Granite Construction Incorporated $GVA Shares Sold by Wesbanco Bank Inc.

28 Jun 2026, 10:25 by Danessa Lincoln · The Markets Daily

Wesbanco Bank Inc. lowered its holdings in Granite Construction Incorporated (NYSE:GVA – Free Report) by 18.4% in the 1st quarter, Holdings Channel.com reports. The fund owned 28,922 shares of the construction company’s stock after selling 6,500 shares during the quarter. Wesbanco Bank Inc.’s holdings in Granite Construction were worth $3,467,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Aster Capital Management DIFC Ltd boosted its position in Granite Construction by 512.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 239 shares of the construction company’s stock worth $28,000 after purchasing an additional 200 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in Granite Construction in the fourth quarter valued at about $29,000. Spire Wealth Management acquired a new position in shares of Granite Construction during the fourth quarter worth about $46,000. Torren Management LLC purchased a new stake in shares of Granite Construction in the fourth quarter worth about $56,000. Finally, Quarry LP boosted its position in shares of Granite Construction by 1,417.6% in the third quarter. Quarry LP now owns 516 shares of the construction company’s stock worth $57,000 after buying an additional 482 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Wall Street Zen upgraded Granite Construction from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings cut Granite Construction from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 18th. Stephens assumed coverage on shares of Granite Construction in a research report on Friday. They issued an “overweight” rating and a $180.00 price objective for the company. Zacks Research upgraded shares of Granite Construction to a “hold” rating in a research note on Friday, May 29th. Finally, Oppenheimer began coverage on shares of Granite Construction in a research report on Thursday, May 28th. They set an “outperform” rating and a $170.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $157.25.

Get Our Latest Report on Granite Construction

Insider Activity at Granite Construction

In related news, SVP Michael G. Tatusko sold 7,500 shares of the company’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $141.00, for a total value of $1,057,500.00. Following the sale, the senior vice president directly owned 29,787 shares of the company’s stock, valued at $4,199,967. This represents a 20.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Bradley Jay Williams sold 6,734 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $141.00, for a total transaction of $949,494.00. Following the transaction, the senior vice president owned 7,041 shares in the company, valued at $992,781. This trade represents a 48.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is currently owned by corporate insiders.

Granite Construction Trading Up 2.4%

Shares of GVA opened at $160.44 on Friday. Granite Construction Incorporated has a one year low of $89.80 and a one year high of $162.08. The stock has a 50-day moving average price of $137.25 and a 200 day moving average price of $127.90. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.97 and a current ratio of 1.09. The company has a market capitalization of $7.02 billion, a P/E ratio of 46.24 and a beta of 1.32.

Granite Construction (NYSE:GVA – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The construction company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.77) by $1.03. Granite Construction had a return on equity of 24.90% and a net margin of 3.99%.The company had revenue of $912.47 million for the quarter, compared to the consensus estimate of $782.26 million. During the same period in the previous year, the business earned $0.01 EPS. Granite Construction’s revenue for the quarter was up 30.4% compared to the same quarter last year. Sell-side analysts forecast that Granite Construction Incorporated will post 6.14 EPS for the current fiscal year.

Granite Construction Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Tuesday, June 30th. Granite Construction’s payout ratio is 14.99%.

Granite Construction 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.