Somewhat Positive News Coverage Somewhat Unlikely to Impact Granite Construction (GVA) Share Price

Media coverage about Granite Construction (NYSE:GVA) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Granite Construction earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the construction company an impact score of 47.2036280489091 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Several brokerages have commented on GVA. DA Davidson restated a “hold” rating and set a $65.00 target price on shares of Granite Construction in a research report on Monday, October 30th. B. Riley restated a “buy” rating on shares of Granite Construction in a research report on Wednesday, November 1st. Canaccord Genuity boosted their target price on shares of Granite Construction from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. Zacks Investment Research upgraded shares of Granite Construction from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Cowen restated a “buy” rating and set a $70.00 target price on shares of Granite Construction in a research report on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $67.13.

Shares of Granite Construction (GVA) opened at $67.15 on Friday. The company has a market cap of $2,680.00, a price-to-earnings ratio of 51.26, a price-to-earnings-growth ratio of 2.97 and a beta of 1.25. Granite Construction has a 1 year low of $45.14 and a 1 year high of $67.90. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.71 and a current ratio of 1.79.

Granite Construction (NYSE:GVA) last released its quarterly earnings data on Friday, October 27th. The construction company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.10 by $0.04. Granite Construction had a net margin of 1.84% and a return on equity of 5.71%. The business had revenue of $957.10 million for the quarter, compared to analyst estimates of $905.14 million. During the same period in the previous year, the firm earned $0.92 EPS. The business’s revenue for the quarter was up 19.1% compared to the same quarter last year. sell-side analysts predict that Granite Construction will post 1.56 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.52 annualized dividend and a dividend yield of 0.77%. Granite Construction’s dividend payout ratio is presently 39.69%.

In related news, Director Claes Bjork sold 1,264 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $63.05, for a total value of $79,695.20. Following the sale, the director now directly owns 50,972 shares in the company, valued at approximately $3,213,784.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William Howard Powell sold 3,103 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $63.85, for a total transaction of $198,126.55. Following the completion of the sale, the director now owns 46,771 shares in the company, valued at $2,986,328.35. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

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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.

Insider Buying and Selling by Quarter for Granite Construction (NYSE:GVA)

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