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TxDOT Updates on Rusk County Construction Projects

2024-11-29

In Henderson, a crew is set to repair edges on FM 13 between SH 42 and Loop 571. This will lead to lane closures with flaggers controlling traffic. Simultaneously, another crew will be milling asphalt on SH 42 from SH 323 to FM 13, also resulting in lane closures and flaggers in charge.

Construction Projects in Rusk County

US 84 – FM 225 East to CR 3155: This project involves reconstructing US 84, including extended structures, a hot mix asphalt surface, new signs, and striping. Crews will be extending cross culverts, and motorists should expect delays. The contractor is Drewery Construction Company, and the cost is $12.8 Million with an anticipated completion date of November 2025.FM 3231 – Subgrade and Seal coat: Reconstructing FM 3231 completely, this project includes widening and re-laying subgrade, flex base material, and seal coat. Driveway culverts will be upgraded along with new signs and striping. The contractor is Lone Star Equipment, with a cost of $15.9 Million and an anticipated completion date of January 2025. There will be lane closures with flaggers and a pilot car controlling traffic as the base material is processed in the main lanes.SH 315: From US 259 to the Panola County line, Madden Construction is working on this project with a cost of $13.5 Million and an anticipated completion date of October 2024.

Details of Henderson Maintenance

The maintenance work in Henderson focuses on widening pavement edges and creating a four-foot space between traffic lanes for safety. A passing lane will also be added in each direction. The entire surface will be milled, and new hot mix will be placed. Additionally, some driveway pipes, metal beam guard fence, and striping will be replaced. No work is scheduled this week.

FM 2658 Construction

Reconstructing FM 2658 completely from CR 344 to FM 1251, this project includes a new guard fence, treating subgrade, base material, seal coat, and striping. The contractor is Highway 19 Construction, with a cost of $9.6 Million and an anticipated completion date of July 2025. The south end of the project will see the milling off of old asphalt and mixing of subgrade. It will be a one-lane setup with flaggers and a pilot car controlling traffic.

US 79 Rehabilitation

Rehabilitating US 79 from the Cherokee County line to 1.3 miles east of SH 42, this project includes pavement repair, seal coat, asphalt surface, driveway culverts, and pavement markings. This week, the contractor, Reynolds and Kay, LTD, is scheduled to clear the right of way, and motorists should expect delays with flaggers controlling traffic.

US 79 N Repair

Repairing slope failure in the TxDOT right of way from CR 344 to CR 333, this project involves excavating the site and placing a new embankment. This week, Garrett Shields Construction will be placing the new embankment, and most of the work will be off the roadway. Motorists should expect shoulder closures and trucks entering the highway.

Investors are constantly on the lookout for growth stocks that can offer above-average returns. Construction Partners (ROAD) emerges as a prime example, with its potential to capture the market's attention and deliver exceptional financial results. However, the task of identifying such stocks is not without its challenges. In this article, we will explore the key factors that make Construction Partners a great growth pick and why it stands out in the current market.

Unlock the Potential of Growth Stocks with Construction Partners

Earnings Growth: The Driving Force

1: Earnings growth is undoubtedly the cornerstone of any growth investment. For Construction Partners, historical earnings growth of 7.4% provides a solid foundation. But it is the projected earnings growth of 47.6% this year that truly catches the eye. This significant growth rate not only surpasses the industry average of 9.1% but also indicates strong prospects for the company. Investors are drawn to such double-digit earnings growth as it often translates into substantial stock price gains. 2: The ability of Construction Partners to consistently grow its earnings showcases its financial strength and management's ability to navigate the market. This growth potential makes it an attractive option for those seeking long-term investment opportunities in the construction sector.

Cash Flow Growth: The Lifeblood of Growth

1: Cash is essential for any business, and for growth-oriented companies like Construction Partners, higher-than-average cash flow growth is crucial. Currently, the company's year-over-year cash flow growth stands at 27.2%, which is significantly higher than many of its peers and the industry average of 2.8%. This indicates that Construction Partners has the financial resources to undertake new projects without relying heavily on external funding. 2: By maintaining a healthy cash flow, the company can invest in expansion, upgrade its infrastructure, and stay ahead of the competition. The historical cash flow growth rate of 14.4% over the past 3-5 years further reinforces its ability to generate consistent cash flows and build a sustainable business.

