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

Royal Bank of Canada lessened its holdings in Construction Partners, Inc. (NASDAQ:ROAD) by 4.1% during the 1st quarter, Holdings Channel reports. The firm owned 100,895 shares of the company’s stock after selling 4,335 shares during the quarter. Royal Bank of Canada’s holdings in Construction Partners were worth $11,212,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ROAD. Empowered Funds LLC purchased a new position in shares of Construction Partners during the 1st quarter worth approximately $292,000. Engle Capital Management L.P. lifted its stake in Construction Partners by 10.8% in the 1st quarter. Engle Capital Management L.P. now owns 205,000 shares of the company’s stock valued at $22,780,000 after buying an additional 20,000 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Construction Partners by 0.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 23,151 shares of the company’s stock valued at $2,573,000 after buying an additional 149 shares in the last quarter. Quantinno Capital Management LP grew its holdings in Construction Partners by 33.8% during the 1st quarter. Quantinno Capital Management LP now owns 7,483 shares of the company’s stock valued at $832,000 after buying an additional 1,890 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in Construction Partners by 12.8% during the 1st quarter. Public Employees Retirement System of Ohio now owns 34,889 shares of the company’s stock valued at $3,877,000 after buying an additional 3,953 shares during the last quarter. 94.83% of the stock is currently owned by institutional investors and hedge funds.

More Construction Partners News

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

Analyst Ratings Changes

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

Construction Partners Price Performance

ROAD stock opened at $119.74 on Friday. Construction Partners, Inc. has a 52-week low of $93.42 and a 52-week high of $151.00. The stock’s fifty day simple moving average is $109.58 and its 200-day simple moving average is $116.53. The company has a quick ratio of 1.21, a current ratio of 1.53 and a debt-to-equity ratio of 1.75. The stock 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.

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