Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Construction Partners Inc before investing.

In this article, we go over a few key elements for understanding Construction Partners Inc’s stock price such as:

• Construction Partners Inc’s current stock price and volume
• Why Construction Partners Inc’s stock price changed recently
• Upgrades and downgrades for ROAD from analysts
• ROAD’s stock price momentum as measured by its relative strength

About Construction Partners Inc (ROAD)

Before we jump into Construction Partners Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Construction Partners, Inc. is a civil infrastructure company operating across six southeastern states. It provides a range of products and services for both public and private infrastructure projects, which focuses on highways, roads, bridges, airports and commercial and residential developments. Its primary operations consist of manufacturing and distributing hot mix asphalt (HMA) for both 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, gravel and construction stone, that are used as raw materials in the production of HMA and for sales to third parties; and distributing liquid asphalt cement for both internal use and sales to third parties in connection with HMA production. It also focuses on HMA plant and related crews and equipment.

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Construction Partners Inc’s Stock Price as of Market Close

As of September 17, 2024, 4:00 PM, CST, Construction Partners Inc’s stock price was $71.29.

Construction Partners Inc is up 6.1% from its previous closing price of $67.19.

During the last market session, Construction Partners Inc’s stock traded between $64.52 and $67.21. Currently, there are 51.91 million shares of Construction Partners Inc stock available for purchase.

Construction Partners Inc’s price-earnings (P/E) ratio is currently at 50.2, which is high compared to the Construction & Engineering industry median of 25. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Construction Partners Inc Stock Price History

Construction Partners Inc’s (ROAD) price is currently up 8.05% so far this month.

During the month of September, Construction Partners Inc’s stock price has reached a high of $71.49 and a low of $56.52.

Over the last year, Construction Partners Inc has hit prices as high as $67.21 and as low as $34.21. Year to date, Construction Partners Inc’s stock is up 167.1%.

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What Caused Construction Partners Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 16, 2024, there were 6 analysts who downgraded Construction Partners Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Construction Partners Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Construction Partners Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Construction Partners Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Construction Partners Inc (ROAD) by visiting AAII Stock Evaluator.

Relative Price Strength of Construction Partners Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 16, 2024, Construction Partners Inc has a weighted four-quarter relative price strength of 10.94%, which translates to a Momentum Score of 87 and is considered to be Very Strong.

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Construction Partners Inc Stock Price: Bottom Line

As of September 17, 2024, Construction Partners Inc’s stock price is $71.29, which is up 6.1% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Construction Partners Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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