ROADNasdaqHeavy Construction Other Than Bldg Const - ContractorsFiscal year ends September 30
Construction Partners, Inc.
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$83.17+0.46 (+0.56%)
Close on Oct 19, 2026
- Market cap
- $4.68B
- P/E (TTM)
- 32.6
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
87.5%
50M of 57M shares
Institutional holders
362
62 new, 38 sold out
Net institutional buying
1M
In Q2 2026
Insider trades, 12 months
0 buys · 0 sales
Open-market trades only
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Ned N. Fleming, III | 7,623,635 | 13.80% | 13G (passive) amendment | Sep 30, 2025 |
| FMR LLC | 7,118,569 | 14.80% | 13G (passive) amendment | Mar 31, 2026 |
| BlackRock, Inc. | 7,100,031 | 14.80% | 13G (passive) amendment | Jul 31, 2026 |
| Abigail P. Johnson | 4,596,142 | 9.60% | 13G (passive) amendment | Dec 31, 2025 |
| Conestoga Capital Advisors | 3,727,296 | 7.94% | 13G (passive) amendment | Dec 31, 2024 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of ROAD | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| FMR LLC | 7,145,671 | 12.59% | $848.69M | +27,102 | 0.04% |
| BlackRock, Inc. | 3,878,562 | 6.83% | $460.66M | +105,254 | 0.01% |
| Vanguard Capital Management LLC | 2,005,206 | 3.53% | $238.16M | +15,533 | 0.01% |
| Vanguard Portfolio Management LLC | 1,966,436 | 3.46% | $233.55M | +53,834 | 0.01% |
| Kayne Anderson Rudnick Investment Management LLC | 1,525,495 | 2.69% | $181.18M | −145,626 | 0.56% |
| Conestoga Capital Advisors, LLC | 1,358,962 | 2.39% | $161.40M | −295,140 | 3.51% |
| Geode Capital Management, LLC | 1,280,636 | 2.26% | $152.13M | +71,274 | 0.01% |
| Geneva Capital Management LLC | 1,243,976 | 2.19% | $147.75M | −317,075 | 3.39% |
| First Trust Advisors LP | 1,221,338 | 2.15% | $145.06M | +190,960 | 0.09% |
| State Street Corp | 1,174,019 | 2.07% | $139.44M | +80,131 | 0.00% |
| Nomura Asset Management International Inc. | 1,154,207 | 2.03% | $137.09M | −230,766 | 0.21% |
| Goldman Sachs Group Inc | 1,062,342 | 1.87% | $126.17M | +264,106 | 0.01% |
| Wasatch Advisors LP | 1,008,474 | 1.78% | $119.78M | +172,034 | 0.78% |
| Capital World Investors | 988,838 | 1.74% | $117.44M | +132,142 | 0.01% |
| Clearbridge Investments, LLC | 912,417 | 1.61% | $108.37M | +69,750 | 0.09% |
| Allspring Global Investments Holdings, LLC | 876,775 | 1.54% | $95.66M | −90,575 | 0.15% |
| Dimensional Fund Advisors LP | 717,522 | 1.26% | $85.23M | +130,045 | 0.02% |
| Invesco Ltd. | 681,616 | 1.20% | $80.96M | −340,474 | 0.01% |
| Bank Of America Corp /De/ | 671,232 | 1.18% | $79.72M | +72,078 | 0.01% |
| Bank of New York Mellon Corp | 658,818 | 1.16% | $78.25M | +79,061 | 0.01% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 362 | 50M | 87.5% | 62 / 129 | 112 / 38 | 5M | 4M |
| Q1 2026 | 343 | 49M | 85.7% | 55 / 121 | 116 / 39 | 11M | 5M |
