BlackRock (NYSE: ROAD holder) discloses 7.1M-share, 14.8% position in Construction Partners
Rhea-AI Filing Summary
BlackRock, Inc. reports beneficial ownership of 7,100,031 shares of Construction Partners, Inc. Class A stock on an amended Schedule 13G, representing 14.8% of the class. BlackRock has sole voting power over 7,017,366 shares and sole dispositive power over 7,100,031 shares, with no shared voting or dispositive power reported.
The filing notes that this ownership reflects securities held by certain BlackRock business units and excludes others whose holdings are disaggregated under SEC guidance. It also states that iShares Core S&P Small-Cap ETF has an interest in Construction Partners’ common stock that exceeds five percent of the total outstanding common stock.
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Key Figures
Beneficial ownership: 7,100,031 shares
Ownership percentage: 14.8%
Sole voting power: 7,017,366 shares
+2 more
5 metrics
Beneficial ownership
7,100,031 shares
Shares of Construction Partners, Inc. Class A stock beneficially owned by BlackRock
Ownership percentage
14.8%
Percent of Construction Partners, Inc. Class A stock class beneficially owned by BlackRock
Sole voting power
7,017,366 shares
Shares for which BlackRock has sole power to vote or direct the vote
Sole dispositive power
7,100,031 shares
Shares for which BlackRock has sole power to dispose or direct disposition
iShares ETF interest threshold
more than five percent
Interest of iShares Core S&P Small-Cap ETF in Construction Partners common stock
Key Terms
beneficially owned, sole voting power, sole dispositive power, Schedule 13G, +1 more
5 terms
beneficially owned financial
"reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole voting power financial
"Sole Voting Power 7,017,366.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
sole dispositive power financial
"Sole Dispositive Power 7,100,031.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Schedule 13G regulatory
"Ownership of more than 5 Percent on Behalf of Another Person."
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Power of Attorney regulatory
"Exhibit 24: Power of Attorney"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What percentage of Construction Partners, Inc. (ROAD) does BlackRock currently own?
BlackRock reports beneficial ownership of 14.8% of Construction Partners, Inc. Class A stock. This corresponds to 7,100,031 shares beneficially owned by certain BlackRock business units under SEC Schedule 13G/A.
Which BlackRock-affiliated fund holds more than 5% of ROAD stock?
The filing states that iShares Core S&P Small-Cap ETF has an interest in Construction Partners, Inc. common stock that is more than five percent of the company’s total outstanding common stock, through holdings managed by BlackRock units.
Does the Schedule 13G/A for ROAD include all BlackRock holdings?
No. BlackRock explains this Schedule 13G/A covers securities beneficially owned by certain Reporting Business Units only. It excludes other BlackRock business units whose holdings are disaggregated under SEC Release No. 34-39538.
Who signed the amended Schedule 13G for Construction Partners (ROAD) on behalf of BlackRock?
The Schedule 13G/A is signed by Spencer Fleming, identified as a Managing Director of BlackRock, Inc., dated 08/06/2026, with a referenced Power of Attorney in Exhibit 24 authorizing the signature.