Construction Partners Surges After Strong Q3 Results and Higher 2026 Outlook

Construction Partners (ROAD) is up 18.9% today. Here is some analysis on what might have caused this price movement.

Analysis: The rally appears tied to a strong fiscal third-quarter report that showed solid growth across revenue, earnings, and backlog, along with higher full-year guidance. Investors also may be responding to signs that recent acquisitions are adding to the company’s expansion in fast-growing Sunbelt markets.

Details:

Third-quarter revenue rose 28.2% year over year to $999.4 million, while net income increased to $59.6 million from $44.0 million.

Adjusted EBITDA climbed 23.8% to $163.0 million, and adjusted diluted earnings per share reached $1.08 for the quarter.

Backlog reached a record $3.36 billion as of June 30, 2026, giving the company stronger visibility into future project activity.

Management raised fiscal 2026 guidance and highlighted the recently completed Ellsworth acquisition in Oklahoma, which adds exposure to Tulsa, Oklahoma City, and data center-related construction work.

Sources:

Construction Partners, MarketBeat, Construction Partners

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$ROAD Hedge Fund Activity

We have seen 170 institutional investors add shares of $ROAD stock to their portfolio, and 147 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC added 2,522,427 shares (+54.9%) to their portfolio in Q1 2026, for an estimated $280,292,088
ALLIANCEBERNSTEIN L.P. removed 646,298 shares (-88.4%) from their portfolio in Q1 2026, for an estimated $71,816,633
JANE STREET GROUP, LLC added 569,767 shares (+1194.7%) to their portfolio in Q1 2026, for an estimated $63,312,509
AMERICAN CENTURY COMPANIES INC removed 560,994 shares (-50.6%) from their portfolio in Q1 2026, for an estimated $62,337,653
GOLDMAN SACHS GROUP INC added 436,399 shares (+120.6%) to their portfolio in Q1 2026, for an estimated $48,492,656
VAN BERKOM & ASSOCIATES INC. added 404,162 shares (+3216.8%) to their portfolio in Q2 2026, for an estimated $48,002,320
GENEVA CAPITAL MANAGEMENT LLC removed 317,075 shares (-20.3%) from their portfolio in Q2 2026, for an estimated $37,658,997

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$ROAD Price Targets

Multiple analysts have issued price targets for $ROAD recently. We have seen 3 analysts offer price targets for $ROAD in the last 6 months, with a median target of $135.0.

Here are some recent targets:

Andrew Wittmann from Baird set a target price of $145.0 on 07/01/2026
Keith Hughes from Truist Securities set a target price of $130.0 on 06/03/2026
Rohit Seth from B. Riley Securities set a target price of $135.0 on 04/02/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.