Granite Construction Inc (NYSE: GVA) is -9.51% lower on its value in year-to-date trading and has touched a low of $54.95 and a high of $105.20 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GVA stock was last observed hovering at around $81.29 in the last trading session, with the day’s loss setting it -1.92%.
Currently trading at $79.37, the stock is 2.70% and 2.67% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.18 million and changing -2.36% at the moment leaves the stock -2.99% off its SMA200. GVA registered 42.44% gain for a year compared to 6-month loss of -3.42%. The firm has a 50-day simple moving average (SMA 50) of $77.3036 and a 200-day simple moving average (SMA200) of $81.8156.
The stock witnessed a 3.98% gain in the last 1 month and extending the period to 3 months gives it a -11.00%, and is -0.79% down 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 3.44% over the week and 4.23% over the month.
Granite Construction Inc (GVA) has around 4400 employees, a market worth around $3.47B and $4.01B in sales. Current P/E ratio is 33.85 and Fwd P/E is 13.38. Profit margin for the company is 3.15%. Distance from 52-week low is 44.44% and -24.55% from its 52-week high. The company has generated returns on investments over the last 12 months (6.92%).
with sales reaching $1.17B over the same period.The EPS is expected to grow by 83.92% this year, but quarterly earnings will post 6.97% year-over-year. Quarterly sales are estimated to grow 7.79% in year-over-year returns.
454.0 institutions hold shares in Granite Construction Inc (GVA), with institutional investors hold 115.70% of the company’s shares. The shares outstanding are 43.42M, and float is at 43.28M with Short Float at 11.62%. Institutions hold 114.34% 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 Larkin Kyle T, the company’s President & CEO. SEC filings show that Larkin Kyle T sold 22,999 shares of the company’s common stock on Apr 29 ’25 at a price of $80.83 per share for a total of $1.86 million. Following the sale, the insider now owns 0.11 million shares.
Still, SEC filings show that on Apr 28 ’25, Larkin Kyle T (President & CEO) disposed off 3,617 shares at an average price of $80.38 for $0.29 million. The insider now directly holds 132,366 shares of Granite Construction Inc (GVA).
