Granite Construction (GVA) Earns Daily News Impact Score of 0.25

Media stories about Granite Construction (NYSE:GVA) have trended positive on Tuesday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Granite Construction earned a coverage optimism score of 0.25 on Accern’s scale. Accern also gave media stories about the construction company an impact score of 47.3988512388672 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the news articles that may have effected Accern Sentiment’s analysis:

Shares of Granite Construction (NYSE GVA) opened at $60.36 on Tuesday. The company has a market cap of $2,410.00, a PE ratio of 46.08, a price-to-earnings-growth ratio of 2.57 and a beta of 1.21. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.88 and a quick ratio of 1.78. Granite Construction has a 12-month low of $45.14 and a 12-month high of $68.58.

Granite Construction (NYSE:GVA) last announced its quarterly earnings data on Friday, February 16th. The construction company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.68 by $0.04. The business had revenue of $801.30 million for the quarter, compared to analyst estimates of $753.83 million. Granite Construction had a net margin of 2.31% and a return on equity of 6.97%. The company’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 earnings per share. equities analysts forecast that Granite Construction will post 3.36 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, March 30th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.86%. The ex-dividend date is Wednesday, March 28th. Granite Construction’s dividend payout ratio is 39.69%.

A number of research firms recently weighed in on GVA. DA Davidson reissued a “hold” rating and set a $65.00 price target on shares of Granite Construction in a research report on Monday, October 30th. B. Riley reissued a “buy” rating on shares of Granite Construction in a research report on Wednesday, November 1st. Canaccord Genuity raised their price target on shares of Granite Construction from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, October 30th. Zacks Investment Research raised shares of Granite Construction from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Cowen raised their price target on shares of Granite Construction from $70.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, January 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $69.00.

In other Granite Construction news, Director Claes Bjork sold 1,264 shares of Granite Construction stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $63.05, for a total value of $79,695.20. Following the sale, the director now owns 50,972 shares of the company’s stock, valued at $3,213,784.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

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About Granite Construction

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.

Insider Buying and Selling by Quarter for Granite Construction (NYSE:GVA)

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