Construction Partners (ROAD) Stock Overview
A civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee, and Texas. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 4/6 |
| Past Performance | 5/6 |
| Financial Health | 1/6 |
| Dividends | 0/6 |
ROAD Community Fair Values
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Analyst Price Targets
Construction Partners, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$104.26 |
| 52 Week High | US$151.00 |
| 52 Week Low | US$93.22 |
| Beta | 0.89 |
| 1 Month Change | -23.03% |
| 3 Month Change | -10.44% |
| 1 Year Change | -0.38% |
| 3 Year Change | 217.96% |
| 5 Year Change | 205.93% |
| Change since IPO | 761.65% |
Recent News & Updates
Narrative Update • Jun 05
ROAD: Highway Funding And Earnings Guidance Will Support Further Upside
Analysts have raised their fair value estimate for Construction Partners stock from $139 to $150, reflecting updated assumptions around slightly higher profit margins, a lower future P/E multiple, and recent Street research that highlights solid organic growth but a more balanced near-term risk-reward after the stock's strong run. Analyst Commentary Street research around Construction Partners is fairly balanced, with bullish analysts pointing to solid organic growth and highway funding support, while more cautious voices focus on valuation and input cost risks after a strong share price move.Analysis Article • May 11
Construction Partners, Inc. Beat Analyst Profit Forecasts, And Analysts Have New Estimates
It's been a pretty great week for Construction Partners, Inc. ( NASDAQ:ROAD ) shareholders, with its shares surging 12...Narrative Update • May 08
ROAD: Q1 Execution And Buybacks Will Offset Mixed Research And Margin Concerns
Analysts have trimmed the price target for Construction Partners to $139 from $142, reflecting updated views on growth, margins and discount rates following recent research, including a Raymond James target cut, a B. Riley upgrade and a BofA target increase tied to what they saw as solid fiscal Q1 results.Recent updates
Narrative Update • Jun 05
ROAD: Highway Funding And Earnings Guidance Will Support Further Upside
Analysts have raised their fair value estimate for Construction Partners stock from $139 to $150, reflecting updated assumptions around slightly higher profit margins, a lower future P/E multiple, and recent Street research that highlights solid organic growth but a more balanced near-term risk-reward after the stock's strong run. Analyst Commentary Street research around Construction Partners is fairly balanced, with bullish analysts pointing to solid organic growth and highway funding support, while more cautious voices focus on valuation and input cost risks after a strong share price move.Analysis Article • May 11
Construction Partners, Inc. Beat Analyst Profit Forecasts, And Analysts Have New Estimates
It's been a pretty great week for Construction Partners, Inc. ( NASDAQ:ROAD ) shareholders, with its shares surging 12...Narrative Update • May 08
ROAD: Q1 Execution And Buybacks Will Offset Mixed Research And Margin Concerns
Analysts have trimmed the price target for Construction Partners to $139 from $142, reflecting updated views on growth, margins and discount rates following recent research, including a Raymond James target cut, a B. Riley upgrade and a BofA target increase tied to what they saw as solid fiscal Q1 results.Narrative Update • Apr 22
ROAD: Q1 Execution And Buybacks Will Support Future Compounding Earnings Power
Narrative Update on Construction Partners The analyst price target for Construction Partners has shifted to $142.00. Analysts are pointing to recent target hikes from firms and supportive commentary around the company's fiscal Q1 performance as reasons for refining their assumptions on discount rate, revenue growth, profit margin, and future P/E.Narrative Update • Apr 06
ROAD: Q1 Execution And Buybacks Will Support Future Compounding Earnings Power
Analysts have nudged their price target higher to about $142 from roughly $138, citing Street research that highlights Construction Partners' recent Q1 performance as a relative bright spot and a business model they view as compounding, despite a rocky aggregates earnings season. Analyst Commentary Street research on Construction Partners has focused on how the latest fiscal Q1 results fit into a tougher aggregates earnings season and what that might mean for the stock's valuation and execution risk.Seeking Alpha • Apr 03
Construction Partners: It's Time To Correct A Big Mistake (Upgrade)
Summary Construction Partners (ROAD) is upgraded to a soft ‘buy’ as growth and execution outpace prior valuation concerns. ROAD nearly doubled revenue from 2023–2025 and aggressively expanded via $1.69B in acquisitions, fueling significant EBITDA and cash flow growth. Management targets $6.03B revenue, 17% EBITDA margin, and net leverage of 1.5–2.5 by 2030, focusing on high-growth Sunbelt markets. Even if ROAD only achieves average peer multiples by 2030, annualized returns could match or exceed the market, presenting a favorable risk-reward. Read the full article on Seeking AlphaNarrative Update • Mar 23
ROAD: Q1 Resilience And Buybacks Will Support Compounding Earnings Power
The analyst price target for Construction Partners has increased to $147, up from $115, as analysts highlight recent fiscal Q1 results as a relative bright spot in a tougher aggregates season and view the business model as continuing to compound despite a mixed macro backdrop. Analyst Commentary Recent Street research reflects a generally constructive tone on Construction Partners, with some differences in how aggressively analysts frame the upside and the level of caution around valuation and execution risks.Narrative Update • Mar 06
ROAD: FY26 Outlook Suggests Buybacks And Q1 Resilience Will Shape Balanced Expectations
