ROAD - ROAD

Construction Partners Stock (NASDAQ: ROAD)

Construction Partners Stock (NASDAQ:ROAD), Trade Ideas

Construction Partners

Construction Partners Inc operates as an infrastructure and road construction company. It provides construction products and services to the public and private sectors. Its services cover the construction of highways, roads, bridges, airports, and commercial and residential sites. The company provides site development, paving, utility and drainage systems, as well as supplies hot mix asphalt.

Earnings

News

Price Target

Markets

Analyst Ratings

Trading Ideas

ROAD

Construction Partners, Inc.  (NASDAQ: ROAD) reported better-than-expected first-quarter financial results on Friday.

Construction Partners Analysts Raise Their Forecasts After Q1 Results

Small Cap

Pre-Market Outlook

NRDS

RIVN

TEVA

URBN

UTHR

VIAV

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

Teva Pharmaceutical To Rally Around 58%? Here Are 10 Top Analyst Forecasts For Monday

Congress.Trading.Shutterstock

Politics

AAPL

ANET

BAYRY

FWONK

GOOG

GOOGL

KRUZ

MSFT

NANC

NFLX

NVDA

PYPL

QCOM

TCMD

One of the hottest topics among members of Congress and investors has been the stock and options trading activity by several politicians.

Top Stocks, Sectors Loved By Congress Members Who Traded In 2023: Apple, NVIDIA, Microsoft, Ford And More Stocks To Watch In 2024

Construction Partners, Inc. - Common Stock

Construction Partners Inc

ROAD KING INFRS UNSP/ADR by Road King Infrastructure Ltd.

ROAD MARSHALL INC by Road Marshall Inc

ROAD INFRASTRUCTURE by Road King Infrastructure Ltd.

Road King Infrastructure Ltd

ROADRUNNER TRANS SYS INC by Roadrunner Transportation Systems, Inc.

Roadrunner Transportation Systems Inc

Roadside Real Estate plc

Roadzen Inc

Microsoft Sees FY24 Productivity And Business Processes Revenue $19.9B-$20.2B; Intelligent Cloud Revenue $28.4B-$28.7B; More Personal Computing Revenue $15.2B-$15.6B; Cost Of Revenue COGS Of $19.6B-$19.8B; Operating Expenses Of $17.15B-$17.25B; Effective Tax Rate ~18%

Guidance

Microsoft Sees FY24 Productivity And Business Processes Revenue $19.9B-$20.2B; Intelligent Cloud Revenue $28.4B-$28.7B; More Personal Computing Revenue $15.2B-$15.6B; Cost Of Revenue COGS Of $19.6B-$19.8B; Operating Expenses Of $17.15B-$17.25B; Effective Tax Rate ~18%

Citigroup analyst Anthony Pettinari maintains Packaging Corp of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>) with a Neutral and lowers the price target from $183 to $181.

Citigroup Maintains Neutral on Packaging Corp of America, Lowers Price Target to $181

Citigroup analyst Christopher Allen maintains Virtu Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRT#NASDAQ">VIRT</a>) with a Buy and raises the price target from $22.5 to $24.5.

VIRT

Citigroup Maintains Buy on Virtu Finl, Raises Price Target to $24.5

Citigroup analyst Thomas Palmer maintains Bunge Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BG#NYSE">BG</a>) with a Buy and raises the price target from $117 to $122.

Citigroup Maintains Buy on Bunge Global, Raises Price Target to $122

Citigroup analyst Fatima Boolani maintains Fastly (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSLY#NYSE">FSLY</a>) with a Neutral and lowers the price target from $20 to $15.

FSLY

Citigroup Maintains Neutral on Fastly, Lowers Price Target to $15

Citigroup analyst Fatima Boolani maintains Akamai Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) with a Neutral and lowers the price target from $140 to $117.

AKAM

Citigroup Maintains Neutral on Akamai Techs, Lowers Price Target to $117

Citigroup analyst Joanne Wuensch maintains Boston Scientific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSX#NYSE">BSX</a>) with a Buy and raises the price target from $79 to $85.

Citigroup Maintains Buy on Boston Scientific, Raises Price Target to $85

Citigroup analyst Patrick Cunningham maintains Sherwin-Williams (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) with a Buy and lowers the price target from $390 to $370.

Citigroup Maintains Buy on Sherwin-Williams, Lowers Price Target to $370

Citigroup analyst Jon Tower maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Buy and raises the price target from $3358 to $3369.

