The Insider Activity Of Granite Construction Incorporated (GVA) Should Not Be Ignored

At the last check on Friday, Granite Construction Incorporated’s (NYSE:GVA) stock was down -$0.04, moving down -0.13 percent to $30.45. The average number of shares traded per day over the past five days has been 489,285 shares. 1 time new highs have been achieved over the past 5 days, with a $0.72 gain in that time frame. In the last twenty days, the average volume was 362,311, while in the previous 50 days, it was 352,265.

Since last month, GVA stock rose 7.25%. Shares of the company fell to $27.86 on 07/06/22, the lowest level in the past month. A 52-week high of $43.98 was reached on 01/05/22 after having rallying from a 52-week low of $27.84. Since the beginning of this year, GVA’s stock price has dropped by -21.21% or -$8.08, and marked a new high 2 times. However, the stock has declined by -30.76% since its 52-week high.

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Granite Construction Incorporated (GVA) last reported insider trading activity 91 days ago on May 06. Larkin Kyle T, the President & CEO of the company, disposed of 8,000 shares for $31.06 on May 06. It resulted in a $248,480 divestment by the insider.

Valuation Metrics

The stock’s beta is 1.36. Besides these, the trailing price-to-sales (P/S) ratio of 0.52, the price-to-book (PB) ratio of 1.52.

The latest dividend of $0.13 per share was paid out, remained unchanged from last year’s $0.13.

Financial Health

In the three months ended June 29, Granite Construction Incorporated’s quick ratio stood at 1.60, while its current ratio was 1.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.32, and the total debt-to-equity ratio was 0.33. On the profitability front, the trailing twelve-month gross margin is 9.40% percent. In the year ended June 29, operating margins totaled -1.20%. Based on annual data, GVA earned $305.56 million in gross profit and brought in $3.01 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 0.20%. Return on equity (ROE) for the past 12 months was 1.10%.

In Granite Construction Incorporated’s quarter-end financial report for June 29, it reported total debt of $286.8 million against cash and short-term investments of $45.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. GVA’s revenue rose 12.81% to $547.59 million during the quarter, while net income inched up to $768.29 million. While analysts expected Granite Construction Incorporated to report $0.62 quarterly earnings, the actual figure was $0.39 per share, beating the consensus estimate by -37.10%. During the quarter, the company generated $21.89 million in EBITDA. The liabilities of Granite Construction Incorporated were 1.37 billion at the end of its most recent quarter ended June 29, and its total debt was $319.41 million. The value of shareholders’ equity is $44.09 million.

Technical Picture

This quick technical analysis looks at Granite Construction Incorporated’s (GVA) price momentum. With a historical volatility rate of 22.56%, the RSI 9-day stood at 61.51% on 04 August.

With respect to its five-day moving average, the current Granite Construction Incorporated price is up by +2.41% percent or $0.72. At present, GVA shares trade +6.25% above its 20-day simple moving average and -3.56% percent below its 100-day simple moving average. However, the stock is currently trading approximately -4.31% below its SMA50 and -21.73% below its SMA200.

Stochastic coefficient K was 67.08% and Stochastic coefficient D was 68.12%, while ATR was 0.91. Given the Stochastic reading of 72.07% for the 14-day period, the RSI (14) reading has been calculated as 57.97%. As of today, the MACD Oscillator reading stands at 0.11, while the 14-day reading stands at 0.22.

Analyst Ratings

DA Davidson upgraded its rating on Granite Construction Incorporated (NYSE: GVA) to a Buy in a note to investors on April 15, 2021. The analysts firm previously had a Neutral rating on the stock.Granite Construction Incorporated (GVA) has been rated Overweight by analysts. According to 1 brokerage firm, GVA is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Granite Construction Incorporated stock as buy, with 3 recommending it as overweight.

With a median target price of $45.00, the current consensus forecast for the stock is $32.00 – $50.00. Based on these forecasts, analysts predict Granite Construction Incorporated (GVA) will achieve an average price target of $43.20.


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