Granite Construction Incorporated (NYSE:GVA) Stock Has Average Price Target of $158.50

Posted by Grant Hamersma on Nov 1st, 2026

Shares of Granite Construction Incorporated (NYSE:GVA – Get Free Report) have been assigned an average rating of “Hold” from the six research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $158.50.

A number of analysts have issued reports on GVA shares. Oppenheimer boosted their price objective on shares of Granite Construction from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Wall Street Zen cut shares of Granite Construction from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. The Goldman Sachs Group cut their price target 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, Weiss Ratings lowered Granite Construction from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, September 2nd.

Check Out Our Latest Research Report on Granite Construction

Insiders Place Their Bets

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

Hedge Funds Weigh In On Granite Construction

Institutional investors have recently made changes to their positions in the stock. Hill City Capital LP acquired a new stake in shares of Granite Construction in the 2nd quarter valued at about $175,508,004. First Trust Advisors LP grew its position in Granite Construction by 52.8% in the 1st quarter. First Trust Advisors LP now owns 1,397,573 shares of the construction company’s stock valued at $167,541,000 after purchasing an additional 483,080 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Granite Construction by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,067,545 shares of the construction company’s stock worth $127,969,000 after acquiring an additional 4,327 shares in the last quarter. Squarepoint Ops LLC raised its holdings in shares of Granite Construction by 39.0% in the 2nd quarter. Squarepoint Ops LLC now owns 228,163 shares of the construction company’s stock worth $36,068,000 after acquiring an additional 64,007 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in Granite Construction by 8.3% in the 1st quarter. Principal Financial Group Inc. now owns 287,744 shares of the construction company’s stock valued at $34,495,000 after acquiring an additional 22,162 shares in the last quarter.

Granite Construction Price Performance

NYSE:GVA opened at $123.63 on Friday. The company has a market cap of $5.41 billion, a P/E ratio of -19.88 and a beta of 1.34. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.11 and a quick ratio of 0.94. Granite Construction has a one year low of $97.26 and a one year high of $162.08. The firm’s fifty day moving average price is $115.79 and its two-hundred day moving average price is $126.39.

Granite Construction (NYSE:GVA – Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The construction company reported $3.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.27 by $0.54. The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Granite Construction had a positive return on equity of 33.79% and a negative net margin of 4.99%. The business’s revenue was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.98 earnings per share. Equities analysts expect that Granite Construction will post 6.36 earnings per share for the current year.

Granite Construction Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th 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 was Wednesday, September 30th. Granite Construction’s dividend payout ratio (DPR) is presently -8.36%.

Key Stories 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

(Get Free Report)

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.