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Here is Why Construction Partners (ROAD) is One of the Best Construction & Engineering Names to Invest in

Construction Partners Inc. (NASDAQ:ROAD) is one of the 8 best construction & engineering stocks to buy according to Wall Street.

On April 2, B. Riley upgraded the rating from Neutral to Buy for Construction Partners Inc. (NASDAQ:ROAD) while significantly increasing the price target from $117 to $135. The firm noted that the recent 20% stock selloff caused by concerns around crude oil prices has resulted in attractive entry points for investors.

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It is of the view that the company’s shares are actively pricing in cost pressures, with the impact hardly limited to $12 million of temporary EBITDA absorption within a pass-through business model. Furthermore, sources from the industry have indicated that the upcoming Surface Transportation bill is expected to be between $500 and $600 billion.

On April 1, Construction Partners Inc. (NASDAQ:ROAD) announced the completion of its acquisition of Four Star Paving LLC, a commercial paving contractor serving the Nashville, Tennessee metropolitan area. The acquisition further builds on Construction Partners’ footprint in middle Tennessee via its platform company, Pavement Restorations Inc.

Four Star has been in business for over 20 years, offering asphalt paving and construction-related services to municipalities, industries, and businesses. President and Chief Executive Fred J. Smith stated that Four Star was a long-standing customer of Construction Partners’ three Nashville-area plants prior to the acquisition. This brings much-needed construction capability, especially with the continued rapid growth of the population in the Nashville metro area.

Smith also expressed delight at the Four Star management team consisting of Robert Loudermilk, Brock Lodge, and Clint Hensley joining the Construction Partners family of companies. This deal further strengthens Construction Partners’ vertical integration approach within its Sunbelt operations in Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee, and Texas.

Construction Partners Inc. (NASDAQ:ROAD) is engaged in building and maintaining roadways. It provides goods and services for infrastructure projects for commercial and residential purposes. It is also involved in producing and selling hot mix asphalt and liquid asphalt cement. Additionally, it offers site development, installation of drainage systems, and mining aggregates.

While we acknowledge the risk and potential of ROAD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ROAD and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.

Disclosure: None. Follow Insider Monkey on Google News.

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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