Construction Partners (NASDAQ:ROAD) Trading Up 6.9% After Strong Earnings

Construction Partners, Inc. (NASDAQ:ROAD) shares traded up 6.9% during mid-day trading on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $123.65 and last traded at $122.6350. 552,061 shares changed hands during mid-day trading, an increase of 22% from the average session volume of 452,357 shares. The stock had previously closed at $114.77.

The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. The company had revenue of $809.47 million during the quarter, compared to analysts’ expectations of $740.14 million. Construction Partners had a return on equity of 15.76% and a net margin of 3.99%.Construction Partners’s quarterly revenue was up 44.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS.

Construction Partners News Summary

Here are the key news stories impacting Construction Partners this week:

• Positive Sentiment: Q1 results beat expectations: revenue $809.5M (+44% YoY) and EPS $0.47 vs. consensus $0.31 — a clear operational upside that supports revenue growth thesis. Construction Partners, Inc. Announces Fiscal 2026 First Quarter Results
• Positive Sentiment: Company raised FY26 outlook and reported a record backlog of $3.09B, with adjusted net income and adjusted EBITDA up significantly — signals stronger near-term revenue visibility and backlog-fueled growth. Construction Partners, Inc. Announces Fiscal 2026 First Quarter Results
• Positive Sentiment: Street commentary highlights the beats and momentum (multiple outlets flag strong sales and upside vs. estimates), which can support near-term sentiment and analyst revisions. Construction Partners (ROAD) Q1 Earnings and Revenues Top Estimates
• Neutral Sentiment: Management commentary from the earnings call provides detail on margin drivers, backlog conversion and execution across Sunbelt markets — worth listening for guidance granularity and wins/losses by geography. Construction Partners, Inc. (ROAD) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Analyst estimates and previews anticipated robust results; company reiterated FY26 revenue range (~$3.5–3.6B) but left some EPS detail unclear in early releases — monitor updated guidance/firm EPS targets for conviction. Construction Partners Q1 2026 earnings preview
• Negative Sentiment: Valuation and leverage could limit upside: the stock trades at a high P/E (~69x) and the company has a meaningful debt-to-equity ratio (~1.7), which raises sensitivity to margins and interest costs. Construction Partners Stock Profile
• Negative Sentiment: Despite beats, the share price pulled back today on heavy volume — likely profit-taking and rotation after the rally; investors should watch subsequent guidance detail, margin outlook, and backlog conversion pace to judge sustainability. Construction Partners’s (NASDAQ:ROAD) Q4 CY2025: Strong Sales

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ROAD. B. Riley Financial started coverage on shares of Construction Partners in a research report on Thursday, January 15th. They set a “neutral” rating and a $117.00 price objective for the company. DA Davidson boosted their target price on shares of Construction Partners from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Friday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Construction Partners in a research note on Monday, December 29th. Zacks Research upgraded Construction Partners from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 29th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $135.00 target price (up previously from $120.00) on shares of Construction Partners in a report on Tuesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $127.80.

Institutional Investors Weigh In On Construction Partners

A number of large investors have recently made changes to their positions in the stock. MAI Capital Management boosted its stake in Construction Partners by 21.7% during the third quarter. MAI Capital Management now owns 505 shares of the company’s stock worth $64,000 after buying an additional 90 shares during the last quarter. Handelsbanken Fonder AB boosted its position in shares of Construction Partners by 0.8% during the 2nd quarter. Handelsbanken Fonder AB now owns 12,000 shares of the company’s stock valued at $1,275,000 after acquiring an additional 100 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Construction Partners by 2.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,794 shares of the company’s stock valued at $510,000 after acquiring an additional 118 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Construction Partners by 10.7% in the third quarter. GAMMA Investing LLC now owns 1,288 shares of the company’s stock valued at $164,000 after purchasing an additional 124 shares during the period. Finally, Byrne Asset Management LLC increased its position in Construction Partners by 41.7% during the third quarter. Byrne Asset Management LLC now owns 425 shares of the company’s stock worth $54,000 after purchasing an additional 125 shares during the last quarter. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

Construction Partners Stock Down 0.5%

The company has a debt-to-equity ratio of 1.73, a current ratio of 1.61 and a quick ratio of 1.34. The business’s 50 day simple moving average is $111.68 and its 200 day simple moving average is $114.17. The company has a market capitalization of $7.18 billion, a PE ratio of 57.75, a P/E/G ratio of 1.20 and a beta of 0.87.

Construction Partners Company Profile

Construction Partners, Inc (NASDAQ: ROAD) is a specialty contractor and infrastructure solutions provider focused on road building, paving, site development and aggregate production. The company delivers a comprehensive suite of civil construction services, including roadway paving and milling, site grading and preparation, stormwater and utility installation, and full-scale asphalt plant operations. By integrating materials production with contracting capabilities, the firm aims to streamline project delivery and maintain quality control across its contracting and materials businesses.

At the heart of Construction Partners’ operations are its network of asphalt plants, quarries and aggregate production facilities.