Granite Construction Incorporated $GVA Shares Sold by Y Intercept Hong Kong Ltd

Posted by Francis Steltz on Jul 12th, 2026

Y Intercept Hong Kong Ltd lessened its holdings in Granite Construction Incorporated (NYSE:GVA – Free Report) by 82.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 9,574 shares of the construction company’s stock after selling 43,716 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Granite Construction were worth $1,148,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of GVA. Mizuho Markets Cayman LP boosted its position in shares of Granite Construction by 569.9% during the 3rd quarter. Mizuho Markets Cayman LP now owns 1,339,818 shares of the construction company’s stock worth $151,064,000 after acquiring an additional 1,139,818 shares in the last quarter. UBS Group AG boosted its holdings in Granite Construction by 262.8% in the fourth quarter. UBS Group AG now owns 647,589 shares of the construction company’s stock valued at $74,699,000 after purchasing an additional 469,079 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Granite Construction by 254.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 503,906 shares of the construction company’s stock valued at $58,126,000 after purchasing an additional 361,741 shares in the last quarter. Norges Bank purchased a new position in Granite Construction in the fourth quarter valued at approximately $36,405,000. Finally, Qube Research & Technologies Ltd raised its holdings in Granite Construction by 87.5% during the third quarter. Qube Research & Technologies Ltd now owns 556,054 shares of the construction company’s stock worth $60,971,000 after purchasing an additional 259,477 shares in the last quarter.

Granite Construction Stock Performance

Shares of GVA traded down $2.65 during mid-day trading on Friday, hitting $122.93. 1,247,851 shares of the company’s stock were exchanged, compared to its average volume of 881,051. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 0.80. Granite Construction Incorporated has a fifty-two week low of $89.80 and a fifty-two week high of $162.08. The business’s 50 day moving average is $141.41 and its two-hundred day moving average is $130.07. The firm has a market capitalization of $5.38 billion, a P/E ratio of 35.43 and a beta of 1.29.

Granite Construction (NYSE:GVA – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The construction company reported $0.26 EPS for the quarter, beating the consensus estimate of ($0.77) by $1.03. Granite Construction had a return on equity of 24.90% and a net margin of 3.99%.The firm had revenue of $912.47 million during the quarter, compared to the consensus estimate of $782.26 million. During the same period in the prior year, the business earned $0.01 EPS. The firm’s revenue was up 30.4% compared to the same quarter last year. On average, equities analysts expect that Granite Construction Incorporated will post 6.14 earnings per share for the current year.

Granite Construction Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Tuesday, June 30th. Granite Construction’s dividend payout ratio (DPR) is 14.99%.

Insider Buying and Selling at Granite Construction

In other news, Director John Timothy Romer purchased 375 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was purchased at an average cost of $143.65 per share, with a total value of $53,868.75. Following the completion of the acquisition, the director directly owned 2,801 shares of the company’s stock, valued at approximately $402,363.65. This trade represents a 15.46% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Bradley Jay Williams sold 6,734 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $141.00, for a total transaction of $949,494.00. Following the completion of the sale, the senior vice president owned 7,041 shares of the company’s stock, valued at approximately $992,781. The trade was a 48.89% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.88% of the stock is currently owned by corporate insiders.

Key Granite Construction News

Here are the key news stories impacting Granite Construction this week:

Negative Sentiment: Goldman Sachs reiterated a sell rating on Granite Construction and lowered its price target to $139 from $141, signaling limited upside and a more cautious view on the company’s near-term prospects.
Negative Sentiment: Granite Construction was also downgraded by another analyst, adding to the pressure on the stock and reinforcing concerns about the infrastructure outlook.
Neutral Sentiment: The company announced redemption of its 2028 convertible notes, a balance-sheet event that should reduce future debt obligations but is unlikely to be the main driver of trading today. Granite Construction Announces Redemption of 2028 Convertible Notes

Analysts Set New Price Targets

A number of research firms recently commented on GVA. Zacks Research raised shares of Granite Construction to a “hold” rating in a research report on Friday, May 29th. Oppenheimer began coverage on shares of Granite Construction in a research note on Thursday, May 28th. They issued an “outperform” rating and a $170.00 price objective for the company. Weiss Ratings raised Granite Construction from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, July 6th. Stephens assumed coverage on Granite Construction in a research note on Friday, June 26th. They set an “overweight” rating and a $180.00 price target on the stock. Finally, Wall Street Zen upgraded Granite Construction from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $161.00.

View Our Latest Stock Analysis on GVA

About Granite Construction

(Free Report)

Granite Construction Inc is a publicly traded heavy civil contractor and construction materials producer based in Watsonville, California. The company specializes in delivering large-scale infrastructure projects for government and private clients, focusing on the development, rehabilitation and maintenance of transportation, water resource and industrial facilities. Its turnkey solutions span the full project lifecycle, from preconstruction and design-build to construction management and facilities maintenance.

In its construction segment, Granite undertakes highway and bridge building, airport runway and taxiway construction, marine terminal and port improvements, dam and reservoir projects, transit systems and underground utilities.