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Construction Partners, Inc.

ROAD · NASDAQ

Market closed$104.47$2.06 (+2.01%)After hours $104.49 · +0.02%

Key statistics

Previous close$102.41
Open$105.52
Day high$109.24
Day low$103.68
52-week high$151.00
52-week low$93.22
Market cap5.90B
Volume2.65M
Average volume674.32K
P/E ratio41.29
Forward P/E—
EPS2.53
Dividend yield0.00%

Market context

Why it moved

Construction Partners (ROAD) surged after it was announced the company would be added to the S&P SmallCap 600 index, driving significant buying interest and volume.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026Construction Partners rose sharply, driven primarily by the announcement that it will join the S&P SmallCap 600 index before market open on July 22, triggering index-related buying on elevated volume nearly four times the daily average. The index inclusion compounds a string of positive catalysts, including the acquisition of Ellsworth Construction in Oklahoma — adding data center-linked asphalt work in Tulsa and OKC — and an upcoming fiscal Q3 earnings report on August 7, where analysts estimate $1.07 EPS on ~$960M in revenue. Baird maintained its Outperform rating while trimming its price target to $145, and Raymond James reiterated a Strong Buy, reflecting continued analyst confidence in the company's ~35% revenue growth trajectory and record $3.14B backlog.

2.0115

July 17, 2026Construction Partners closed modestly lower during the regular session but surged over 4% in after-hours trading following news that it will join the S&P SmallCap 600 Index before market open on July 22, replacing Molina Healthcare. The index inclusion announcement is a key catalyst, typically driving passive fund buying. Adding to positive momentum, the company recently completed the acquisition of Ellsworth Construction in Tulsa, Oklahoma, expanding its data center project exposure, and Raymond James maintained a Strong Buy rating, though it trimmed its price target to $150. Fiscal Q3 results are slated for August 7.

-1.3961

July 16, 2026Construction Partners surged nearly 7%, closing at $103.86 on volume more than double its average, driven by a pair of catalysts that lifted investor sentiment. The company completed its acquisition of Ellsworth Construction, expanding its Oklahoma footprint into the Tulsa and Oklahoma City metro markets—including exposure to high-demand data center projects—while Raymond James maintained a Strong Buy rating on the stock, though it trimmed its price target to $150 from $161. With fiscal Q3 earnings slated for August 7, investors appear increasingly optimistic ahead of results, buoyed by the company's strategic M&A momentum and a favorable macro backdrop following a cooler-than-expected June CPI reading that lifted industrials broadly.

6.6872

July 15, 2026Construction Partners surged after announcing the acquisition of Ellsworth Construction, an Oklahoma-based asphalt manufacturing and construction firm with operations in Tulsa and Oklahoma City — including exposure to multiple data center projects. The deal expands CPI's Sunbelt footprint through its Overland Corporation platform and aligns with the company's data center infrastructure buildout strategy. The move follows a strong Q2 FY2026 earnings beat — EPS of $0.18 vs. a forecast of -$0.02, with revenue of $769M topping estimates by over 13% — and comes ahead of fiscal Q3 results scheduled for August 7.

4.1065

July 14, 2026Construction Partners declined 1.45%, finishing near its 52-week low, even as the company announced the acquisition of Ellsworth Construction, an asphalt manufacturing and paving firm based in Tulsa, Oklahoma. The deal expands CPI's footprint into the Tulsa and Oklahoma City metro areas, with Ellsworth's project portfolio including multiple data center projects — connecting the road builder to the fast-growing infrastructure demand tied to AI. Broader market headwinds from renewed U.S.-Iran tensions and a risk-off session weighed on industrials, though shares edged back above $94 in after-hours trading following the acquisition news.

-1.4543

July 11, 2026Construction Partners edged lower, closing near its 52-week low as a valuation-driven pullback continues to weigh on the stock following a sharp multi-day selloff. With no new negative catalysts, traders appear to be reassessing whether the stock's premium P/E multiple — above its historical norm and peer averages — is still justified, even with a record $3.14 billion backlog and robust infrastructure demand. After-hours activity showed a partial recovery of ~2%, while a DCF analysis suggests shares may be undervalued by roughly 19% relative to intrinsic value, leaving investors weighing elevated leverage and rich valuation against long-term infrastructure tailwinds.

-0.6387

July 10, 2026Construction Partners tumbled sharply, closing near its 52-week low on volume nearly double its average, as escalating US-Iran tensions rattled infrastructure and construction-adjacent industrials. The renewed Middle East conflict has reignited inflation fears and rate concerns — a headwind for capital-intensive construction firms reliant on stable borrowing costs and project pipelines. The broader XLI industrials ETF closed modestly lower, underperforming the sector context, while peers in engineering and construction have faced pressure following mixed Q1 results. A GuruFocus note flagged the stock as potentially undervalued after a prior 4% drop, and a Simply Wall St analysis cited a DCF-implied intrinsic value of ~$133.72/share — but near-term macro uncertainty is overshadowing any fundamental support.

-6.2807

July 9, 2026Construction Partners shares fell nearly 2%, pressured by a broad market risk-off selloff after President Trump declared the U.S.-Iran ceasefire framework 'over,' sending oil prices surging and weighing on industrial stocks. Despite the macro headwinds, valuation analysis from Simply Wall St. suggests the stock trades roughly 19% below its DCF intrinsic value estimate of ~$133.72/share, underpinned by a record project backlog and strong Southeast infrastructure demand — though the stock trades at a premium P/E of ~48x versus construction peers. In after-hours trading, shares edged back toward $102.50.

-1.7453

Simply Wall Street · July 18, 2026Is Construction Partners (ROAD) Turning Free Cash Flow Momentum Into a More Durable Growth Narrative?Benzinga · July 17, 2026Why Is Construction Partners Stock Surging on Friday?Quiver Quantitative · July 17, 2026Why Construction Partners (ROAD) Stock Is Up TodayConstruction Owners · July 15, 2026Construction Partners Acquires Ellsworth Construction to Expand Oklahoma OperationsStocksToTrade · July 15, 2026ROAD Stock Slides As Construction Partners Bets On Oklahoma ExpansionPulse 2.0 · July 14, 2026Construction Partners Acquires Ellsworth ConstructionMoomoo · July 14, 2026Press Release: Construction Partners, Inc. Completes Oklahoma AcquisitionStock Titan · July 14, 2026Construction Partners will report fiscal Q3 results before markets open
Benzinga · July 17, 2026Why Is Construction Partners Stock Surging on Friday?
Mt Newswire · July 16, 2026Construction Partners to Join the S&P SmallCap 600 Index
Benzinga · July 15, 2026Raymond James Maintains Strong Buy on Construction Partners, Lowers Price Target to $150
Mt Newswire · July 13, 2026Construction Partners Acquires Ellsworth Construction
Benzinga · June 3, 2026Truist Securities Initiates Coverage On Construction Partners with Hold Rating, Announces Price Target of $130
Mt Newswire · June 3, 2026Truist Initiates Construction Partners at Hold With $130 Price Target
Benzinga · May 11, 2026Baird Maintains Outperform on Construction Partners, Raises Price Target to $169
Benzinga · May 8, 2026Construction Partners Raises FY2026 Sales Guidance from $3.480B-$3.560B to $3.590B-$3.650B vs $3.524B Est

Peers

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