Granite Construction Incorporated $GVA Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. decreased its position in Granite Construction Incorporated (NYSE:GVA) by 3.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 324,900 shares of the construction company’s stock after selling 10,300 shares during the quarter. Granite Construction accounts for approximately 1.4% of Hennessy Advisors Inc.’s holdings, making the stock its 14th biggest holding. Hennessy Advisors Inc. owned approximately 0.74% of Granite Construction worth $37,659,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in GVA. Vise Technologies Inc. grew its stake in Granite Construction by 38.8% during the third quarter. Vise Technologies Inc. now owns 2,391 shares of the construction company’s stock worth $277,000 after buying an additional 668 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in shares of Granite Construction by 5.7% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 20,500 shares of the construction company’s stock valued at $2,376,000 after acquiring an additional 1,100 shares during the last quarter. D.A. Davidson & CO. raised its stake in shares of Granite Construction by 10.2% in the third quarter. D.A. Davidson & CO. now owns 43,698 shares of the construction company’s stock valued at $5,065,000 after acquiring an additional 4,027 shares during the last quarter. Balance Wealth Partners LLC acquired a new position in shares of Granite Construction in the 3rd quarter worth approximately $41,000. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of Granite Construction by 2.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 9,158 shares of the construction company’s stock worth $1,062,000 after acquiring an additional 227 shares in the last quarter.

Granite Construction Price Performance

Shares of GVA stock opened at $123.63 on Monday. Granite Construction Incorporated has a 1 year low of $97.26 and a 1 year high of $162.08. The firm’s 50 day moving average is $115.79 and its 200-day moving average is $126.39. The firm has a market capitalization of $5.46 billion, a price-to-earnings ratio of -19.88 and a beta of 1.41. The company has a current ratio of 1.11, a quick ratio of 1.02 and a debt-to-equity ratio of 1.18.

Granite Construction (NYSE:GVA) last issued its quarterly earnings results on Thursday, October 29th. The construction company reported $3.81 earnings per share for the quarter, beating analysts’ consensus estimates of $3.27 by $0.54. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.70 billion. Granite Construction had a negative net margin of 4.99% and a positive return on equity of 33.79%. Granite Construction’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.98 earnings per share. Sell-side analysts forecast that Granite Construction Incorporated will post 6.36 EPS for the current fiscal year.

Granite Construction Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Wednesday, September 30th. Granite Construction’s dividend payout ratio (DPR) is presently -8.36%.

Insider Buying and Selling

In other news, Director Carlos M. Hernandez acquired 400 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were purchased at an average cost of $123.99 per share, for a total transaction of $49,596.00. Following the transaction, the director owned 5,033 shares of the company’s stock, valued at approximately $624,041.67. This represents a 8.63% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on GVA shares. Weiss Ratings lowered Granite Construction from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, September 2nd. Wall Street Zen downgraded Granite Construction from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. The Goldman Sachs Group reduced their price objective on Granite Construction from $139.00 to $119.00 and set a “sell” rating on the stock in a research note on Friday, July 31st. Finally, Oppenheimer increased their target price on Granite Construction from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $158.50.

Key Headlines Impacting Granite Construction

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

• Positive Sentiment: Q3 earnings and revenue exceeded expectations. Granite reported adjusted earnings of $3.81 per share, above consensus estimates near $3.22–$3.29, while revenue rose 23.5% year over year to $1.77 billion, exceeding the $1.70 billion estimate. Granite Construction Q3 Adjusted Earnings, Revenue Rise
• Positive Sentiment: Record backlog strengthens forward visibility. Granite ended the quarter with a reported $7.5 billion backlog, supporting expectations for continued activity across its infrastructure and construction markets. Granite Construction GVA tops Q3 2026 estimates with record $7.5B backlog
• Positive Sentiment: Full-year guidance was updated to slightly exceed expectations. The revised outlook reinforces the view that Granite’s earnings momentum is continuing beyond the third quarter. Granite Construction Incorporated Updates Earnings Guidance for Fiscal Year 2026
• Positive Sentiment: Analyst valuation remains supportive. Granite Construction has a reported consensus price target of $158.50, materially above the recent trading level, suggesting analysts see additional upside if the company delivers on its outlook. Granite Construction Stock Has Consensus Price Target of $158.50
• Neutral Sentiment: The earnings-call transcript and presentation provide additional detail on Granite’s operating performance, backlog and guidance, but the principal market-moving information is already reflected in the earnings beat and outlook update. Granite Q3 2026 Earnings Call Transcript

Granite Construction Company Profile

Granite Construction Incorporated (NYSE:GVA) is an infrastructure construction company that provides engineering, construction and rehabilitation services for public and private-sector clients. The company’s work supports transportation, water and other essential infrastructure projects across the United States.

Granite’s transportation activities include the construction and maintenance of highways, roads, bridges, airports, rail systems and other transit facilities. Its water-related services include the development and improvement of water treatment and distribution systems, wastewater facilities, dams, pipelines and related infrastructure.