Capital Fund Management S.A. Increases Holdings in Granite Construction Incorporated $GVA

Capital Fund Management S.A. boosted its position in Granite Construction Incorporated (NYSE:GVA) by 57.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,450 shares of the construction company’s stock after buying an additional 36,903 shares during the quarter. Capital Fund Management S.A. owned approximately 0.23% of Granite Construction worth $9,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in GVA. CWM LLC boosted its stake in shares of Granite Construction by 26.5% in the 1st quarter. CWM LLC now owns 674 shares of the construction company’s stock valued at $51,000 after purchasing an additional 141 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Granite Construction in the first quarter worth $70,000. Cheviot Value Management LLC purchased a new stake in Granite Construction during the first quarter valued at about $73,000. Penserra Capital Management LLC bought a new position in shares of Granite Construction during the second quarter valued at about $138,000. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Granite Construction by 7.3% in the second quarter. Parkside Financial Bank & Trust now owns 1,642 shares of the construction company’s stock worth $154,000 after buying an additional 111 shares during the period.

Insider Transactions at Granite Construction

In related news, Director Celeste Beeks Mastin sold 7,614 shares of the stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $105.23, for a total value of $801,221.22. Following the completion of the transaction, the director directly owned 10,206 shares of the company’s stock, valued at $1,073,977.38. This represents a 42.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on GVA shares. Wall Street Zen cut Granite Construction from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Granite Construction in a research note on Monday, November 24th. The Goldman Sachs Group initiated coverage on shares of Granite Construction in a research note on Monday, November 24th. They issued a “neutral” rating and a $109.00 target price on the stock. DA Davidson upped their price target on shares of Granite Construction from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Finally, Zacks Research lowered shares of Granite Construction from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 12th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $119.50.

Granite Construction Price Performance

GVA opened at $107.53 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.57. The stock has a market capitalization of $4.69 billion, a PE ratio of 35.14 and a beta of 1.42. The stock’s 50 day moving average price is $105.13 and its 200-day moving average price is $100.03. Granite Construction Incorporated has a 52-week low of $69.08 and a 52-week high of $112.16.

Granite Construction (NYSE:GVA) last released its quarterly earnings results on Thursday, November 6th. The construction company reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.14. The business 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 revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.05 earnings per share. Granite Construction has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Granite Construction Incorporated will post 5.49 EPS for the current year.

Granite Construction Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $0.13 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.52 annualized dividend and a dividend yield of 0.5%. Granite Construction’s payout ratio is currently 14.99%.

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.