Construction Partners (NASDAQ:ROAD) Sets New 52-Week High Following Earnings Beat

Key Points

• Construction Partners hit a new 52-week high after reporting stronger-than-expected quarterly results, with adjusted EPS of $0.18 versus an expected loss and revenue of $769.2 million beating estimates.
• The company also raised its FY2026 revenue guidance to $3.6 billion-$3.7 billion, above Wall Street’s $3.5 billion forecast, signaling continued momentum.
• Management highlighted a record backlog of $3.14 billion, which supports future revenue visibility and helped fuel the stock’s bullish reaction.

Construction Partners, Inc. (NASDAQ:ROAD - Get Free Report) shares reached a new 52-week high on Saturday following a stronger than expected earnings report. The stock traded as high as $151.00 and last traded at $140.48, with a volume of 1646855 shares traded. The stock had previously closed at $131.36.

The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.23. Construction Partners had a return on equity of 15.26% and a net margin of 3.99%.The business had revenue of $769.20 million during the quarter, compared to analyst estimates of $678.46 million. During the same period in the prior year, the company earned $0.08 earnings per share. Construction Partners's revenue was up 34.6% compared to the same quarter last year.

Construction Partners News Roundup

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ROAD. Raymond James Financial reissued a "strong-buy" rating and issued a $140.00 price objective on shares of Construction Partners in a report on Monday, April 27th. Robert W. Baird set a $142.00 target price on shares of Construction Partners in a research report on Friday, February 6th. Weiss Ratings upgraded shares of Construction Partners from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, April 21st. B. Riley Financial raised shares of Construction Partners from a "neutral" rating to a "buy" rating and boosted their price target for the company from $117.00 to $135.00 in a research report on Thursday, April 2nd. Finally, DA Davidson upped their price target on shares of Construction Partners from $120.00 to $130.00 and gave the company a "neutral" rating in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Construction Partners presently has a consensus rating of "Moderate Buy" and a consensus price target of $132.40.

Institutional Trading of Construction Partners

Institutional investors have recently added to or reduced their stakes in the stock. MAI Capital Management increased its position in shares of Construction Partners by 21.7% during the third quarter. MAI Capital Management now owns 505 shares of the company's stock valued at $64,000 after buying an additional 90 shares during the period. NFSG Corp lifted its holdings in shares of Construction Partners by 8.7% in the first quarter. NFSG Corp now owns 1,251 shares of the company's stock worth $139,000 after buying an additional 100 shares in the last quarter. ANB Bank boosted its position 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 acquiring an additional 140 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in shares of Construction Partners by 3.0% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 5,248 shares of the company's stock valued at $666,000 after acquiring an additional 152 shares during the period. Finally, AlphaQuest LLC grew its stake in Construction Partners by 292.5% during the third quarter. AlphaQuest LLC now owns 208 shares of the company's stock valued at $26,000 after acquiring an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 94.83% of the company's stock.

Construction Partners Trading Up 6.9%

The firm's 50 day moving average is $119.17 and its 200 day moving average is $115.97. 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 company has a market cap of $7.94 billion, a PE ratio of 63.85, a PEG ratio of 1.17 and a beta of 0.92.

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.

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