Several brokerages have updated their recommendations and price targets on shares of Granite Construction (NYSE: GVA) in the last few weeks:
- 8/4/2026 – Granite Construction was downgraded by Weiss Ratings from “hold (c)” to “sell (d+)”.
- 7/31/2026 – Granite Construction had its price target lowered by The Goldman Sachs Group, Inc. from $139.00 to $119.00. They now have a “sell” rating on the stock.
- 7/31/2026 – Granite Construction had its price target raised by Oppenheimer Holdings, Inc. from $170.00 to $180.00. They now have an “outperform” rating on the stock.
- 7/21/2026 – Granite Construction was downgraded by Weiss Ratings from “hold (c+)” to “hold (c)”.
- 7/18/2026 – Granite Construction was downgraded by Wall Street Zen from “buy” to “hold”.
- 7/9/2026 – Granite Construction had its “sell” rating reaffirmed by The Goldman Sachs Group, Inc.. They now have a $139.00 price target on the stock, down from $141.00.
- 7/6/2026 – Granite Construction was upgraded by Weiss Ratings from “hold (c)” to “hold (c+)”.
- 6/27/2026 – Granite Construction was upgraded by Wall Street Zen from “hold” to “buy”.
- 6/26/2026 – Granite Construction is now covered by Stephens. They set an “overweight” rating and a $180.00 price target on the stock.
- 6/25/2026 – Granite Construction was upgraded by Stephens to “strong-buy”.
- 6/18/2026 – Granite Construction was downgraded by Weiss Ratings from “hold (c+)” to “hold (c)”.
Granite Construction Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Tuesday, June 30th. Granite Construction’s dividend payout ratio is currently -12.06%.
Insider Buying and Selling
In related news, SVP Bradley Jay Williams sold 6,734 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $141.00, for a total transaction of $949,494.00. Following the completion of the transaction, the senior vice president directly owned 7,041 shares of the company’s stock, valued at approximately $992,781. This represents a 48.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Carlos M. Hernandez purchased 400 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was bought at an average price 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 of the company’s stock, valued at approximately $624,041.67. This represents a 8.63% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 1,150 shares of company stock worth $156,636 over the last 90 days. 0.88% of the stock is currently owned by insiders.
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.
In its construction segment, Granite undertakes highway and bridge building, airport runway and taxiway construction, marine terminal and port improvements, dam and reservoir projects, transit systems and underground utilities.
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