| Q4 2025 | 333 | 47M | 83.3% | 51 / 102 | 135 / 49 | 6M | 5M |
| Q3 2025 | 338 | 47M | 82.0% | 43 / 101 | 142 / 29 | 3M | 5M |
| Q2 2025 | 329 | 48M | 84.3% | 78 / 100 | 121 / 24 | 4M | 5M |
| Q1 2025 | 280 | 48M | 85.4% | 48 / 112 | 84 / 52 | 5M | 3M |
| Q4 2024 | 290 | 46M | 81.8% | 62 / 86 | 113 / 26 | 6M | 4M |
| Q3 2024 | 260 | 45M | 78.9% | 52 / 78 | 92 / 23 | 6M | 3M |
| Q2 2024 | 235 | 45M | 79.7% | 40 / 67 | 100 / 24 | 5M | 5M |
| Q1 2024 | 221 | 46M | 80.8% | 37 / 78 | 78 / 39 | 5M | 3M |
| Q4 2023 | 225 | 44M | 77.6% | 61 / 65 | 74 / 13 | 7M | 5M |
| Q3 2023 | 179 | 42M | 74.3% | 35 / 74 | 51 / 12 | 5M | 3M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of ROAD | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 1,372,533 | 2.42% | $163.02M | 0.01% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 1,242,162 | 2.19% | $147.53M | 0.18% | Jun 30, 2026 |
| First Trust RBA American Industrial Renaissance ETF | 1,112,678 | 1.96% | $132.15M | 1.15% | Jun 30, 2026 |
| Strategic Advisers Fidelity U.S. Total Stock Fund | 1,036,738 | 1.83% | $120.75M | 0.05% | May 31, 2026 |
| Vanguard Small-Cap Index Fund | 990,699 | 1.75% | $117.67M | 0.06% | Jun 30, 2026 |
| SMALLCAP World Fund Inc | 963,105 | 1.70% | $114.39M | 0.12% | Jun 30, 2026 |
| Invesco Discovery Fund | 754,046 | 1.33% | $87.82M | 1.12% | May 31, 2026 |
| Nomura Small Cap Core Fund | 664,466 | 1.17% | $77.39M | 1.40% | May 29, 2026 |
| Conestoga Small Cap Fund | 578,700 | 1.02% | $68.73M | 3.36% | Jun 30, 2026 |
| Vanguard Small-Cap Growth Index Fund | 569,964 | 1.00% | $67.69M | 0.14% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 550,703 | 0.97% | $65.41M | 0.07% | Jun 30, 2026 |
| Fidelity Trend Fund | 546,900 | 0.96% | $64.96M | 1.29% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 529,027 | 0.93% | $54.67M | 0.16% | Jul 31, 2026 |
| Fidelity Growth Strategies Fund | 528,072 | 0.93% | $61.50M | 1.42% | May 31, 2026 |
| Fidelity Stock Selector Small Cap Fund | 462,545 | 0.81% | $47.80M | 0.65% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Fred Julius Smith III | President and CEO, Director | 650,613 | 1.15% | Aug 10, 2026 |
| Judson Ryan Brooks | SVP and General Counsel | 77,933 | 0.14% | Aug 31, 2026 |
| Gregory A. Hoffman | SVP, Chief Financial Officer | 110,838 | 0.20% | Aug 10, 2026 |
| Robert G. Baugnon | Senior VP, Personnel and Admin | 64,655 | 0.11% | Aug 10, 2026 |
| Ned N. Fleming IV | Senior VP - Strategy & Bus Dev | 585,746 | 1.03% | Aug 10, 2026 |
| John L. Harper | Senior Vice President | 160,389 | 0.28% | Apr 15, 2025 |
| Robert P. Flowers | Senior Vice President | 46,601 | 0.08% | Apr 15, 2025 |
| Michael Brett Armstrong | Senior Vice President | 79,518 | 0.14% | Mar 6, 2025 |
| Todd Keith Andrews | Chief Accounting Officer | 16,461 | 0.03% | Mar 6, 2025 |
| Stefan L. Shaffer | Director | 40,261 | 0.07% | Dec 29, 2025 |
