12th Street Asset Management Company LLC Invests $6.80 Million in Granite Construction Incorporated $GVA

12th Street Asset Management Company LLC bought a new position in shares of Granite Construction Incorporated (NYSE:GVA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 62,003 shares of the construction company’s stock, valued at approximately $6,799,000. Granite Construction makes up approximately 1.2% of 12th Street Asset Management Company LLC’s investment portfolio, making the stock its 23rd largest holding. 12th Street Asset Management Company LLC owned 0.14% of Granite Construction at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AlphaQuest LLC boosted its stake in shares of Granite Construction by 41.5% during the 3rd quarter. AlphaQuest LLC now owns 38,809 shares of the construction company’s stock worth $4,255,000 after acquiring an additional 11,385 shares in the last quarter. Atria Investments Inc acquired a new stake in shares of Granite Construction during the second quarter worth $301,000. First Trust Advisors LP lifted its holdings in shares of Granite Construction by 4.0% during the second quarter. First Trust Advisors LP now owns 1,221,031 shares of the construction company’s stock valued at $114,179,000 after purchasing an additional 46,552 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Granite Construction by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 1,037,916 shares of the construction company’s stock valued at $97,066,000 after purchasing an additional 7,979 shares during the period. Finally, Journey Strategic Wealth LLC purchased a new position in Granite Construction in the 2nd quarter worth about $286,000.

Insider Activity

In other news, Director Celeste Beeks Mastin sold 7,614 shares of the company’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $105.23, for a total transaction of $801,221.22. Following the completion of the sale, the director owned 10,206 shares in the company, valued at approximately $1,073,977.38. This represents a 42.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.00% of the company’s stock.

Granite Construction Stock Performance

GVA stock opened at $129.48 on Friday. The firm has a 50 day moving average of $119.82 and a two-hundred day moving average of $110.42. Granite Construction Incorporated has a 12 month low of $69.08 and a 12 month high of $136.63. The company has a market capitalization of $5.65 billion, a price-to-earnings ratio of 37.31 and a beta of 1.34. The company has a quick ratio of 1.12, a current ratio of 1.21 and a debt-to-equity ratio of 0.80.

Granite Construction (NYSE:GVA) last released its quarterly earnings results on Thursday, February 12th. The construction company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. Granite Construction had a net margin of 4.31% and a return on equity of 24.04%. Granite Construction’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.23 EPS. As a group, equities analysts anticipate that Granite Construction Incorporated will post 5.49 EPS for the current fiscal year.

Granite Construction Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.4%. Granite Construction’s payout ratio is currently 14.99%.

Key Granite Construction News

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

• Positive Sentiment: Q4 beat on EPS and revenue — Granite delivered adjusted EPS of $1.40 (vs. $1.34 est.) and revenue up ~19% YoY, showing continued top-line momentum and margin improvement. Business Wire: Q4 & FY2025 Results
• Positive Sentiment: Raised fiscal‑2026 revenue outlook — management updated FY‑2026 revenue guidance to $4.9–$5.1B, a modest raise/confirmation versus consensus that supports continued revenue growth expectations. Investing.com: Raises 2026 revenue outlook
• Neutral Sentiment: Full disclosure available — management posted the earnings call transcript, slide deck and press release for deeper review (useful to assess backlog, margin drivers and project timing). Seeking Alpha: Q4 2025 Call Transcript
• Neutral Sentiment: Underlying profitability metrics — reported net margin ~4.3% and ROE ~24%, with adjusted net income of $65M, indicating solid project-level performance but relatively thin net margins typical for general contractors. MarketBeat: Earnings summary & materials
• Negative Sentiment: Market reaction likely reflects mixed expectations — despite the beat, revenue guidance was only modest and headlines didn’t highlight an upgraded EPS target; combined with a rich valuation and recent run-up toward the 52‑week high, investors may be taking profits. Yahoo Finance: Q4 Earnings

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. DA Davidson upped their price objective on shares of Granite Construction from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Weiss Ratings restated a “buy (b)” rating on shares of Granite Construction in a report on Monday, December 29th. Wall Street Zen raised shares of Granite Construction from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. Zacks Research upgraded shares of Granite Construction from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Finally, The Goldman Sachs Group boosted their target price on shares of Granite Construction from $109.00 to $124.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $127.00.

Granite Construction Company Profile

Granite Construction Inc is a publicly traded heavy civil contractor and construction materials producer based in Watsonville, California. The company specializes in delivering large-scale infrastructure projects for government and private clients, focusing on the development, rehabilitation and maintenance of transportation, water resource and industrial facilities. Its turnkey solutions span the full project lifecycle, from preconstruction and design-build to construction management and facilities maintenance.

In its construction segment, Granite undertakes highway and bridge building, airport runway and taxiway construction, marine terminal and port improvements, dam and reservoir projects, transit systems and underground utilities.