ROAD

In the past six months, Construction Partners' stock saw a 12.8% increase on April 17, 2026, following a B. Riley upgrade and the acquisition of Four Star Paving. Ahead of its fiscal Q2 earnings, a seasonal slowdown was anticipated, though strong year-over-year revenue growth was projected. On May 8, 2026, the company reported robust fiscal Q2 2026 results with 35% revenue growth, 136% adjusted net income increase, a record $3.14 billion backlog, and a raised fiscal year outlook. Acquisitions included Ellsworth Construction in Oklahoma in July 2026, Roads, Inc. of NWF in Florida in September 2026, and J.H. Strain & Sons in Texas in October 2026. The company joined the S&P SmallCap 600 index on July 16, 2026. Fiscal Q3 2026 earnings on August 7, 2026, exceeded expectations with $1.08 EPS and $999.42 million revenue, a 28.2% increase. Baird adjusted its target price from $145.00 to $141.00 on August 10, 2026, while maintaining an "outperform" rating. On October 7, 2026, shares fell to a new 52-week low of $87.42.