DA Davidson Forecasts Strong Price Appreciation for Granite Construction (NYSE:GVA) Stock

Granite Construction (NYSE:GVA) had its price target upped by analysts at DA Davidson from $130.00 to $155.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. DA Davidson’s price target would suggest a potential upside of 18.22% from the company’s previous close.

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

Granite Construction Stock Up 1.5%

Shares of Granite Construction stock traded up $1.89 during trading on Friday, reaching $131.11. The stock had a trading volume of 260,979 shares, compared to its average volume of 645,266. The company has a current ratio of 1.21, a quick ratio of 1.12 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $5.72 billion, a price-to-earnings ratio of 37.89 and a beta of 1.34. Granite Construction has a 52 week low of $69.08 and a 52 week high of $136.63. The stock has a fifty day moving average price of $119.82 and a two-hundred day moving average price of $110.42.

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, topping analysts’ consensus estimates of $1.34 by $0.06. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. Granite Construction had a return on equity of 24.04% and a net margin of 4.31%.The business’s revenue was up 19.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.23 EPS. Sell-side analysts predict that Granite Construction will post 5.49 EPS for the current fiscal year.

Insider Activity

In other news, Director Celeste Beeks Mastin sold 7,614 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $105.23, for a total value of $801,221.22. Following the transaction, the director owned 10,206 shares of the company’s stock, valued at approximately $1,073,977.38. This represents a 42.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Granite Construction

Several large investors have recently modified their holdings of GVA. Mizuho Markets Cayman LP increased its stake in shares of Granite Construction by 569.9% in the third quarter. Mizuho Markets Cayman LP now owns 1,339,818 shares of the construction company’s stock valued at $151,064,000 after buying an additional 1,139,818 shares during the period. UBS Group AG grew its stake in shares of Granite Construction by 262.8% in the fourth quarter. UBS Group AG now owns 647,589 shares of the construction company’s stock worth $74,699,000 after purchasing an additional 469,079 shares during the last quarter. Norges Bank acquired a new position in Granite Construction during the 4th quarter worth about $36,405,000. Qube Research & Technologies Ltd increased its stake in shares of Granite Construction by 87.5% in the third quarter. Qube Research & Technologies Ltd now owns 556,054 shares of the construction company’s stock valued at $60,971,000 after buying an additional 259,477 shares during the period. Finally, Squarepoint Ops LLC raised its position in shares of Granite Construction by 241.7% during the second quarter. Squarepoint Ops LLC now owns 305,013 shares of the construction company’s stock worth $28,522,000 after acquiring an additional 215,752 shares during the last quarter.

Granite Construction News Summary

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

• Positive Sentiment: Q4 beat and strong top-line growth — Granite reported $1.40 adj. EPS vs. $1.34 est. and revenue of $1.17B (up ~19.2% YoY), signaling solid execution and margin improvement. MarketBeat Q4 report
• Positive Sentiment: Raised 2026 revenue outlook and growth target — company set FY2026 revenue guidance roughly $4.9B–$5.1B and is targeting 6%–8% organic growth for 2026, citing acquisitions and margin expansion as drivers. Seeking Alpha: 6%–8% growth outlook
• Positive Sentiment: Management tone and call details supportive — management highlighted “strong momentum” on the earnings call and provided slide deck/transcript for deeper visibility into backlog, margins, and M&A strategy. Press release / slide deck
• Neutral Sentiment: Dividend declared — Granite declared a $0.13 quarterly dividend (annualized yield ~0.4%) with an ex-dividend date of March 31, a modest cash return that’s supportive but not material to income-focused investors.
• Neutral Sentiment: Guidance details incomplete publicly — company updated FY2026 guidance (revenue range provided), but EPS guidance disclosure in some summaries was incomplete; investors may want the full guidance specifics from the call transcript. Earnings call transcript
• Negative Sentiment: Valuation and leverage considerations — Granite’s trailing P/E (~37.9) is rich relative to historical averages and the industry, and debt-to-equity (~0.80) is moderate; if growth or margin expansion slows, valuation could re-rate lower.
• Neutral Sentiment: Trading volume below average — mid-day volume was lighter than the 3‑month average, which can amplify price moves but also suggests some investors are waiting for more detail or confirmation of the outlook.

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.