Granite Construction Incorporated (NYSE:GVA) Director William Howard Powell sold 3,103 shares of the stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $63.85, for a total transaction of $198,126.55. Following the completion of the transaction, the director now directly owns 46,771 shares of the company’s stock, valued at approximately $2,986,328.35. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Granite Construction Incorporated (GVA) traded down $1.11 during trading on Monday, reaching $63.47. 331,900 shares of the company were exchanged, compared to its average volume of 397,809. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.79 and a quick ratio of 1.71. Granite Construction Incorporated has a 12 month low of $45.14 and a 12 month high of $67.20. The stock has a market cap of $2,529.33, a price-to-earnings ratio of 49.20, a P/E/G ratio of 5.57 and a beta of 1.24.

Granite Construction (NYSE:GVA) last posted its quarterly earnings data on Friday, October 27th. The construction company reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.04. Granite Construction had a net margin of 1.84% and a return on equity of 5.71%. The company had revenue of $957.10 million for the quarter, compared to analyst estimates of $905.14 million. During the same period in the prior year, the company posted $0.92 EPS. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. equities analysts predict that Granite Construction Incorporated will post 1.63 EPS for the current year.

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Institutional investors have recently bought and sold shares of the stock. Advisor Group Inc. raised its position in Granite Construction by 169.1% in the 3rd quarter. Advisor Group Inc. now owns 1,862 shares of the construction company’s stock worth $108,000 after purchasing an additional 1,170 shares during the period. Royal Bank of Canada raised its position in Granite Construction by 56.3% in the 2nd quarter. Royal Bank of Canada now owns 2,441 shares of the construction company’s stock worth $118,000 after purchasing an additional 879 shares during the period. Public Employees Retirement System of Ohio raised its position in Granite Construction by 7.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,282 shares of the construction company’s stock worth $158,000 after purchasing an additional 218 shares during the period. Sei Investments Co. raised its position in Granite Construction by 38.3% in the 2nd quarter. Sei Investments Co. now owns 3,285 shares of the construction company’s stock worth $158,000 after purchasing an additional 909 shares during the period. Finally, Riverhead Capital Management LLC raised its position in Granite Construction by 65.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,630 shares of the construction company’s stock worth $175,000 after purchasing an additional 1,430 shares during the period. 97.68% of the stock is currently owned by institutional investors.

A number of brokerages recently commented on GVA. B. Riley reaffirmed a “buy” rating on shares of Granite Construction in a report on Wednesday, November 1st. Zacks Investment Research raised shares of Granite Construction from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a report on Tuesday, October 31st. Canaccord Genuity increased their price target on shares of Granite Construction from $70.00 to $75.00 and gave the company a “buy” rating in a report on Monday, October 30th. DA Davidson reaffirmed a “hold” rating and issued a $65.00 price target on shares of Granite Construction in a report on Monday, October 30th. Finally, FBR & Co reaffirmed a “buy” rating and issued a $68.00 price target on shares of Granite Construction in a report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $67.00.

About Granite Construction

Granite Construction Incorporated is a heavy civil contractor and construction materials producer in the United States. The Company operates through three segments: Construction, Large Project Construction and Construction Materials. The Company operates across the nation, serving both public and private sector clients.

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