Construction Partners stock falls 4.2% after Asphalt Express Enterprises acquisition

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31.08.2026

Construction Partners stock falls 4.2% after Asphalt Express Enterprises acquisition — Construction Partners stock falls 4.2% today

Construction Partners announced the acquisition of Oklahoma-based Asphalt Express Enterprises, expanding its presence in the liquid asphalt supply and transportation market. The stock is down 4.2% on the day at $105.38.

Highlights

Construction Partners has acquired Asphalt Express Enterprises in Oklahoma, expanding its operations in liquid asphalt supply and transportation.
Shares of Construction Partners are down 4.2% on the day at $105.38.
Twenty of 23 analysts rate the stock a buy, with a median price target of $139, about 31.9% above current levels.

Construction Partners announced the acquisition of Asphalt Express Enterprises, a liquid asphalt supply and hauling business headquartered in Ardmore, Oklahoma, according to PR Newswire. The deal includes a rail-served site in Ardmore, as well as trucks and trailers, with company plans for the site to support a future terminal serving Oklahoma and North Texas, according to StockTitan.

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Bearish structure forms as price breaks below major moving averages

Price broke under the prior weekly low at $107.43 and is setting a new low for the week. Shares of Construction Partners are showing a bearish structure on the daily chart, with price trading below its MA-20, MA-50, and MA-200. Stoch RSI is in oversold territory, which stretches the reading and limits room for further downside.

Downside probability dominates as traders watch for a close above $107.43

Traders should watch for a close above $107.43 to determine whether buyers are showing follow-through. Shares recently moved below this weekly low and are marking fresh lows for the current week. The past week was characterized by a contained move within a narrow range. Even so, the downside probability for the coming trading week is more than 80%, while upside probability is less than 20%, with an expected trading range of $101.91 to $108.84. A close above $107.43 would indicate buyers are following through, while a drop below the recent range would show the move is being faded. On the weekly chart the longer-term picture stays negative.

Previously it was reported that analysts viewed Construction Partners as maintaining a broadly bullish technical outlook amid broader market headwinds. The recent acquisition of Asphalt Express Enterprises and the accompanying downturn in price action now alter the landscape, making sustained closes above $107.43 a critical level for traders to assess any potential reversal in the near term.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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