Granite Construction (NYSE:GVA) Price Target Raised to $155.00

Granite Construction (NYSE:GVA) had its price target lifted by DA Davidson from $130.00 to $155.00 in a research note published on Friday,Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

Other equities research analysts have also recently issued reports about the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Granite Construction in a research report on Monday, December 29th. Wall Street Zen raised shares of Granite Construction from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Zacks Research raised Granite Construction from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Finally, The Goldman Sachs Group upped their price target on Granite Construction from $109.00 to $124.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $139.50.

Granite Construction Stock Performance

Shares of Granite Construction stock opened at $130.86 on Friday. Granite Construction has a 52 week low of $69.08 and a 52 week high of $136.63. The business’s fifty day simple moving average is $120.28 and its 200-day simple moving average is $110.90. The firm has a market cap of $5.71 billion, a PE ratio of 35.75 and a beta of 1.34. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.79.

Granite Construction (NYSE:GVA) last issued its quarterly earnings data on Thursday, February 12th. The construction company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.06. Granite Construction had a return on equity of 24.10% and a net margin of 4.36%.The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the company earned $1.23 EPS. The company’s quarterly revenue was up 19.2% on a year-over-year basis. Equities analysts forecast that Granite Construction will post 5.49 earnings per share for the current year.

Granite Construction Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.13 per share. The ex-dividend date is Tuesday, March 31st. This represents a $0.52 dividend on an annualized basis and a yield of 0.4%. Granite Construction’s dividend payout ratio is 14.21%.

Insider Buying and Selling

In other Granite Construction news, Director Celeste Beeks Mastin sold 7,614 shares of the business’s stock in a transaction on 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 owned 10,206 shares in the company, valued at $1,073,977.38. The trade was a 42.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of Granite Construction

Hedge funds have recently modified their holdings of the stock. Millennium Management LLC grew its stake in Granite Construction by 8.9% during the 3rd quarter. Millennium Management LLC now owns 1,602,382 shares of the construction company’s stock worth $175,701,000 after purchasing an additional 131,360 shares in the last quarter. Frontier Capital Management Co. LLC boosted its stake in shares of Granite Construction by 14.3% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,370,029 shares of the construction company’s stock valued at $128,111,000 after buying an additional 171,904 shares during the period. Mizuho Markets Cayman LP grew its position in shares of Granite Construction by 569.9% during the third quarter. Mizuho Markets Cayman LP now owns 1,339,818 shares of the construction company’s stock worth $151,064,000 after buying an additional 1,139,818 shares in the last quarter. First Trust Advisors LP increased its stake 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 worth $114,179,000 after buying an additional 46,552 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Granite Construction by 0.8% in the second quarter. Geode Capital Management LLC now owns 1,037,916 shares of the construction company’s stock valued at $97,066,000 after acquiring an additional 7,979 shares in the last quarter.

Trending Headlines about Granite Construction

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

• Positive Sentiment: Q4 results beat expectations — Granite reported adjusted EPS of $1.40 (vs. $1.34 consensus) and revenue of $1.17B, up ~19% year‑over‑year; management highlighted improved margins and strong backlog conversion. Business Wire: Q4 Results
• Positive Sentiment: Raised FY‑2026 revenue outlook — company gave a revenue range of $4.9B–$5.1B and signaled momentum into 2026, supporting growth expectations and pushing upward guidance sensitivity. Investing.com: Revenue Outlook
• Positive Sentiment: Management outlined 6%–8% organic growth target for 2026 driven by acquisitions and margin expansion — clear growth targets give investors a roadmap for revenue and profit improvement. Seeking Alpha: 2026 Growth Targets
• Neutral Sentiment: Analyst upgrade and price‑target lift — DA Davidson moved to a “buy” and raised its target to $155, implying material upside from current levels and providing a near‑term catalyst for momentum. Benzinga: DA Davidson Upgrade
• Neutral Sentiment: Dividend declared — Granite set a $0.13 quarterly dividend (ex‑div March 31, pay April 15), a modest yield (~0.4%) that supports shareholder return but is not a major income draw.
• Negative Sentiment: Valuation and expectations — the stock trades at a relatively rich multiple (PE ~37.7), so much of the positive lean on continued margin expansion and execution; any slippage in backlog conversion or cost pressure could weigh on shares.

About Granite Construction

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.