Evolve Private Wealth LLC Acquires Shares of 7,963 Granite Construction Incorporated $GVA

24 Aug 2026, 08:43 by Sarita Garza · The Markets Daily

Evolve Private Wealth LLC acquired a new position in Granite Construction Incorporated (NYSE:GVA – Free Report) during the second quarter, HoldingsChannel reports. The fund acquired 7,963 shares of the construction company’s stock, valued at approximately $1,260,000.

Other large investors also recently made changes to their positions in the company. Leuthold Group LLC raised its position in shares of Granite Construction by 1,591.8% during the fourth quarter. Leuthold Group LLC now owns 45,223 shares of the construction company’s stock worth $5,216,000 after acquiring an additional 42,550 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Granite Construction during the first quarter worth $1,160,000. Louisiana State Employees Retirement System bought a new stake in shares of Granite Construction in the first quarter valued at about $2,314,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Granite Construction by 32.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,586 shares of the construction company’s stock worth $2,144,000 after acquiring an additional 4,506 shares during the last quarter. Finally, Intech Investment Management LLC grew its position in Granite Construction by 247.4% in the fourth quarter. Intech Investment Management LLC now owns 118,338 shares of the construction company’s stock valued at $13,650,000 after purchasing an additional 84,277 shares in the last quarter.

Granite Construction Trading Up 0.3%

NYSE:GVA opened at $124.08 on Monday. Granite Construction Incorporated has a 52 week low of $97.26 and a 52 week high of $162.08. The firm has a market cap of $5.43 billion, a P/E ratio of -28.79 and a beta of 1.33. The firm’s fifty day moving average is $132.95 and its 200-day moving average is $130.93. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.94 and a current ratio of 1.01.

Granite Construction (NYSE:GVA – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The construction company reported $2.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.09). The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.41 billion. Granite Construction had a positive return on equity of 27.83% and a negative net margin of 3.32%.The firm’s revenue was up 28.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.42 EPS. Equities analysts expect that Granite Construction Incorporated will post 6.36 earnings per share for the current year.

Granite Construction Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.52 annualized dividend and a dividend yield of 0.4%. Granite Construction’s dividend payout ratio (DPR) is currently -12.06%.

Wall Street Analyst Weigh In

GVA has been the subject of a number of analyst reports. Wall Street Zen downgraded Granite Construction from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Zacks Research upgraded shares of Granite Construction to a “hold” rating in a research note on Friday, May 29th. Oppenheimer raised their price objective on Granite Construction from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Stephens assumed coverage on Granite Construction in a report on Friday, June 26th. They issued an “overweight” rating and a $180.00 price objective for the company. Finally, Weiss Ratings raised Granite Construction from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $158.50.

View Our Latest Stock Report on GVA

Insiders Place Their Bets

In other Granite Construction news, Director John Timothy Romer acquired 375 shares of Granite Construction stock in a transaction on Monday, June 15th. The stock was purchased at an average price of $143.65 per share, for a total transaction of $53,868.75. Following the purchase, the director directly owned 2,801 shares of the company’s stock, valued at $402,363.65. This trade represents a 15.46% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Carlos M. Hernandez bought 400 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was bought at an average price of $123.99 per share, for a total transaction of $49,596.00. Following the completion of the purchase, the director owned 5,033 shares of the company’s stock, valued at approximately $624,041.67. The trade was a 8.63% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 1,150 shares of company stock worth $156,636 in the last ninety days. Company insiders own 0.88% of the company’s stock.

Granite Construction Company Profile

(Free Report)

Granite Construction Inc is a publicly traded heavy civil contractor and construction materials producer based in Watsonville, California. The company specializes in delivering large-scale infrastructure projects for government and private clients, focusing on the development, rehabilitation and maintenance of transportation, water resource and industrial facilities. Its turnkey solutions span the full project lifecycle, from preconstruction and design-build to construction management and facilities maintenance.