Hsbc Holdings PLC Reduces Stock Position in Granite Construction Incorporated $GVA

Hsbc Holdings PLC lessened its holdings in shares of Granite Construction Incorporated (NYSE:GVA) by 81.8% during the first quarter, Holdings Channel reports. The firm owned 3,982 shares of the construction company’s stock after selling 17,842 shares during the quarter. Hsbc Holdings PLC’s holdings in Granite Construction were worth $478,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of GVA. Leuthold Group LLC increased its stake in shares of Granite Construction by 1,591.8% during the fourth quarter. Leuthold Group LLC now owns 45,223 shares of the construction company’s stock valued at $5,216,000 after buying an additional 42,550 shares during the period. Louisiana State Employees Retirement System purchased a new stake in Granite Construction in the first quarter worth $2,314,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Granite Construction by 32.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,586 shares of the construction company’s stock valued at $2,144,000 after acquiring an additional 4,506 shares in the last quarter. Intech Investment Management LLC increased its position in Granite Construction by 247.4% during the 4th quarter. Intech Investment Management LLC now owns 118,338 shares of the construction company’s stock valued at $13,650,000 after purchasing an additional 84,277 shares during the period. Finally, Mizuho Markets Cayman LP increased its position in Granite Construction by 8.7% during the 4th quarter. Mizuho Markets Cayman LP now owns 200,006 shares of the construction company’s stock valued at $23,071,000 after purchasing an additional 16,000 shares during the period.

Granite Construction Price Performance

Shares of GVA opened at $120.63 on Friday. Granite Construction Incorporated has a fifty-two week low of $89.80 and a fifty-two week high of $162.08. The firm’s 50-day simple moving average is $136.77 and its two-hundred day simple moving average is $130.49. The stock has a market cap of $5.28 billion, a PE ratio of -27.99 and a beta of 1.29. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.97 and a current ratio of 1.01.

Granite Construction (NYSE:GVA) last released its earnings results on Thursday, July 30th. The construction company reported $2.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.09). Granite Construction had a negative net margin of 3.32% and a positive return on equity of 27.83%. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the previous year, the business posted $1.42 earnings per share. Granite Construction’s revenue for the quarter was up 28.8% on a year-over-year basis. Analysts anticipate that Granite Construction Incorporated will post 6.14 earnings per share for the current fiscal year.

Granite Construction Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.13 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.52 dividend on an annualized basis and a yield of 0.4%. Granite Construction’s payout ratio is presently -12.06%.

Analyst Upgrades and Downgrades

GVA has been the subject of several research analyst reports. Stephens assumed coverage on shares of Granite Construction in a research report on Friday, June 26th. They issued an “overweight” rating and a $180.00 target price for the company. Weiss Ratings lowered shares of Granite Construction from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. Oppenheimer upped their target price on Granite Construction from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday. The Goldman Sachs Group decreased their target price on Granite Construction from $139.00 to $119.00 and set a “sell” rating for the company in a research report on Friday. Finally, Wall Street Zen lowered Granite Construction from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Granite Construction has a consensus rating of “Moderate Buy” and an average price target of $158.50.

Insiders Place Their Bets

In other Granite Construction news, SVP Bradley Jay Williams sold 6,734 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $141.00, for a total value of $949,494.00. Following the sale, the senior vice president directly owned 7,041 shares of the company’s stock, valued at approximately $992,781. The trade was a 48.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Michael G. Tatusko sold 7,500 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $141.00, for a total value of $1,057,500.00. Following the completion of the sale, the senior vice president directly owned 29,787 shares in the company, valued at approximately $4,199,967. This represents a 20.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.88% of the company’s stock.

Trending Headlines about Granite Construction

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

• Positive Sentiment: Raised revenue outlook: Granite increased its 2026 revenue guidance to $5.3 billion–$5.5 billion and lifted its 2027 organic-growth outlook to above 10%. Management cited continued federal, state and private infrastructure funding as key growth drivers. Granite outlines 2026 revenue outlook
• Positive Sentiment: Revenue beat expectations: Second-quarter revenue rose approximately 29% year over year to $1.46 billion, exceeding the roughly $1.41 billion consensus estimate. Adjusted EBITDA also increased 22% to about $186 million, with public infrastructure activity providing the main source of momentum. Granite Reports Second Quarter 2026 Results
• Positive Sentiment: Bullish analyst view: Oppenheimer raised its price target from $170 to $180 and maintained an “outperform” rating, implying substantial upside based on the supplied reference price. Oppenheimer raises Granite price target
• Neutral Sentiment: Analyst opinions diverged: Goldman Sachs cut its target from $139 to $119 and assigned a “sell” rating, citing limited near-term upside, while Oppenheimer took the opposite view. This split highlights uncertainty around valuation and execution.
• Negative Sentiment: Headline loss and cost pressures: Granite reported a $278 million net loss, or $(6.36) per share, versus prior-year profit. The loss primarily reflected a $360 million non-operating charge tied to convertible-note transactions. Adjusted EPS of $2.16 also fell short of the $2.25 consensus, while severe Southeast weather and higher quarry-development costs pressured materials margins. Adjusted EBITDA margin guidance remained unchanged at 12.25%–13.25%.

About Granite Construction

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.