Construction Partners (NASDAQ:ROAD) Price Target Cut to $90.00 by Analysts at Truist Financial

Construction Partners (NASDAQ:ROAD) had its target price decreased by Truist Financial from $130.00 to $90.00 in a research report report published on Friday,Benzinga reports. Truist Financial currently has a hold rating on the stock.

Other analysts have also recently issued reports about the stock. Zacks Research cut shares of Construction Partners from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 16th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $125.00 price target on shares of Construction Partners in a report on Friday. Robert W. Baird dropped their price target on 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, Weiss Ratings cut Construction Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Construction Partners currently has an average rating of “Moderate Buy” and a consensus target price of $122.67.

Construction Partners Price Performance

ROAD traded down $0.35 during trading hours on Friday, hitting $77.18. The company’s stock had a trading volume of 1,449,473 shares, compared to its average volume of 608,360. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 30.27, a P/E/G ratio of 0.72 and a beta of 0.94. The business’s 50-day moving average price is $91.75 and its 200-day moving average price is $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. Construction Partners has a 12 month low of $74.51 and a 12 month high of $151.00.

Construction Partners (NASDAQ:ROAD) last released its quarterly earnings data 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 net margin of 4.10% and a return on equity of 16.06%. The business had revenue of $999.42 million during the quarter, compared to analyst estimates of $948.77 million. During the same quarter last year, the business earned $0.81 earnings per share. Construction Partners’s quarterly revenue was up 28.2% compared to the same quarter last year. Sell-side analysts expect that Construction Partners will post 3.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Construction Partners

A number of institutional investors and hedge funds have recently modified their holdings of ROAD. Russell Investments Group Ltd. increased its holdings 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 valued at $8,708,000 after purchasing an additional 6,850 shares in the last quarter. Fifth Third Bancorp lifted its stake in 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 purchasing an additional 16,402 shares in the last quarter. Maryland State Retirement & Pension System acquired a new position in Construction Partners during the third quarter worth $968,000. Van Berkom & Associates Inc. grew its holdings in shares of Construction Partners by 45.5% in the third quarter. Van Berkom & Associates Inc. now owns 606,302 shares of the company’s stock valued at $54,585,000 after purchasing an additional 189,576 shares during the period. Finally, Summit Creek Advisors LLC increased its holdings 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 buying an additional 4,701 shares during the last quarter. Institutional investors and hedge funds own 94.83% of the company’s stock.

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

About Construction Partners

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.