Share on StockTwits

Granite Construction (NYSE:GVA) SVP Thomas Scott Case sold 5,000 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $35.99, for a total value of $179,950.00. Following the completion of the sale, the senior vice president now directly owns 15,626 shares in the company, valued at approximately $562,380. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Granite Construction (NYSE:GVA) traded up 1.13% on Monday, hitting $36.75. The stock had a trading volume of 125,831 shares. Granite Construction has a 1-year low of $27.88 and a 1-year high of $40.55. The stock’s 50-day moving average is $36.30 and its 200-day moving average is $35.30. The company’s market cap is $1.437 billion.

Granite Construction (NYSE:GVA) last posted its quarterly earnings results on Wednesday, April 30th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by $0.16. The company had revenue of $379.80 million for the quarter, compared to the consensus estimate of $426.95 million. During the same quarter in the previous year, the company posted ($0.57) earnings per share. The company’s quarterly revenue was up .3% on a year-over-year basis. On average, analysts predict that Granite Construction will post $1.47 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Thursday, June 26th.

A number of analysts have recently weighed in on GVA shares. Analysts at Zacks upgraded shares of Granite Construction from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 30th. They now have a $38.20 price target on the stock. Analysts at Ned Davis Research upgraded shares of Granite Construction from a “sell” rating to a “neutral” rating in a research note on Monday, April 21st. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $36.30.

Granite Construction Incorporated is a diversified heavy civil contractors and construction materials producers in the United States.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.