Construction Partners, Inc. is a vertically integrated civil infrastructure company operating across five southeastern states, with 48 hot-mix asphalt plants, nine aggregate facilities and one liquid asphalt terminal. Publicly funded projects make up the majority of its business and include local and state roadways, interstate highways, airport runways and bridges. The majority of the Company's public projects are maintenance-related. Private sector projects include paving and sitework for office and industrial parks, shopping centers, local businesses and residential developments.
Company profile
Ticker
ROAD
Exchange
Website
CEO
Charles Owens
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
C.W. Roberts Contracting, Incorporated • King Asphalt, Inc. • FSC II, LLC • The Scruggs Company • Wiregrass Construction Company, Inc. • Construction Partners Risk Management, Inc. • *FSC II, LLC ...
ROAD stock data
Analyst ratings and price targets
Current price
Average target
$35.00
Low target
$33.00
High target
$37.00
Stifel
Maintains
$33.00
Raymond James
Maintains
$37.00
Latest filings (excl ownership)
DEF 14A
Definitive proxy
24 Jan 23
PRE 14A
Preliminary proxy
9 Jan 23
8-K
Construction Partners, Inc. Completes North Carolina Acquisition
2 Dec 22
10-K
2022 FY
Annual report
22 Nov 22
8-K
Construction Partners, Inc. Announces Fiscal 2022
22 Nov 22
8-K
Departure of Directors or Certain Officers
9 Nov 22
8-K
Construction Partners, Inc. Provides Operational Update Following Hurricane Ian
4 Oct 22
10-Q
2022 Q3
Quarterly report
5 Aug 22
8-K
Construction Partners, Inc. Announces Fiscal 2022 Third Quarter Results
5 Aug 22
8-K
Construction Partners, Inc. Completes South Carolina Acquisition
1 Aug 22
Transcripts
ROAD
Earnings call transcript
2022 Q4
23 Nov 22
ROAD
Earnings call transcript
2022 Q3
5 Aug 22
ROAD
Earnings call transcript
2022 Q2
6 May 22
ROAD
Earnings call transcript
2022 Q1
4 Feb 22
ROAD
Earnings call transcript
2021 Q4
23 Nov 21
ROAD
Earnings call transcript
2021 Q2
6 Aug 21
ROAD
Earnings call transcript
2021 Q2
7 May 21
ROAD
Earnings call transcript
2021 Q1
5 Feb 21
ROAD
Earnings call transcript
2020 Q4
11 Dec 20
ROAD
Earnings call transcript
2020 Q3
7 Aug 20
Latest ownership filings
SC 13G/A
BlackRock Inc.
31 Jan 23
SC 13G/A
Conestoga Capital Advisors, LLC
18 Jan 23
4
John L Harper
11 Jan 23
4
John L Harper
19 Dec 22
4
Ned N Fleming III
9 Dec 22
4
John L Harper
6 Dec 22
4
John L Harper
4 Nov 22
4
Michael Brett Armstrong
4 Nov 22
4
Todd Keith Andrews
4 Nov 22
4
Fred Julius Smith III
4 Nov 22
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Revenue | |||||
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| Operating income | |||||
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| Net income | |||||
| Net profit margin | |||||
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Sep 22 | Sep 21 | Sep 20 | Sep 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 35.56 mm | 35.56 mm | 35.56 mm | 35.56 mm | 35.56 mm | 35.56 mm |
| Cash burn (monthly) | (no burn) | 1.81 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 7.63 mm | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | 27.93 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 15.4 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2022
91.9% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 147 |
| Opened positions | 27 |
| Closed positions | 15 |
| Increased positions | 45 |
| Reduced positions | 53 |
| 13F shares | Current |
|---|---|
| Total value | 1.00 bn |
| Total shares | 38.01 mm |
| Total puts | 9.40 k |
| Total calls | 300.00 |
| Total put/call ratio | 31.3 |
| Largest owners | Shares | Value |
|---|---|---|
| Conestoga Capital Advisors | 5.24 mm | $137.41 mm |
| Kayne Anderson Rudnick Investment Management | 4.52 mm | $118.68 mm |
| BLK Blackrock | 2.86 mm | $74.96 mm |
| Wasatch Advisors | 2.52 mm | $66.14 mm |
| IVZ Invesco | 2.18 mm | $57.16 mm |
| Vanguard | 2.04 mm | $53.50 mm |
| American Century Companies | 1.45 mm | $37.92 mm |
| Owens Charles E | 1.25 mm | $36.39 mm |
| FMR | 1.01 mm | $26.51 mm |
| Royce & Associates | 964.97 k | $25.31 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 19 Dec 22 | John L Harper | Class A Common Stock | Sell | Dispose S | No | No | 26.31 | 46,320 | 1.22 mm | 140,621 |
| 16 Dec 22 | John L Harper | Class A Common Stock | Sell | Dispose S | No | No | 26.39 | 25,000 | 659.75 k | 186,941 |
| 15 Dec 22 | John L Harper | Class A Common Stock | Sell | Dispose S | No | No | 27.76 | 11,000 | 305.36 k | 211,941 |
| 7 Dec 22 | SunTx Capital Management | Class B Common Stock Class A Common Stock | Other | Dispose J | Yes | No | 0 | 104,760 | 0.00 | 310,320 |
| 5 Dec 22 | John L Harper | Class A Common Stock | Sell | Dispose S | No | No | 28.46 | 31,500 | 896.49 k | 222,941 |
| 4 Nov 22 | Flowers Robert P. | Class A Common Stock | Payment of exercise | Dispose F | No | No | 26.23 | 268 | 7.03 k | 63,367 |
| 3 Nov 22 | Gregory A Hoffman | Class A Common Stock | Grant | Acquire A | No | No | 0 | 3,517 | 0.00 | 39,770 |
| 3 Nov 22 | Flowers Robert P. | Class A Common Stock | Grant | Acquire A | No | No | 0 | 4,810 | 0.00 | 63,635 |
News
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29 Dec 22
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19 Dec 22
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