Construction Partners, Inc. $ROAD Shares Purchased by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS increased its holdings in Construction Partners, Inc. (NASDAQ:ROAD) by 29.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,756 shares of the company’s stock after acquiring an additional 13,730 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Construction Partners were worth $5,380,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ROAD. Wasatch Advisors LP grew its stake in Construction Partners by 20.6% during the 2nd quarter. Wasatch Advisors LP now owns 1,008,474 shares of the company’s stock valued at $119,776,000 after acquiring an additional 172,034 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Construction Partners by 29.6% in the first quarter. First Trust Advisors LP now owns 1,030,378 shares of the company’s stock worth $114,496,000 after purchasing an additional 235,616 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Construction Partners by 19.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 967,350 shares of the company’s stock worth $109,214,000 after purchasing an additional 156,469 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Construction Partners in the second quarter worth approximately $78,248,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Construction Partners by 11.1% during the first quarter. Dimensional Fund Advisors LP now owns 587,477 shares of the company’s stock worth $65,271,000 after purchasing an additional 58,908 shares during the period. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ROAD has been the topic of a number of research analyst reports. 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. Robert W. Baird dropped 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 note on Monday, August 10th. Raymond James Financial reiterated a “strong-buy” rating and issued a $125.00 target price on shares of Construction Partners in a research report on Friday. Zacks Research lowered shares of Construction Partners from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 16th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $122.67.

Key Stories 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

Construction Partners Stock Performance

Shares of ROAD stock opened at $77.18 on Monday. Construction Partners, Inc. has a fifty-two week low of $74.51 and a fifty-two week high of $151.00. The stock’s 50-day moving average is $91.75 and its two-hundred day moving average is $110.34. 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 firm has a market cap of $4.38 billion, a P/E ratio of 30.27, a PEG ratio of 0.58 and a beta of 0.94.

Construction Partners (NASDAQ:ROAD) last announced its quarterly earnings results on Friday, August 7th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.07. The business had revenue of $999.42 million during the quarter, compared to analyst estimates 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 was up 28.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.81 EPS. Analysts predict that Construction Partners, Inc. will post 2.93 earnings per share for the current fiscal year.

About Construction Partners

Construction Partners, Inc is a civil infrastructure company that builds and maintains roads, highways, and other transportation-related projects. Its services include roadway paving, site development, milling and resurfacing, and related construction work for public and private customers.

The company also produces and supplies materials used in its projects, including hot-mix asphalt and aggregates. Its vertically integrated operations combine construction services with materials production and distribution.

Founded in 2007 and headquartered in Dothan, Alabama, Construction Partners operates across the southeastern United States and in Texas.