Granite Construction (NYSE:GVA) Trading 6.9% Higher on Analyst Upgrade

Granite Construction Incorporated (NYSE:GVA) shares shot up 6.9% on Friday after Oppenheimer raised their price target on the stock from $170.00 to $180.00. Oppenheimer currently has an outperform rating on the stock. Granite Construction traded as high as $122.43 and last traded at $122.8470. Approximately 802,747 shares were traded during trading, an increase of 8% from the average session volume of 745,596 shares. The stock had previously closed at $114.92.

Several other equities analysts have also weighed in on GVA. Zacks Research raised shares of Granite Construction to a “hold” rating in a research report on Friday, May 29th. Weiss Ratings downgraded shares of Granite Construction from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. Wall Street Zen lowered shares of Granite Construction from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. The Goldman Sachs Group reiterated a “sell” rating and issued a $139.00 price objective (down from $141.00) on shares of Granite Construction in a report on Thursday, July 9th. Finally, Stephens began coverage on Granite Construction in a report on Friday, June 26th. They set an “overweight” rating and a $180.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Granite Construction presently has an average rating of “Moderate Buy” and a consensus price target of $158.50.

Insider Buying and Selling at Granite Construction

In other news, SVP Michael G. Tatusko sold 7,500 shares of Granite Construction stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $141.00, for a total value of $1,057,500.00. Following the transaction, the senior vice president owned 29,787 shares of the company’s stock, valued at $4,199,967. This trade represents a 20.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Bradley Jay Williams sold 6,734 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $141.00, for a total transaction of $949,494.00. Following the completion of the sale, the senior vice president owned 7,041 shares of the company’s stock, valued at $992,781. The trade was a 48.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.88% of the company’s stock.

Granite Construction News Roundup

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

• Positive Sentiment: Second-quarter revenue rose approximately 29% year over year to $1.46 billion, exceeding the roughly $1.41 billion analyst estimate. Adjusted EBITDA increased 22% to about $186 million, indicating continued operating growth. Granite Reports Second Quarter 2026 Results
• Positive Sentiment: Management raised its 2026 revenue guidance to $5.3 billion-$5.5 billion from $5.2 billion-$5.4 billion, supported by federal and state infrastructure funding as well as private-sector demand. Granite Construction’s Dip Offers A Solid Entry Point
• Positive Sentiment: One investment analysis described the pullback as an attractive entry opportunity, citing Granite’s growth prospects and valuation. Recent analyst price targets have ranged from $139 to $180, above the stock’s recent trading level. Granite Construction Nears Earnings
• Neutral Sentiment: The company reaffirmed its adjusted EBITDA margin outlook of 12.25%-13.25%, suggesting that higher sales are not yet translating into stronger expected margins. Granite Construction Reports Mixed Q2 Results
• Negative Sentiment: Granite reported a $278 million net loss, or a $6.36 diluted-per-share loss, versus $72 million of net income a year earlier. The loss primarily reflected a roughly $360 million non-operating charge tied to transactions involving its 3.75% convertible notes, overshadowing the strong operating results. Granite Reports Second Quarter 2026 Results
• Negative Sentiment: Reported EPS also missed consensus on an adjusted basis, while the materials segment faced lower margins because of severe Southeast weather and higher quarry-development costs. Recent insider activity was predominantly selling, adding another potential source of investor caution.

Hedge Funds Weigh In On Granite Construction

A number of institutional investors have recently made changes to their positions in the business. Aster Capital Management DIFC Ltd lifted its position in shares of Granite Construction by 512.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 239 shares of the construction company’s stock worth $28,000 after purchasing an additional 200 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in Granite Construction in the 4th quarter worth approximately $29,000. Spire Wealth Management bought a new position in Granite Construction in the 4th quarter worth approximately $46,000. Root Financial Partners LLC lifted its holdings in shares of Granite Construction by 30.9% during the first quarter. Root Financial Partners LLC now owns 381 shares of the construction company’s stock worth $46,000 after buying an additional 90 shares during the last quarter. Finally, Torren Management LLC acquired a new position in shares of Granite Construction during the fourth quarter worth approximately $56,000.

Granite Construction Stock Up 6.8%

The firm has a 50-day moving average price of $136.96 and a two-hundred day moving average price of $130.56. The company has a market capitalization of $5.37 billion, a P/E ratio of 35.43 and a beta of 1.29. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 0.80.

Granite Construction (NYSE:GVA) last announced its earnings results on Thursday, April 30th. The construction company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.77) by $1.03. The business had revenue of $912.47 million for the quarter, compared to analyst estimates of $782.26 million. Granite Construction had a net margin of 3.99% and a return on equity of 24.90%. Granite Construction’s revenue was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.01 earnings per share. Equities research analysts anticipate that Granite Construction Incorporated will post 6.14 EPS for the current fiscal year.

Granite Construction Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.4%. The ex-dividend date was Tuesday, June 30th. Granite Construction’s dividend payout ratio (DPR) is currently -12.06%.

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.