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Granite Construction (NYSE:GVA) Director Rebecca Ann Mcdonald unloaded 6,886 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $34.41, for a total value of $236,947.26. Following the sale, the director now directly owns 19,154 shares in the company, valued at approximately $659,089. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Separately, analysts at Zacks upgraded shares of Granite Construction from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 30th. They now have a $34.60 price target on the stock. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Granite Construction has a consensus rating of “Hold” and an average price target of $35.40.

Granite Construction (NYSE:GVA) traded up 0.09% on Thursday, hitting $34.61. 96,981 shares of the company’s stock traded hands. Granite Construction has a 52 week low of $27.88 and a 52 week high of $40.55. The stock has a 50-day moving average of $34.89 and a 200-day moving average of $36.03. The company’s market cap is $1.355 billion.

Granite Construction (NYSE:GVA) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.09. The company had revenue of $585.90 million for the quarter, compared to the consensus estimate of $640.16 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 6.5% 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.

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

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