DA Davidson Raises Granite Construction (NYSE:GVA) Price Target to $130.00

Granite Construction (NYSE:GVA) had its price target raised by DA Davidson from $125.00 to $130.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. DA Davidson’s target price would suggest a potential upside of 27.02% from the stock’s current price. DA Davidson also issued estimates for Granite Construction’s Q4 2025 earnings at $1.34 EPS.

A number of other equities research analysts have also issued reports on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Granite Construction in a research report on Tuesday, October 14th. Wall Street Zen cut Granite Construction from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Granite Construction currently has an average rating of “Hold” and an average target price of $103.00.

Granite Construction Stock Performance

Shares of NYSE:GVA opened at $102.35 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.57 and a quick ratio of 1.45. Granite Construction has a 1 year low of $69.08 and a 1 year high of $112.16. The firm has a market capitalization of $4.48 billion, a PE ratio of 33.45 and a beta of 1.42. The business’s 50 day moving average price is $106.18 and its 200-day moving average price is $98.17.

Granite Construction (NYSE:GVA) last announced its earnings results on Thursday, November 6th. The construction company reported $2.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.14. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Granite Construction had a net margin of 3.89% and a return on equity of 21.64%. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.05 EPS. Granite Construction has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Granite Construction will post 5.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Granite Construction

In other news, SVP Brian R. Dowd sold 2,025 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $110.16, for a total transaction of $223,074.00. Following the completion of the sale, the senior vice president owned 14,685 shares in the company, valued at approximately $1,617,699.60. The trade was a 12.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michael G. Tatusko sold 2,000 shares of the firm’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $110.00, for a total value of $220,000.00. Following the completion of the sale, the senior vice president directly owned 29,241 shares of the company’s stock, valued at approximately $3,216,510. This trade represents a 6.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 5,525 shares of company stock worth $608,314 over the last three months. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Granite Construction

Several hedge funds have recently bought and sold shares of GVA. Nuveen LLC acquired a new stake in Granite Construction in the first quarter valued at $21,966,000. Conversant Capital LLC purchased a new stake in shares of Granite Construction in the first quarter valued at about $21,490,000. Norges Bank acquired a new stake in shares of Granite Construction in the second quarter valued at approximately $24,812,000. RPG Investment Advisory LLC increased its stake in shares of Granite Construction by 106.6% during the 1st quarter. RPG Investment Advisory LLC now owns 472,566 shares of the construction company’s stock worth $35,632,000 after purchasing an additional 243,875 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its stake in Granite Construction by 95.2% in the 1st quarter. Cubist Systematic Strategies LLC now owns 454,501 shares of the construction company’s stock valued at $34,269,000 after buying an additional 221,709 shares in the last quarter.

About Granite Construction

Granite Construction Incorporated operates as an infrastructure contractor in the United States. It operates through two segments: Construction and Materials segments. The Construction segment engages in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure, and site development for use by the public and water-related construction for municipal agencies, commercial water suppliers, industrial facilities, and energy companies; and construction of various complex projects, including infrastructure/site development, mining, public safety, tunnel, solar storage, and power related projects.