This is what analysts have to say about Granite Construction Inc. (NYSE:GVA) after last week.

June 19, 2017 - By Kurt Siggers

 This is what analysts have to say about Granite Construction Inc. (NYSE:GVA) after last week.
Investors sentiment increased to 1.31 in 2016 Q4. Its up 0.35, from 0.96 in 2016Q3. It improved, as 11 investors sold Granite Construction Inc. shares while 80 reduced holdings. 50 funds opened positions while 69 raised stakes. 34.58 million shares or 1.61% less from 35.14 million shares in 2016Q3 were reported.
Mutual Of America Capital Mngmt Lc invested in 30,769 shares. Us Savings Bank De, a Minnesota-based fund reported 73,783 shares. Fiduciary Fincl Serv Of The Southwest Tx accumulated 88,599 shares. Morgan Stanley owns 228,513 shares for 0% of their portfolio. Blackrock Advsrs Ltd Liability Corp, a Delaware-based fund reported 20,967 shares. Moreover, Nationwide Fund has 0.03% invested in Granite Construction Inc. (NYSE:GVA) for 134,367 shares. Art Advsr Ltd Liability invested in 0.03% or 7,800 shares. 3,730 are owned by Elm Advsrs Llc. Missouri-based Parkside Financial Bank & Tru has invested 0.01% in Granite Construction Inc. (NYSE:GVA). Credit Suisse Ag reported 118,126 shares. 10,154 are held by Proshare Advsrs Ltd. Creative Planning has 0% invested in Granite Construction Inc. (NYSE:GVA) for 12 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt System holds 0.01% or 5,863 shares in its portfolio. Tributary Cap Mngmt Limited Liability Corporation holds 225,030 shares or 1.45% of its portfolio. State Of New Jersey Common Pension Fund D reported 365,000 shares.

Since March 13, 2017, it had 1 insider buy, and 3 selling transactions for $1.18 million activity. The insider Roberts James Hildebrand sold 17,442 shares worth $878,110. $9,696 worth of Granite Construction Inc. (NYSE:GVA) shares were bought by Galloway Patricia D. 3,174 shares valued at $159,049 were sold by Krzeminski Laurel J on Monday, March 13.

Granite Construction Inc. (NYSE:GVA) Ratings Coverage

Among 7 analysts covering Granite Constr (NYSE:GVA), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Granite Constr had 13 analyst reports since November 24, 2015 according to SRatingsIntel. Cowen & Co maintained the stock with “Outperform” rating in Wednesday, December 2 report. The firm earned “Buy” rating on Monday, April 3 by Goldman Sachs. M Partners maintained it with “Buy” rating and $56 target in Tuesday, August 2 report. The firm earned “Outperform” rating on Friday, March 31 by Cowen & Co. The rating was maintained by Canaccord Genuity on Thursday, March 23 with “Buy”. The firm earned “Outperform” rating on Thursday, April 14 by Cowen & Co. On Wednesday, May 3 the stock rating was maintained by FBR Capital with “Outperform”. The company was upgraded on Friday, December 11 by FBR Capital. The stock has “Outperform” rating by FBR Capital on Tuesday, August 2. The rating was initiated by Stifel Nicolaus on Wednesday, December 9 with “Buy”. Below is a list of Granite Construction Inc. (NYSE:GVA) latest ratings and price target changes.

03/05/2017 Broker: FBR Capital Rating: Outperform Old Target: $67.00 New Target: $63.00 Maintain
03/04/2017 Broker: Goldman Sachs Old Rating: Neutral New Rating: Buy Upgrade
31/03/2017 Broker: Cowen & Co Rating: Outperform New Target: $70.00 Maintain
23/03/2017 Broker: Canaccord Genuity Rating: Buy New Target: $70.00 Maintain
10/01/2017 Broker: Canaccord Genuity Rating: Buy New Target: $70.00 Initiates Coverage On

About 21,288 shares traded. Granite Construction Inc. (NYSE:GVA) has risen 16.24% since June 19, 2016 and is uptrending. It has underperformed by 0.46% the S&P500.

Granite Construction Incorporated is a heavy civil contractor and construction materials producer in the United States. The company has market cap of $1.96 billion. The Firm operates through three divisions: Construction, Large Project Construction and Construction Materials. It has a 45.45 P/E ratio. The Firm operates across the nation, serving both public and private sector clients.

More notable recent Granite Construction Inc. (NYSE:GVA) news were published by: Seekingalpha.com which released: “Granite Construction (GVA) Q4 2016 Results – Earnings Call Transcript” on February 17, 2017, also Seekingalpha.com with their article: “Granite Construction (GVA) Q1 2017 Results – Earnings Call Transcript” published on May 02, 2017, Nasdaq.com published: “Granite Construction Enters Oversold Territory (GVA)” on March 14, 2017. More interesting news about Granite Construction Inc. (NYSE:GVA) were released by: Barrons.com and their article: “Granite Construction to See Infrastructure Bump Up” published on June 01, 2017 as well as Fool.com‘s news article titled: “Why Diana Shipping, Akorn, and Granite Construction Jumped Today” with publication date: April 07, 2017.

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