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NYSE:GVA

Granite Construction (GVA) Stock Price, News & Analysis

$80.81
+0.48 (+0.60%)
(As of 10:21 AM ET)

About Granite Construction Stock (NYSE:GVA)

Key Stats

Today's Range
$80.06
$80.93
50-Day Range
$63.14
$80.30
52-Week Range
$33.74
$80.93
Volume
122,133 shs
Average Volume
500,482 shs
Market Capitalization
$3.57 billion
P/E Ratio
136.97
Dividend Yield
0.64%
Price Target
$62.50
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

Overall MarketRank™: 37th Percentile

Granite Construction scored higher than 37% of companies evaluated by MarketBeat, and ranked 80th out of 97 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 8.21% in the coming year, from $5.24 to $5.67 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Granite Construction is 136.10, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.27.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Granite Construction is 136.10, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 25.25.

  • Price to Book Value per Share Ratio

    Granite Construction has a P/B Ratio of 3.43. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Granite Construction's valuation and earnings.
  • Percentage of Shares Shorted

    11.58% 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 7.5.
  • Change versus previous month

    Short interest in Granite Construction has recently decreased by 14.94%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Granite Construction has a dividend yield of 0.70%, 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 88.14%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, Granite Construction will have a dividend payout ratio of 9.17% 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

    11.58% 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 7.5.
  • Change versus previous month

    Short interest in Granite Construction has recently decreased by 14.94%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Granite Construction has a news sentiment score of 0.78. 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 0.65 average news sentiment score of Construction companies.
  • News Coverage This Week

    MarketBeat has tracked 7 news articles for Granite Construction this week, compared to 4 articles on an average week.
  • Search Interest

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

    2 people have added Granite Construction to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • 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 $346,100.00 in company stock.

  • Percentage Held by Insiders

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

  • Read more about Granite Construction's insider trading history.
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GVA Stock News Headlines

The Return Trends At Granite Construction (NYSE:GVA) Look Promising
Trump Warns Gov. Can Confiscate Your Money. CBDC's give Gov. absolute
Donald Trump once again sounded the alarm against Fed-controlled digital currencies (CBDCs). If these plans are implemented, it could mean the end of America as we know it.
Granite Construction (NYSE:GVA) Reaches New 1-Year High at $75.62
Granite Gets Approx. $65 Mln Contract By Utah Department Of Transportation
Granite Construction Recent Insider Activity
See More Headlines

GVA Stock Analysis - Frequently Asked Questions

Granite Construction's stock was trading at $50.86 at the beginning of the year. Since then, GVA stock has increased by 57.9% and is now trading at $80.30.
View the best growth stocks for 2024 here
.

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

Top institutional shareholders of Granite Construction 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
.

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 U.S. Silica (SLCA), Alibaba Group (BABA), Enterprise Products Partners (EPD), AT&T (T), Applied Materials (AMAT), JD.com (JD) and NVIDIA (NVDA).

Company Calendar

Ex-Dividend for 7/15 Dividend
6/28/2024
Dividend Payable
7/15/2024
Last Earnings
8/01/2024
Today
9/20/2024
Ex-Dividend for 10/15 Dividend
9/30/2024
Dividend Payable
10/15/2024
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
-22.2%
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
$5.89 per share
Book Value
$23.38 per share

Miscellaneous

Free Float
43,793,000
Market Cap
$3.55 billion
Optionable
Optionable
Beta
1.39
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This page (NYSE:GVA) was last updated on 9/20/2024 by MarketBeat.com Staff
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