M&T Bank Corp Takes $447,000 Position in Granite Construction Incorporated $GVA

M&T Bank Corp purchased a new position in shares of Granite Construction Incorporated (NYSE:GVA) in the fourth quarter, Holdings Channel.com reports. The fund purchased 3,879 shares of the construction company’s stock, valued at approximately $447,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Root Financial Partners LLC bought a new stake in shares of Granite Construction during the 3rd quarter worth $26,000. Newbridge Financial Services Group Inc. bought a new position in Granite Construction in the fourth quarter valued at about $29,000. Salomon & Ludwin LLC bought a new position in Granite Construction in the third quarter valued at about $42,000. Spire Wealth Management acquired a new position in Granite Construction during the fourth quarter worth about $46,000. Finally, Federated Hermes Inc. raised its stake in Granite Construction by 94.6% during the third 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Granite Construction from $109.00 to $124.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Zacks Research upgraded shares of Granite Construction from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Wall Street Zen raised shares of Granite Construction from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Finally, DA Davidson raised their target price on shares of Granite Construction from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Granite Construction has a consensus rating of “Moderate Buy” and a consensus price target of $139.50.

Insider Buying and Selling

In other Granite Construction news, CEO Kyle T. Larkin sold 26,651 shares of the company’s stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $118.12, for a total value of $3,148,016.12. Following the completion of the transaction, the chief executive officer directly owned 114,881 shares in the company, valued at approximately $13,569,743.72. This represents a 18.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Staci M. Woolsey sold 1,523 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer directly owned 18,954 shares of the company’s stock, valued at $2,271,447.36. The trade was a 7.44% 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 worth $4,207,042 over the last three months. Insiders own 1.00% of the company’s stock.

Key Stories Impacting Granite Construction

Here are the key news stories impacting Granite Construction this week:

• Positive Sentiment: Q1 beat on both profit and sales — Granite reported EPS of $0.26 vs. consensus of ($0.77) and revenue of $912.5M vs. estimates near $782M; revenue was up ~30% year-over-year, signaling stronger demand and execution. MarketBeat Q1 summary
• Positive Sentiment: Management raised FY2026 revenue guidance to $5.2–$5.4B (above prior consensus ~ $5.0B), indicating confidence in backlog and upcoming project activity — a clear catalyst for upward revisions to analyst estimates. Granite Construction Lifts Outlook on Strong Growth
• Neutral Sentiment: Earnings call and materials are available — the full transcript and slide deck provide detail on regional backlog, margin drivers and capital allocation plans for investors doing fundamental follow-up. Q1 2026 Earnings Call Transcript Q1 Results Presentation
• Negative Sentiment: Valuation and margins remain considerations — GVA trades at a relatively high P/E (~38x) and reported a modest net margin (~4.4%) with leverage (D/E ~0.79). Strong top-line growth reduces some execution risk, but investors should weigh the premium valuation and margin sensitivity to cost pressures.

Granite Construction Price Performance

Granite Construction stock opened at $139.27 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.13 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $6.09 billion, a PE ratio of 40.14 and a beta of 1.35. Granite Construction Incorporated has a 12 month low of $78.19 and a 12 month high of $141.98. The stock has a 50-day moving average price of $125.23 and a two-hundred day moving average price of $117.92.

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

Granite Construction Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Tuesday, March 31st. Granite Construction’s payout ratio is presently 14.21%.

Granite Construction Profile

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.