News stories about Granite Construction (NYSE:GVA) have trended positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Granite Construction earned a news impact score of 0.25 on Accern’s scale. Accern also gave media coverage about the construction company an impact score of 47.3988512388672 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of research firms have recently commented on GVA. Zacks Investment Research lowered shares of Granite Construction from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. DA Davidson upped their price objective on shares of Granite Construction to $68.00 and gave the company a “neutral” rating in a research note on Tuesday, February 20th. Finally, Cowen upped their price objective on shares of Granite Construction from $70.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, January 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $69.38.
Granite Construction (NYSE GVA) traded down $0.29 during trading on Wednesday, hitting $61.42. 436,413 shares of the company were exchanged, compared to its average volume of 299,424. The company has a quick ratio of 1.78, a current ratio of 1.88 and a debt-to-equity ratio of 0.18. Granite Construction has a 52 week low of $45.14 and a 52 week high of $68.58. The firm has a market cap of $2,480.00, a P/E ratio of 38.43, a PEG ratio of 2.77 and a beta of 1.30.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.85%. Granite Construction’s payout ratio is presently 32.30%.
Granite Construction Company Profile
Granite Construction Incorporated is a heavy civil contractor and construction materials producer in the United States. The Company operates through three segments: Construction, Large Project Construction and Construction Materials. The Company operates across the nation, serving both public and private sector clients.
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