Construction Partners, Inc.
In the published model solve dated 2026-Q2, anchored at $110.10, Construction Partners, Inc. (ROAD) is priced for +23.3% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
• Construction Partners is a Sunbelt road-building roll-up, formed as a holding company to buy and integrate local asphalt and paving operations, and it grows by combining steady infrastructure work with a steady cadence of acquisitions. • The price is demanding: at about 44 times operating income the stock implies durable compounding the static valuation methods cannot frame, with only the growth-based methods reaching the price and the asset, earnings, and peer-multiple methods all reading it
Is ROAD overvalued? See what's priced in →
332 institutional managers reported holding ROAD in 13F filings for the quarter ended 2026-03-31. Together they hold about 86% of the company; the top 10 hold 44%. 47 opened new positions that quarter. Held by FMR (Fidelity), Vanguard Group, BlackRock, among others. On the short side, 2.3M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (3.6 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
ROAD's share count grew 8.2% over the past five years even with $62.34M spent on repurchases. It pays no dividend. Cash returned over the past three years: $62.16M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at ROAD over the trailing three years: 2025: 4 buys totaling $1.38M. 18 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
ROAD's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-05-10 | +14.4% | -0.3% |
| 2023-08-09 | +15.2% | +20.1% |
| 2023-11-30 | -0.3% | +12.6% |
| 2024-02-10 | -7.0% | +19.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
ROAD's latest 8-K filings: 2026-08-10 (items 3.01, 3.02, 7.01, 9.01); 2026-08-07 (items 2.02, 9.01); 2026-07-13 (items 7.01, 9.01); 2026-06-18 (items 1.01, 2.03); 2026-06-08 (items 1.01, 2.03).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.