Granite Construction Incorporated (GVA)
Market Cap | 2.76B |
Revenue (ttm) | 3.62B |
Net Income (ttm) | 35.64M |
Shares Out | 44.15M |
EPS (ttm) | 0.61 |
PE Ratio | 101.30 |
Forward PE | 11.85 |
Dividend | $0.52 (0.83%) |
Ex-Dividend Date | Mar 27, 2024 |
Volume | 620,493 |
Open | 63.73 |
Previous Close | 64.02 |
Day's Range | 61.20 - 63.73 |
52-Week Range | 33.74 - 64.33 |
Beta | 1.46 |
Analysts | Hold |
Price Target | 57.00 (-8.79%) |
Earnings Date | May 2, 2024 |
About 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... [Read more]
Financial Performance
In 2023, GVA's revenue was $3.51 billion, an increase of 6.30% compared to the previous year's $3.30 billion. Earnings were $43.60 million, a decrease of -47.66%.
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for GVA stock is "Hold." The 12-month stock price forecast is $57.0, which is a decrease of -8.79% from the latest price.
News
Granite CFO Announces Planned Retirement Date, Successor CFO Named
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) Chief Financial Officer (CFO) Lisa Curtis announced that she will retire on September 16, 2024, and Granite has named Staci Woolsey, current Gr...
Granite Secures Contract for Infrastructure Project Near Ontario International Airport
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded a $25 million contract by McDonald Property Group to retrofit offsite infrastructure at the east end of the runway of the Onta...
Granite Expands Presence in Inland Empire, California
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced the opening of its new office in Ontario, California. This strategic move marks Granite's commitment to serving the Inland Empire and...
Granite Reports First Quarter 2024 Results
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) today announced results for the quarter ended March 31, 2024. First Quarter 2024 Results Net loss attributable to Gr...
Granite Publishes Annual Sustainability Report
WATSONVILLE, Calif.--(BUSINESS WIRE)--On May 1, 2024 Granite (NYSE:GVA) published its 2023 Sustainability Report, highlighting the company's efforts to create enduring value through social responsibil...
Granite to Help Construct Major Enhancements to I-405/Brickyard to SR 527 Corridor Project in Bothell, WA
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded a subcontract worth approximately $31 million by prime contractor Skanska USA, to work on Washington State Department of Trans...
Granite VP Joins NAPA Advisory Council
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced today that District Vice President Ian Firth has been appointed to the National Asphalt Pavement Association's (NAPA) Advisory Counci...
Granite Announces Timing of Earnings Release and Investor Conference Call
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) will release financial results for the quarter ended March 31, 2024, before market opens on Thursday, May 2, 2024. T...
Granite Construction Honored as a 2024 VETS Indexes 4-Star Employer
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA), has been recognized as a 4-Star Employer in the 2024 VETS Indexes Employer Awards in just its second year as a participant. This award acknowl...
Granite Earns its Fourth Consecutive Early Talent Award from Handshake
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) continues to shine in talent engagement. For the fourth consecutive year, the company has secured Handshake's Early Talent Award (ETA). This an...
Granite Declares Quarterly Dividend
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The di...
NAPA Recognizes Granite Construction With 97 Awards and Commendations
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has received a total of 97 awards and commendations from the National Asphalt Pavement Association (NAPA), recognizing the company's plant oper...
Granite Reports Fourth Quarter and FY 2023 Results
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) today announced results for the quarter and year ended December 31, 2023. Fourth Quarter 2023 Results Net income tot...
Granite Awarded Final Construction Option in Denali National Park
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) successfully finished preconstruction services and, on February 1, 2024, was awarded the final $112 million construction option for the Polychr...
Granite's Grant Road Widening Project Aims to Improve Traffic Flow and Safety in Tucson
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded a contract worth approximately $55 million by the City of Tucson to widen Grant Road from Palo Verde to Venice. Project fundin...
Granite Unveils State-of-the-Art Aggregate Plant
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced the successful completion of its first fully automated aggregate plant in Tucson, Arizona, marking a milestone in the company's commi...
Granite Recognized as One of Newsweek's America's Most Responsible Companies
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been listed by Newsweek as one of America's Most Responsible Companies in 2024. This recognition is presented by Newsweek and Statista Inc....
Granite and Veracio Aim to Revolutionize Mining Industry
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced today that its wholly-owned subsidiary International Directional Services (IDS) and Veracio, a mining technology company, have entere...
Granite Announces Acquisition of Lehman-Roberts Company and Memphis Stone & Gravel Company
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) today announced the acquisition of Lehman-Roberts Company (“LRC”) and Memphis Stone & Gravel Company (“MSG”), longst...
Granite's Alaska Region Wins 2023 ConocoPhillips Excellence in Safety Award through the AGC of Alaska
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announces its achievement as the recipient of the ConocoPhillips Excellence in Safety Award by the Associated General Contractors (AGC) of Alas...
Granite's Handley Ranch Quarry Recognized for Excellence in Safety with 2023 CalCIMA Award
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) is proud to announce that its Handley Ranch Quarry has been selected as the recipient of the prestigious 2023 CalCIMA Excellence in Safety awar...
Granite Joint Venture Continues to Win Contracts for Major Bridge Rehabilitation Project in Sacramento
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced that the American River Constructors (ARC) joint venture team comprised of Granite and California Engineering Contractors has been aw...
Granite Continues Airfield Safety Enhancement Program at Tucson International Airport
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced today that it has been awarded an approximately $12 million dollar contract by the Tucson Airport Authority (TAA) as part of the TAA'...
Granite Reports Third Quarter 2023 Results
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) today announced results for the quarter ended September 30, 2023. Third Quarter 2023 Results Net income totaled $58 ...
Granite Construction to Participate in Investor Conferences
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE: GVA) is pleased to announce its participation in a series of upcoming investor events where senior management will meet with investors. Management ...