Several other research firms also recently commented on GVA. MKM Partners set a $61.00 target price on Granite Construction and gave the company a “buy” rating in a research report on Friday, March 22nd. Zacks Investment Research downgraded Granite Construction from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $59.60.
Shares of NYSE GVA opened at $46.53 on Tuesday. Granite Construction has a twelve month low of $38.55 and a twelve month high of $60.11. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.96 and a current ratio of 2.09. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 19.88, a price-to-earnings-growth ratio of 1.87 and a beta of 1.20.
Institutional investors have recently bought and sold shares of the company. NumerixS Investment Technologies Inc acquired a new position in shares of Granite Construction in the fourth quarter valued at approximately $48,000. Essex Investment Management Co. LLC bought a new stake in shares of Granite Construction in the fourth quarter valued at approximately $199,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Granite Construction in the fourth quarter valued at approximately $201,000. Rowland & Co. Investment Counsel ADV boosted its stake in shares of Granite Construction by 13.6% in the fourth quarter. Rowland & Co. Investment Counsel ADV now owns 5,020 shares of the construction company’s stock valued at $202,000 after buying an additional 600 shares during the period. Finally, Neuburgh Advisers LLC boosted its stake in shares of Granite Construction by 15.9% in the fourth quarter. Neuburgh Advisers LLC now owns 5,302 shares of the construction company’s stock valued at $214,000 after buying an additional 726 shares during the period. 96.76% of the stock is currently owned by institutional investors.
About Granite Construction
Granite Construction Incorporated operates as an infrastructure contractor and a construction materials producer in the United States. The company operates through Transportation, Water, Specialty, and Materials segments. The Transportation segment engages in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, and marine ports.
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