Stephens Initiates Coverage on Granite Construction (NYSE:GVA)

Posted by George Bondi on Jun 26th, 2026

Analysts at Stephens assumed coverage on shares of Granite Construction (NYSE:GVA – Get Free Report) in a research note issued to investors on Friday, Marketbeat Ratings reports. The brokerage set an “overweight” rating and a $180.00 price target on the construction company’s stock. Stephens’ target price would indicate a potential upside of 14.77% from the stock’s previous close.

GVA has been the topic of several other reports. Zacks Research upgraded Granite Construction to a “hold” rating in a research report on Friday, May 29th. Weiss Ratings lowered Granite Construction from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 18th. Wall Street Zen cut Granite Construction from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Finally, Oppenheimer assumed coverage on Granite Construction in a report on Thursday, May 28th. They set an “outperform” rating and a $170.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $157.25.

Read Our Latest Stock Report on GVA

Granite Construction Stock Performance

Shares of NYSE:GVA traded up $0.18 during trading hours on Friday, hitting $156.83. The stock had a trading volume of 78,536 shares, compared to its average volume of 691,498. The stock’s fifty day simple moving average is $136.55 and its 200 day simple moving average is $127.67. Granite Construction has a 1-year low of $89.80 and a 1-year high of $157.54. The firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of 45.44 and a beta of 1.32. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.97 and a current ratio of 1.09.

Granite Construction (NYSE:GVA – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The construction company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.77) by $1.03. The company had revenue of $912.47 million for the quarter, compared to analysts’ expectations of $782.26 million. Granite Construction had a return on equity of 24.90% and a net margin of 3.99%.The business’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 earnings per share. Sell-side analysts anticipate that Granite Construction will post 6.14 earnings per share for the current fiscal year.

Insider Activity at Granite Construction

In other Granite Construction news, SVP Bradley Jay Williams sold 6,734 shares of the 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 of the company’s stock, valued at approximately $992,781. This trade represents a 48.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Michael G. Tatusko sold 7,500 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $141.00, for a total value of $1,057,500.00. Following the completion of the sale, the senior vice president directly owned 29,787 shares in the company, valued at $4,199,967. This represents a 20.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.88% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GVA. Oliver Luxxe Assets LLC purchased a new stake in shares of Granite Construction during the fourth quarter valued at $1,783,000. Boothbay Fund Management LLC increased its stake in Granite Construction by 9.1% in the 3rd quarter. Boothbay Fund Management LLC now owns 160,331 shares of the construction company’s stock worth $17,580,000 after purchasing an additional 13,401 shares in the last quarter. Leuthold Group LLC increased its stake in Granite Construction by 1,591.8% in the 4th quarter. Leuthold Group LLC now owns 45,223 shares of the construction company’s stock worth $5,216,000 after purchasing an additional 42,550 shares in the last quarter. Elo Mutual Pension Insurance Co acquired a new stake in Granite Construction during the 3rd quarter worth about $2,013,000. Finally, Neo Ivy Capital Management acquired a new stake in Granite Construction during the 3rd quarter worth about $622,000.

Granite Construction Company Profile

(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.