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NYSE:GVA

Granite Construction (GVA) Stock Price, News & Analysis

Granite Construction logo
$90.67 +0.67 (+0.74%)
(As of 12/20/2024 05:31 PM ET)

About Granite Construction Stock (NYSE:GVA)

Key Stats

Today's Range
$89.20
$92.52
50-Day Range
$81.34
$100.09
52-Week Range
$43.92
$105.20
Volume
2.30 million shs
Average Volume
550,017 shs
Market Capitalization
$3.96 billion
P/E Ratio
41.59
Dividend Yield
0.57%
Price Target
$67.00
Consensus Rating
Hold

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.

Granite Construction Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
19th Percentile Overall Score

GVA MarketRank™: 

Granite Construction scored higher than 19% of companies evaluated by MarketBeat, and ranked 95th out of 99 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Granite Construction has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, no hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Granite Construction has only been the subject of 1 research reports in the past 90 days.

  • Read more about Granite Construction's stock forecast and price target.
  • Earnings Growth

    Earnings for Granite Construction are expected to grow by 14.06% in the coming year, from $4.98 to $5.68 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Granite Construction is 41.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.38.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Granite Construction is 41.59, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 27.66.

  • Price to Book Value per Share Ratio

    Granite Construction has a P/B Ratio of 3.88. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    10.25% 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 6.9.
  • Change versus previous month

  • Dividend Yield

    Granite Construction has a dividend yield of 0.56%, 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 23.85%. 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 9.15% next year. This indicates that Granite Construction will be able to sustain or increase its dividend.

  • Read more about Granite Construction's dividend.
  • Percentage of Shares Shorted

    10.25% 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 6.9.
  • Change versus previous month

  • News Sentiment

    Granite Construction has a news sentiment score of 0.99. 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 0.78 average news sentiment score of Construction companies.
  • News Coverage This Week

    MarketBeat has tracked 5 news articles for Granite Construction this week, compared to 5 articles on an average week.
  • Search Interest

    3 people have searched for GVA on MarketBeat in the last 30 days.
  • MarketBeat Follows

    3 people have added Granite Construction to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.
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GVA Stock News Headlines

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GVA Stock Analysis - Frequently Asked Questions

Granite Construction's stock was trading at $50.86 on January 1st, 2024. Since then, GVA shares have increased by 78.3% and is now trading at $90.67.
View the best growth stocks for 2024 here
.

Granite Construction Incorporated (NYSE:GVA) released its quarterly earnings data on Thursday, October, 31st. The construction company reported $2.05 EPS for the quarter, missing the consensus estimate of $2.51 by $0.46. Granite Construction's revenue for the quarter was up 14.2% compared to the same quarter last year.

Granite Construction's top institutional shareholders include Wasatch Advisors LP (2.38%), Geode Capital Management LLC (2.27%), Hill City Capital LP (2.24%) and Charles Schwab Investment Management Inc. (1.57%). Insiders that own company stock include Kyle T Larkin, Michael G Tatusko and Bradley Jay Williams.
View institutional ownership trends
.

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.

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

Ex-Dividend for 10/15 Dividend
9/30/2024
Dividend Payable
10/15/2024
Last Earnings
10/31/2024
Today
12/20/2024
Ex-Dividend for 1/15 Dividend
12/31/2024
Fiscal Year End
12/31/2024
Dividend Payable
1/15/2025

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
$67.00
High Stock Price Target
$70.00
Low Stock Price Target
$64.00
Potential Upside/Downside
-26.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$43.60 million
Pretax Margin
4.04%

Debt

Sales & Book Value

Annual Sales
$3.96 billion
Cash Flow
$4.98 per share
Book Value
$23.38 per share

Miscellaneous

Free Float
43,359,000
Market Cap
$3.96 billion
Optionable
Optionable
Beta
1.41

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This page (NYSE:GVA) was last updated on 12/21/2024 by MarketBeat.com Staff
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