Granite Construction (GVA) Receives News Impact Rating of -0.08
News headlines about Granite Construction (NYSE:GVA) have trended somewhat negative on Friday, AlphaOne Sentiment reports. AlphaOne, a service of Accern, ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Granite Construction earned a news impact score of -0.08 on AlphaOne’s scale. AlphaOne also assigned news articles about the construction company an impact score of 33 out of 100, meaning that recent press coverage is unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have impacted AlphaOne’s scoring:
- Granite Named One of America’s “Most Trustworthy Companies” for the Third Consecutive Year (finance.yahoo.com)
- Granite Construction Enters Oversold Territory (GVA) (nasdaq.com)
- Insider Trading Activity Granite Construction Inc. (NYSE:GVA) – Director Bought 200 shares of Stock (4-traders.com)
- Research Reports Initiation on Industrial Goods Stocks — CRH PLC, CEMEX, Eagle Materials, and Granite Construction (bizjournals.com)
- Granite Construction : Research Reports Initiation on Industrial Goods Stocks — CRH PLC, CEMEX, Eagle Materials, and Granite Construction (4-traders.com)
Several analysts recently weighed in on the company. MKM Partners restated a “buy” rating and issued a $62.00 price objective on shares of Granite Construction in a report on Wednesday, March 15th. Cowen and Company restated an “outperform” rating and issued a $70.00 price objective on shares of Granite Construction in a report on Thursday, March 30th. Griffin Securities restated a “buy” rating on shares of Granite Construction in a report on Friday, March 10th. Zacks Investment Research upgraded Granite Construction from a “sell” rating to a “hold” rating in a report on Tuesday, February 14th. Finally, DA Davidson restated a “neutral” rating on shares of Granite Construction in a report on Monday, February 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $61.25.
Granite Construction (NYSE:GVA) opened at 46.475 on Friday. Granite Construction has a one year low of $40.25 and a one year high of $62.18. The company has a market capitalization of $1.85 billion, a P/E ratio of 42.953 and a beta of 1.47. The firm has a 50-day moving average of $51.32 and a 200-day moving average of $53.78.
Granite Construction (NYSE:GVA) last posted its quarterly earnings results on Tuesday, May 2nd. The construction company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by $0.35. The company had revenue of $468.40 million during the quarter, compared to analyst estimates of $458.65 million. Granite Construction had a net margin of 2.77% and a return on equity of 7.85%. Granite Construction’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.26) EPS. On average, analysts anticipate that Granite Construction will post $1.82 earnings per share for the current year.
In other news, insider Laurel J. Krzeminski sold 3,174 shares of the firm’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $50.11, for a total transaction of $159,049.14. Following the sale, the insider now owns 54,854 shares of the company’s stock, valued at approximately $2,748,733.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is owned by company insiders.
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. The Company operates across the nation, serving both public and private sector clients.
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