News articles about Granite Construction (NYSE:GVA) have been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Granite Construction earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the construction company an impact score of 47.2036280489091 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of Granite Construction (NYSE GVA) traded down $5.39 during trading on Monday, reaching $59.35. 380,017 shares of the company were exchanged, compared to its average volume of 197,597. The stock has a market cap of $2,579.94, a price-to-earnings ratio of 46.01, a PEG ratio of 2.85 and a beta of 1.21. Granite Construction has a 1 year low of $45.14 and a 1 year high of $68.58. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.79 and a quick ratio of 1.71.
The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date was Thursday, December 28th. Granite Construction’s dividend payout ratio is presently 40.31%.
Several brokerages have weighed in on GVA. B. Riley reaffirmed a “buy” rating on shares of Granite Construction in a research report on Wednesday, November 1st. Zacks Investment Research raised shares of Granite Construction from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Seaport Global Securities lowered shares of Granite Construction from a “buy” rating to a “neutral” rating and set a $64.00 target price on the stock. in a research note on Wednesday, October 11th. DA Davidson reissued a “hold” rating and set a $65.00 target price on shares of Granite Construction in a research note on Monday, October 30th. Finally, Canaccord Genuity increased their target price on shares of Granite Construction from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $69.00.
In other Granite Construction news, Director William Howard Powell sold 3,103 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $63.85, for a total value of $198,126.55. Following the transaction, the director now directly owns 46,771 shares of the company’s stock, valued at approximately $2,986,328.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Claes Bjork sold 1,264 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $63.05, for a total transaction of $79,695.20. Following the completion of the transaction, the director now directly owns 50,972 shares in the company, valued at $3,213,784.60. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
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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.
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