphalt manufacturing and paving company operating in attractive high-growth markets in central Texas. Fred J. (Jule) Smith, III, CPI's President and Chief Executiv
DOTHAN, Ala., Oct. 21, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced preliminary financial results for fiscal year 2024 and introduced fiscal year 2025 outlook ranges. Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "Today we are announcing our preliminary fiscal 2024 financial results, reflecting a record fourth quarter despite the significant impacts of Hurricanes Debby, Francine, and Helene in August and September. We are pleased with our family of
CPI to Acquire Lone Star Paving in Austin, Texas for $654 Million in Cash and 3 Million Shares Transaction to be Immediately Accretive to Earnings upon Closing Expected in Q1FY25 Transformational Transaction Expected to Significantly Accelerate CPI's ROAD-Map 2027 Goals Transaction Adds 10 Hot-Mix Asphalt Plants, Four Aggregate Facilities, and One Liquid Asphalt Terminal CPI to Host Conference Call Today at 9:00 AM Eastern DOTHAN, Ala., Oct. 21, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) ("CPI"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced that it has ent
Company Expands into Mobile, Alabama DOTHAN, Ala., Sept. 10, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced that it has acquired John G. Walton Construction Company, Inc., headquartered in Mobile, Alabama. In connection with the transaction, the Company added a hot-mix asphalt plant and related crews and equipment serving the greater Mobile and southwestern Alabama market area. Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "We are pleased to announce today's a
Revenue Up 22.7% Compared to Q3 FY23 Net Income Up 42.4% Compared to Q3 FY23 Adjusted EBITDA Up 30.5% Compared to Q3 FY23 Record Backlog of $1.86 Billion Company Raises FY24 Outlook DOTHAN, Ala., Aug. 9, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today reported financial and operating results for its fiscal third quarter ended June 30, 2024. Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "We are pleased to report strong third quarter results representing substant
Company Expands into Columbus Metro Area DOTHAN, Ala., Aug. 1, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced that it has acquired Robinson Paving Company, headquartered in Columbus, Georgia. In connection with the transaction, the Company added three hot-mix asphalt plants and related crews and equipment located in Columbus and the surrounding area. Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "We are pleased to announce today's acquisition and to w
DOTHAN, Ala., July 8, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced that it will release its fiscal 2024 third quarter results on August 9, 2024, before the market opens. In addition, the Company has scheduled a conference call to discuss its results at 10:00 a.m. Eastern Time (9:00 a.m. Central Time) on that date. The conference call may be accessed by phone or webcast, as follows: By Phone: Dial (412) 902-0003 at least 10 minutes before the call. A replay will be available through August 16,
Company Adds Hot-Mix Asphalt Plant in Sandhills Area DOTHAN, Ala., June 3, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced that it has acquired Hudson Paving, Inc., headquartered in Rockingham, North Carolina. The transaction adds a hot-mix asphalt plant and related crews and equipment serving the Sandhills region of North Carolina. Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "This transaction is a model bolt-on acquisition for Fred Smith Company, ou
DOTHAN, Ala., May 23, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced that members of the Company's management team are scheduled to meet with investors at the Baird 2024 Global Consumer, Technology & Services Institutional Investors Conference on June 5, 2024. The Company's "Fire Side Chat" discussion on June 5 at 3:10 p.m. Eastern Time/2:10 p.m. Central Time will be broadcast live over the internet and can be accessed via the Company's website at http://ir.constructionpartners.net/events-and-present
Sidoti downgraded Construction Partners from Buy to Neutral and set a new price target of $59.00
Robert W. Baird downgraded Construction Partners from Outperform to Neutral and set a new price target of $50.00 from $46.00 previously
Raymond James resumed coverage of Construction Partners with a rating of Strong Buy and set a new price target of $35.00 from $25.00 previously
Sidoti initiated coverage of Construction Partners with a rating of Buy
Raymond James upgraded Construction Partners from Outperform to Strong Buy and set a new price target of $25.00 from $30.00 previously
raymond james reiterated coverage of Construction Partners with a rating of Outperform and set a new price target of $30.00 from $35.00 previously
BofA Securities upgraded Construction Partners from Neutral to Buy and set a new price target of $34.00 from $40.00 previously
B of A Securities downgraded Construction Partners from Buy to Neutral and set a new price target of $43.00 from $37.00 previously
Raymond James reiterated coverage of Construction Partners with a rating of Outperform and set a new price target of $35.00 from $34.00 previously
Raymond James reiterated coverage of Construction Partners with a rating of Market Outperform and set a new price target of $35.00 from $34.00 previously
Construction Partners (NASDAQ:ROAD) has outperformed the market over the past 5 years by 19.93% on an annualized basis producing an average annual return of 33.52%. Currently, Construction Partners has a market capitalization of $3.03 billion. Buying $1000 In ROAD: If an investor had bought $1000 of ROAD stock 5 years ago, it would be worth $4,252.92 today based on a price of $57.36 for ROAD at the time of writing. Construction Partners's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benz
Construction Partners's (NYSE:ROAD) short percent of float has risen 15.79% since its last report. The company recently reported that it has 2.01 million shares sold short, which is 5.5% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.96 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short i
Construction Partners's (NYSE:ROAD) short percent of float has risen 7.22% since its last report. The company recently reported that it has 1.74 million shares sold short, which is 4.75% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.87 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short i
As of May 28, 2024, five stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. FREYR Battery, Inc. (NYSE:FREY) On May 22, FREYR Battery announced that it completed its firs
Baird analyst Andrew Wittmann maintains Construction Partners (NASDAQ:ROAD) with a Neutral and raises the price target from $50 to $60.
A worse-than-expected University of Michigan’s May consumer report halted stock gains on Friday, sparking worries about a potential decline in consumer health amid perceived rising price pressures. The report disclosed that both near-term and long-term inflation expectations have surged beyond projections this month, causing the broader consumer gauge to hit its lowest levels in six months. “If spending slows down and inflation increases, we'll get the opposite of the Goldilocks scenario that many were hoping for, and the Fed will be in an especially difficult position of choosing between accommodating a slowing economy and fighting increasing inflation expectations,” said Chris Zaccar
Construction Partners (NASDAQ:ROAD) reported quarterly losses of $(0.02) per share which beat the analyst consensus estimate of $(0.03) by 33.33 percent. The company reported quarterly sales of $371.400 which missed the analyst consensus estimate of $366.054 million by 100.00 percent. This is a 100.00 percent decrease over sales of $324.850 million the same period last year.