Fintel reports that on April 2, 2026, B. Riley Securities upgraded their outlook for Construction Partners (NasdaqGS:ROAD) from Neutral to Buy.
Analyst Price Forecast Suggests 31.02% Upside
As of March 28, 2026, the average one-year price target for Construction Partners is $138.72/share. The forecasts range from a low of $118.17 to a high of $157.50. The average price target represents an increase of 31.02% from its latest reported closing price of $105.88 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Construction Partners is 1,789MM, a decrease of 41.54%. The projected annual non-GAAP EPS is 2.10.
What is the Fund Sentiment?
There are 341 funds or institutions reporting positions in Construction Partners. This is an decrease of 294 owner(s) or 46.30% in the last quarter. Average portfolio weight of all funds dedicated to ROAD is 0.17%, an increase of 55.38%. Total shares owned by institutions decreased in the last three months by 25.56% to 45,471K shares. 
The put/call ratio of ROAD is 0.71, indicating a bullish outlook.
What are Other Shareholders Doing?
Conestoga Capital Advisors holds 2,025K shares representing 4.22% ownership of the company. In its prior filing, the firm reported owning 2,132K shares , representing a decrease of 5.28%. The firm decreased its portfolio allocation in ROAD by 14.87% over the last quarter.
Kayne Anderson Rudnick Investment Management holds 1,762K shares representing 3.68% ownership of the company. In its prior filing, the firm reported owning 2,238K shares , representing a decrease of 26.98%. The firm decreased its portfolio allocation in ROAD by 25.88% over the last quarter.
Invesco holds 1,482K shares representing 3.09% ownership of the company. In its prior filing, the firm reported owning 1,198K shares , representing an increase of 19.17%. The firm increased its portfolio allocation in ROAD by 10.01% over the last quarter.
Delaware Management Holdings holds 1,422K shares representing 2.97% ownership of the company.
Geode Capital Management holds 1,164K shares representing 2.43% ownership of the company. In its prior filing, the firm reported owning 1,160K shares , representing an increase of 0.35%. The firm decreased its portfolio allocation in ROAD by 55.77% over the last quarter.
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This story originally appeared on Fintel.
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