Construction Partners: Road Construction Specialist with Significant Growth Potential
There are over 4.4 million kilometers of paved roads in the U.S.
Baird expects higher margins from the recent major acquisitions in Texas and Tennessee
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Among growth stocks, Construction Partners (ROAD) has significant growth potential in my opinion. The road construction specialist has competitive advantages due to its local presence in the southeastern United States and can cover the entire value chain from materials procurement to actual construction thanks to its 119 production facilities. The largest revenues come from public projects, which also provide stability in the struggling residential construction market. 94% of paved roads are asphalted and need maintenance every 10 years on...
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