Texas Permanent School Fund Corp Acquires 11,163 Shares of Granite Construction Incorporated $GVA

19 Dec 2025, 05:36 by Renee Jackson · The Cerbat Gem

Texas Permanent School Fund Corp grew its holdings in shares of Granite Construction Incorporated (NYSE:GVA – Free Report) by 35.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 42,353 shares of the construction company’s stock after purchasing an additional 11,163 shares during the period. Texas Permanent School Fund Corp’s holdings in Granite Construction were worth $3,960,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. American Trust purchased a new position in Granite Construction during the second quarter valued at $264,000. Thrivent Financial for Lutherans increased its holdings in shares of Granite Construction by 0.8% during the second quarter. Thrivent Financial for Lutherans now owns 32,246 shares of the construction company’s stock valued at $3,015,000 after acquiring an additional 257 shares in the last quarter. Evergreen Capital Management LLC raised its position in shares of Granite Construction by 4.5% in the 2nd quarter. Evergreen Capital Management LLC now owns 2,813 shares of the construction company’s stock worth $263,000 after purchasing an additional 120 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Granite Construction by 68.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,499 shares of the construction company’s stock worth $514,000 after purchasing an additional 2,231 shares in the last quarter. Finally, State of Tennessee Department of Treasury grew its position in Granite Construction by 14.0% during the 2nd quarter. State of Tennessee Department of Treasury now owns 15,456 shares of the construction company’s stock valued at $1,445,000 after purchasing an additional 1,900 shares during the last quarter.

Granite Construction Price Performance

Shares of GVA opened at $113.80 on Friday. The firm has a fifty day simple moving average of $105.84 and a two-hundred day simple moving average of $102.20. The firm has a market cap of $4.97 billion, a PE ratio of 32.79 and a beta of 1.33. The company has a current ratio of 1.21, a quick ratio of 1.12 and a debt-to-equity ratio of 0.80. Granite Construction Incorporated has a 1-year low of $69.08 and a 1-year high of $117.12.

Granite Construction (NYSE:GVA – Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The construction company reported $2.70 EPS for the quarter, topping the consensus estimate of $2.56 by $0.14. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.51 billion. Granite Construction had a return on equity of 24.04% and a net margin of 4.31%.Granite Construction’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.05 earnings per share. On average, equities analysts anticipate that Granite Construction Incorporated will post 5.49 EPS for the current year.

Granite Construction Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.52 annualized dividend and a dividend yield of 0.5%. Granite Construction’s dividend payout ratio is presently 14.99%.

Wall Street Analyst Weigh In

GVA has been the subject of a number of analyst reports. The Goldman Sachs Group began coverage on shares of Granite Construction in a report on Monday, November 24th. They issued a “neutral” rating and a $109.00 target price for the company. Wall Street Zen lowered shares of Granite Construction from a “buy” rating to a “hold” rating in a report on Sunday, December 14th. DA Davidson upped their price objective on Granite Construction from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Zacks Research lowered Granite Construction from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 12th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Granite Construction in a report on Monday. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $119.50.

View Our Latest Stock Analysis on Granite Construction

Insider Activity at Granite Construction

In other news, Director Celeste Beeks Mastin sold 7,614 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $105.23, for a total value of $801,221.22. Following the transaction, the director owned 10,206 shares in the company, valued at $1,073,977.38. This represents a 42.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is owned by insiders.

Granite Construction Company Profile

(Free Report)

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.