Public Sector Pension Investment Board Buys 21,749 Shares of Granite Construction Incorporated $GVA

Public Sector Pension Investment Board boosted its stake in shares of Granite Construction Incorporated (NYSE:GVA) by 14.6% during the third quarter, Holdings Channel.com reports. The fund owned 170,813 shares of the construction company’s stock after acquiring an additional 21,749 shares during the period. Public Sector Pension Investment Board’s holdings in Granite Construction were worth $18,730,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC bought a new stake in shares of Granite Construction during the 3rd quarter valued at $26,000. Salomon & Ludwin LLC bought a new stake in Granite Construction during the third quarter worth about $42,000. Federated Hermes Inc. lifted its position in Granite Construction by 94.6% during the third quarter. Federated Hermes Inc. now owns 436 shares of the construction company’s stock worth $48,000 after purchasing an additional 212 shares during the period. Hantz Financial Services Inc. grew its stake in Granite Construction by 222.8% during the third quarter. Hantz Financial Services Inc. now owns 707 shares of the construction company’s stock worth $78,000 after buying an additional 488 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in Granite Construction by 31.5% in the 3rd quarter. Blue Trust Inc. now owns 898 shares of the construction company’s stock valued at $98,000 after buying an additional 215 shares during the period.

Analysts Set New Price Targets

GVA has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price target on shares of Granite Construction from $109.00 to $124.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Granite Construction in a report on Monday, December 29th. DA Davidson lifted their price target on Granite Construction from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Friday. Zacks Research upgraded Granite Construction from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Wall Street Zen lowered Granite Construction from a “buy” rating to a “hold” rating in a research note on Saturday. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $139.50.

Insider Buying and Selling

In other Granite Construction news, Director Celeste Beeks Mastin sold 7,614 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $105.23, for a total value of $801,221.22. Following the completion of the transaction, the director directly owned 10,206 shares in the company, valued at approximately $1,073,977.38. This represents a 42.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.00% of the stock is currently owned by corporate insiders.

Granite Construction News Roundup

Here are the key news stories impacting Granite Construction this week:

• Positive Sentiment: Q4 results beat expectations — Granite reported adjusted EPS of $1.40 (vs. $1.34 consensus) and revenue of $1.17B, up ~19% year‑over‑year; management highlighted improved margins and strong backlog conversion. Business Wire: Q4 Results
• Positive Sentiment: Raised FY‑2026 revenue outlook — company gave a revenue range of $4.9B–$5.1B and signaled momentum into 2026, supporting growth expectations and pushing upward guidance sensitivity. Investing.com: Revenue Outlook
• Positive Sentiment: Management outlined 6%–8% organic growth target for 2026 driven by acquisitions and margin expansion — clear growth targets give investors a roadmap for revenue and profit improvement. Seeking Alpha: 2026 Growth Targets
• Neutral Sentiment: Analyst upgrade and price‑target lift — DA Davidson moved to a “buy” and raised its target to $155, implying material upside from current levels and providing a near‑term catalyst for momentum. Benzinga: DA Davidson Upgrade
• Neutral Sentiment: Dividend declared — Granite set a $0.13 quarterly dividend (ex‑div March 31, pay April 15), a modest yield (~0.4%) that supports shareholder return but is not a major income draw.
• Negative Sentiment: Valuation and expectations — the stock trades at a relatively rich multiple (PE ~37.7), so much of the positive lean on continued margin expansion and execution; any slippage in backlog conversion or cost pressure could weigh on shares.

Granite Construction Trading Up 1.3%

NYSE GVA opened at $130.86 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.22 and a debt-to-equity ratio of 0.79. Granite Construction Incorporated has a twelve month low of $69.08 and a twelve month high of $136.63. The company has a market cap of $5.71 billion, a price-to-earnings ratio of 35.75 and a beta of 1.34. The business’s fifty day moving average is $120.28 and its 200 day moving average is $110.79.

Granite Construction (NYSE:GVA) last issued its earnings results on Thursday, February 12th. The construction company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.06. Granite Construction had a return on equity of 24.10% and a net margin of 4.36%.The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the prior year, the firm earned $1.23 EPS. The business’s revenue for the quarter was up 19.2% compared to the same quarter last year. As a group, sell-side analysts expect that Granite Construction Incorporated will post 5.49 EPS for the current fiscal year.

Granite Construction Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Tuesday, March 31st. Granite Construction’s dividend payout ratio (DPR) is 14.21%.

Granite Construction Profile

Granite Construction Inc is a publicly traded heavy civil contractor and construction materials producer based in Watsonville, California. The company specializes in delivering large-scale infrastructure projects for government and private clients, focusing on the development, rehabilitation and maintenance of transportation, water resource and industrial facilities. Its turnkey solutions span the full project lifecycle, from preconstruction and design-build to construction management and facilities maintenance.

In its construction segment, Granite undertakes highway and bridge building, airport runway and taxiway construction, marine terminal and port improvements, dam and reservoir projects, transit systems and underground utilities.