5 Best Civil Engineering Stocks to Buy for Smart City Projects

2. Construction Partners, Inc. (NASDAQ:ROAD)

Upside Potential: 35.66%

Construction Partners, Inc. (NASDAQ:ROAD) attracted fresh analyst attention on June 3 when Truist initiated coverage of the stock with a Hold rating and a $130 price target. The firm described Construction Partners as a leading road-paving consolidator benefiting from solid organic growth, driven by strong highway funding and its strategic concentration in the rapidly expanding Southeastern United States. While Truist cited recent share-price outperformance and asphalt cost inflation as reasons for a more cautious stance, the firm acknowledged the company’s favorable positioning within the infrastructure construction market.

Earlier, on May 11, Baird analyst Andrew Wittmann raised the firm’s price target on Construction Partners, Inc. (NASDAQ:ROAD) to $169 from $129 and reiterated an Outperform rating. The significant increase reflects confidence in the company’s growth strategy, acquisition-driven expansion, and ability to capitalize on sustained public-sector infrastructure spending. Baird’s bullish outlook suggests that Construction Partners continues to benefit from favorable industry fundamentals and strong demand for road construction and maintenance services throughout its operating regions.

Construction Partners, Inc. (NASDAQ:ROAD) is a vertically integrated civil infrastructure company headquartered in Dothan, Alabama, and was founded in 1999. Ranking second among the best civil engineering stocks to buy for smart city projects, it focuses on the construction and maintenance of highways, roads, bridges, airport runways, and other transportation-related infrastructure.

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