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NYSE:GVA

Granite Construction (GVA) Stock Price, News & Analysis

$71.39
-0.63 (-0.87%)
(As of 09/6/2024 ET)
Today's Range
$70.54
$72.99
50-Day Range
$58.95
$75.16
52-Week Range
$33.74
$75.36
Volume
461,798 shs
Average Volume
495,692 shs
Market Capitalization
$3.15 billion
P/E Ratio
121.00
Dividend Yield
0.73%
Price Target
$62.50

Granite Construction MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
12.5% Downside
$62.50 Price Target
Short Interest
Bearish
13.61% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.84mentions of Granite Construction in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$346,100 Sold Last Quarter
Proj. Earnings Growth
8.21%
From $5.24 to $5.67 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.60 out of 5 stars

Construction Sector

94th out of 99 stocks

Heavy Construction, Except Building Construction - Contractors Industry

10th out of 11 stocks

GVA stock logo

About Granite Construction Stock (NYSE:GVA)

Granite Construction Incorporated operates as an infrastructure contractor in the United States. It operates through two segments: Construction and Materials segments. The Construction segment engages in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure, and site development for use by the public and water-related construction for municipal agencies, commercial water suppliers, industrial facilities, and energy companies; and construction of various complex projects, including infrastructure/site development, mining, public safety, tunnel, solar storage, and power related projects. The Materials segment is involved in the production of aggregates, asphalt concrete, liquid asphalt, and recycled materials production for internal use in our construction projects and sale to third parties. It also offers site preparation, mining, and infrastructure services for residential development, energy development, commercial and industrial sites, railways, residential development, and energy development; and provides construction management professional services. It serves federal agencies, state departments of transportation, local transit authorities, county and city public works departments, school districts and developers, utilities, contractors, landscapers, manufacturers of products requiring aggregate materials, retailers, homeowners, farmers, brokers, and private owners of industrial, commercial, and residential sites. Granite Construction Incorporated was incorporated in 1922 and is headquartered in Watsonville, California.

GVA Stock Price History

GVA Stock News Headlines

Why billionaires are wiring money to abandoned towns
A new force is brewing in these forgotten towns that could soon turn Appalachia into one of America’s most valuable economic hubs – the beating heart of a new multi-billion-dollar revolution.
Granite Construction Recent Insider Activity
Why billionaires are wiring money to abandoned towns
A new force is brewing in these forgotten towns that could soon turn Appalachia into one of America’s most valuable economic hubs – the beating heart of a new multi-billion-dollar revolution.
See More Headlines
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Company Calendar

Ex-Dividend for 7/15 Dividend
6/28/2024
Dividend Payable
7/15/2024
Last Earnings
8/01/2024
Today
9/07/2024
Next Earnings (Estimated)
10/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Heavy construction, except building construction - contractors
Sub-Industry
Construction & Engineering
CUSIP
38732810
Employees
2,100
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$62.50
High Stock Price Target
$64.00
Low Stock Price Target
$61.00
Potential Upside/Downside
-12.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$43.60 million
Pretax Margin
3.43%

Debt

Sales & Book Value

Annual Sales
$3.81 billion
Cash Flow
$5.07 per share
Book Value
$22.60 per share

Miscellaneous

Free Float
43,793,000
Market Cap
$3.15 billion
Optionable
Optionable
Beta
1.39
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Key Executives

  • Mr. Kyle T. Larkin (Age 52)
    President, CEO & Director
    Comp: $2.68M
  • Ms. Elizabeth Lisa Curtis (Age 57)
    Executive VP & CFO
    Comp: $1.27M
  • Mr. James A. Radich (Age 65)
    Executive VP & COO
    Comp: $1.27M
  • Ms. Staci M. Woolsey (Age 47)
    Senior VP & Chief Accounting Officer
    Comp: $849.7k
  • Mr. Michael G. Tatusko (Age 59)
    Senior VP of Construction
    Comp: $1.04M
  • Ms. Kim Craig
    Senior VP of Corporate Finance & Treasurer
  • Mr. Michael W. Barker
    Vice President of Investor Relations
  • Mr. M. Craig Hall
    Senior VP, General Counsel, Corporate Compliance Officer & Secretary
  • Ms. Erin Kuhlman
    Senior VP and Chief Marketing & Communications Officer
  • Mr. Timothy W. Gruber
    Senior Vice President of Human Resources

GVA Stock Analysis - Frequently Asked Questions

How have GVA shares performed this year?

Granite Construction's stock was trading at $50.86 at the beginning of the year. Since then, GVA stock has increased by 40.4% and is now trading at $71.39.
View the best growth stocks for 2024 here
.

How were Granite Construction's earnings last quarter?

Granite Construction Incorporated (NYSE:GVA) posted its earnings results on Thursday, August, 1st. The construction company reported $1.73 earnings per share for the quarter, beating analysts' consensus estimates of $1.32 by $0.41. The company's revenue for the quarter was up 20.5% compared to the same quarter last year.

What is Kyle T. Larkin's approval rating as Granite Construction's CEO?

4 employees have rated Granite Construction Chief Executive Officer Kyle T. Larkin on Glassdoor.com. Kyle T. Larkin has an approval rating of 100% among the company's employees. This puts Kyle T. Larkin in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Who are Granite Construction's major shareholders?

Granite Construction's top institutional investors include Dimensional Fund Advisors LP (5.85%), Millennium Management LLC (5.82%), William Blair Investment Management LLC (1.58%) and Systematic Financial Management LP (1.33%). Insiders that own company stock include Kyle T Larkin, Michael G Tatusko and Bradley Jay Williams.
View institutional ownership trends
.

How do I buy shares of Granite Construction?

Shares of GVA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Granite Construction own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Granite Construction investors own include U.S. Silica (SLCA), Alibaba Group (BABA), Enterprise Products Partners (EPD), AT&T (T), Applied Materials (AMAT), JD.com (JD) and NVIDIA (NVDA).

This page (NYSE:GVA) was last updated on 9/7/2024 by MarketBeat.com Staff

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