Construction Partners (NASDAQ:ROAD) Shares Gap Down – Here’s What Happened

Posted by Brian Himes on Nov 7th, 2026

Construction Partners, Inc. (NASDAQ:ROAD – Get Free Report) gapped down before the market opened on Thursday. The stock had previously closed at $99.24, but opened at $86.63. Construction Partners shares last traded at $80.8160, with a volume of 180,870 shares traded.

Key Headlines Impacting Construction Partners

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

Positive Sentiment: ROAD forecast fiscal 2027 revenue of $4.2 billion to $4.3 billion, above the $4.1 billion analyst consensus. The outlook points to stronger expected growth than analysts had modeled. Fiscal 2026 results and fiscal 2027 outlook
Positive Sentiment: The company acquired Piedmont Paving, expanding its Georgia operations along the growing Interstate 85 corridor and adding to its regional footprint. Georgia acquisition announcement
Neutral Sentiment: Fiscal 2026 revenue guidance of $3.7 billion was in line with consensus, offering little surprise relative to expectations. Fiscal 2026 revenue guidance
Neutral Sentiment: ROAD announced it will participate in the Baird 2026 Global Industrial Conference; no financial updates were included in the announcement. Conference participation announcement
Negative Sentiment: Truist Financial cut its price target from $130 to $90 and maintained a “hold” rating. Although the new target remains above the referenced share price, the sizable reduction may signal weaker analyst expectations and pressure sentiment. Truist price-target update

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Raymond James Financial reiterated a “strong-buy” rating and issued a $125.00 target price on shares of Construction Partners in a research note on Friday. Zacks Research lowered shares of Construction Partners from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 16th. Truist Financial lowered their price target on shares of Construction Partners from $130.00 to $90.00 and set a “hold” rating on the stock in a report on Friday. Weiss Ratings downgraded shares of Construction Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 17th. Finally, Robert W. Baird cut their price objective on shares of Construction Partners from $145.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $122.67.

View Our Latest Stock Report on Construction Partners

Construction Partners Trading Down 0.5%

The company has a fifty day moving average of $91.75 and a 200-day moving average of $110.34. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 1.68. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of 30.27, a PEG ratio of 0.72 and a beta of 0.94.

Construction Partners (NASDAQ:ROAD – Get Free Report) last posted its quarterly 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. Construction Partners had a return on equity of 16.06% and a net margin of 4.10%. The firm had revenue of $999.42 million during the quarter, compared to analysts’ expectations of $948.77 million. During the same quarter last year, the firm earned $0.81 earnings per share. The business’s revenue for the quarter was up 28.2% on a year-over-year basis. As a group, equities research analysts anticipate that Construction Partners, Inc. will post 3.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Construction Partners

A number of hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. increased its position in shares of Construction Partners by 7.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 96,723 shares of the company’s stock worth $8,708,000 after purchasing an additional 6,850 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Construction Partners by 8.1% in the 3rd quarter. Fifth Third Bancorp now owns 218,441 shares of the company’s stock worth $19,666,000 after acquiring an additional 16,402 shares during the last quarter. Maryland State Retirement & Pension System acquired a new position in shares of Construction Partners in the 3rd quarter worth approximately $968,000. Van Berkom & Associates Inc. boosted its position in shares of Construction Partners by 45.5% during the 3rd quarter. Van Berkom & Associates Inc. now owns 606,302 shares of the company’s stock worth $54,585,000 after purchasing an additional 189,576 shares during the period. Finally, Summit Creek Advisors LLC boosted its position in shares of Construction Partners by 6.7% during the 3rd quarter. Summit Creek Advisors LLC now owns 74,831 shares of the company’s stock worth $6,737,000 after purchasing an additional 4,701 shares during the period. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

Construction Partners Company Profile

(Get Free Report)

Construction Partners, Inc (NASDAQ:ROAD) is a civil infrastructure company that builds and maintains transportation and other public infrastructure in the United States. The company primarily serves public-sector customers, including state and local governments, as well as private-sector customers involved in residential, commercial and industrial development.

Its services include asphalt production and paving, roadway construction, milling, maintenance and repair, site development, utility installation and related infrastructure work.