Construction Partners, Inc. $ROAD Shares Sold by Nicholas Company Inc.

Nicholas Company Inc. lessened its position in shares of Construction Partners, Inc. (NASDAQ:ROAD) by 9.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 33,763 shares of the company’s stock after selling 3,615 shares during the period. Nicholas Company Inc.’s holdings in Construction Partners were worth $3,665,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. TD Waterhouse Canada Inc. acquired a new position in shares of Construction Partners during the 3rd quarter worth $25,000. AlphaQuest LLC raised its stake in shares of Construction Partners by 292.5% during the 3rd quarter. AlphaQuest LLC now owns 208 shares of the company’s stock worth $26,000 after buying an additional 155 shares during the last quarter. Morse Asset Management Inc raised its stake in Construction Partners by 300.0% in the 3rd quarter. Morse Asset Management Inc now owns 240 shares of the company’s stock valued at $30,000 after purchasing an additional 180 shares during the last quarter. Danske Bank A S acquired a new position in Construction Partners in the 3rd quarter valued at about $38,000. Finally, Quarry LP acquired a new position in Construction Partners in the 3rd quarter valued at about $42,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Construction Partners Price Performance

ROAD opened at $140.48 on Monday. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.59 and a quick ratio of 1.26. The stock has a market capitalization of $7.94 billion, a price-to-earnings ratio of 61.61, a price-to-earnings-growth ratio of 1.25 and a beta of 0.92. The business has a 50-day moving average of $119.17 and a two-hundred day moving average of $115.97. Construction Partners, Inc. has a 12 month low of $91.72 and a 12 month high of $151.00.

Construction Partners (NASDAQ:ROAD) last posted its quarterly earnings results on Friday, May 8th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.23. The company had revenue of $769.20 million during the quarter, compared to analysts’ expectations of $678.46 million. Construction Partners had a return on equity of 15.50% and a net margin of 3.90%.The firm’s revenue was up 34.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.08 EPS. On average, research analysts expect that Construction Partners, Inc. will post 2.87 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Robert W. Baird set a $142.00 target price on shares of Construction Partners in a research note on Friday, February 6th. Zacks Research downgraded shares of Construction Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. B. Riley Financial raised shares of Construction Partners from a “neutral” rating to a “buy” rating and boosted their target price for the company from $117.00 to $135.00 in a research note on Thursday, April 2nd. Raymond James Financial reissued a “strong-buy” rating and issued a $140.00 target price on shares of Construction Partners in a research note on Monday, April 27th. Finally, Weiss Ratings raised shares of Construction Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $132.40.

More Construction Partners News

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

• Positive Sentiment: The company beat expectations with adjusted EPS of $0.18 versus a loss estimate, while revenue of $769.2 million also topped forecasts; revenue rose 34.6% year over year, showing strong demand and execution. Earnings report and conference call
• Positive Sentiment: Construction Partners raised FY2026 revenue guidance to $3.6 billion-$3.7 billion, above the market’s $3.5 billion estimate, reinforcing expectations for continued growth. PR Newswire earnings release
• Positive Sentiment: The company cited record backlog of $3.14 billion, which suggests revenue visibility remains strong and supports the bullish reaction in the stock. PR Newswire earnings release
• Neutral Sentiment: Investors also reacted to the Q2 earnings call transcript, where management likely provided more detail on margins, backlog, and the updated fiscal 2026 outlook. Seeking Alpha transcript

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.