Granite Construction Inc. (NYSE:GVA) Director James Hildebrand Roberts sold 4,175 shares of the stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $52.00, for a total value of $217,100.00. Following the sale, the director now owns 41,095 shares of the company’s stock, valued at $2,136,940. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

James Hildebrand Roberts also recently made the following trade(s):

  • On Monday, November 7th, James Hildebrand Roberts sold 6,612 shares of Granite Construction stock. The stock was sold at an average price of $48.00, for a total value of $317,376.00.
  • On Wednesday, September 7th, James Hildebrand Roberts sold 6,612 shares of Granite Construction stock. The stock was sold at an average price of $49.18, for a total value of $325,178.16.

Shares of Granite Construction Inc. (NYSE:GVA) opened at 57.53 on Monday. Granite Construction Inc. has a 12 month low of $35.69 and a 12 month high of $57.69. The firm has a market capitalization of $2.28 billion, a P/E ratio of 33.49 and a beta of 1.42. The stock has a 50 day moving average price of $47.42 and a 200 day moving average price of $46.54.

Granite Construction (NYSE:GVA) last posted its quarterly earnings data on Friday, October 28th. The company reported $0.92 EPS for the quarter, missing the consensus estimate of $0.98 by $0.06. The company earned $803.90 million during the quarter, compared to the consensus estimate of $826.52 million. Granite Construction had a net margin of 2.77% and a return on equity of 7.85%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 earnings per share. On average, analysts expect that Granite Construction Inc. will post $1.53 earnings per share for the current year.

Insider Buying and Selling by Quarter for Granite Construction (NYSE:GVA)

Several equities analysts have commented on the stock. MKM Partners increased their target price on shares of Granite Construction from $51.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, July 19th. Seaport Global Securities raised shares of Granite Construction from a “neutral” rating to a “buy” rating and increased their target price for the stock from $49.00 to $60.00 in a research report on Monday, August 1st. FBR & Co increased their target price on shares of Granite Construction from $48.00 to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 2nd. Janney Montgomery Scott reissued a “hold” rating and set a $53.00 target price on shares of Granite Construction in a research report on Tuesday, August 16th. Finally, DA Davidson reissued a “hold” rating and set a $53.00 target price on shares of Granite Construction in a research report on Tuesday, August 16th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $53.50.

A number of large investors have recently bought and sold shares of GVA. Independent Portfolio Consultants Inc. boosted its stake in Granite Construction by 40.3% in the second quarter. Independent Portfolio Consultants Inc. now owns 17,165 shares of the company’s stock valued at $782,000 after buying an additional 4,930 shares in the last quarter. BNP Paribas Arbitrage SA bought a new stake in Granite Construction during the second quarter valued at approximately $804,000. Cutler Group LP bought a new stake in Granite Construction during the first quarter valued at approximately $100,000. Metropolitan Life Insurance Co. NY boosted its stake in Granite Construction by 2.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 62,622 shares of the company’s stock valued at $2,993,000 after buying an additional 1,384 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Granite Construction by 96.5% in the first quarter. Renaissance Technologies LLC now owns 318,200 shares of the company’s stock valued at $15,210,000 after buying an additional 156,300 shares in the last quarter. 94.47% of the stock is currently owned by institutional investors and hedge funds.

Granite Construction Company Profile

Granite Construction Incorporated is a heavy civil contractor and construction materials producer in the United States. The Company operates through three segments: Construction, Large Project Construction and Construction Materials. Its Construction segment performs construction management, as well as various civil construction projects with a portion of the work focused on new construction and improvement of streets, roads, highways, bridges, site work, underground, power-related facilities, water-related facilities, utilities and other infrastructure projects.

5 Day Chart for NYSE:GVA

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