Granite Construction Stock Price, News & Analysis (NYSE:GVA)

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Granite Construction in the last year. There are currently 1 sell rating for the stock. The consensus among Wall Street research analysts is that investors should "sell" GVA shares.
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1 equities research analysts have issued 1 year price objectives for Granite Construction's shares. Their GVA share price targets range from $36.00 to $55.00. On average, they predict the company's share price to reach $45.50 in the next twelve months. This suggests that the stock has a possible downside of 3.3%.
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Granite Construction's stock was trading at $35.07 at the beginning of 2023. Since then, GVA stock has increased by 34.1% and is now trading at $47.04.
View the best growth stocks for 2023 here.

Granite Construction saw a increase in short interest in November. As of November 15th, there was short interest totaling 4,570,000 shares, an increase of 13.1% from the October 31st total of 4,040,000 shares. Based on an average trading volume of 317,400 shares, the short-interest ratio is presently 14.4 days. Currently, 10.5% of the shares of the stock are short sold.
View Granite Construction's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 15th 2024.
View our GVA earnings forecast.

Granite Construction Incorporated (NYSE:GVA) released its quarterly earnings data on Tuesday, October, 31st. The construction company reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.28. The construction company had revenue of $1.12 billion for the quarter. Granite Construction had a trailing twelve-month return on equity of 13.10% and a net margin of 1.18%.

Granite Construction declared a quarterly dividend on Wednesday, September 13th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.13 per share on Friday, October 13th. This represents a $0.52 annualized dividend and a yield of 1.11%. The ex-dividend date is Thursday, September 28th.
Read our dividend analysis for GVA.

Granite Construction (NYSE:GVA) pays an annual dividend of $0.52 per share and currently has a dividend yield of 1.11%. The dividend payout ratio is 77.61%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, GVA will have a dividend payout ratio of 12.38% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GVA.

ETFs with the largest weight of Granite Construction (NYSE:GVA) stock in their portfolio include First Trust RBA American Industrial Renaissance ETF (AIRR) and Invesco S&P SmallCap Industrials ETF (PSCI).SPDR S&P 600 Small Cap ETF (SLY).

4 employees have rated Granite Construction Chief Executive Officer Kyle T. Larkin on Glassdoor.com. Kyle T. Larkin has an approval rating of 100% among the company's employees. This puts Kyle T. Larkin in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Granite Construction investors own include U.S. Silica (SLCA), Alibaba Group (BABA), Enterprise Products Partners (EPD), AT&T (T), Applied Materials (AMAT), JD.com (JD), NVIDIA (NVDA), Ford Motor (F), The Hain Celestial Group (HAIN) and Carnival Co. & (CCL).

Granite Construction's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include FMR LLC (8.15%), Fuller & Thaler Asset Management Inc. (6.54%), William Blair Investment Management LLC (2.42%), Bank of New York Mellon Corp (2.25%), Morgan Stanley (1.92%) and Mizuho Markets Americas LLC (1.76%).
View institutional ownership trends.

Shares of GVA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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