Granite Construction (NYSE:GVA) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of Granite Construction (NYSE:GVA) from a buy rating to a hold rating in a research note published on Saturday morning.

GVA has been the subject of several other research reports. The Goldman Sachs Group lifted their target price on shares of Granite Construction from $109.00 to $124.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Granite Construction in a research report on Monday, December 29th. DA Davidson upped their price objective on shares of Granite Construction from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Zacks Research raised shares of Granite Construction from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $139.50.

Granite Construction Stock Up 1.3%

GVA stock opened at $130.86 on Friday. Granite Construction has a 1-year low of $69.08 and a 1-year high of $136.63. The business’s 50 day simple moving average is $120.28 and its 200 day simple moving average is $110.79. The company has a current ratio of 1.22, a quick ratio of 1.12 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $5.71 billion, a PE ratio of 35.75 and a beta of 1.34.

Granite Construction (NYSE:GVA) last announced its quarterly earnings results on Thursday, February 12th. The construction company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.06. Granite Construction had a return on equity of 24.10% and a net margin of 4.36%.The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the firm posted $1.23 EPS. The company’s quarterly revenue was up 19.2% on a year-over-year basis. As a group, research analysts anticipate that Granite Construction will post 5.49 EPS for the current year.

Granite Construction Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, March 31st. Granite Construction’s payout ratio is presently 14.21%.

Insiders Place Their Bets

In other Granite Construction news, Director Celeste Beeks Mastin sold 7,614 shares of the stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $105.23, for a total value of $801,221.22. Following the completion of the transaction, the director directly owned 10,206 shares in the company, valued at approximately $1,073,977.38. This trade represents a 42.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Granite Construction

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Root Financial Partners LLC acquired a new position in shares of Granite Construction during the third quarter worth $26,000. Newbridge Financial Services Group Inc. bought a new position in Granite Construction during the 4th quarter worth $29,000. Salomon & Ludwin LLC acquired a new position in Granite Construction during the 3rd quarter worth about $42,000. Spire Wealth Management acquired a new position in Granite Construction during the 4th quarter worth about $46,000. Finally, Federated Hermes Inc. grew its position in shares of Granite Construction by 94.6% in the 3rd quarter. Federated Hermes Inc. now owns 436 shares of the construction company’s stock valued at $48,000 after buying an additional 212 shares during the last quarter.

Key Granite Construction News

Here are the key news stories impacting Granite Construction this week:

• Positive Sentiment: Q4 results beat expectations — Granite reported adjusted EPS of $1.40 (vs. $1.34 consensus) and revenue of $1.17B, up ~19% year‑over‑year; management highlighted improved margins and strong backlog conversion. Business Wire: Q4 Results
• Positive Sentiment: Raised FY‑2026 revenue outlook — company gave a revenue range of $4.9B–$5.1B and signaled momentum into 2026, supporting growth expectations and pushing upward guidance sensitivity. Investing.com: Revenue Outlook
• Positive Sentiment: Management outlined 6%–8% organic growth target for 2026 driven by acquisitions and margin expansion — clear growth targets give investors a roadmap for revenue and profit improvement. Seeking Alpha: 2026 Growth Targets
• Neutral Sentiment: Analyst upgrade and price‑target lift — DA Davidson moved to a “buy” and raised its target to $155, implying material upside from current levels and providing a near‑term catalyst for momentum. Benzinga: DA Davidson Upgrade
• Neutral Sentiment: Dividend declared — Granite set a $0.13 quarterly dividend (ex‑div March 31, pay April 15), a modest yield (~0.4%) that supports shareholder return but is not a major income draw.
• Negative Sentiment: Valuation and expectations — the stock trades at a relatively rich multiple (PE ~37.7), so much of the positive lean on continued margin expansion and execution; any slippage in backlog conversion or cost pressure could weigh on shares.

Granite Construction Company Profile

Granite Construction Inc is a publicly traded heavy civil contractor and construction materials producer based in Watsonville, California. The company specializes in delivering large-scale infrastructure projects for government and private clients, focusing on the development, rehabilitation and maintenance of transportation, water resource and industrial facilities. Its turnkey solutions span the full project lifecycle, from preconstruction and design-build to construction management and facilities maintenance.

In its construction segment, Granite undertakes highway and bridge building, airport runway and taxiway construction, marine terminal and port improvements, dam and reservoir projects, transit systems and underground utilities.