M&T Bank Corp Makes New $447,000 Investment in Granite Construction Incorporated $GVA

M&T Bank Corp purchased a new position in shares of Granite Construction Incorporated (NYSE:GVA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,879 shares of the construction company’s stock, valued at approximately $447,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Root Financial Partners LLC acquired a new stake in shares of Granite Construction during the 3rd quarter worth about $26,000. Newbridge Financial Services Group Inc. acquired a new position in Granite Construction in the 4th quarter valued at about $29,000. Salomon & Ludwin LLC acquired a new position in Granite Construction in the 3rd quarter valued at about $42,000. Spire Wealth Management bought a new position in Granite Construction in the 4th quarter valued at about $46,000. Finally, Federated Hermes Inc. lifted its position in Granite Construction by 94.6% during the third quarter. Federated Hermes Inc. now owns 436 shares of the construction company’s stock worth $48,000 after acquiring an additional 212 shares during the last quarter.

Insider Transactions at Granite Construction

In other Granite Construction news, CFO Staci M. Woolsey sold 1,523 shares of the firm’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $119.84, for a total value of $182,516.32. Following the transaction, the chief financial officer directly owned 18,954 shares of the company’s stock, valued at $2,271,447.36. This trade represents a 7.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kyle T. Larkin sold 26,651 shares of the business’s stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $118.12, for a total transaction of $3,148,016.12. Following the completion of the transaction, the chief executive officer owned 114,881 shares of the company’s stock, valued at $13,569,743.72. The trade was a 18.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 35,488 shares of company stock valued at $4,207,042. 1.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on GVA shares. Zacks Research upgraded Granite Construction from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. The Goldman Sachs Group lifted their price target on Granite Construction from $109.00 to $124.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. DA Davidson boosted their price target on Granite Construction from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Finally, Wall Street Zen upgraded Granite Construction from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $139.50.

Granite Construction Trading Up 1.6%

Shares of GVA stock opened at $139.27 on Friday. The stock has a market cap of $6.09 billion, a P/E ratio of 40.14 and a beta of 1.35. Granite Construction Incorporated has a 1 year low of $78.19 and a 1 year high of $141.98. The company has a current ratio of 1.09, a quick ratio of 1.13 and a debt-to-equity ratio of 0.80. The stock has a 50 day simple moving average of $125.23 and a 200 day simple moving average of $117.92.

Granite Construction (NYSE:GVA) last announced its quarterly earnings data on Thursday, April 30th. The construction company reported $0.26 earnings per share for the quarter, beating the consensus estimate of ($0.77) by $1.03. The firm had revenue of $912.47 million during the quarter, compared to analysts’ expectations of $782.26 million. Granite Construction had a return on equity of 24.90% and a net margin of 3.99%.The company’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.01 EPS.

Granite Construction Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a $0.13 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.4%. Granite Construction’s dividend payout ratio (DPR) is presently 14.21%.

More Granite Construction News

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

• Positive Sentiment: Q1 beat on both profit and sales — Granite reported EPS of $0.26 vs. consensus of ($0.77) and revenue of $912.5M vs. estimates near $782M; revenue was up ~30% year-over-year, signaling stronger demand and execution. MarketBeat Q1 summary
• Positive Sentiment: Management raised FY2026 revenue guidance to $5.2–$5.4B (above prior consensus ~ $5.0B), indicating confidence in backlog and upcoming project activity — a clear catalyst for upward revisions to analyst estimates. Granite Construction Lifts Outlook on Strong Growth
• Neutral Sentiment: Earnings call and materials are available — the full transcript and slide deck provide detail on regional backlog, margin drivers and capital allocation plans for investors doing fundamental follow-up. Q1 2026 Earnings Call Transcript Q1 Results Presentation
• Negative Sentiment: Valuation and margins remain considerations — GVA trades at a relatively high P/E (~38x) and reported a modest net margin (~4.4%) with leverage (D/E ~0.79). Strong top-line growth reduces some execution risk, but investors should weigh the premium valuation and margin sensitivity to cost pressures.

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.