Granite Construction (NYSE:GVA) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Granite Construction Incorporated (NYSE:GVA) passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $115.78 and traded as high as $124.67. Granite Construction shares last traded at $121.4350, with a volume of 1,645,249 shares.

Granite Construction News Roundup

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

• Positive Sentiment: Q3 earnings and revenue exceeded expectations. Granite reported adjusted earnings of $3.81 per share, above consensus estimates near $3.22–$3.29, while revenue rose 23.5% year over year to $1.77 billion, exceeding the $1.70 billion estimate. Granite Construction Q3 Adjusted Earnings, Revenue Rise
• Positive Sentiment: Record backlog strengthens forward visibility. Granite ended the quarter with a reported $7.5 billion backlog, supporting expectations for continued activity across its infrastructure and construction markets. Granite Construction GVA tops Q3 2026 estimates with record $7.5B backlog
• Positive Sentiment: Full-year guidance was updated to slightly exceed expectations. The revised outlook reinforces the view that Granite’s earnings momentum is continuing beyond the third quarter. Granite Construction Incorporated Updates Earnings Guidance for Fiscal Year 2026
• Positive Sentiment: Analyst valuation remains supportive. Granite Construction has a reported consensus price target of $158.50, materially above the recent trading level, suggesting analysts see additional upside if the company delivers on its outlook. Granite Construction Stock Has Consensus Price Target of $158.50
• Neutral Sentiment: The earnings-call transcript and presentation provide additional detail on Granite’s operating performance, backlog and guidance, but the principal market-moving information is already reflected in the earnings beat and outlook update. Granite Q3 2026 Earnings Call Transcript

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Oppenheimer increased their price objective on Granite Construction from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. The Goldman Sachs Group reduced their target price on Granite Construction from $139.00 to $119.00 and set a “sell” rating on the stock in a research note on Friday, July 31st. Wall Street Zen downgraded Granite Construction from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Finally, Weiss Ratings lowered Granite Construction from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $158.50.

Granite Construction Price Performance

The company has a market cap of $5.41 billion, a PE ratio of -19.88 and a beta of 1.34. The firm’s 50-day moving average is $115.79 and its 200-day moving average is $126.39. The company has a quick ratio of 0.94, a current ratio of 1.11 and a debt-to-equity ratio of 1.18.

Granite Construction (NYSE:GVA) last issued its quarterly earnings data on Thursday, October 29th. The construction company reported $3.81 EPS for the quarter, topping the consensus estimate of $3.27 by $0.54. Granite Construction had a negative net margin of 4.99% and a positive return on equity of 33.79%. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period last year, the business posted $1.98 earnings per share. Granite Construction’s quarterly revenue was up 23.5% compared to the same quarter last year. On average, equities analysts anticipate that Granite Construction Incorporated will post 6.36 EPS for the current year.

Granite Construction Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid 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 was Wednesday, September 30th. Granite Construction’s dividend payout ratio (DPR) is presently -8.36%.

Insider Buying and Selling at Granite Construction

In other news, Director Carlos M. Hernandez purchased 400 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The shares were bought at an average cost of $123.99 per share, for a total transaction of $49,596.00. Following the completion of the transaction, the director directly owned 5,033 shares of the company’s stock, valued at $624,041.67. This trade represents a 8.63% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.88% 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 GVA. Root Financial Partners LLC grew its holdings in Granite Construction by 30.9% during the first quarter. Root Financial Partners LLC now owns 381 shares of the construction company’s stock valued at $46,000 after purchasing an additional 90 shares during the period. GAMMA Investing LLC raised its stake in shares of Granite Construction by 3.0% in the second quarter. GAMMA Investing LLC now owns 3,616 shares of the construction company’s stock worth $572,000 after buying an additional 107 shares during the period. Corient Private Wealth LLC lifted its position in shares of Granite Construction by 3.1% during the 4th quarter. Corient Private Wealth LLC now owns 4,978 shares of the construction company’s stock valued at $575,000 after buying an additional 148 shares in the last quarter. Tectonic Advisors LLC lifted its position in shares of Granite Construction by 10.1% during the 3rd quarter. Tectonic Advisors LLC now owns 1,739 shares of the construction company’s stock valued at $202,000 after buying an additional 160 shares in the last quarter. Finally, Fortitude Family Office LLC lifted its position in shares of Granite Construction by 696.4% during the 3rd quarter. Fortitude Family Office LLC now owns 223 shares of the construction company’s stock valued at $26,000 after buying an additional 195 shares in the last quarter.

Granite Construction Company Profile

Granite Construction Incorporated (NYSE:GVA) is an infrastructure construction company that provides engineering, construction and rehabilitation services for public and private-sector clients. The company’s work supports transportation, water and other essential infrastructure projects across the United States.

Granite’s transportation activities include the construction and maintenance of highways, roads, bridges, airports, rail systems and other transit facilities. Its water-related services include the development and improvement of water treatment and distribution systems, wastewater facilities, dams, pipelines and related infrastructure.