Construction Partners ( (ROAD) ) just unveiled an update.
On May 1, 2025, Construction Partners, Inc. announced the acquisition of PRI of East Tennessee, Inc. and Pavement Restorations, Inc., expanding its infrastructure business in Tennessee. This acquisition adds a hot-mix asphalt plant and a specialized pavement preservation business to its operations, enhancing its market presence in Tennessee from Knoxville to the Memphis metro area. The move is expected to leverage the expertise of PRI’s management team and capitalize on Tennessee’s economic growth and transportation funding, positioning Construction Partners as a leader in the pavement preservation industry.
Spark’s Take on ROAD Stock
According to Spark, TipRanks’ AI Analyst, ROAD is a Outperform.
Construction Partners shows strong financial performance, driven by robust revenue growth and effective cash flow management. The positive earnings call highlighted strategic acquisitions and a strong project backlog, which support future growth prospects. However, the high P/E ratio suggests the stock is currently overvalued, which may limit near-term upside potential. Technical indicators suggest moderate upward momentum, tempered by potential resistance.
To see Spark’s full report on ROAD stock, click here.
More about Construction Partners
Construction Partners, Inc. is a vertically integrated civil infrastructure company operating in local markets throughout the Sunbelt, including Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee, and Texas. The company focuses on the construction, repair, and maintenance of surface infrastructure, supported by its hot-mix asphalt plants, aggregate facilities, and liquid asphalt terminals. Publicly funded projects, such as local and state roadways, interstate highways, airport runways, and bridges, constitute the majority of its business, alongside private sector projects like paving and sitework for office and industrial parks, shopping centers, local businesses, and residential developments.
YTD Price Performance: -6.47%
Average Trading Volume: 546,526
Technical Sentiment Signal: Strong Sell
Current Market Cap: $4.6B
See more insights into ROAD stock on TipRanks’ Stock Analysis page.