Granite Construction Inc. (NYSE: GVA): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

GVA belongs to the Industrials sector of the NYSE while operating in the Engineering & Construction industry. The current market capitalization of Granite Construction Inc. is $3.58B. A total of 0.88 million shares were traded on the day, compared to an average of 610.31K shares.

In the most recent transaction, CAMPBELL MOLLY sold 2,810 shares of GVA for 71.43 per share on Aug 20 ’24. After the transaction, the Director now owns 14,713 company shares. In a previous transaction on Aug 20 ’24, CAMPBELL MOLLY bought 2,810 shares at 71.38 per share.

Among the insiders who sold shares, Tatusko Michael G disposed of 5,000 shares on Aug 06 ’24 at a per-share price of $69.22. This resulted in the Senior Vice President holding 21,943 shares of GVA after the transaction. In another insider transaction, Tatusko Michael G bought 5,000 shares at $69.16 per share on Aug 06 ’24.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Granite Construction Inc. pays an annual dividend of $0.52, resulting in a dividend yield of 0.64%, and it has a price to earnings (P/E) ratio of 52.63. GVA’s most recent ex-dividend date was 9/30/2024 when it declared a $0.13 quarterly dividend that was paid in cash on 10/15/2024. Previously, the company paid the dividend on 7/15/2024 with an ex-dividend date of 6/28/2024. The GVA stock dividend was $0.13 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, GVA has a high of $83.28 and a low of $33.74.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. GVA’s latest balance sheet shows that the firm has $585.56M in Cash & Short Term Investments as of fiscal 2021. There were $372.85M in debt and $1.07B in liabilities at the time. Its Book Value Per Share was $21.33, while its Total Shareholder’s Equity was $995.56M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GVA is Buy with a score of 3.00.

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