GVA

Over the past six months, Granite Construction's stock price has fluctuated due to earnings reports, analyst ratings, and new contract awards, trading within a 52-week range of $97.26 to $162.08. In Q1 2026, Granite reported strong results with revenues up 30.4% year-on-year, beating expectations and raising full-year guidance, which led to a 21% stock price increase. However, Goldman Sachs downgraded the stock to "Sell" citing expectations of a challenging demand environment post-Infrastructure Investment and Jobs Act. Q2 2026 saw Granite beat revenue expectations with sales up 29.3% year-on-year and raised full-year revenue guidance, but missed non-GAAP profit and adjusted EBITDA estimates, posting a significant GAAP net loss due to convertible note charges, causing the stock to trade down 2.9%. The company secured several significant contracts in September-October 2026, including a $324.8 million sewer project, a $165 million Guam Defense System task order, and a $116.9 million Utah DOT contract, contributing to a record project backlog of $7.4 billion. Insider activity over the past 12 months showed net selling of $9.6 million against $0.2 million in purchases.