Granite Construction Inc. (NYSE: GVA) is 57.65% higher on its value in year-to-date trading and has touched a low of $33.74 and a high of $81.38 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GVA stock was last observed hovering at around $79.33 in the last trading session, with the day’s gains setting it 0.85%.
Currently trading at $80.18, the stock is 4.69% and 10.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.74 million and changing 1.07% at the moment leaves the stock 34.69% off its SMA200. GVA registered 114.21% gain for a year compared to 6-month gain of 42.29%. The firm has a 50-day simple moving average (SMA 50) of $72.997 and a 200-day simple moving average (SMA200) of $59.6809.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 10.29% loss in the last 1 month and extending the period to 3 months gives it a 29.97%, and is 0.55% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.40% over the week and 2.38% over the month.
Granite Construction Inc. (GVA) has around 4100 employees, a market worth around $3.50B and $3.81B in sales. Current P/E ratio is 51.56 and Fwd P/E is 15.80. Profit margin for the company is 2.35%. Distance from 52-week low is 137.64% and -1.47% from its 52-week high. The company has generated returns on investments over the last 12 months (5.16%).
The EPS is expected to grow by 262.54% this year
361.0 institutions hold shares in Granite Construction Inc. (GVA), with institutional investors hold 112.73% of the company’s shares. The shares outstanding are 43.94M, and float is at 43.27M with Short Float at 11.12%. Institutions hold 111.56% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 7.09 million shares valued at $439.13 million. The investor’s holdings represent 16.0831 of the GVA Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 4.95 million shares valued at $306.84 million to account for 11.2378 of the shares outstanding. The other top investors are FULLER & THALER ASSET MANAGEMENT, INC. which holds 2.82 million shares representing 6.4082 and valued at over $174.97 million, while DIMENSIONAL FUND ADVISORS LP holds 5.8658 of the shares totaling 2.58 million with a market value of $160.16 million.
Granite Construction Inc. (GVA) Insider Activity
The most recent transaction is an insider sale by CAMPBELL MOLLY, the company’s Director. SEC filings show that CAMPBELL MOLLY sold 2,810 shares of the company’s common stock on Aug 20 ’24 at a price of $71.43 per share for a total of $0.2 million. Following the sale, the insider now owns 14713.0 shares.
Still, SEC filings show that on Aug 06 ’24, Tatusko Michael G (Senior Vice President) disposed off 5,000 shares at an average price of $69.22 for $0.35 million. The insider now directly holds 21,943 shares of Granite Construction Inc. (GVA).
