Construction Partners Inc Stock Hits All Time High Of $103.03 From Investing.com

Construction Partners Inc (NASDAQ: ROAD), a civil infrastructure company, has reached a new milestone: its stock price has risen to an all-time high of $103.03. According to data from InvestingPro, the company’s market capitalization now stands at $5.7 billion, with the stock trading near its 52-week high of $102.57. This peak reflects a significant increase in market value, which has increased by 143.09% over the last twelve months. The company reported strong revenue growth of 16.7% during this period, reaching total revenue of $1.8 billion.

InvestingPro’s analysis suggests the stock is currently trading above its fair value. Several ProTips point to elevated valuation metrics, including a price-to-earnings (P/E) ratio of 76. Investors seeking deeper insights into Construction Partners’ valuation and growth prospects can access the comprehensive Pro Research Report and 19 additional ProTips exclusively InvestingPro access.

The impressive development of the last twelve months underlines the robust growth momentum of Construction Partners. Investors are showing increasing confidence in the company’s performance and future prospects in the construction sector. The all-time high represents the culmination of continued positive development as the company continues to expand its operations and secure new orders.

In other recent news, Construction Partners Inc. reported a record year for fiscal 2024. Revenue rose 17% to $1.82 billion, while net income rose 41% to $68.9 million. Calculated EBITDA (earnings from interest, taxes, depreciation and amortization) also saw a significant increase of 28% to $220.6 million. The acquisition of Lone Star Paving played a transformative role in the company’s strategy, strengthening its presence in Texas and helping to improve EBITDA margins. Additionally, the company completed eight acquisitions in fiscal 2024, further expanding market share in the Sunbelt states.

Looking ahead, the company expects robust demand in the commercial and public markets, supported by the Infrastructure Investment and Jobs Act. For fiscal year 2025, Construction Partners forecasts revenue to increase to $2.48 billion to $2.58 billion and adjusted EBITDA to range between $347 million and $377 million.

Meanwhile, DA Davidson raised its price target on Construction Partners from $75 to $95 while maintaining a neutral rating. This adjustment reflects the positive impact of the Lone Star Paving acquisition and an optimistic outlook for the company’s future. The firm’s analyst highlighted improving margins, driven by the Lone Star integration, as well as healthy growth in orders and backlog.

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