Earnings Estimate Revisions: A Positive Trend

1: The trend in earnings estimate revisions is a key indicator of a stock's potential. For Construction Partners, there have been upward revisions in current-year earnings estimates, with the Zacks Consensus Estimate surging 10.6% over the past month. This positive trend suggests that analysts are becoming more optimistic about the company's future earnings prospects. 2: Such upward revisions often lead to increased investor confidence and can drive the stock price higher. Construction Partners' combination of a Growth Score of A and a Zacks Rank #2 due to positive earnings estimate revisions positions it as a potential outperformer in the market.Conclusion: Construction Partners (ROAD) presents a compelling case for growth investors. With its strong earnings growth, high cash flow growth, and positive earnings estimate revisions, the company has the potential to deliver exceptional returns. By considering these key factors, investors can make informed decisions and add Construction Partners to their portfolio for long-term growth.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.This combination indicates that Construction Partners is a potential outperformer and a solid choice for growth investors.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportConstruction Partners, Inc. (ROAD) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Union Street in downtown Concord, once a desolate expanse of dirt and construction equipment, has now undergone a remarkable transformation. This change holds great significance for the local business owners who have been grappling with financial hardships during the construction period. Edney Holder, the owner of The Enchanted Kitchen, shares his story of losing a significant amount of money and having to fund the store himself. Many business owners along Union Street have faced similar challenges as most storefronts were inaccessible for months due to the development work. However, the construction is now complete, with workers busy installing curbs and foundations for light poles. The final lift of asphalt has been laid from Courthouse Plaza to Corban Avenue. Business owners are now focused on making up for the profits they missed on Black Friday and Small Business Saturday. Holder hopes to see a full store the following day. The city of Concord and the business owners are prioritizing Small Business Saturday, offering multiple deals and discounts to attract shoppers. Holder also expressed relief as the store is now able to cover its bills. As for the street itself, most of the underground infrastructure work, including stormwater and sewer work, is finished. Surface-level work like sidewalks and curbing is largely completed as well. The only task left is to restore the businesses in the area to their former glory. Holder remains hopeful. A trolley will be available on Saturday to take residents on a shopping spree through the Concord area.

"Concord's Union Street Reborn: A Tale of Resilience and Recovery"

Construction Challenges and Their Impact

Not long ago, Union Street was a construction site filled with dirt and equipment, causing great inconvenience for the local businesses. Many storefronts were inaccessible for months, leading to significant financial losses for the owners. Edney Holder's story is just one example of the hardships faced during this period. The lack of access to the stores meant that customers couldn't reach them, and business operations came to a standstill. This had a ripple effect on the local economy, as these businesses are an integral part of the community.

However, with the completion of the construction work, there is a glimmer of hope. The installation of curbs and foundations for light poles, along with the final lift of asphalt, has transformed the street. This not only makes it more accessible for both pedestrians and drivers but also gives the area a more polished and inviting look. Business owners are now looking forward to a brighter future as they strive to make up for the lost profits.

Focus on Small Business Saturday

The city of Concord and the business owners have made a concerted effort to prioritize Small Business Saturday. This special day is seen as an opportunity to boost sales and bring back customers who may have been hesitant to visit during the construction period. Multiple deals and discounts are available, enticing shoppers to explore the local stores. Holder believes that this focus on Small Business Saturday is crucial for the recovery of the area. It provides a much-needed boost to the businesses and helps them regain their footing.

The availability of a trolley to take residents to shop at small businesses throughout the Concord area on Saturday is an added incentive. It makes it easier for people to visit multiple stores and support the local economy. This initiative shows the community's commitment to helping the businesses recover and thrive.

Completion of Infrastructure and Surface Work

Most of the underground infrastructure work, including stormwater and sewer work, has been successfully completed. This ensures the long-term sustainability and functionality of the area. The surface-level work, such as sidewalks and curbing, is also largely finished, adding to the aesthetic appeal of Union Street.

The attention to detail in these finishing touches is evident, and it gives the area a more polished and professional look. The only remaining task is to restore the businesses to their former glory. This involves bringing back the unique charm and character that made these stores popular in the first place.

Business owners are excited about the future and are working hard to make their stores stand out. They are investing in new inventory, improving their storefronts, and offering exceptional customer service. With the completion of the construction and the focus on Small Business Saturday, there is a sense of optimism in the air.