Construction Partners (NASDAQ:ROAD) Share Price Breaks Above 50-Day Moving Average – What’s Next?

Posted by Brian Himes on Nov 3rd, 2026

Construction Partners, Inc. (NASDAQ:ROAD – Get Free Report)’s share price crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $93.69 and traded as high as $98.23. Construction Partners shares last traded at $96.61, with a volume of 978,218 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Zacks Research lowered Construction Partners from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 16th. Weiss Ratings lowered shares of Construction Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 17th. Robert W. Baird reduced their price target on shares of Construction Partners from $145.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. Finally, Raymond James Financial decreased their price objective on shares of Construction Partners from $150.00 to $145.00 and set a “strong-buy” rating for the company in a research note on Friday, October 16th. One research 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 company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $132.67.

View Our Latest Stock Analysis on Construction Partners

Construction Partners Stock Performance

The company has a debt-to-equity ratio of 1.68, a current ratio of 1.57 and a quick ratio of 1.26. The company has a market capitalization of $5.48 billion, a PE ratio of 37.89, a price-to-earnings-growth ratio of 0.63 and a beta of 0.93. The firm’s fifty day simple moving average is $93.69 and its 200 day simple moving average is $110.83.

Construction Partners (NASDAQ:ROAD – Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.07. The company had revenue of $999.42 million for the quarter, compared to the consensus estimate of $948.77 million. Construction Partners had a return on equity of 16.06% and a net margin of 4.10%. The firm’s revenue for the quarter was up 28.2% compared to the same quarter last year. During the same period last year, the firm earned $0.81 EPS. On average, research analysts predict that Construction Partners, Inc. will post 3.04 EPS for the current year.

Institutional Trading of Construction Partners

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. NFSG Corp raised its position in Construction Partners by 8.7% during the first quarter. NFSG Corp now owns 1,251 shares of the company’s stock valued at $139,000 after acquiring an additional 100 shares in the last quarter. ANB Bank lifted its holdings in 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. The Manufacturers Life Insurance Company lifted its holdings in Construction Partners by 0.6% in the first quarter. The Manufacturers Life Insurance Company now owns 23,151 shares of the company’s stock valued at $2,573,000 after acquiring an additional 149 shares during the period. Covestor Ltd lifted its holdings in Construction Partners by 28.3% in the third quarter. Covestor Ltd now owns 798 shares of the company’s stock valued at $72,000 after acquiring an additional 176 shares during the period. Finally, Hilltop National Bank boosted its position in Construction Partners by 8.5% in the 2nd quarter. Hilltop National Bank now owns 2,452 shares of the company’s stock worth $291,000 after purchasing an additional 192 shares in the last quarter. 94.83% of the stock is owned by institutional investors and hedge funds.

About Construction Partners

(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.