Narrative Update on Construction Partners The analyst price target for Construction Partners is updated from about $133.29 to about $137.86. This reflects analyst views that recent Q1 results, relatively resilient earnings versus peers, and expectations for slightly higher revenue growth, profit margins, and a similar forward P/E support a higher fair value range.Narrative Update • Feb 19
ROAD: FY26 Guidance And Buybacks Will Frame Mixed Views On Execution And Pricing
Analysts have lifted their price target on Construction Partners by about $6 to roughly $133, citing slightly higher expected profit margins and a somewhat lower assumed future P/E multiple in their updated models. Analyst Commentary Recent research updates on Construction Partners give you a mix of optimism and caution to weigh, with price targets being adjusted and ratings framed around execution risk and valuation assumptions.Narrative Update • Feb 05
ROAD: FY26 Guidance And Buybacks Will Balance Neutral Sentiment And Execution Risks
Narrative Update on Construction Partners The analyst price target for Construction Partners has been adjusted by roughly $1 higher, with analysts citing updated fair value estimates, a slightly lower discount rate, and modestly revised long term P/E assumptions as key drivers for the change. Analyst Commentary Recent Street research around Construction Partners has focused on fair value, risk, and execution rather than strong directional calls.Narrative Update • Jan 22
ROAD: FY26 Guidance And Buybacks Will Shape Future Upside Potential
Narrative update on Construction Partners Analysts have trimmed their price expectations for Construction Partners, with updated targets implying a fair value shift from about $128 to roughly $126. This reflects recalibrated assumptions around revenue growth, profitability and P/E multiples following recent neutral initiations and a lower target from Baird.Narrative Update • Jan 06
ROAD: FY26 Outlook And Key Market Activity Will Drive Future Upside
Analysts have adjusted their price targets on Construction Partners to a range of about $120 to $124, reflecting updated views on the company's initial FY26 guidance and activity levels across key markets. Analyst Commentary Bullish Takeaways Bullish analysts point to the company's initial FY26 guidance as better than many had penciled in, which they see as supportive of price targets around $120.Narrative Update • Dec 19
ROAD: Houston Expansion And FY26 Outlook Will Drive Future Upside
Analysts have modestly trimmed their price target for Construction Partners, with the consensus estimate easing from about $131 to roughly $124 per share as they balance optimism around stronger than expected FY26 guidance with a more cautious view on project activity in select markets. Analyst Commentary Bullish analysts highlight that the updated FY26 outlook, including stronger than anticipated revenue and margin assumptions, supports a premium valuation multiple versus regional peers, despite the modest price target reduction.Narrative Update • Dec 05
ROAD: Houston Expansion And Multi Year Backlog Will Drive Future Upside
The analyst price target for Construction Partners has increased modestly to $128.00 from $122.50, as analysts factor in slightly higher long term valuation multiples, despite more tempered revenue growth expectations and a marginally higher discount rate. Analyst Commentary Analysts remain broadly constructive on Construction Partners, balancing solid execution and encouraging long term guidance with a more measured view on near term upside and valuation.Narrative Update • Nov 21
ROAD: Revenue Expansion In Houston Metro Area Will Drive Future Upside
Analysts have updated their price target for Construction Partners from $131.17 to $122.50. This reflects a more cautious outlook, even with improved guidance and continued monitoring of market activity.Narrative Update • Nov 05
ROAD: Recent Acquisitions Will Drive Profitability Amid New FY26 Financial Guidance
Analysts have raised their price target for Construction Partners from $123.83 to $131.17, citing stronger expected revenue growth and the positive impact of recent higher-margin acquisitions. Analyst Commentary Analyst updates reflect a nuanced outlook on Construction Partners, highlighting both optimism about growth prospects and some caution regarding the broader operating environment.Narrative Update • Oct 21
Analysts Boost Construction Partners Target on Acquisition Strength and Revised Financial Outlook
Analysts have raised their price target for Construction Partners from $120 to $124 per share, citing growing confidence in recent higher-margin acquisitions as well as the expectation of new long-term financial targets driving potential upside. Analyst Commentary Recent research has highlighted both strengths and areas for caution regarding Construction Partners' outlook following notable upgrades and increased price targets.Analysis Article • Sep 05
Construction Partners, Inc.'s (NASDAQ:ROAD) 25% Jump Shows Its Popularity With Investors
Construction Partners, Inc. ( NASDAQ:ROAD ) shareholders would be excited to see that the share price has had a great...Narrative Update • Sep 04
IIJA Funding And Sunbelt Demand Will Unlock Enduring Potential
Recent higher-margin acquisitions, increased financial estimates, and improved confidence in above-consensus performance—alongside potential long-term targets—support a bullish outlook for Construction Partners, though the consensus analyst price target remains unchanged at $120.17. Analyst Commentary Recent large acquisitions in Texas and Tennessee are considered to be higher margin than previously believed.Analysis Article • Aug 01
Why Construction Partners, Inc. (NASDAQ:ROAD) Could Be Worth Watching