Citigroup Maintains Buy on Chipotle Mexican Grill, Raises Price Target to $3369

Citigroup analyst Jason Gursky maintains Boeing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) with a Buy and lowers the price target from $252 to $224.

Citigroup Maintains Buy on Boeing, Lowers Price Target to $224

Citigroup analyst Andrew Kaplowitz maintains GE Aero (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) with a Buy and raises the price target from $120.43 to $186.

Citigroup Maintains Buy on GE Aero, Raises Price Target to $186

Citigroup analyst Jason Gursky maintains General Dynamics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>) with a Buy and raises the price target from $300 to $320.

Citigroup Maintains Buy on General Dynamics, Raises Price Target to $320

Citigroup analyst Andrew Kaplowitz maintains Vertiv Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) with a Buy and raises the price target from $102 to $110.

Citigroup Maintains Buy on Vertiv Hldgs, Raises Price Target to $110

Citigroup analyst Atif Malik maintains Lam Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) with a Buy and raises the price target from $975 to $1025.

LRCX

Citigroup Maintains Buy on Lam Research, Raises Price Target to $1025

Citigroup analyst Ronald Josey maintains Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) with a Buy and lowers the price target from $590 to $550.

Citigroup Maintains Buy on Meta Platforms, Lowers Price Target to $550

Financial Institutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FISI#NASDAQ">FISI</a>) reported quarterly earnings of $0.11 per share which beat the analyst consensus estimate of $(0.02) by 650 percent. This is a 85.53 percent decrease over earnings of $0.76 per share from the same period last year. The company reported quarterly sales of $40.082 million which beat the analyst consensus estimate of $39.518 million by 1.43 percent. This is a 4.14 percent decrease over sales of $41.815 million the same period last year.

Earnings Beats

FISI

Financial Institutions Q1 2024 GAAP EPS $0.11 Beats $(0.02) Estimate, Sales $40.082M Beat $39.518M Estimate

NOV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOV#NYSE">NOV</a>) reported quarterly earnings of $0.30 per share which beat the analyst consensus estimate of $0.27 by 11.11 percent. This is a 6.25 percent decrease over earnings of $0.32 per share from the same period last year. The company reported quarterly sales of $2.15 billion which beat the analyst consensus estimate of $2.11 billion by 2.13 percent. This is a 9.84 percent increase over sales of $1.96 billion the same period last year.

NOV Q1 EPS $0.30 Beats $0.27 Estimate, Sales $2.15B Beat $2.11B Estimate

Microsoft Sees FY2025 Total Revenue Expected To Grow Double-digits; FY25 Capital Expenditures To Be Higher Than FY24;
FY25 Operating Margins Expected To Be Down ~1 Point -Conf Call

Grupo Televisa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TV#NYSE">TV</a>) reported quarterly earnings of $0.10 per share which beat the analyst consensus estimate of $(0.04) by 350 percent. This is a 242.86 percent increase over losses of $(0.07) per share from the same period last year. The company reported quarterly sales of $939.70 million which missed the analyst consensus estimate of $993.28 million by 5.39 percent. This is a 5.27 percent decrease over sales of $992.02 million the same period last year.

Grupo Televisa Q1 EPS $0.10 Beats $(0.04) Estimate, Sales $939.70M Miss $993.28M Estimate

