Granite Construction (GVA) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $77.20 to $79.89
• 50-Day Range: $70.97 to $89.62
• 52-Week Range: $52.99 to $105.20
• Volume: 449,481 shs
• Average Volume: 630,885 shs
• Market Capitalization: $3.38 billion
• P/E Ratio: 31.54
• Dividend Yield: 0.67%
• Price Target: $70.00
• Consensus Rating: Sell

Granite Construction Stock Analysis - MarketRank™

Granite Construction scored higher than 17% of companies evaluated by MarketBeat, and ranked 96th out of 100 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.5 / 5
• Analyst Rating: Sell

Consensus Rating

Granite Construction has received a consensus rating of Sell. The company's average rating score is 1.00, and is based on no buy ratings, no hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Granite Construction has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 26.96%

Earnings Growth

Earnings for Granite Construction are expected to grow by 26.96% in the coming year, from $5.49 to $6.97 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Granite Construction is 31.54, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 21.08.

Price to Earnings Ratio vs. Sector

The P/E ratio of Granite Construction is 31.54, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 15.14.

Price to Book Value per Share Ratio

Granite Construction has a P/B Ratio of 3.14. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

10.45% of the float of Granite Construction has been sold short.

Short Interest Ratio / Days to Cover

Granite Construction has a short interest ratio ("days to cover") of 6.4.

Change versus previous month

Short interest in Granite Construction has recently increased by 0.67%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Granite Construction has a dividend yield of 0.72%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Granite Construction does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Granite Construction is 21.05%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Granite Construction will have a dividend payout ratio of 7.46% next year. This indicates that Granite Construction will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

10.45% of the float of Granite Construction has been sold short.

Short Interest Ratio / Days to Cover

Granite Construction has a short interest ratio ("days to cover") of 6.4.

Change versus previous month

Short interest in Granite Construction has recently increased by 0.67%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 1.44

News Sentiment

Granite Construction has a news sentiment score of 1.44. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 1.05 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Granite Construction this week, compared to 6 articles on an average week.

Search Interest

1 people have searched for GVA on MarketBeat in the last 30 days.

MarketBeat Follows

Only 1 people have added Granite Construction to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Granite Construction insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $382,989.00 in company stock.

Percentage Held by Insiders

Only 0.81% of the stock of Granite Construction is held by insiders.

GVA Stock Analysis - Frequently Asked Questions

How have GVA shares performed this year?

Granite Construction's stock was trading at $87.71 on January 1st, 2025. Since then, GVA stock has decreased by 11.2% and is now trading at $77.91.
View the best growth stocks for 2025 here.

How were Granite Construction's earnings last quarter?

Granite Construction Incorporated (NYSE:GVA) posted its quarterly earnings data on Thursday, February, 13th. The construction company reported $1.23 earnings per share for the quarter, missing analysts' consensus estimates of $1.42 by $0.19. The construction company earned $977.30 million during the quarter. Granite Construction had a trailing twelve-month return on equity of 20.67% and a net margin of 3.15%.
Read the conference call transcript.

Who are Granite Construction's major shareholders?

Top institutional investors of Granite Construction include GAMMA Investing LLC (0.38%), Rhumbline Advisers (0.30%), Yousif Capital Management LLC (0.04%) and Harbor Capital Advisors Inc. (0.03%). Insiders that own company stock include Kyle T Larkin, James A Radich, Michael G Tatusko, Brian R Dowd 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.

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 NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), ServiceNow (NOW) and Arista Networks (ANET).

Company Calendar

• Record date for 1/15 Dividend: 12/31/2024
• Ex-Dividend for 1/15 Dividend: 12/31/2024
• Dividend Payable: 1/15/2025
• Last Earnings: 2/13/2025
• Record date for 4/15 Dividend: 3/31/2025
• Ex-Dividend for 4/15 Dividend: 3/31/2025
• Today: 4/14/2025
• Dividend Payable: 4/15/2025
• Next Earnings (Estimated): 5/01/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Construction
• Industry: Heavy construction, except building construction - contractors
• Sub-Industry: Construction & Engineering
• Current Symbol: NYSE:GVA
• CIK: 861459
• Web: www.graniteconstruction.com
• Phone: (831) 724-1011
• Fax: 831-761-7871
• Employees: 3,800
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $70.00
• High Stock Price Target: $70.00
• Low Stock Price Target: $70.00
• Potential Upside/Downside: -10.0%
• Consensus Rating: Sell
• Rating Score (0-4): 1.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.47
• Trailing P/E Ratio: 31.50
• Forward P/E Ratio: 14.17
• P/E Growth: N/A
• Net Income: $126.35 million
• Net Margins: 3.15%
• Pretax Margin: 4.90%
• Return on Equity: 20.67%
• Return on Assets: 7.36%

Debt

• Debt-to-Equity Ratio: 0.68
• Current Ratio: 1.66
• Quick Ratio: 1.56

Sales & Book Value

• Annual Sales: $4.01 billion
• Price / Sales: 0.84
• Cash Flow: $7.26 per share
• Price / Cash Flow: 10.72
• Book Value: $24.85 per share
• Price / Book: 3.13

Miscellaneous

• Outstanding Shares: 43,435,000
• Free Float: 43,083,000
• Market Cap: $3.38 billion
• Optionable: Optionable
• Beta: 1.26