| Michael H. McKay | Director | 109,056 | 0.19% | Dec 16, 2025 |
| Ned N. Fleming III | Director, 10% owner | 5,768,018 | 10.16% | Dec 11, 2025 |
| Mark R. Matteson | Director, 10% owner | 4,677,883 | 8.24% | Mar 6, 2025 |
| Noreen E. Skelly | Director | 28,434 | 0.05% | Mar 6, 2025 |
| Craig Jennings | Director, 10% owner | 6,807,373 | 11.99% | Mar 6, 2025 |
| Capital Partners Ii Lp Suntx | Director, 10% owner | 6,612,389 | 11.65% | Dec 11, 2024 |
| Capital II Management Corp. SunTx | Director, 10% owner | 9,426,610 | 16.61% | Dec 11, 2024 |
| Capital Partners Ii Dutch Investors Lp Suntx | Director, 10% owner | 6,921,586 | 12.20% | Dec 11, 2024 |
| Charles E. Owens | Director | 1,110,144 | 1.96% | Dec 11, 2024 |
| Barrett N. Bruce | – | – | – | Aug 13, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Judson Ryan Brooks SVP and General Counsel | Aug 28, 2026 | Gift | −100 | – | – | 25,475 |
| Robert G. Baugnon Senior VP, Personnel and Admin | Jul 2, 2026 | Award | +53 | $95.97 | $5.09K | 24,655 |
| Robert G. Baugnon Senior VP, Personnel and Admin | Apr 2, 2026 | Award | +55 | $92.27 | $5.07K | 24,602 |
| Stefan L. Shaffer Director | Dec 24, 2025 | Other | +266 | – | – | 40,261 |
| Michael H. McKay Director | Dec 16, 2025 | Gift | −1,000 | – | – | 22,192 |
| Judson Ryan Brooks SVP and General Counsel | Dec 12, 2025 | Gift | −2,000 | – | – | 25,575 |
| Fred Julius Smith III President and CEO, Director | Nov 25, 2025 | Gift | −30,000 | – | – | 13,553 |
| Fred Julius Smith III President and CEO, Director | Nov 25, 2025 | Conversion | +30,000 | – | – | 43,553 |
| Fred Julius Smith III President and CEO, Director | Nov 24, 2025 | Other | −33,658 | – | – | 13,553 |
| Fred Julius Smith III President and CEO, Director | Nov 19, 2025 | Tax withholding | −12,785 | $112.02 | $1.43M | 47,211 |
| Ned N. Fleming IV – | Nov 19, 2025 | Tax withholding | −2,129 | $112.02 | $238.49K | 43,964 |
| Judson Ryan Brooks SVP and General Counsel | Nov 19, 2025 | Tax withholding | −2,908 | $112.02 | $325.75K | 27,575 |
| Robert G. Baugnon Senior VP, Personnel and Admin | Nov 19, 2025 | Tax withholding | −2,251 | $112.02 | $252.16K | 24,547 |
| Gregory A. Hoffman SVP, Chief Financial Officer | Nov 19, 2025 | Tax withholding | −3,527 | $112.02 | $395.09K | 40,217 |
| Fred Julius Smith III President and CEO, Director | Nov 4, 2025 | Award | +3,816 | – | – | 44,091 |
| Fred Julius Smith III President and CEO, Director | Nov 4, 2025 | Award | +15,905 | – | – | 59,996 |
| Judson Ryan Brooks Senior Vice President, Legal | Nov 4, 2025 | Award | +1,428 | – | – | 26,682 |
| Judson Ryan Brooks Senior Vice President, Legal | Nov 4, 2025 | Award | +3,801 | – | – | 30,483 |
| Ned N. Fleming IV – | Nov 4, 2025 | Award | +3,137 | – | – | 46,093 |
| Ned N. Fleming IV – | Nov 4, 2025 | Award | +1,428 | – | – | 42,956 |