Australian multinational miner&nbsp;<a href="https://www.benzinga.com/quote/BHP">BHP Group</a>'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>) nearly $40 billion bid for rival Anglo American (OTC:&nbsp;NGLOY) may not be enough to acquire the company as other diversified miners will probably make rival bids amid the global scramble for copper assets.
After completing a $6.4 billion takeover of Australian copper producer&nbsp;OZ Minerals&nbsp;last year, BHP is doubling down on the red metal amid widespread expectations that demand will greatly increase in coming years as the global economy transitions from fossil fuels. 
Solar and wind farms and electric vehicles require more copper than traditional utilities and internal combustion engine automobiles.
"This is the latest move to consolidate in industrial metals driven by a scramble for copper and other metals central to the world&#8217;s clean energy movement,"&nbsp;Sean Casterline, founder of the investment consulting firm&nbsp;Delta Capital Management, told Benzinga.
BHP, already the world's biggest mining company, is currently the third-largest copper producer behind Chile's state-run&nbsp;Codelco&nbsp;and U.S.-based heavyweight&nbsp;Freeport-McMoRan Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>). A combination with Anglo American would push BHP to the pole position.&nbsp;&nbsp;
"In our view, the copper assets are the primary driver of a proposed transaction,"&nbsp;RBC Capital Markets analysts said.&nbsp;
<h1 class="wp-block-heading">Rival Bids Seem Likely</h1>
BHP said it offered 25.08 pounds ($32.27) a share for London-based Anglo American, which said it is reviewing the proposal. The all-share deal values Anglo American at GBP 31.1 billion ($38.9 billion) and is contingent on the U.K. company spinning off its shareholdings in Anglo American Platinum Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ANGPY#OTC">ANGPY</a>) and Kumba Iron Ore Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/KIROY#OTC">KIROY</a>), which are both listed in South Africa.
The proposal represents a nearly 14% premium for Anglo American's London-listed shares and a 31% premium without the platinum and iron ore units.
Analysts said that probably isn't enough.
Also Read: <a href="https://www.benzinga.com/markets/asia/24/04/38090219/will-copper-reach-10-000-an-essential-metal-that-faces-an-uncertain-future">Will Copper Reach $10,000? &#8216;An Essential Metal That Faces An Uncertain Future&#8217;</a>
Anglo American's shares have been so beaten down recently that its board and shareholders probably see BHP's bid as undervaluing the company, including copper assets in Chile and Peru, where BHP also has copper operations. Anglo American's shares have been suffering because of operational problems, a disappointing production outlook and a slump in diamond and platinum-group markets.
BHP's offer is "a timid and somewhat convoluted bid" that "won't be enough to draw either Anglo's board or its key shareholders," Liberum analyst Ben Davis said. After BHP's offer, he raised Anglo's price target to 27.50 pounds ($34.41), a near 25% bump from the stock&#8217;s closing price before the offer was officially made public.
Jefferies analysts went higher, saying a price of at least 28 pounds ($35.04) per share would be required for serious discussions between the companies, and a takeout price north of 30 pounds ($37.54) per share would be the outcome of a bidding war.
"If BHP does indeed continue to pursue this deal, we would be surprised if other bidders do not emerge," the company said. "Let the games begin."
The RBC Capital Markets analysts pegged diversified miner Glencore (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GLNCY#OTC">GLNCY</a>) as one logical bidder because of the potential advantages in combining the companies' copper assets. The company also listed Vale (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>) as a possibility because of the attractiveness of combining iron ore assets in Brazil. 
Davis pointed to diversified multinational miner&nbsp;Rio Tinto&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>) as his top pick for an interloper, although he noted the company has a reputation for preferring to build mines rather than buy them.
<h1 class="wp-block-heading">Gold Miners Expand Copper Holdings</h1>
One reason why copper acquisitions are attractive is that building new copper mines from scratch is expensive and time-consuming.
That's especially true in the U.S., where getting a permit is difficult, or in other jurisdictions such as Panama, where a court ruling recently forced the closure of a huge copper mine after local protests, said&nbsp;Jason Crawshaw, portfolio manager at&nbsp;Polaris Capital, which invests in copper miners&nbsp;Lundin Mining Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LUNMF#OTC">LUNMF</a>) and Antofagasta (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ANFGF#OTC">ANFGF</a>).
"There is a scramble for assets," he told Benzinga. "Everybody is always looking to get more exposure to copper."
Even gold miners have been interested in bulking up on copper assets.&nbsp;
Last year, U.S.-based gold mining major&nbsp;Newmont Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) bought Australian gold miner Newcrest Mining Ltd. for nearly $17 billion, adding nearly 50 billion pounds of copper reserves and resources in one fell swoop.
Meanwhile, Canada-headquartered rival&nbsp;Barrick Gold Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>) is spending nearly $2 billion to expand a copper mine in Zambia, targeting expanded plant production in 2028.&nbsp;
Investors looking for diverse exposure to copper producers can consider the&nbsp;Global X Copper Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COPX#NYSE">COPX</a>),&nbsp;Sprott Copper Miners ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COPP#NASDAQ">COPP</a>),&nbsp;Sprott Junior Copper Miners ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COPJ#NASDAQ">COPJ</a>)&nbsp;and&nbsp;iShares Copper and Metals Mining ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICOP#NASDAQ">ICOP</a>).
Now Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37924793/rising-copper-prices-portfolio-review-make-underperforming-anglo-american-stock-a-p">Rising Copper Prices, Portfolio Review Make Underperforming Anglo American Stock A Potential Bargain: Report (CORRECTED)</a>
Photo: Anglo American copper mine in Chile courtesy of Anglo American Flickr

Analyst Color

Sector ETFs

Commodities

ETFs

ANFGF

ANGPY

COPJ

COPP

COPX

GLNCY

GOLD

ICOP

KIROY

LUNMF

VALE

Copper Is A Hot Commodity: Bidding War for Anglo American May Emerge After BHP's 'Low Ball' Offer — 'Let The Games Begin'

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on SiteOne Landscape Supply (SITE – Research Report), Construc...

