Granite Construction (NYSE:GVA) Price Target Lowered to $119.00 at The Goldman Sachs Group

Granite Construction (NYSE:GVA) had its price target trimmed by The Goldman Sachs Group from $139.00 to $119.00 in a research report released on Friday,Benzinga reports. The brokerage currently has a sell rating on the construction company’s stock.

Other research analysts also recently issued reports about the company. Weiss Ratings downgraded Granite Construction from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. Wall Street Zen lowered shares of Granite Construction from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Oppenheimer lifted their price target on Granite Construction from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday. Zacks Research upgraded shares of Granite Construction to a “hold” rating in a research report on Friday, May 29th. Finally, Stephens started coverage on Granite Construction in a research report on Friday, June 26th. They set an “overweight” rating and a $180.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $158.50.

Granite Construction Stock Up 5.0%

NYSE:GVA opened at $120.63 on Friday. Granite Construction has a twelve month low of $89.80 and a twelve month high of $162.08. The company has a market cap of $5.28 billion, a price-to-earnings ratio of -27.99 and a beta of 1.29. The stock has a fifty day simple moving average of $136.77 and a 200-day simple moving average of $130.49. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 1.46.

Granite Construction (NYSE:GVA) last issued 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). The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.41 billion. Granite Construction had a positive return on equity of 27.83% and a negative net margin of 3.32%.Granite Construction’s revenue was up 28.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.42 earnings per share. Analysts anticipate that Granite Construction will post 6.14 EPS for the current year.

Granite Construction Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Tuesday, June 30th. Granite Construction’s dividend payout ratio (DPR) is presently -12.06%.

Insider Transactions at Granite Construction

In related news, SVP Michael G. Tatusko sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $141.00, for a total transaction of $1,057,500.00. Following the sale, the senior vice president directly owned 29,787 shares in the company, valued at approximately $4,199,967. This represents a 20.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Bradley Jay Williams sold 6,734 shares of Granite Construction stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $141.00, for a total transaction of $949,494.00. Following the completion of the transaction, the senior vice president owned 7,041 shares of the company’s stock, valued at $992,781. This represents a 48.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.88% of the company’s stock.

Institutional Investors Weigh In On Granite Construction

Several institutional investors have recently added to or reduced their stakes in the business. First Trust Advisors LP boosted its holdings in Granite Construction by 52.8% in the first quarter. First Trust Advisors LP now owns 1,397,573 shares of the construction company’s stock valued at $167,541,000 after purchasing an additional 483,080 shares in the last quarter. UBS Group AG lifted its position in shares of Granite Construction by 262.8% during the 4th quarter. UBS Group AG now owns 647,589 shares of the construction company’s stock worth $74,699,000 after buying an additional 469,079 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Granite Construction by 254.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 503,906 shares of the construction company’s stock valued at $58,126,000 after buying an additional 361,741 shares in the last quarter. Norges Bank purchased a new position in shares of Granite Construction in the 4th quarter valued at $36,405,000. Finally, Qube Research & Technologies Ltd raised its stake in Granite Construction by 87.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 556,054 shares of the construction company’s stock worth $60,971,000 after acquiring an additional 259,477 shares in the last quarter.

Granite Construction News Roundup

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%.

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.