Several other equities research analysts also recently weighed in on the company. TheStreet raised Granite Construction from a “c+” rating to a “b-” rating in a research report on Wednesday, November 9th. The Goldman Sachs Group decreased their target price on Granite Construction from $32.00 to $28.00 and set a “sell” rating for the company in a research report on Friday, October 14th.
Granite Construction Price Performance
Shares of NYSE GVA opened at $39.67 on Friday. Granite Construction has a 1-year low of $25.35 and a 1-year high of $39.85. The business has a 50-day moving average of $35.86 and a 200-day moving average of $31.76. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.52 and a quick ratio of 1.44. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 31.48 and a beta of 1.39.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of GVA. Ronald Blue Trust Inc. lifted its stake in shares of Granite Construction by 85.6% in the fourth quarter. Ronald Blue Trust Inc. now owns 1,201 shares of the construction company’s stock worth $30,000 after acquiring an additional 554 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Granite Construction by 351.6% in the third quarter. Quadrant Capital Group LLC now owns 2,601 shares of the construction company’s stock worth $66,000 after acquiring an additional 2,025 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Granite Construction in the second quarter worth about $107,000. KBC Group NV acquired a new position in shares of Granite Construction in the second quarter worth about $110,000. Finally, Captrust Financial Advisors lifted its stake in shares of Granite Construction by 38.0% in the first quarter. Captrust Financial Advisors now owns 5,808 shares of the construction company’s stock worth $191,000 after acquiring an additional 1,598 shares in the last quarter. Institutional investors and hedge funds own 98.77% of the company’s stock.
About Granite Construction
Granite Construction Incorporated operates as an infrastructure contractor and a construction materials producer in the United States. It operates through two segments, Construction and Materials segments. The Construction segment engages in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure, and site development for use by the public.
- Get a free copy of the StockNews.com research report on Granite Construction (GVA)
- MarketBeat Week in Review – 1/16 – 1/20
- Does Old Dominion Show That Trucking Is Hitting The Brakes?
- Nordstrom Puts Fear Of Markdowns Into Retail Sector
- Exxon Mobil Stock: Within Striking Distance Of Buy Point
- High-Dividend-Yielding BHP Sees China Driving ’23 Growth
Receive News & Ratings for Granite Construction Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Granite Construction and related companies with MarketBeat.com's FREE daily email newsletter.