On August 20, 2024, Molly Campbell, Director at Granite Construction Inc (NYSE:GVA), sold 2,810 shares of the company’s stock. The transaction was filed with the SEC on the same day. Following this transaction, the insider now directly owns 14,713 shares of the company’s stock.

Granite Construction Inc (NYSE:GVA) is a construction company and building materials producer in the United States. The company is involved in the construction of infrastructure projects, including roads, bridges, dams, and airports. It also produces building materials such as sand, gravel, and asphalt concrete.

Over the past year, the insider has sold a total of 2,810 shares and made no purchases. This recent sale is part of a broader trend seen within the company. Over the past year, there were four insider sales and no insider purchases.

Granite Construction Inc.’s stock price on the day of sale was $71.43. The company’s market capitalization is approximately $3.07 billion. Its price-to-earnings ratio is 40.40, well above the industry average of 14.84 and the company’s historical median.

The GF Value of the stock is estimated at $43.13, which represents a Price to GF Value ratio of 1.66. This suggests that Granite Construction Inc. is significantly overvalued based on its GF Value.

The GF score is calculated by taking into account historical trading multiples, a GuruFocus adjustment factor based on past earnings and growth, and Morningstar analyst estimates of future business performance.

This insider sale may be of interest to investors who follow insider behavior, particularly in relation to the company’s valuation metrics and stock performance.

This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.

This article first appeared on GuruFocus.