Oppenheimer Begins Coverage on Granite Construction (NYSE:GVA)

Posted by Francis Steltz on May 28th, 2026

Equities research analysts at Oppenheimer initiated coverage on shares of Granite Construction (NYSE:GVA – Get Free Report) in a note issued to investors on Thursday. The brokerage set an “outperform” rating and a $170.00 price target on the construction company’s stock. Oppenheimer’s target price indicates a potential upside of 25.94% from the company’s previous close.

GVA has been the subject of several other research reports. The Goldman Sachs Group boosted their price target on shares of Granite Construction from $109.00 to $124.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. DA Davidson boosted their price target on shares of Granite Construction from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Weiss Ratings cut shares of Granite Construction from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen upgraded shares of Granite Construction from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Granite Construction presently has an average rating of “Hold” and a consensus target price of $149.67.

Read Our Latest Stock Report on GVA

Granite Construction Trading Up 1.1%

NYSE GVA opened at $134.98 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 0.80. Granite Construction has a 52 week low of $87.72 and a 52 week high of $145.00. The stock has a market capitalization of $5.91 billion, a PE ratio of 38.90 and a beta of 1.35. The firm has a 50 day moving average of $127.72 and a two-hundred day moving average of $121.98.

Granite Construction (NYSE:GVA – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported $0.26 EPS for the quarter, topping the consensus estimate of ($0.77) by $1.03. Granite Construction had a net margin of 3.99% and a return on equity of 24.90%. The company had revenue of $912.47 million during the quarter, compared to analysts’ expectations of $782.26 million. During the same quarter in the previous year, the business posted $0.01 EPS. The firm’s revenue was up 30.4% on a year-over-year basis.

Insider Activity at Granite Construction

In other news, CFO Staci M. Woolsey sold 1,523 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $119.84, for a total transaction of $182,516.32. Following the completion of the sale, the chief financial officer owned 18,954 shares in the company, valued at approximately $2,271,447.36. The trade was a 7.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kyle T. Larkin sold 26,651 shares of the business’s stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of $118.12, for a total transaction of $3,148,016.12. Following the sale, the chief executive officer owned 114,881 shares of the company’s stock, valued at $13,569,743.72. This represents a 18.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 35,488 shares of company stock valued at $4,207,042 in the last 90 days. Insiders own 1.00% of the company’s stock.

Institutional Trading of Granite Construction

Several institutional investors and hedge funds have recently bought and sold shares of GVA. Root Financial Partners LLC purchased a new stake in Granite Construction in the 3rd quarter valued at $26,000. Aster Capital Management DIFC Ltd raised its position in Granite Construction by 512.8% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 239 shares of the construction company’s stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in Granite Construction in the 4th quarter valued at $29,000. Spire Wealth Management purchased a new stake in Granite Construction in the 4th quarter valued at $46,000. Finally, Federated Hermes Inc. raised its position in Granite Construction by 94.6% in the 3rd quarter. Federated Hermes Inc. now owns 436 shares of the construction company’s stock valued at $48,000 after purchasing an additional 212 shares during the last quarter.

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.