Can analysts adopt a bullish outlook for Granite Construction Incorporated (NYSE:GVA)?

May 16, 2018 - By Linda Rogers

Granite Construction Incorporated (NYSE:GVA) LogoInvestors sentiment decreased to 1.06 in 2017 Q4. Its down 0.19, from 1.25 in 2017Q3. It fall, as 12 investors sold Granite Construction Incorporated shares while 81 reduced holdings. 34 funds opened positions while 65 raised stakes. 36.92 million shares or 4.87% less from 38.81 million shares in 2017Q3 were reported.
Raymond James Fincl Ser Advsrs Inc owns 33,694 shares. Keybank National Association Oh holds 0.01% or 20,000 shares in its portfolio. 685 were reported by Advisory Net Limited Com. Stratos Wealth Prtn Limited invested in 32 shares. 5,122 are held by Dorsey And Whitney Tru Ltd Liability. Macquarie Group Incorporated invested 0.08% of its portfolio in Granite Construction Incorporated (NYSE:GVA). Proshare Advsr Ltd holds 9,336 shares. Amer Gp reported 0.02% in Granite Construction Incorporated (NYSE:GVA). Renaissance Ltd Liability Corp accumulated 62,400 shares. Manufacturers Life Insurance Co The has 0.01% invested in Granite Construction Incorporated (NYSE:GVA). Citigroup holds 15,504 shares. Guggenheim Cap Lc holds 6,400 shares or 0% of its portfolio. Prudential Fincl stated it has 28,752 shares. Sg Americas Securities Limited Liability Corporation holds 58,720 shares or 0.03% of its portfolio. State Of Tennessee Treasury Department, Tennessee-based fund reported 20,000 shares.

Since December 13, 2017, it had 0 insider buys, and 1 insider sale for $79,695 activity.

Granite Construction Incorporated (NYSE:GVA) Ratings Coverage

Among 3 analysts covering Granite Construction Inc (NYSE:GVA), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Granite Construction Inc had 3 analyst reports since January 18, 2018 according to SRatingsIntel. Cowen & Co maintained the shares of GVA in report on Thursday, January 18 with “Buy” rating. The rating was upgraded by DA Davidson on Thursday, April 5 to “Buy”. Below is a list of Granite Construction Incorporated (NYSE:GVA) latest ratings and price target changes.

05/04/2018 Broker: DA Davidson Old Rating: Neutral New Rating: Buy Upgrade
14/02/2018 Broker: FBR Capital Rating: Buy New Target: $76.0
18/01/2018 Broker: Cowen & Co Rating: Buy New Target: $85.0 Maintain

The stock increased 2.24% or $1.3 during the last trading session, reaching $59.31. About 142,647 shares traded. Granite Construction Incorporated (NYSE:GVA) has risen 13.20% since May 16, 2017 and is uptrending. It has outperformed by 1.65% the S&P500.

Granite Construction Incorporated operates as a heavy civil contractor and a construction materials producer in the United States. The company has market cap of $2.38 billion. The firm operates through three divisions: Construction, Large Project Construction, and Construction Materials. It has a 34.68 P/E ratio. The Construction segment undertakes various construction projects focusing on new construction and improvement of streets, roads, highways, bridges, site work, underground, power-related facilities, utilities, and other infrastructure projects.

More notable recent Granite Construction Incorporated (NYSE:GVA) news were published by: Streetinsider.com which released: “Granite Construction (GVA) Announces Retirement of CFO” on April 23, 2018, also Businesswire.com with their article: “Granite Reports First Quarter 2018 Results” published on April 30, 2018, Businesswire.com published: “Forbes Names Granite One of America’s Best Mid-Size Employers for the Third Year in a Row” on May 01, 2018. More interesting news about Granite Construction Incorporated (NYSE:GVA) were released by: Seekingalpha.com and their article: “Granite Construction’s (GVA) CEO Jim Roberts on Q1 2018 Results – Earnings Call Transcript” published on April 30, 2018 as well as Globenewswire.com‘s news article titled: “Consolidated Research: 2018 Summary Expectations for Select Income REIT, Cal-Maine Foods, Capstead Mortgage …” with publication date: April 25, 2018.

Granite Construction Incorporated (NYSE:GVA) Institutional Positions Chart

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