<div id="readability-page-1"><p><span>Granite Construction (NYSE:GVA - Get Free Report)</span> had its price objective upped by investment analysts at The Goldman Sachs Group  from $109.00 to $124.00 in a report released on Wednesday,Benzinga reports. The firm presently has a &#34;neutral&#34; rating on the construction company's stock. The Goldman Sachs Group's price target would indicate a potential upside of 3.89% from the stock's current price.</p><div><p><span></span><span>Get <strong>Granite Construction</strong> alerts:</span></p></div><p>GVA has been the topic of a number of other reports. DA Davidson upped their price target on Granite Construction from $125.00 to $130.00 and gave the company a &#34;buy&#34; rating in a report on Tuesday, November 11th. Wall Street Zen upgraded shares of Granite Construction from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a research note on Saturday, January 17th. Zacks Research raised shares of Granite Construction from a &#34;strong sell&#34; rating to a &#34;hold&#34; rating in a report on Monday, January 12th. Finally, Weiss Ratings  reissued a &#34;buy (b)&#34; rating on shares of Granite Construction in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and two have assigned  a Hold rating to the stock. According to data from MarketBeat, Granite Construction currently has an average rating of &#34;Moderate Buy&#34; and an average price target of $127.00.</p><p><b>View Our Latest Analysis on GVA</b></p><h2>Granite Construction Stock Down 0.0%</h2><p>Shares of NYSE GVA traded down $0.03 during midday trading on Wednesday, hitting $119.36. The stock had a trading volume of 77,552 shares, compared to its average volume of 651,563. The business's 50 day moving average is $114.86 and its 200-day moving average is $107.93. Granite Construction has a 52 week low of $69.08 and a 52 week high of $124.99. The company has a quick ratio of 1.12, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The company has a market cap of $5.21 billion, a P/E ratio of 34.40 and a beta of 1.32. </p><p>Granite Construction (NYSE:GVA - Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The construction company reported $2.70 earnings per share for the quarter, topping analysts' consensus estimates of $2.56 by $0.14. Granite Construction had a net margin of 4.31% and a return on equity of 24.04%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the business earned $2.05 EPS. The firm's revenue for the quarter was up 12.1% on a year-over-year basis.  As a group, analysts predict that  Granite Construction will post 5.49 EPS for the current year. </p><h2>Insider Transactions at Granite Construction</h2><p>In other Granite Construction news, Director Celeste Beeks Mastin sold 7,614 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $105.23, for a total value of $801,221.22. Following the transaction, the director directly owned 10,206 shares in the company, valued at approximately $1,073,977.38. This trade represents a 42.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is accessible through this hyperlink. Company insiders own  1.00% of the company's stock. </p><h2>Institutional Investors Weigh In On Granite Construction</h2><p>Hedge funds and other institutional investors have recently modified their holdings of the stock. Root Financial Partners LLC purchased a new position in  Granite Construction during the third quarter valued at $26,000.  Newbridge Financial Services Group Inc. bought a new position in shares of  Granite Construction in the fourth quarter worth about $29,000.  Salomon &amp; Ludwin LLC purchased a new position in shares of  Granite Construction during the 3rd quarter valued at about $42,000.  Spire Wealth Management bought a new position in shares of  Granite Construction during the 4th quarter valued at approximately $46,000.  Finally, Federated Hermes Inc. increased its holdings in  Granite Construction by 94.6% in the 3rd quarter. Federated Hermes Inc. now owns 436 shares of the construction company's stock worth $48,000 after acquiring an additional 212 shares in the last quarter. </p><h2>Granite Construction Company Profile</h2> (Get Free Report)<p>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.  </p><p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Granite Construction</li><li>Your Signature Is Missing – Act Before It’s Too Late</li><li>This coin has everything going for it</li><li>Refund From 1933: Trump’s Reset May Create Instant Wealth</li><li>Buy this Gold Stock Before May 2026</li><li>What Expenses Can Be Deducted From Capital Gains Tax?</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Granite Construction Right Now?</h2><p>Before you consider Granite Construction, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Granite Construction wasn't on the list.</p><p>While Granite Construction currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>The Goldman Sachs Group has raised its target price for Granite Construction (NYSE:GVA) from $109.00 to $124.00, maintaining a "neutral" rating. This indicates a potential upside of 3.89% from the current price. Other analysts have also provided mixed ratings, with two giving a "buy" and two a "hold". Granite Construction's stock is currently trading at $119.36, with a market cap of $5.21 billion and a P/E ratio of 34.40. The company reported earnings of $2.70 per share, exceeding estimates, and revenue of $1.43 billion for the last quarter.</p>

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Granite Construction

GOLDMAN SACHS GROUP INC DEP SHR REP 1/1000TH PFD SER A

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The Goldman Sachs Group Forecasts Strong Price Appreciation for Granite Construction (NYSE:GVA) Stock