Baird Rates Construction Partners (ROAD) buy, $145 Price Target

Baird maintains its buy rating on ROAD, targeting a $145 price, a 22.08% upside from the current price.

By EarningsIQ Research Desk · Published Jul 1, 2026, 8:00 AM EDT · Updated Jul 1, 2026, 3:01 PM EDT

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Baird rated Construction Partners, Inc. ($ROAD) "buy" with a $145 price target on July 1, 2026.

Since the rating, $ROAD is down 6.6% after 1 week, down 5.3% after 1 month and down 24.2% to date (from the $109.10 close on Jul 1, 2026).

ROAD Construction Partners, Inc.

$82.71 -26.26% year to date

Daily close · Oct 16, 2026

Key Points

Baird's Andrew Wittmann reiterated a buy rating on ROAD with a $145 target on July 1, 2026.
Baird's $145 price target implies 22.08% upside from Construction Partners, Inc.'s ($ROAD) current $118.77 share price.
Shares of ROAD traded at $118.77 on Wednesday, with peer funds showing mixed activity in their holdings.
Insiders have been active, with purchases and sales noted, while analysts set varied price targets.

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Baird analyst Andrew Wittmann reiterated his buy rating on ROAD, setting a price target of $145. This update came on July 1, 2026, as part of the firm's ongoing coverage of the company. Shares of ROAD traded at $118.77 on Wednesday.

Analyst rating track record

Baird vs. the S&P 500

YTD return +11.58% hypothetical

All-time return +17.20% S&P 500 +29.66%

vs. S&P 500 -12.46% behind the index

Hypothetical returns from Baird's disclosed trades, not real profit or advice. How we model this.

Other Institutional Activity in ROAD

FMR LLC increased its holdings in ROAD by 2,522,427 shares, bringing its total to 7,118,569 shares worth approximately $791.0 million, marking a 54.9% increase. BlackRock, Inc. reduced its stake by 136,721 shares, ending with 3,773,308 shares valued at about $419.3 million, a decrease of 3.5%. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both opened new positions, acquiring 1,989,673 and 1,912,602 shares, respectively, valued at $221.1 million and $212.5 million. Meanwhile, Kayne Anderson Rudnick Investment Management LLC cut its holdings by 91,287 shares, now holding 1,671,121 shares worth around $185.7 million, reflecting a 5.2% decrease.

Construction Partners, Inc. Stock Up 25.9%

Shares of ROAD traded at $118.77 on Wednesday. The stock's recent performance shows mixed activity among institutional investors, with some increasing their stakes and others reducing their positions.

12-month forecast

$ROAD price target

Construction Partners, Inc. daily closes and this analyst's $145 target. Not advice.

Insider Buying and Selling at Construction Partners, Inc.

Recent insider activity at ROAD includes Senior VP of Personnel and Admin, Robert Baugnon, purchasing 55 shares on April 2, 2026, at an average price of $92.27. Additionally, Stefan Shaffer made two identical purchases of 266 shares each on December 24, 2025. On the selling side, Michael McKay sold 1,000 shares on December 16, 2025, and Judson Ryan Brooks, SVP and General Counsel, sold 2,000 shares on December 12, 2025.

Analysts Set New Price Targets

On July 1, 2026, Baird maintained its buy rating on ROAD, setting a price target of $145. Earlier, Truist Securities initiated coverage with a hold rating and a $130 target on June 3, 2026. On April 2, 2026, B. Riley Securities upgraded ROAD to a buy with a $135 target. The analyst consensus remains positive, with a general buy recommendation and a mean target price reflecting optimism about ROAD's future performance.

Bottom Line

Baird's reiteration of its buy rating and a $145 target on ROAD reflects continued confidence in the company's prospects. Institutional investors have shown varied interest, with some increasing and others decreasing their positions. Insider transactions have also been active, though they don't necessarily indicate a change in company outlook. As always, it's important to remember that these ratings and transactions are based on past data and may not reflect current conditions.