DA Davidson Research Analysts Cut Earnings Estimates for GVA

Granite Construction Incorporated (NYSE:GVA) – DA Davidson reduced their FY2025 earnings per share estimates for Granite Construction in a note issued to investors on Tuesday, November 11th. DA Davidson analyst B. Thielman now anticipates that the construction company will post earnings per share of $6.02 for the year, down from their prior estimate of $6.10. DA Davidson currently has a “Buy” rating and a $130.00 target price on the stock. The consensus estimate for Granite Construction’s current full-year earnings is $5.49 per share. DA Davidson also issued estimates for Granite Construction’s FY2026 earnings at $6.38 EPS.

Granite Construction (NYSE:GVA) last posted its quarterly earnings results on Thursday, November 6th. The construction company reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.14. Granite Construction had a return on equity of 21.64% and a net margin of 3.89%.The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the previous year, the firm earned $2.05 EPS. The firm’s revenue was up 12.1% compared to the same quarter last year. Granite Construction has set its FY 2025 guidance at EPS.

Other research analysts have also issued research reports about the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Granite Construction in a research note on Tuesday, October 14th. Wall Street Zen lowered shares of Granite Construction from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $103.00.

Granite Construction Stock Performance

Shares of GVA stock traded down $0.07 during mid-day trading on Thursday, reaching $102.41. The stock had a trading volume of 75,030 shares, compared to its average volume of 628,860. Granite Construction has a 1-year low of $69.08 and a 1-year high of $112.16. The company has a current ratio of 1.57, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. The business’s fifty day moving average is $106.18 and its 200-day moving average is $98.17. The firm has a market cap of $4.48 billion, a price-to-earnings ratio of 33.47 and a beta of 1.42.

Granite Construction Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.52 dividend on an annualized basis and a yield of 0.5%. Granite Construction’s payout ratio is currently 14.99%.

Insider Buying and Selling at Granite Construction

In other Granite Construction news, SVP Michael G. Tatusko sold 2,000 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $110.00, for a total value of $220,000.00. Following the completion of the transaction, the senior vice president directly owned 29,241 shares in the company, valued at approximately $3,216,510. This trade represents a 6.40% 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. Also, SVP Brian R. Dowd sold 2,025 shares of the firm’s stock in a transaction on Thursday, August 28th. The stock was 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 of the company’s stock, valued at $1,617,699.60. The trade was a 12.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 5,525 shares of company stock valued at $608,314 in the last ninety days. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of Granite Construction

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Root Financial Partners LLC purchased a new stake in Granite Construction in the third quarter valued at $26,000. Larson Financial Group LLC boosted its position in shares of Granite Construction by 214.2% during the 1st quarter. Larson Financial Group LLC now owns 377 shares of the construction company’s stock worth $28,000 after acquiring an additional 257 shares in the last quarter. Salomon & Ludwin LLC purchased a new stake in Granite Construction in the third quarter valued at approximately $42,000. Federated Hermes Inc. grew its stake 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 purchasing an additional 212 shares during the last quarter. Finally, CWM LLC raised its stake in shares of Granite Construction by 26.5% during the 1st quarter. CWM LLC now owns 674 shares of the construction company’s stock worth $51,000 after buying an additional 141 shares in the last quarter.

Granite Construction Company Profile

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.