Granite Construction Inc (NYSE:GVA): Institutional Investors Are Worried

May 18, 2018 - By Nellie Frank

Granite Construction Incorporated (NYSE:GVA) Logo

Sentiment for Granite Construction Inc (NYSE:GVA)

Granite Construction Inc (NYSE:GVA) institutional sentiment decreased to 1.06 in 2017 Q4. Its down -0.19, from 1.25 in 2017Q3. The ratio has dropped, as 99 institutional investors opened new and increased holdings, while 93 trimmed and sold stakes in Granite Construction Inc. The institutional investors in our partner’s database now have: 36.92 million shares, down from 38.81 million shares in 2017Q3. Also, the number of institutional investors holding Granite Construction Inc in their top 10 holdings was flat from 6 to 6 for the same number . Sold All: 12 Reduced: 81 Increased: 65 New Position: 34.

Granite Construction Incorporated operates as a heavy civil contractor and a construction materials producer in the United States. The company has market cap of $2.37 billion. The firm operates through three divisions: Construction, Large Project Construction, and Construction Materials. It has a 34.65 P/E ratio. The Construction segment undertakes various construction projects focusing on new construction and improvement of streets, roads, highways, bridges, site work, underground, power-related facilities, utilities, and other infrastructure projects.

The stock increased 0.54% or $0.32 during the last trading session, reaching $59.26. About 299,542 shares traded. Granite Construction Incorporated (NYSE:GVA) has risen 13.20% since May 18, 2017 and is uptrending. It has outperformed by 1.65% the S&P500.

Analysts await Granite Construction Incorporated (NYSE:GVA) to report earnings on August, 7. They expect $0.89 EPS, up 154.29 % or $0.54 from last year’s $0.35 per share. GVA’s profit will be $35.64 million for 16.65 P/E if the $0.89 EPS becomes a reality. After $-0.13 actual EPS reported by Granite Construction Incorporated for the previous quarter, Wall Street now forecasts -784.62 % EPS growth.

Rutabaga Capital Management Llc Ma holds 2.96% of its portfolio in Granite Construction Incorporated for 202,605 shares. Morgan Dempsey Capital Management Llc owns 126,860 shares or 2.59% of their US portfolio. Moreover, John G Ullman & Associates Inc has 2.5% invested in the company for 197,815 shares. The Minnesota-based Next Century Growth Investors Llc has invested 2.14% in the stock. Tributary Capital Management Llc, a Colorado-based fund reported 349,815 shares.

Since January 1, 0001, it had 0 buys, and 1 insider sale for $79,695 activity.

Granite Construction Incorporated (NYSE:GVA) Ratings Coverage

Ratings analysis reveals 100% of Granite Construction Inc’s analysts are positive. Out of 3 Wall Street analysts rating Granite Construction Inc, 3 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $76.0 while the high is $85.0. The stock’s average target of $80.50 is 35.84% above today’s ($59.26) share price. GVA was included in 3 notes of analysts from January 18, 2018. Cowen & Co maintained the shares of GVA in report on Thursday, January 18 with “Buy” rating. The stock of Granite Construction Incorporated (NYSE:GVA) has “Buy” rating given on Thursday, April 5 by DA Davidson.

More important recent Granite Construction Incorporated (NYSE:GVA) news were published by: Seekingalpha.com which released: “Granite Construction’s (GVA) CEO Jim Roberts on Q1 2018 Results – Earnings Call Transcript” on April 30, 2018, also Streetinsider.com published article titled: “Granite Construction (GVA) Announces Retirement of CFO”, Prnewswire.com published: “SHAREHOLDER ALERT: Monteverde & Associates PC is Investigating Upcoming Layne Christensen Company Vote …” on May 17, 2018. More interesting news about Granite Construction Incorporated (NYSE:GVA) was released by: Businesswire.com and their article: “Forbes Names Granite One of America’s Best Mid-Size Employers for the Third Year in a Row” with publication date: May 01, 2018.

Granite Construction Incorporated (NYSE:GVA) Institutional Positions Chart

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