Argus lowers target for Granite Construction stock to USD 107.00
Published on 10/17/2026 at 20:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSArgus and upcoming results
- Argus lowered the Granite Construction target to USD 107.00 on October 14, 2026.
- Granite Construction will release third-quarter results on October 29, 2026.
- Granite Construction stock was last at USD 109.70 on October 16, 2026 at 4:00 p.m. ET, 0.85 percent above the prior close of October 15, 2026.
- Granite Construction had a USD 4.8 billion market capitalization on October 16, 2026.
Argus lowered its Granite Construction target to USD 107.00 on October 14, 2026, according to Yahoo Finance. Granite Construction stock was last at USD 109.70 on October 16, 2026 at 4:00 p.m. ET, up 0.85 percent versus the prior close of October 15, 2026.
Second-quarter revenue rose 29.30 percent
Granite Construction reported second-quarter 2026 revenue of USD 1.46 billion, up 29.30 percent from the year-earlier quarter, according to Yahoo Finance. The result exceeded expectations by 4.40 percent, although the same report described the quarter as mixed because earnings before interest, taxes, depreciation and amortization missed expectations.
Stock sits 32.33 percent below its high
The NYSE price stood 12.79 percent above Granite Construction's 52-week low of USD 97.26 and 32.33 percent below its 52-week high of USD 162.08 on October 16, 2026. Trading volume was 1,629,495 shares, compared with an average of 708,179 shares, giving investors a concrete measure of the session's activity.
Valuation and October 29 date
Granite Construction's market capitalization was USD 4.8 billion on October 16, 2026, while its price-to-earnings ratio was negative 25.10. The Argus target lies 2.46 percent below the last NYSE price, a modest gap that keeps the target close to the latest quotation rather than presenting a wide valuation spread.
Granite will release results for the quarter ended September 30, 2026, before the market opens on October 29, 2026, according to Yahoo Finance. The company also scheduled an investor conference call for that date.
Comparison with peers
GVA: plus 0.85 percent, P/E -25.10, market capitalization USD 4.8 billion
Vulcan Materials (NYSE, USD): plus 2.07 percent, P/E 30.38, market capitalization USD 33.4 billion
Jacobs Solutions (NYSE, USD): minus 0.63 percent, P/E 49.50, market capitalization USD 16.5 billion
Granite Construction market position
The latest NYSE quote was USD 109.70 on October 16, 2026 at 4:00 p.m. ET, placing the stock above its yearly low but well below its yearly high.
Granite Construction market data
- Company: Granite Construction Incorporated
- ISIN: US3873281071
- Ticker: GVA
- Primary exchange: NYSE
- Last NYSE price (as of October 16, 2026, 4:00 p.m. ET): USD 109.70
- Change versus prior close: plus 0.85 percent
- Market capitalization: USD 4.8 billion (as of October 16, 2026)
- 52-week range: USD 97.26-162.08 (as of October 16, 2026)
- Sector / Industry: Industrials / Engineering and Construction
- Next earnings date: October 29, 2026
Market context: Market report S&P 500.
