Construction Partners, Inc. $ROAD Shares Sold by Royal Bank of Canada

Royal Bank of Canada lowered its holdings in shares of Construction Partners, Inc. (NASDAQ:ROAD) by 4.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,895 shares of the company’s stock after selling 4,335 shares during the period. Royal Bank of Canada owned 0.18% of Construction Partners worth $11,212,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ROAD. NFSG Corp increased its stake in Construction Partners by 8.7% in the first quarter. NFSG Corp now owns 1,251 shares of the company’s stock valued at $139,000 after purchasing an additional 100 shares during the period. ANB Bank raised its holdings in shares of Construction Partners by 3.4% in the first quarter. ANB Bank now owns 4,258 shares of the company’s stock valued at $473,000 after buying an additional 140 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Construction Partners by 0.6% during the first quarter. The Manufacturers Life Insurance Company now owns 23,151 shares of the company’s stock worth $2,573,000 after buying an additional 149 shares during the period. &PARTNERS boosted its stake in shares of Construction Partners by 2.5% during the fourth quarter. &PARTNERS now owns 6,899 shares of the company’s stock worth $749,000 after buying an additional 167 shares during the period. Finally, Morse Asset Management Inc grew its holdings in shares of Construction Partners by 300.0% during the third quarter. Morse Asset Management Inc now owns 240 shares of the company’s stock worth $30,000 after buying an additional 180 shares during the last quarter. 94.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ROAD has been the topic of several recent research reports. Raymond James Financial dropped their price target on Construction Partners from $161.00 to $150.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, July 15th. Weiss Ratings downgraded Construction Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Zacks Research downgraded Construction Partners from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 16th. Truist Financial assumed coverage on Construction Partners in a report on Wednesday, June 3rd. They issued a “hold” rating and a $130.00 target price on the stock. Finally, Robert W. Baird cut their price target on Construction Partners from $169.00 to $145.00 and set an “outperform” rating for the company in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $134.17.

Key Headlines Impacting Construction Partners

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

• Positive Sentiment: Quarterly earnings and revenue exceeded expectations. Fiscal Q3 EPS was $1.08, above analyst estimates ranging from $1.01 to $1.06 and up from $0.81 a year earlier. Revenue reached $999.4 million, surpassing expectations of approximately $948.8 million and increasing 28.2% year over year. Construction Partners Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Profitability improved materially. Adjusted net income rose 34% from the prior-year quarter, while adjusted EBITDA increased 24%, suggesting that revenue growth is translating into stronger operating performance. Construction Partners Fiscal 2026 Third Quarter Results
• Positive Sentiment: Backlog reached a record $3.36 billion. The backlog provides visibility into future work and supports the investment case for continued growth in upcoming quarters. Construction Partners Fiscal 2026 Third Quarter Results
• Positive Sentiment: Management raised fiscal 2026 revenue guidance to $3.6 billion-$3.7 billion, with the range slightly above the roughly $3.6 billion analyst consensus. Construction Partners Q3 2026 Earnings
• Neutral Sentiment: Management discussed the quarterly performance and updated outlook during the earnings call, giving investors additional context on execution and future growth. Construction Partners Q3 2026 Earnings Call Transcript

Construction Partners Price Performance

Shares of NASDAQ:ROAD opened at $119.74 on Friday. The business’s 50 day simple moving average is $109.58 and its 200-day simple moving average is $116.53. The firm has a market capitalization of $6.77 billion, a price-to-earnings ratio of 46.96, a price-to-earnings-growth ratio of 1.01 and a beta of 0.89. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.53 and a quick ratio of 1.21. Construction Partners, Inc. has a 12 month low of $93.42 and a 12 month high of $151.00.

Construction Partners (NASDAQ:ROAD) last posted its earnings results on Friday, August 7th. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. The company had revenue of $999.42 million for the quarter, compared to the consensus estimate of $948.77 million. Construction Partners had a return on equity of 15.22% and a net margin of 3.90%.Construction Partners’s quarterly revenue was up 28.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.81 earnings per share. As a group, equities analysts forecast that Construction Partners, Inc. will post 2.91 earnings per share for the current fiscal year.

About Construction Partners

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.