FY2025 EPS Forecast for Granite Construction Cut by Analyst

Granite Construction Incorporated (NYSE:GVA) – Equities researchers at DA Davidson reduced their FY2025 earnings per share estimates for shares of Granite Construction in a research note issued on Tuesday, November 11th. DA Davidson analyst B. Thielman now forecasts that the construction company will post earnings of $6.02 per share for the year, down from their previous forecast of $6.10. DA Davidson has a “Buy” rating and a $130.00 price objective on the stock. The consensus estimate for Granite Construction’s current full-year earnings is $5.49 per share. DA Davidson also issued estimates for Granite Construction’s FY2026 earnings at $6.38 EPS.

Granite Construction (NYSE:GVA) last posted its quarterly earnings data on Thursday, November 6th. The construction company reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.14. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Granite Construction had a return on equity of 21.64% and a net margin of 3.89%.Granite Construction’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.05 earnings per share. Granite Construction has set its FY 2025 guidance at EPS.

GVA has been the subject of a number of other reports. Wall Street Zen downgraded Granite Construction from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Granite Construction in a report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $103.00.

Granite Construction Trading Down 0.1%

GVA traded down $0.07 during midday trading on Thursday, reaching $102.41. 75,030 shares of the company were exchanged, compared to its average volume of 628,860. Granite Construction has a one year low of $69.08 and a one year high of $112.16. The stock has a market capitalization of $4.48 billion, a P/E ratio of 33.47 and a beta of 1.42. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.57. The stock’s 50-day simple moving average is $106.18 and its 200 day simple moving average is $98.17.

Granite Construction Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $0.13 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.52 annualized dividend and a dividend yield of 0.5%. Granite Construction’s payout ratio is currently 14.99%.

Insider Transactions at Granite Construction

In related news, SVP Brian R. Dowd sold 2,025 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $110.16, for a total transaction of $223,074.00. Following the completion of the transaction, the senior vice president directly owned 14,685 shares in the company, valued at approximately $1,617,699.60. The trade was a 12.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Michael G. Tatusko sold 2,000 shares of Granite Construction stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $110.00, for a total value of $220,000.00. Following the sale, the senior vice president directly owned 29,241 shares in the company, valued at $3,216,510. This trade represents a 6.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 5,525 shares of company stock valued at $608,314 in the last three months. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of Granite Construction

Several institutional investors and hedge funds have recently made changes to their positions in the business. Nuveen LLC bought a new position in shares of Granite Construction during the 1st quarter worth $21,966,000. Conversant Capital LLC bought a new stake in Granite Construction during the 1st quarter valued at $21,490,000. Norges Bank purchased a new position in shares of Granite Construction in the 2nd quarter valued at $24,812,000. RPG Investment Advisory LLC lifted its stake in shares of Granite Construction by 106.6% during the 1st quarter. RPG Investment Advisory LLC now owns 472,566 shares of the construction company’s stock worth $35,632,000 after purchasing an additional 243,875 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its position in Granite Construction by 95.2% during the first quarter. Cubist Systematic Strategies LLC now owns 454,501 shares of the construction company’s stock valued at $34,269,000 after purchasing an additional 221,709 shares in the last quarter.

Granite Construction Company Profile

Granite Construction Incorporated operates as an infrastructure contractor 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 and water-related construction for municipal agencies, commercial water suppliers, industrial facilities, and energy companies; and construction of various complex projects, including infrastructure/site development, mining, public safety, tunnel, solar storage, and power related projects.