Granite Construction (GVA) Forms $63.42 Double Top; Erie Indemnity Co (ERIE) Has 1.14 Sentiment

December 12, 2017 - By Migdalia James

Granite Construction Incorporated (GVA) formed double top with $69.12 target or 9.00% above today’s $63.42 share price. Granite Construction Incorporated (GVA) has $2.53B valuation. The stock increased 0.15% or $0.096 during the last trading session, reaching $63.416. About 26,242 shares traded. Granite Construction Incorporated (NYSE:GVA) has risen 16.24% since December 12, 2016 and is uptrending. It has underperformed by 0.46% the S&P500.

Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. The company has market cap of $6.32 billion. The firm provides sales, underwriting, and policy issuance services for the policyholders on behalf of the Erie Insurance Exchange. It has a 30.06 P/E ratio. The Company’s sales related services include agent compensation, and sales and advertising support services; and underwriting services comprise underwriting and policy processing, as well as provides administrative support, information technology, and customer services.

The stock increased 0.74% or $0.8935 during the last trading session, reaching $120.8435. About 677 shares traded. Erie Indemnity Company (ERIE) has risen 20.44% since December 12, 2016 and is uptrending. It has outperformed by 3.74% the S&P500.

Analysts await Erie Indemnity Company (NASDAQ:ERIE) to report earnings on February, 22. They expect $0.76 EPS, down 12.64% or $0.11 from last year’s $0.87 per share. ERIE’s profit will be $39.74 million for 39.75 P/E if the $0.76 EPS becomes a reality. After $1.12 actual EPS reported by Erie Indemnity Company for the previous quarter, Wall Street now forecasts -32.14% negative EPS growth.

Wedgewood Investors Inc Pa holds 5.75% of its portfolio in Erie Indemnity Company for 53,503 shares. Columbia Asset Management owns 64,646 shares or 2.61% of their US portfolio. Moreover, Messner & Smith Theme Value Investment Management Ltd Ca has 2.28% invested in the company for 10,448 shares. The Illinois-based Old Republic International Corp has invested 0.91% in the stock. Mycio Wealth Partners Llc, a Pennsylvania-based fund reported 59,439 shares.

Investors sentiment decreased to 1.25 in Q2 2017. Its down 0.15, from 1.4 in 2017Q1. It worsened, as 29 investors sold Granite Construction Incorporated shares while 53 reduced holdings. 24 funds opened positions while 91 raised stakes. 38.01 million shares or 7.78% more from 35.26 million shares in 2017Q1 were reported. Wells Fargo & Mn holds 361,150 shares. Segall Bryant Hamill accumulated 162,761 shares. Ing Groep Nv holds 0% in Granite Construction Incorporated (NYSE:GVA) or 4,843 shares. Greenwood Associate Llc has invested 0.06% in Granite Construction Incorporated (NYSE:GVA). Rainier Investment Mgmt Lc holds 35,310 shares. Capstone Asset reported 6,132 shares stake. Tci Wealth Advisors holds 0.01% or 300 shares. Community Tru And Invest holds 1.14% in Granite Construction Incorporated (NYSE:GVA) or 211,159 shares. Deutsche Financial Bank Ag invested in 156,757 shares. Raymond James Fincl Advisors holds 0.01% of its portfolio in Granite Construction Incorporated (NYSE:GVA) for 31,067 shares. Moreover, Gradient Limited has 0.02% invested in Granite Construction Incorporated (NYSE:GVA). Sg Americas Securities Ltd Co reported 0.01% stake. Texas Permanent School Fund stated it has 29,071 shares. Zweig owns 282,240 shares or 1% of their US portfolio. 51,700 were accumulated by Renaissance Limited Liability Corp.

Analysts await Granite Construction Incorporated (NYSE:GVA) to report earnings on February, 16. They expect $0.73 earnings per share, up 82.50% or $0.33 from last year’s $0.4 per share. GVA’s profit will be $29.09 million for 21.72 P/E if the $0.73 EPS becomes a reality. After $1.14 actual earnings per share reported by Granite Construction Incorporated for the previous quarter, Wall Street now forecasts -35.96% negative EPS growth.

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