Granite Construction (NYSE:GVA) Given New $180.00 Price Target at Oppenheimer

Posted by Geri Gentry on Aug 1st, 2026

Granite Construction (NYSE:GVA – Free Report) had its target price raised by Oppenheimer from $170.00 to $180.00 in a report released on Friday,Benzinga reports. They currently have an outperform rating on the construction company’s stock.

Other equities analysts have also recently issued reports about the company. Weiss Ratings cut Granite Construction from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. The Goldman Sachs Group reiterated a “sell” rating and set a $139.00 target price (down from $141.00) on shares of Granite Construction in a research note on Thursday, July 9th. Zacks Research raised shares of Granite Construction to a “hold” rating in a report on Friday, May 29th. Stephens started coverage on shares of Granite Construction in a research report on Friday, June 26th. They issued an “overweight” rating and a $180.00 price target on the stock. Finally, Wall Street Zen downgraded shares of Granite Construction from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.50.

Check Out Our Latest Stock Report on GVA

Granite Construction Trading Up 5.0%

NYSE:GVA opened at $120.63 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 1.46. The business’s 50 day moving average is $136.77 and its two-hundred day moving average is $130.49. Granite Construction has a 52 week low of $89.80 and a 52 week high of $162.08. The company has a market cap of $5.28 billion, a PE ratio of -27.99 and a beta of 1.29.

Granite Construction (NYSE:GVA – Get Free Report) last issued its earnings results on Thursday, July 30th. The construction company reported $2.16 EPS for the quarter, missing the consensus estimate of $2.25 by ($0.09). Granite Construction had a positive return on equity of 27.83% and a negative net margin of 3.32%.The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the previous year, the business posted $1.42 EPS. Granite Construction’s revenue was up 28.8% compared to the same quarter last year. On average, analysts predict that Granite Construction will post 6.14 EPS for the current year.

Granite Construction Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Tuesday, June 30th. Granite Construction’s dividend payout ratio is presently -12.06%.

Insider Buying and Selling

In related news, SVP Bradley Jay Williams sold 6,734 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $141.00, for a total transaction of $949,494.00. Following the completion of the transaction, the senior vice president directly owned 7,041 shares in the company, valued at $992,781. This represents a 48.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Timothy Romer acquired 375 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were bought at an average price of $143.65 per share, with a total value of $53,868.75. Following the completion of the purchase, the director owned 2,801 shares in the company, valued at $402,363.65. The trade was a 15.46% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.88% of the company’s stock.

Institutional Investors Weigh In On Granite Construction

A number of hedge funds have recently added to or reduced their stakes in GVA. Aster Capital Management DIFC Ltd boosted its holdings in shares of Granite Construction by 512.8% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 239 shares of the construction company’s stock valued at $28,000 after acquiring an additional 200 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in shares of Granite Construction in the 4th quarter worth about $29,000. Spire Wealth Management acquired a new stake in shares of Granite Construction in the 4th quarter worth about $46,000. Root Financial Partners LLC lifted its position in Granite Construction by 30.9% in the 1st quarter. Root Financial Partners LLC now owns 381 shares of the construction company’s stock valued at $46,000 after purchasing an additional 90 shares during the last quarter. Finally, Torren Management LLC bought a new stake in Granite Construction in the 4th quarter valued at about $56,000.

Granite Construction News Roundup

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

Positive Sentiment: Raised revenue outlook: Granite increased its 2026 revenue guidance to $5.3 billion–$5.5 billion and lifted its 2027 organic-growth outlook to above 10%. Management cited continued federal, state and private infrastructure funding as key growth drivers. Granite outlines 2026 revenue outlook
Positive Sentiment: Revenue beat expectations: Second-quarter revenue rose approximately 29% year over year to $1.46 billion, exceeding the roughly $1.41 billion consensus estimate. Adjusted EBITDA also increased 22% to about $186 million, with public infrastructure activity providing the main source of momentum. Granite Reports Second Quarter 2026 Results
Positive Sentiment: Bullish analyst view: Oppenheimer raised its price target from $170 to $180 and maintained an “outperform” rating, implying substantial upside based on the supplied reference price. Oppenheimer raises Granite price target
Neutral Sentiment: Analyst opinions diverged: Goldman Sachs cut its target from $139 to $119 and assigned a “sell” rating, citing limited near-term upside, while Oppenheimer took the opposite view. This split highlights uncertainty around valuation and execution.
Negative Sentiment: Headline loss and cost pressures: Granite reported a $278 million net loss, or $(6.36) per share, versus prior-year profit. The loss primarily reflected a $360 million non-operating charge tied to convertible-note transactions. Adjusted EPS of $2.16 also fell short of the $2.25 consensus, while severe Southeast weather and higher quarry-development costs pressured materials margins. Adjusted EBITDA margin guidance remained unchanged at 12.25%–13.25%.

About Granite Construction

(Get 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.