ROAD Stock Summary and Trading Ideas (Construction Partners | NASDAQ:ROAD)

Construction Partners Inc operates as a civil infrastructure company. It specializes in the construction and maintenance of roadways. The company through its subsidiaries, provides various products and services to both public and private infrastructure projects, with an emphasis on highways, roads, bridges, airports, and commercial and residential developments. Its operations consist of manufacturing and distributing hot mix asphalt, paving activities, including the construction of roadway base layers and application of asphalt pavement, site development, including the installation of utility and drainage systems, and others. The company has a single segment which predominantly consists of infrastructure and road construction, and operates across various states in the United States.

Construction Partners trades on the NASDAQ stock market under the symbol ROAD.

As of March 3, 2025, ROAD stock price declined to $69.96 with 215,814 million shares trading.

ROAD has a beta of 2.21, meaning it tends to be more sensitive to market movements. ROAD has a correlation of 0.36 to the broad based SPY ETF.

ROAD has a market cap of $3.91 billion. This is considered a Mid Cap stock.

Last quarter Construction Partners reported $562 million in Revenue and $.25 earnings per share. This beat revenue expectation by $44 million and exceeded earnings estimates by $.11.

In the last 3 years, ROAD traded as high as $103.69 and as low as $18.89.

The top ETF exchange traded funds that ROAD belongs to (by Net Assets): VTI, IWM, VXF, AIRR, VB.

ROAD has outperformed the market in the last year with a return of +46.4%, while the SPY ETF gained +17.1%. However, in the most recent history, ROAD shares have underperformed the stock market with its stock returning -30.8% in the last 3 month period and -9.8% for the last 2 week period, while SPY has returned -1.9% and -4.0%, respectively.

ROAD support price is $70.32 and resistance is $74.80 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ROAD shares will trade within this expected range on the day.