Public Sector Pension Investment Board Has $18.73 Million Stock Position in Granite Construction Incorporated $GVA

Public Sector Pension Investment Board boosted its stake in shares of Granite Construction Incorporated (NYSE:GVA) by 14.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 170,813 shares of the construction company’s stock after purchasing an additional 21,749 shares during the period. Public Sector Pension Investment Board owned 0.39% of Granite Construction worth $18,730,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Root Financial Partners LLC bought a new stake in shares of Granite Construction during the 3rd quarter worth approximately $26,000. Salomon & Ludwin LLC acquired a new position in Granite Construction during the third quarter worth $42,000. Federated Hermes Inc. raised its position in Granite Construction by 94.6% during the third quarter. Federated Hermes Inc. now owns 436 shares of the construction company’s stock worth $48,000 after acquiring an additional 212 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in Granite Construction by 222.8% in the third quarter. Hantz Financial Services Inc. now owns 707 shares of the construction company’s stock valued at $78,000 after acquiring an additional 488 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of Granite Construction by 31.5% in the 3rd quarter. Blue Trust Inc. now owns 898 shares of the construction company’s stock valued at $98,000 after acquiring an additional 215 shares during the period.

Granite Construction Price Performance

Granite Construction stock opened at $130.86 on Friday. The company has a market capitalization of $5.71 billion, a price-to-earnings ratio of 35.75 and a beta of 1.34. The company has a current ratio of 1.22, a quick ratio of 1.12 and a debt-to-equity ratio of 0.79. Granite Construction Incorporated has a 12 month low of $69.08 and a 12 month high of $136.63. The stock’s 50 day moving average is $120.28 and its 200-day moving average is $110.79.

Granite Construction (NYSE:GVA) last released its quarterly earnings results on Thursday, February 12th. The construction company reported $1.40 earnings per share for the quarter, topping 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 analysts’ expectations of $1.15 billion. During the same period last year, the firm posted $1.23 EPS. The firm’s revenue for the quarter was up 19.2% compared to the same quarter last year. Equities research analysts expect that Granite Construction Incorporated will post 5.49 EPS for the current year.

Granite Construction Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $0.13 dividend. 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%.

Insider Activity at Granite Construction

In related news, Director Celeste Beeks Mastin sold 7,614 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $105.23, for a total transaction of $801,221.22. Following the transaction, the director directly owned 10,206 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.

Granite Construction News Summary

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.

Analyst Upgrades and Downgrades

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

About Granite Construction

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.