Granite Construction (GVA) Given Media Impact Rating of 0.20
News headlines about Granite Construction (NYSE:GVA) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Granite Construction earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news articles about the construction company an impact score of 45.7255799796339 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s rankings:
- Granite Construction : Awarded $41 Million Airport Project in Southern California (4-traders.com)
- Granite Awarded $41 Million Airport Project in Southern California (finance.yahoo.com)
- Granite Construction Incorporated (GVA) Plans $0.13 Quarterly Dividend (americanbankingnews.com)
- Why Granite Construction (GVA) Stock Might be a Great Pick (finance.yahoo.com)
- Granite Construction (GVA) versus The Competition Head to Head Contrast (americanbankingnews.com)
A number of research firms have weighed in on GVA. FBR & Co boosted their target price on shares of Granite Construction from $63.00 to $68.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 1st. Canaccord Genuity reissued a “buy” rating and set a $70.00 target price on shares of Granite Construction in a research report on Saturday, August 26th. BidaskClub raised shares of Granite Construction from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 6th. Finally, Zacks Investment Research raised shares of Granite Construction from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. Granite Construction has an average rating of “Buy” and an average target price of $63.67.
Granite Construction (NYSE GVA) opened at 56.96 on Friday. The firm’s 50-day moving average is $52.91 and its 200-day moving average is $50.58. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 51.83 and a beta of 1.17. Granite Construction has a 52-week low of $42.59 and a 52-week high of $62.18.
Granite Construction (NYSE:GVA) last announced its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.25). Granite Construction had a net margin of 1.61% and a return on equity of 4.80%. The firm had revenue of $762.90 million during the quarter, compared to the consensus estimate of $684.32 million. During the same period last year, the business earned $0.35 EPS. The business’s revenue was up 26.2% on a year-over-year basis. Analysts forecast that Granite Construction will post $1.55 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, September 28th. Granite Construction’s dividend payout ratio (DPR) is presently 48.60%.
In other news, insider James D. Richards sold 4,000 shares of Granite Construction stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $55.50, for a total value of $222,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.
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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