Renaissance Technologies LLC Sells 30,800 Shares of Granite Construction Incorporated $GVA

Renaissance Technologies LLC trimmed its holdings in Granite Construction Incorporated (NYSE:GVA) by 23.4% during the 1st quarter, Holdings Channel.com reports. The fund owned 101,065 shares of the construction company’s stock after selling 30,800 shares during the period. Renaissance Technologies LLC’s holdings in Granite Construction were worth $12,116,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in GVA. Maryland State Retirement & Pension System grew its position in shares of Granite Construction by 1.3% during the fourth quarter. Maryland State Retirement & Pension System now owns 6,378 shares of the construction company’s stock worth $736,000 after purchasing an additional 83 shares in the last quarter. Root Financial Partners LLC raised its stake in Granite Construction by 30.9% during the 1st quarter. Root Financial Partners LLC now owns 381 shares of the construction company’s stock valued at $46,000 after purchasing an additional 90 shares during the period. Evergreen Capital Management LLC lifted its holdings in Granite Construction by 4.5% in the 2nd quarter. Evergreen Capital Management LLC now owns 2,813 shares of the construction company’s stock worth $263,000 after purchasing an additional 120 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in Granite Construction by 3.1% in the 4th quarter. Corient Private Wealth LLC now owns 4,978 shares of the construction company’s stock worth $575,000 after purchasing an additional 148 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Granite Construction by 0.9% in the 4th quarter. State of Alaska Department of Revenue now owns 22,224 shares of the construction company’s stock worth $2,563,000 after purchasing an additional 191 shares during the period.

More Granite Construction News

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

• Positive Sentiment: Raised revenue outlook: Granite increased its 2026 revenue guidance to $5.3 billion–$5.5 billion and lifted its 2027 organic-growth outlook to above 10%. Management cited continued federal, state and private infrastructure funding as key growth drivers. Granite outlines 2026 revenue outlook
• Positive Sentiment: Revenue beat expectations: Second-quarter revenue rose approximately 29% year over year to $1.46 billion, exceeding the roughly $1.41 billion consensus estimate. Adjusted EBITDA also increased 22% to about $186 million, with public infrastructure activity providing the main source of momentum. Granite Reports Second Quarter 2026 Results
• Positive Sentiment: Bullish analyst view: Oppenheimer raised its price target from $170 to $180 and maintained an “outperform” rating, implying substantial upside based on the supplied reference price. Oppenheimer raises Granite price target
• Neutral Sentiment: Analyst opinions diverged: Goldman Sachs cut its target from $139 to $119 and assigned a “sell” rating, citing limited near-term upside, while Oppenheimer took the opposite view. This split highlights uncertainty around valuation and execution.
• Negative Sentiment: Headline loss and cost pressures: Granite reported a $278 million net loss, or $(6.36) per share, versus prior-year profit. The loss primarily reflected a $360 million non-operating charge tied to convertible-note transactions. Adjusted EPS of $2.16 also fell short of the $2.25 consensus, while severe Southeast weather and higher quarry-development costs pressured materials margins. Adjusted EBITDA margin guidance remained unchanged at 12.25%–13.25%.

Granite Construction Stock Performance

NYSE:GVA opened at $120.63 on Friday. The company has a market cap of $5.28 billion, a price-to-earnings ratio of -27.99 and a beta of 1.29. Granite Construction Incorporated has a 1 year low of $89.80 and a 1 year high of $162.08. The stock’s 50 day simple moving average is $136.77 and its two-hundred day simple moving average is $130.49. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.01 and a quick ratio of 0.97.

Granite Construction (NYSE:GVA) last posted its earnings results on Thursday, July 30th. The construction company reported $2.16 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.09). Granite Construction had a negative net margin of 3.32% and a positive return on equity of 27.83%. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the prior year, the company posted $1.42 earnings per share. The firm’s revenue was up 28.8% compared to the same quarter last year. As a group, equities analysts anticipate that Granite Construction Incorporated will post 6.14 earnings per share for the current fiscal year.

Granite Construction Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.52 dividend on an annualized basis and a yield of 0.4%. Granite Construction’s dividend payout ratio is presently -12.06%.

Insider Activity at Granite Construction

In other Granite Construction news, SVP Bradley Jay Williams sold 6,734 shares of Granite Construction stock in a transaction on Monday, June 8th. The shares were sold at an average price of $141.00, for a total value of $949,494.00. Following the completion of the transaction, the senior vice president directly owned 7,041 shares of the company’s stock, valued at $992,781. This trade represents a 48.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Michael G. Tatusko sold 7,500 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 transaction of $1,057,500.00. Following the completion of the sale, the senior vice president 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 disclosure for this sale is available in the SEC filing. 0.88% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on GVA shares. The Goldman Sachs Group cut their price objective on shares of Granite Construction from $139.00 to $119.00 and set a “sell” rating for the company in a report on Friday. Stephens initiated coverage on shares of Granite Construction in a report on Friday, June 26th. They issued an “overweight” rating and a $180.00 target price on the stock. Oppenheimer upped their target price on shares of Granite Construction from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday. Wall Street Zen cut shares of Granite Construction from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Finally, Weiss Ratings cut shares of Granite Construction from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $158.50.

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.