Granite Construction Inc (NYSE:GVA) Stock Price While Sentiment Dive

Granite Construction Incorporated (NYSE:GVA) Logo

Sentiment for Granite Construction Inc (NYSE:GVA)

Granite Construction Inc (NYSE:GVA) institutional sentiment decreased to 1.1 in 2018 Q4. Its down -0.03, from 1.13 in 2018Q3. The ratio is negative, as 101 investment professionals increased and opened new positions, while 92 sold and reduced their stock positions in Granite Construction Inc. The investment professionals in our partner’s database now have: 44.90 million shares, up from 42.61 million shares in 2018Q3. Also, the number of investment professionals holding Granite Construction Inc in their top 10 positions increased from 3 to 6 for an increase of 3. Sold All: 30 Reduced: 62 Increased: 72 New Position: 29.

Granite Construction Incorporated operates as a heavy civil contractor and a construction materials producer in the United States. The company has market cap of $1.93 billion. The firm operates through three divisions: Construction, Large Project Construction, and Construction Materials. It has a 97.8 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.

The stock decreased 2.41% or $1.02 during the last trading session, reaching $41.27. About 304,589 shares traded. Granite Construction Incorporated (NYSE:GVA) has declined 17.08% since May 17, 2018 and is downtrending. It has underperformed by 21.45% the S&P500.

Analysts await Granite Construction Incorporated (NYSE:GVA) to report earnings on August, 14. They expect $0.64 EPS, up 48.84 % or $0.21 from last year’s $0.43 per share. GVA’s profit will be $29.96 million for 16.12 P/E if the $0.64 EPS becomes a reality. After $-0.57 actual EPS reported by Granite Construction Incorporated for the previous quarter, Wall Street now forecasts -212.28 % EPS growth.

Wynnefield Capital Inc holds 7.06% of its portfolio in Granite Construction Incorporated for 345,654 shares. Hcsf Management Llc owns 250,000 shares or 6.85% of their US portfolio. Moreover, Rutabaga Capital Management Llc Ma has 3.9% invested in the company for 293,252 shares. The New York-based John G Ullman & Associates Inc has invested 3.32% in the stock. Van Den Berg Management I Inc, a Texas-based fund reported 533,643 shares.

Since January 1, 0001, it had 0 buys, and 2 sales for $174,581 activity.

Granite Construction Incorporated (NYSE:GVA) Ratings Coverage

Ratings analysis reveals 67% of Granite Construction’s analysts are positive. Out of 3 Wall Street analysts rating Granite Construction, 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $50 while the high is $66. The stock’s average target of $59 is 42.96% above today’s ($41.27) share price. GVA was included in 5 notes of analysts from December 10, 2018. As per Thursday, March 7, the company rating was maintained by FBR Capital. M Partners maintained the stock with “Buy” rating in Friday, March 22 report. M Partners maintained the shares of GVA in report on Thursday, February 21 with “Buy” rating. The rating was downgraded by Goldman Sachs on Monday, December 10 to “Neutral”.

More news for Granite Construction Incorporated (NYSE:GVA) were recently published by: Finance.Yahoo.com, which released: “Is Fabrinet (FN) A Good Stock To Buy? – Yahoo Finance” on April 30, 2019. Finance.Yahoo.com‘s article titled: “Granite Construction Incorporated to Host Earnings Call – Yahoo Finance” and published on April 26, 2019 is yet another important article.

Granite Construction Incorporated (NYSE:GVA) Institutional Positions Chart

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