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Granite Construction Inc. (NYSE: GVA) closed the day trading at $60.47 down -1.82% from the previous closing price of $61.59. In other words, the price has decreased by -$1.82 from its previous closing price. On the day, 1.03 million shares were traded. GVA stock price reached its highest trading level at $62.27 during the session, while it also had its lowest trading level at $59.6701.
Ratios:
For a better understanding of GVA, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.92 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.04. For the most recent quarter (mrq), Quick Ratio is recorded 1.39 and its Current Ratio is at 1.51. In the meantime, Its Debt-to-Equity ratio is 0.67 whereas as Long-Term Debt/Eq ratio is at 0.61.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, DA Davidson on April 15, 2021, Upgraded its rating to Buy and sets its target price to $55 from $35 previously.
On January 13, 2020, Goldman Downgraded its rating to Sell which previously was Neutral and also lowered its target price recommendation from $29 to $26.
DA Davidson Downgraded its Buy to Neutral on October 28, 2019, whereas the target price for the stock was revised from $45 to $30.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 07 ’24 when Williams Bradley Jay sold 750 shares for $61.21 per share. The transaction valued at 45,908 led to the insider holds 7,423 shares of the business.
CALDERA LOUIS E sold 1,263 shares of GVA for $63,150 on Feb 27 ’24. The Director now owns 8,528 shares after completing the transaction at $50.00 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GVA now has a Market Capitalization of 2669817088 and an Enterprise Value of 2856295424. As of this moment, Granite’s Price-to-Earnings (P/E) ratio for their current fiscal year is 129.15, and their Forward P/E ratio for the next fiscal year is 12.46. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 18.45. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.74 while its Price-to-Book (P/B) ratio in mrq is 2.82. Its current Enterprise Value per Revenue stands at 0.789 whereas that against EBITDA is 18.033.
Stock Price History:
The Beta on a monthly basis for GVA is 1.42, which has changed by 0.48174465 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. Over the past 52 weeks, GVA has reached a high of $65.08, while it has fallen to a 52-week low of $33.74. The 50-Day Moving Average of the stock is -0.42%, while the 200-Day Moving Average is calculated to be 19.70%.
Shares Statistics:
Over the past 3-months, GVA traded about 461.21K shares per day on average, while over the past 10 days, GVA traded about 547820 shares per day. A total of 43.94M shares are outstanding, with a floating share count of 43.72M. Insiders hold about 0.97% of the company’s shares, while institutions hold 107.72% stake in the company. Shares short for GVA as of 1718323200 were 5023025 with a Short Ratio of 10.89, compared to 1715731200 on 4768260. Therefore, it implies a Short% of Shares Outstanding of 5023025 and a Short% of Float of 15.8.
Dividends & Splits
GVA’s forward annual dividend rate is 0.52, up from 0.52 a year ago. Against a Trailing Annual Dividend Yield of 0.008442929The stock’s 5-year Average Dividend Yield is 1.67. The current Payout Ratio is 62.70% for GVA, which recently paid a dividend on 2024-06-28 with an ex-dividend date of 1719532800. Stock splits for the company last occurred on 2001-04-16 when the company split stock in a 3:2 ratio.