| Robert G. Baugnon Senior VP, Personnel and Admin | Nov 4, 2025 | Award | +3,137 | – | – | 26,798 |
| Robert G. Baugnon Senior VP, Personnel and Admin | Nov 4, 2025 | Award | +1,428 | – | – | 23,661 |
| Gregory A. Hoffman Senior VP, Finance | Nov 4, 2025 | Award | +4,689 | – | – | 43,744 |
| Gregory A. Hoffman Senior VP, Finance | Nov 4, 2025 | Award | +1,912 | – | – | 39,055 |
| Ned N. Fleming IV – | Oct 20, 2025 | Tax withholding | −4,154 | $115.01 | $477.75K | 41,528 |
| Robert G. Baugnon Senior VP, Personnel and Admin | Oct 20, 2025 | Tax withholding | −1,025 | $115.01 | $117.89K | 22,233 |
| Fred Julius Smith III President and CEO, Director | Oct 20, 2025 | Tax withholding | −4,925 | $115.01 | $566.42K | 40,275 |
| Judson Ryan Brooks Senior Vice President, Legal | Oct 20, 2025 | Tax withholding | −1,970 | $115.01 | $226.57K | 25,254 |
| Gregory A. Hoffman Senior VP, Finance | Oct 20, 2025 | Tax withholding | −4,925 | $115.01 | $566.42K | 37,143 |
| Ned N. Fleming IV – | Oct 17, 2025 | Award | +4,925 | – | – | 45,682 |
| Robert G. Baugnon Senior VP, Personnel and Admin | Oct 17, 2025 | Award | +2,463 | – | – | 23,258 |
| Fred Julius Smith III President and CEO, Director | Oct 17, 2025 | Award | +4,925 | – | – | 45,200 |
| Judson Ryan Brooks Senior Vice President, Legal | Oct 17, 2025 | Award | +1,970 | – | – | 27,224 |
| Gregory A. Hoffman Senior VP, Finance | Oct 17, 2025 | Award | +4,925 | – | – | 42,068 |
| Robert G. Baugnon Senior VP, Personnel and Admin | Oct 2, 2025 | Tax withholding | −5,152 | $127.00 | $654.30K | 20,795 |
| Fred Julius Smith III President and CEO, Director | Oct 2, 2025 | Tax withholding | −26,651 | $127.00 | $3.38M | 40,275 |
| Ned N. Fleming IV – | Oct 2, 2025 | Tax withholding | −444 | $127.00 | $56.39K | 40,757 |
| Judson Ryan Brooks Senior Vice President, Legal | Oct 2, 2025 | Tax withholding | −6,481 | $127.00 | $823.09K | 25,254 |
| Gregory A. Hoffman Senior VP, Finance | Oct 2, 2025 | Tax withholding | −8,051 | $127.00 | $1.02M | 37,143 |
| Robert G. Baugnon Senior VP, Personnel and Admin | Oct 1, 2025 | Award | +72 | $88.99 | $6.41K | 25,947 |
| Michael H. McKay Director | Sep 18, 2025 | Gift | −1,000 | – | – | 23,192 |
| Michael H. McKay Director | Jul 2, 2025 | Gift | −1,000 | – | – | 24,192 |
| Robert G. Baugnon Senior VP, Personnel and Admin | Jul 1, 2025 | Award | +144 | $62.25 | $8.96K | 25,875 |
| Robert P. Flowers Senior Vice President | Apr 14, 2025 | Sale | −3,333 | $73.83 | $246.08K | 46,601 |
| John L. Harper Senior Vice President | Apr 14, 2025 | Sale | −6,000 | $73.83 | $442.98K | 159,389 |
| Fred Julius Smith III President and CEO, Director | Apr 14, 2025 | Other | −43,104 | – | – | 66,926 |
| Fred Julius Smith III President and CEO, Director | Apr 14, 2025 | Buy | +3,333 | $73.83 | $246.08K | 9,333 |
| Fred Julius Smith III President and CEO, Director | Apr 14, 2025 | Buy | +6,000 | $73.83 | $442.98K | 6,000 |