Analysts Offer Insights on Industrial Goods Companies: SiteOne Landscape Supply (SITE), Construction Partners (ROAD) and Generac Holdings (GNRC)

Construction Partners Inc (ROAD) is near the top in its industry group according to InvestorsObserver. ROAD gets an overall rating of 66. That means it scores higher than 66 percent of stocks. Construction Partners Inc gets a 81 rank in the Engineering and Construction industry. Engineering and Construction is number 13 ou

Does Construction Partners Inc (ROAD) Have What it Takes to be in Your Portfolio Thursday?

Construction Partners Inc (ROAD) is the highest overall rated company in the Engineering and Construction industry with an overall score of 84. ROAD is up 58.63% so far this year after the company closed yesterday at $46.86.  The overall score measures the company's performance based-off both short and long term indicators

Is Construction Partners Inc (ROAD) Stock Near the Top of the Engineering & Construction Industry?

Construction Partners Inc (ROAD) leads the Engineering and Construction industry with an overall score of 84. ROAD is up 72.20% so far this year after the company closed yesterday at $47.13.  The overall score measures the company's performance based-off both short and long term indicators and means that ROAD scores better

Construction Partners Inc (ROAD) Is the Top Stock in the Engineering & Construction Industry?

Construction Partners Inc (ROAD) is the highest overall rated company in the Engineering and Construction industry with an overall score of 80. ROAD is up 70.87% so far this year after the company closed yesterday at $46.7.  The overall score measures the company's performance based-off both short and long term indicators

Where Does Construction Partners Inc (ROAD) Stock Fall in the Engineering & Construction Field?

Construction Partners Inc (ROAD) leads the Engineering and Construction industry with an overall score of 82. ROAD is up 74.48% so far this year after the company closed yesterday at $47.79.  The overall score measures the company's performance based-off both short and long term indicators and means that ROAD scores better

Construction Partners Inc (ROAD) is the highest overall rated company in the Engineering and Construction industry with an overall score of 81. ROAD is up 75.28% so far this year after the company closed yesterday at $48.08.  The overall score measures the company's performance based-off both short and long term indicators

Is Construction Partners Inc (ROAD) the Top Pick in the Engineering & Construction Industry?

Citigroup, Construction Partners, Datadog and Nvidia are BofA's bull stocks

Construction Partners Inc (ROAD) has provided an update. At the Annual Meeting on March 20, 2024, with a 96.9% representation of voting power, shar...

Construction Partners Inc Shareholders Shape Governance and Future

DJT, BGFV and REAL are among after hour movers

AXTI

BGFV

BMEA

DDOG

GNRC

MCBC

PSTX

REAL

RNAC

SITE

TPIC

Press Releases

Construction Partners, Inc. Completes South Carolina Acquisition

Construction Partners, Inc. Announces Preliminary Fiscal 2023 Financial Results

Construction Partners, Inc. Announces Fiscal 2023 Fourth Quarter and Year-End Results

Events

Sidoti Events, LLC's Virtual December Small-Cap Conference

Construction Partners, Inc. Completes Acquisitions in Alabama and Georgia

Construction Partners, Inc. Announces Schedule for Fiscal 2024 First Quarter Earnings Release and Conference Call

Construction Partners, Inc. Announces Fiscal 2024 First Quarter Results

Construction Partners, Inc. to Participate in the Raymond James Institutional Investors Conference

Wiregrass Construction Company, Inc. Announces Planned Management Transition

Construction Partners, Inc. Announces Schedule for Fiscal 2024 Second Quarter Earnings Release and Conference Call

CLMB

IIIN

IMAX

NATR

NSIT

PAPL

RYAM

TETAA

Arcosa

AECOM

Argan

Ameresco

APi Gr

Concrete Pumping Holdings, Inc. - Common Stock

Concrete Pumping Holdings

Bowman Consulting Group Ltd. - Common Stock

Bowman Consulting Group

Cadeler A/S American Depositary Share (each representing four (4) Ordinary Shares)