The Goldman Sachs Group Lowers Granite Construction (NYSE:GVA) Price Target to $119.00

Granite Construction (NYSE:GVA) had its price target reduced by The Goldman Sachs Group from $139.00 to $119.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “sell” rating on the construction company’s stock. The Goldman Sachs Group’s price target points to a potential downside of 1.75% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Weiss Ratings lowered Granite Construction from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 21st. Zacks Research upgraded Granite Construction to a “hold” rating in a report on Friday, May 29th. Oppenheimer boosted their price target on Granite Construction from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday. Stephens began coverage on Granite Construction in a report on Friday, June 26th. They set an “overweight” rating and a $180.00 price target on the stock. Finally, Wall Street Zen downgraded shares of Granite Construction from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.50.

Granite Construction Trading Up 5.4%

GVA traded up $6.20 during trading on Friday, reaching $121.12. 657,308 shares of the stock traded hands, compared to its average volume of 744,980. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 0.80. The stock’s 50-day moving average is $136.96 and its 200 day moving average is $130.56. Granite Construction has a 12 month low of $89.80 and a 12 month high of $162.08. The stock has a market capitalization of $5.30 billion, a PE ratio of 34.89 and a beta of 1.29.

Granite Construction (NYSE:GVA) last posted its quarterly earnings data on Thursday, April 30th. The construction company reported $0.26 earnings per share for the quarter, topping the consensus estimate of ($0.77) by $1.03. The firm had revenue of $912.47 million during the quarter, compared to analyst estimates of $782.26 million. Granite Construction had a return on equity of 24.90% and a net margin of 3.99%.The business’s quarterly revenue was up 30.4% on a year-over-year basis. During the same period last year, the company posted $0.01 EPS. Equities analysts anticipate that Granite Construction will post 6.14 earnings per share for the current year.

Insider Activity

In related news, SVP Bradley Jay Williams sold 6,734 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $141.00, for a total value of $949,494.00. Following the completion of the sale, the senior vice president directly owned 7,041 shares of the company’s stock, valued at $992,781. The trade was a 48.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Michael G. Tatusko sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $141.00, for a total value of $1,057,500.00. Following the transaction, the senior vice president directly owned 29,787 shares in the company, valued at approximately $4,199,967. This trade represents a 20.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.88% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Granite Construction

A number of institutional investors have recently modified their holdings of GVA. Millennium Management LLC grew its position in Granite Construction by 8.9% in the 3rd quarter. Millennium Management LLC now owns 1,602,382 shares of the construction company’s stock valued at $175,701,000 after purchasing an additional 131,360 shares during the period. First Trust Advisors LP raised its holdings in Granite Construction by 52.8% during the first quarter. First Trust Advisors LP now owns 1,397,573 shares of the construction company’s stock worth $167,541,000 after buying an additional 483,080 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Granite Construction by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,067,545 shares of the construction company’s stock valued at $127,969,000 after buying an additional 4,327 shares in the last quarter. Wasatch Advisors LP lifted its stake in shares of Granite Construction by 12.4% in the third quarter. Wasatch Advisors LP now owns 861,770 shares of the construction company’s stock valued at $94,493,000 after buying an additional 94,902 shares in the last quarter. Finally, Cartenna Capital LP lifted its stake in shares of Granite Construction by 17.2% in the fourth quarter. Cartenna Capital LP now owns 715,000 shares of the construction company’s stock valued at $82,475,000 after buying an additional 105,000 shares in the last quarter.

Granite Construction News Summary

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

• Positive Sentiment: Second-quarter revenue rose approximately 29% year over year to $1.46 billion, exceeding the roughly $1.41 billion analyst estimate. Adjusted EBITDA increased 22% to about $186 million, indicating continued operating growth. Granite Reports Second Quarter 2026 Results
• Positive Sentiment: Management raised its 2026 revenue guidance to $5.3 billion-$5.5 billion from $5.2 billion-$5.4 billion, supported by federal and state infrastructure funding as well as private-sector demand. Granite Construction’s Dip Offers A Solid Entry Point
• Positive Sentiment: One investment analysis described the pullback as an attractive entry opportunity, citing Granite’s growth prospects and valuation. Recent analyst price targets have ranged from $139 to $180, above the stock’s recent trading level. Granite Construction Nears Earnings
• Neutral Sentiment: The company reaffirmed its adjusted EBITDA margin outlook of 12.25%-13.25%, suggesting that higher sales are not yet translating into stronger expected margins. Granite Construction Reports Mixed Q2 Results
• Negative Sentiment: Granite reported a $278 million net loss, or a $6.36 diluted-per-share loss, versus $72 million of net income a year earlier. The loss primarily reflected a roughly $360 million non-operating charge tied to transactions involving its 3.75% convertible notes, overshadowing the strong operating results. Granite Reports Second Quarter 2026 Results
• Negative Sentiment: Reported EPS also missed consensus on an adjusted basis, while the materials segment faced lower margins because of severe Southeast weather and higher quarry-development costs. Recent insider activity was predominantly selling, adding another potential source of investor caution.

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.