Construction Partners, Inc. ( NASDAQ:ROAD ), is not the largest company out there, but it received a lot of attention...Analysis Article • Jun 16
Construction Partners (NASDAQ:ROAD) Has A Pretty Healthy Balance Sheet
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Seeking Alpha • Feb 25
Construction Partners: Mispriced Opportunity Amidst Market Pessimism
Summary ROAD's stock is mispriced due to irrational market pessimism, with strong organic growth and strategic acquisitions like LSP supporting a "BUY" rating. High leverage is a temporary concern, expected to normalize within 4–5 quarters through debt repayment using free cash flow. Financial modeling projects robust revenue, margin, and earnings growth. Valuation appears attractive with a forward PEG of 1.31, aligning with industry peers and supporting the stock's growth potential. A base case target price of $101.78 is set, implying a 29.51% gross return and a reward/risk ratio of 2.20 for FY25 at the current price of $78.59. Read the full article on Seeking AlphaSeeking Alpha • Jan 13
Construction Partners: Building Momentum For Sustained Growth (Rating Upgrade)
Summary The company achieved double-digit growth in Q4 2024, with a 13.3% increase in revenue, driven by strong demand and contribution from acquisitions. Growth in FY25 is expected to continue due to recent acquisitions, robust demand in commercial and public markets, and a strong backlog of $1.96 billion. Long-term demand outlook is favorable due to infrastructure funding in Sunbelt states and IIJA funds, supporting revenue growth beyond FY2025. Favorable long-term growth prospects and strong market position makes this stock a decent buy at the current levels. Read the full article on Seeking AlphaSeeking Alpha • Dec 31
Construction Partners: Paving The Road For Continued Growth
Summary Construction Partners has shown strong returns driven by solid growth, strategic acquisitions, and a major recent deal, but current valuations are too high. The company's strategic focus on road maintenance in the Sunbelt states has led to significant expansion and strong financial performance. Despite a compelling acquisition of Asphalt Inc. boosting future prospects, the stock's high multiples and leverage make it a cautious investment. ROAD shares trading at 50 times earnings with high leverage make the risk-reward ratio unattractive, prompting a cautious stance on further involvement. Read the full article on Seeking AlphaSeeking Alpha • Oct 22
A Big Move By Construction Partners Sends Share Cruising
Summary Construction Partners shares surged 13.4% on October 21st due to strong preliminary results for 2024 and a significant acquisition of Lone Star Paving. Despite positive developments, I maintain a “hold” rating due to the stock's high valuation compared to peers, despite robust growth projections. The acquisition of Lone Star Paving, valued at $878 million, enhances vertical integration and profitability, with significant revenue and EBITDA contributions expected. The deal positions Construction Partners well in Texas, benefiting from substantial state infrastructure investments, but the stock remains pricey, warranting caution. Read the full article on Seeking Alpha
New Narrative • Sep 04
Strategic Acquisitions And Market Expansion Set To Propel Future Growth
Construction Partners' strategic acquisitions and strong organic growth indicate potential for continued expansion and revenue increase.Shareholder Returns
| ROAD | US Construction | US Market | |
|---|---|---|---|
| 7D | -5.6% | -8.8% | -4.1% |
| 1Y | -0.4% | 80.9% | 20.6% |
Return vs Industry: ROAD underperformed the US Construction industry which returned 95.5% over the past year.
Return vs Market: ROAD underperformed the US Market which returned 22.3% over the past year.
Price Volatility
| ROAD volatility | |
|---|---|
| ROAD Average Weekly Movement | 8.2% |
| Construction Industry Average Movement | 8.6% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.6% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: ROAD has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: ROAD's weekly volatility (8%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2007 | 1,639 | Jule Smith | www.constructionpartners.net |
Construction Partners, Inc., a civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee, and Texas. The company provides various products and services to public and private infrastructure projects, such as highways, roads, bridges, airports, and commercial and residential developments. It also engages in manufacturing and distributing hot mix asphalt (HMA) for internal use and sales to third parties in connection with construction projects; and paving activities, including the construction of roadway base layers and application of asphalt pavement.
Construction Partners, Inc. Fundamentals Summary
| ROAD fundamental statistics | |
|---|---|
| Market cap | US$6.19b |
| Earnings (TTM) | US$127.00m |
| Revenue (TTM) | US$3.26b |
46.4x
P/E Ratio1.8x
P/S RatioIs ROAD overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ROAD income statement (TTM) | |
|---|---|
| Revenue | US$3.26b |
| Cost of Revenue | US$2.75b |
| Gross Profit | US$511.53m |
| Other Expenses | US$384.52m |
| Earnings | US$127.00m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.25 |
| Gross Margin | 15.70% |
| Net Profit Margin | 3.90% |
| Debt/Equity Ratio | 178.6% |
How did ROAD perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/10 12:27 |
| End of Day Share Price | 2026/06/10 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/09/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Construction Partners, Inc. is covered by 9 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Andrew Wittmann | Baird |
| Michael Feniger | BofA Global Research |
| Rohit Seth | B. Riley Securities, Inc. |