Granite Construction (NYSE:GVA) Shares Cross Above 50 Day Moving Average – What’s Next?

Granite Construction Incorporated (NYSE:GVA) crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $115.78 and traded as high as $124.67. Granite Construction shares last traded at $121.4350, with a volume of 1,645,249 shares.

Key Headlines Impacting Granite Construction

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

• Positive Sentiment: Granite reported third-quarter adjusted EPS of $3.81, well above analyst estimates ranging from $3.22 to $3.29. Revenue rose 23.5% year over year to $1.77 billion, exceeding the approximately $1.70 billion consensus. Granite Construction Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: The company reported a record $7.5 billion backlog, supporting expectations for continued construction activity and future revenue visibility. Granite Construction Q3 2026 Earnings
• Positive Sentiment: Granite updated its full-year 2026 earnings guidance, with the outlook described as slightly above analyst expectations. That gives investors additional confidence that the strong quarter was not an isolated result. Granite Construction Updates 2026 Earnings Guidance
• Neutral Sentiment: Despite the earnings beat, Granite reported a negative net margin of 3.32%, while its debt-to-equity ratio was 1.46 and current ratio was near 1.0. These figures could limit enthusiasm if margins do not improve, even as operating demand remains strong. Granite Construction Earnings Report

Analysts Set New Price Targets

Several research analysts recently commented on the stock. The Goldman Sachs Group dropped their target price on shares of Granite Construction from $139.00 to $119.00 and set a “sell” rating on the stock in a report on Friday, July 31st. Weiss Ratings cut shares of Granite Construction from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, September 2nd. Wall Street Zen downgraded Granite Construction from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Finally, Oppenheimer upped their price target on Granite Construction from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $158.50.

Granite Construction Stock Up 8.7%

The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of -28.18 and a beta of 1.34. The firm’s 50-day simple moving average is $115.78 and its 200-day simple moving average is $126.39. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.94 and a current ratio of 1.01.

Granite Construction (NYSE:GVA) last issued its quarterly earnings results on Thursday, October 29th. The construction company reported $3.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $0.54. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.70 billion. Granite Construction had a positive return on equity of 27.83% and a negative net margin of 3.32%. The company’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.98 earnings per share. Sell-side analysts forecast that Granite Construction Incorporated will post 6.36 earnings per share for the current year.

Granite Construction Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th 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 of this dividend was Wednesday, September 30th. Granite Construction’s dividend payout ratio (DPR) is presently -12.06%.

Insider Buying and Selling at Granite Construction

In other news, Director Carlos M. Hernandez acquired 400 shares of the stock in a transaction dated Thursday, August 6th. The shares were acquired at an average cost of $123.99 per share, for a total transaction of $49,596.00. Following the completion of the transaction, the director owned 5,033 shares in the company, valued at approximately $624,041.67. This trade represents a 8.63% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.88% of the company’s stock.

Institutional Investors Weigh In On Granite Construction

Institutional investors have recently bought and sold shares of the business. Vise Technologies Inc. raised its stake in shares of Granite Construction by 38.8% in the 3rd quarter. Vise Technologies Inc. now owns 2,391 shares of the construction company’s stock valued at $277,000 after buying an additional 668 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in shares of Granite Construction by 5.7% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 20,500 shares of the construction company’s stock valued at $2,376,000 after acquiring an additional 1,100 shares in the last quarter. D.A. Davidson & CO. increased its stake in Granite Construction by 10.2% in the third quarter. D.A. Davidson & CO. now owns 43,698 shares of the construction company’s stock valued at $5,065,000 after acquiring an additional 4,027 shares during the period. Balance Wealth Partners LLC bought a new stake in Granite Construction in the third quarter valued at about $41,000. Finally, Oppenheimer & Co. Inc. raised its position in Granite Construction by 2.5% in the third quarter. Oppenheimer & Co. Inc. now owns 9,158 shares of the construction company’s stock worth $1,062,000 after purchasing an additional 227 shares in the last quarter.

Granite Construction Company Profile

Granite Construction Incorporated (NYSE:GVA) is an infrastructure construction company that provides engineering, construction and rehabilitation services for public and private-sector clients. The company’s work supports transportation, water and other essential infrastructure projects across the United States.

Granite’s transportation activities include the construction and maintenance of highways, roads, bridges, airports, rail systems and other transit facilities. Its water-related services include the development and improvement of water treatment and distribution systems, wastewater facilities, dams, pipelines and related infrastructure.