Granite Construction Incorporated $GVA Shares Purchased by UBS Group AG

Key Points

• UBS Group AG boosted its stake in Granite Construction by 262.8% in Q4, acquiring 469,079 additional shares to hold 647,589 shares (about 1.48% ownership) valued at roughly $74.7M.
• Granite beat Q1 expectations and raised guidance — reported EPS of $0.26 vs. consensus of ($0.77) and revenue of $912.5M (up ~30% YoY) versus estimates near $782M, and raised FY2026 revenue guidance to $5.2–$5.4B.
• Insiders sold shares: CEO Kyle T. Larkin sold 26,651 shares (~$3.15M) and CFO Staci M. Woolsey sold 1,523 shares, with insiders selling 35,488 shares (~$4.21M) in the quarter; insiders now own about 1% of the company.

UBS Group AG boosted its stake in Granite Construction Incorporated (NYSE:GVA - Free Report) by 262.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 647,589 shares of the construction company's stock after acquiring an additional 469,079 shares during the quarter. UBS Group AG owned 1.48% of Granite Construction worth $74,699,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in Granite Construction in the 3rd quarter valued at $26,000. Newbridge Financial Services Group Inc. acquired a new stake in Granite Construction in the 4th quarter valued at $29,000. Salomon & Ludwin LLC acquired a new stake in Granite Construction in the 3rd quarter valued at $42,000. Spire Wealth Management acquired a new stake in Granite Construction in the 4th quarter valued at $46,000. Finally, Federated Hermes Inc. grew its stake in Granite Construction by 94.6% in the 3rd quarter. Federated Hermes Inc. now owns 436 shares of the construction company's stock valued at $48,000 after acquiring an additional 212 shares during the period.

Insider Buying and Selling at Granite Construction

In other news, CEO Kyle T. Larkin sold 26,651 shares of Granite Construction stock in a transaction on Friday, March 27th. The stock was sold at an average price of $118.12, for a total transaction of $3,148,016.12. Following the transaction, the chief executive officer owned 114,881 shares in the company, valued at $13,569,743.72. The trade was a 18.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Staci M. Woolsey sold 1,523 shares of Granite Construction stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $119.84, for a total value of $182,516.32. Following the transaction, the chief financial officer owned 18,954 shares in the company, valued at approximately $2,271,447.36. This represents a 7.44% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 35,488 shares of company stock worth $4,207,042. Insiders own 1.00% of the company's stock.

Granite Construction Trading Down 0.1%

Shares of GVA opened at $139.27 on Monday. Granite Construction Incorporated has a 52-week low of $78.19 and a 52-week high of $141.98. 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 firm's fifty day moving average is $125.23 and its two-hundred day moving average is $118.00. The stock has a market cap of $6.09 billion, a PE ratio of 40.14 and a beta of 1.35.

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

Granite Construction Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Tuesday, March 31st. Granite Construction's payout ratio is currently 14.99%.

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.

Wall Street Analysts Forecast Growth

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

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.

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