Why Construction Partners (ROAD) Stock Is Up Today

Construction Partners (ROAD) is up 4.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is investor optimism around Construction Partners’ newly completed Oklahoma acquisition, which expands its footprint in two fast-growing metro markets and adds more exposure to data center-related work. The move also appears supported by momentum from the company’s strong spring quarter, when it posted sharp growth, record backlog, and a higher full-year outlook, plus fresh attention on its August 7, 2026 earnings date.

Details:

Construction Partners said on July 13 that it acquired Ellsworth Construction, adding asphalt manufacturing and construction operations in the Tulsa and Oklahoma City areas.

The company said the acquired business also has activity tied to major data center projects, which may have strengthened the market’s growth narrative for the stock.

In its latest reported quarter, Construction Partners posted roughly 35% revenue growth and about 35% adjusted EBITDA growth, while backlog reached a record $3.14 billion.

Management also raised fiscal 2026 guidance for revenue, earnings, adjusted EBITDA, and margin, and the company scheduled its fiscal third-quarter results for August 7, which could be drawing renewed buying interest.

Sources:

Construction Partners Investor Relations, SEC, Zacks

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

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$ROAD Hedge Fund Activity

We have seen 154 institutional investors add shares of $ROAD stock to their portfolio, and 132 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
CONESTOGA CAPITAL ADVISORS, LLC removed 370,900 shares (-18.3%) from their portfolio in Q1 2026, for an estimated $41,214,408
GENEVA CAPITAL MANAGEMENT LLC removed 260,083 shares (-14.3%) from their portfolio in Q1 2026, for an estimated $28,900,422

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 4 analysts offer price targets for $ROAD in the last 6 months, with a median target of $132.5.

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
Brent Thielman from DA Davidson set a target price of $130.0 on 02/06/2026

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.