<div id="readability-page-1"><p><span>Granite Construction (NYSE:GVA - Get Free Report)</span> was downgraded by research analysts at Wall Street Zen from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research report issued on Sunday.</p><div><p><span></span><span>Get <strong>Granite Construction</strong> alerts:</span></p></div><p>A number of other equities research analysts also recently issued reports on GVA. The Goldman Sachs Group began coverage on shares of Granite Construction in a report on Monday, November 24th. They issued a &#34;neutral&#34; rating and a $109.00 price target on the stock. Weiss Ratings  reissued a &#34;buy (b)&#34; rating on shares of Granite Construction in a report on Monday, December 8th. DA Davidson boosted their price target on shares of Granite Construction from $125.00 to $130.00 and gave the company a &#34;buy&#34; rating in a research report on Tuesday, November 11th. Finally, Zacks Research downgraded Granite Construction from a &#34;hold&#34; rating to a &#34;strong sell&#34; rating in a research report on Wednesday, November 12th. Two equities research analysts have rated the stock with a Buy rating, one  has assigned  a Hold rating and one  has assigned  a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of &#34;Hold&#34; and a consensus target price of $119.50.</p><p><b>View Our Latest Stock Analysis on Granite Construction</b></p><h2>Granite Construction Trading Down 0.2%</h2><p>NYSE:GVA opened at $114.95 on Friday. The company has a market cap of $5.02 billion, a P/E ratio of 33.13 and a beta of 1.33. The stock's fifty day moving average price is $105.17 and its two-hundred day moving average price is $101.58. Granite Construction has a 1 year low of $69.08 and a 1 year high of $115.88. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.12. </p><p>Granite Construction (NYSE:GVA - Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The construction company reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.14. The company had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.51 billion. Granite Construction had a return on equity of 24.04% and a net margin of 4.31%.The firm's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.05 earnings per share.  As a group, analysts expect that  Granite Construction will post 5.49 EPS for the current year. </p><h2>Insider Transactions at Granite Construction</h2><p>In other Granite Construction news, Director Celeste Beeks Mastin sold 7,614 shares of the company's stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $105.23, for a total value of $801,221.22. Following the completion of the sale, the director owned 10,206 shares of the company's stock, valued at $1,073,977.38. This represents a 42.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities &amp; Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by corporate insiders. </p><h2>Hedge Funds Weigh In On Granite Construction</h2><p>Several institutional investors and hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC bought a new stake in  Granite Construction in the third quarter worth $26,000.  Salomon &amp; Ludwin LLC bought a new position in shares of  Granite Construction during the third quarter valued at about $42,000.  Federated Hermes Inc. increased its holdings in shares of  Granite Construction by 94.6% in the third quarter. Federated Hermes Inc. now owns 436 shares of the construction company's stock worth $48,000 after buying an additional 212 shares during the period.  Quarry LP lifted its stake in shares of  Granite Construction by 1,417.6% in the 3rd quarter. Quarry LP now owns 516 shares of the construction company's stock valued at $57,000 after acquiring an additional 482 shares during the last quarter.  Finally, Danske Bank A S purchased a new stake in  Granite Construction during the 3rd quarter valued at about $77,000. </p><h2>Granite Construction Company Profile</h2> (Get Free Report)<p>Granite Construction Incorporated operates as an infrastructure contractor in the United States. It operates through two segments: Construction and Materials segments. The Construction segment engages in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure, and site development for use by the public and water-related construction for municipal agencies, commercial water suppliers, industrial facilities, and energy companies; and construction of various complex projects, including infrastructure/site development, mining, public safety, tunnel, solar storage, and power related projects.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Granite Construction</li><li>The Significance of Brokerage Rankings in Stock Selection</li><li>Disney's $1 Billion Deal Brings Its Magic to OpenAI</li><li>Stock Average Calculator      </li><li>Why Amazon Could Be a $300 Stock Within Weeks</li><li>Best Energy Stocks - Energy Stocks to Buy Now</li><li>Adobe Gets Post-Earnings Lift: Long-Term Outlook Favors Upside</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Granite Construction Right Now?</h2><p>Before you consider Granite Construction, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Granite Construction wasn't on the list.</p><p>While Granite Construction currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Wall Street Zen downgraded Granite Construction (NYSE:GVA) from a "buy" to a "hold" rating. Other analysts have mixed ratings, with Goldman Sachs issuing a "neutral" rating and Zacks Research downgrading to "strong sell." The stock has an average "hold" rating and a consensus target price of $119.50. Granite Construction's recent earnings beat expectations, with a quarterly EPS of $2.70 and revenue of $1.43 billion.</p>

Granite Construction (NYSE:GVA) Downgraded to "Hold" Rating by Wall Street Zen