| Ned N. Fleming IV – | Apr 14, 2025 | Buy | +6,000 | $73.83 | $442.98K | 6,000 |
| Ned N. Fleming IV – | Apr 14, 2025 | Buy | +3,333 | $73.83 | $246.08K | 9,333 |
| John L. Harper Senior Vice President | Mar 4, 2025 | Award | +2,060 | – | – | 165,389 |
| Gregory A. Hoffman Senior VP, Finance | Mar 4, 2025 | Award | +2,668 | – | – | 45,194 |
| Stefan L. Shaffer Director | Mar 4, 2025 | Award | +8,000 | – | – | 39,995 |
| Noreen E. Skelly Director | Mar 4, 2025 | Award | +8,000 | – | – | 25,000 |
| Ned N. Fleming IV – | Mar 4, 2025 | Award | +1,000 | – | – | 41,201 |
| Robert P. Flowers Senior Vice President | Mar 4, 2025 | Award | +2,060 | – | – | 49,934 |
| Todd Keith Andrews Chief Accounting Officer | Mar 4, 2025 | Award | +640 | – | – | 16,461 |
| Michael Brett Armstrong Senior Vice President | Mar 4, 2025 | Award | +1,050 | – | – | 59,358 |
| Judson Ryan Brooks Senior Vice President, Legal | Mar 4, 2025 | Award | +1,000 | – | – | 31,735 |
| Fred Julius Smith III President and CEO, Director | Mar 4, 2025 | Award | +5,252 | – | – | 110,030 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| John L. Harper no longer officer/last day 05/08/2025 | May 13, 2025 | 7,472 | $754.22K | May 13, 2025 | Employment Related |
| K. Andrews Todd Officer | Dec 20, 2024 | 5,489 | $504.09K | Dec 20, 2024 | 2018 Equity Incentive Plan Restricted Stock |
| John L. Harper Officer | Dec 13, 2024 | 6,000 | $566.20K | Dec 13, 2024 | Employment related |
| Jennings Craig Director | Dec 9, 2024 | 12,731 | $1.27M | Dec 9, 2024 | Board Retainer |
| Ltd. Grace Affiliate | Dec 4, 2024 | 25,000 | $25.55M | Dec 4, 2024 | Gift |
| Robert P. Flowers Officer | Nov 25, 2024 | 25,000 | $2.53M | Nov 25, 2024 | Long Sale |
| Mark R. Matteson affiliate | Aug 22, 2024 | 120,000 | $7.37M | Aug 22, 2024 | Partnership Distribution |
| Stefan L. Shaffer Director | Jun 13, 2024 | 2,500 | $15.00K | Jun 13, 2024 | Stock Award |
| Nnfiii Road, Llc Affiliate(1) | May 29, 2024 | 300,000 | $17.84M | May 29, 2024 | Shares issuable upon conversion of Class B shares contributed for equity interests in filing person |
| Andrews Todd Officer | May 20, 2024 | 1,500 | $83.06K | May 20, 2024 | 2018 Equity Incentive Plan Restricted Stock |
| Noreen E. Skelly Director | May 20, 2024 | 2,500 | $139.50K | May 20, 2024 | Restricted Stock Unit |
| Capital Partners Ii Dutch Investors Lp Suntx Owner, Director by deputization | Dec 20, 2023 | 21,695 | $943.30K | Dec 20, 2023 | Purchase from Issuer |
| Capital Partners Ii Lp Suntx Owner, Director by deputization | Dec 20, 2023 | 28,035 | $1.22M | Dec 20, 2023 | Purchase from Issuer |
| Mark R. Matteson Officer | Dec 12, 2023 | 90,000 | $3.87M | Dec 12, 2023 | Founders Shares |
| Jennings Craig Director | Dec 11, 2023 | 97,500 | $4.12M | Dec 11, 2023 | Conversion of Class B common stock |