On November 8, 2024, Molly Campbell, a Director at Granite Construction Inc (GVA, Financial), executed a sale of 1,670 shares of the company. The transaction was filed on the same day through an SEC Filing. Following this sale, the insider now directly owns 13,051 shares of Granite Construction Inc.
Granite Construction Inc is a civil contractor and construction materials producer in the United States. The company engages in building infrastructure projects, including roads, tunnels, bridges, airports, and other public projects. Granite Construction Inc also produces construction materials such as sand, gravel, ready-mix and asphalt concrete.
Over the past year, Molly Campbell has sold a total of 4,480 shares and has not made any purchases of the company's stock. This recent transaction continues a trend seen across the company, where there have been six insider sales and no insider buys over the last year.
Shares of Granite Construction Inc were priced at $96.71 on the day of the sale. The company's market cap is approximately $4.28 billion. The price-earnings ratio stands at 44.93, significantly above both the industry median of 15.91 and the company's historical median.
The stock's valuation metrics show a GF Value of $43.85, indicating that with a current price of $96.71, Granite Construction Inc is significantly overvalued with a price-to-GF-Value ratio of 2.21.
This insider sale might interest investors tracking ownership changes and evaluating the company's current stock valuation in relation to its GF Value. The transaction details and the company's valuation metrics provide a comprehensive view of the insider's recent activity and the stock's current standing in the market.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
