Granite Construction Incorporated (GVA)
| Market Cap | 3.45B |
| Revenue (ttm) | 4.01B |
| Net Income (ttm) | 126.35M |
| Shares Out | 43.43M |
| EPS (ttm) | 2.62 |
| PE Ratio | 30.23 |
| Forward PE | 14.98 |
| Dividend | $0.52 (0.66%) |
| Ex-Dividend Date | Mar 31, 2025 |
| Volume | 734,232 |
| Open | 77.77 |
| Previous Close | 77.71 |
| Day's Range | 77.28 - 79.65 |
| 52-Week Range | 52.99 - 105.20 |
| Beta | 1.36 |
| Analysts | Strong Sell |
| Price Target | 70.00 (-11.77%) |
| Earnings Date | May 1, 2025 |
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 2024, Granite Construction's revenue was $4.01 billion, an increase of 14.20% compared to the previous year's $3.51 billion. Earnings were $126.35 million, an increase of 189.79%.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for GVA stock is "Strong Sell" and the 12-month stock price forecast is $70.0.
News
Granite Declares Quarterly Dividend
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable on April ...
Granite Earns its Fifth Consecutive Early Talent Award from Handshake
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has secured Handshake's Early Talent Award (ETA) for the fifth consecutive year. This annual award celebrates the best employers for individual...
Granite Joint Venture Team Awarded $97 Million Military Infrastructure Project in Guam
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced today that the joint venture team comprised of Granite and Obayashi Corporation has been awarded an approximately $97 million contrac...
Granite Announces Caldwell Avenue Interchange Reconstruction Project on SR99 in Visalia, California
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded an approximately $66 million contract by the California Department of Transportation (Caltrans) for an infrastructure project ...
Granite Construction Incorporated (GVA) Q4 2024 Earnings Call Transcript
Granite Construction Incorporated (NYSE:GVA) Q4 2024 Earnings Conference Call February 13, 2025 11:00 AM ET Company Participants Mike Barker – Vice President of Investor Relations Kyle Larkin – Presi...
Granite Reports Fourth Quarter and Fiscal Year 2024 Results
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) today announced results for the quarter and year ended December 31, 2024. Fourth Quarter 2024 Results Net income tot...
Granite's $78 Million Road Congestion Relief Project in Anaheim, California
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded a $78 million infrastructure project by the California Department of Transportation (Caltrans) in Orange County, California. P...
Granite/Lehman-Roberts Leader Pat Nelson Elected 2025 NAPA Chairman
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) Regional Vice President and President of Lehman-Roberts Company, Pat Nelson, has been elected National Asphalt Pavement Association's (NAPA) 20...
Granite Construction: Still Attractive On Growth And Margin Expansion
Granite Construction has shown strong financial performance, with significant revenue and profit growth, driven by favorable conditions and acquisitions. Despite impressive gains, the stock is nearing...
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 December 31, 2024, before market opens on Thursday, February 13...
Granite Announces $88 Million Highway Safety Enhancement Project Near Lake Elsinore, California
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded an approximately $88 million contract by the California Department of Transportation (Caltrans) to improve a section of Ortega...
Granite Announces $71 Million Rail Yard Expansion Project at Fort Bliss, Texas
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded an approximately $71 million contract by the United States Army Corps of Engineers to expand and update the rail yard at Fort ...
Granite's Pat Kelly Elected President of AGC of California for 2025
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) Vice President of Operational Excellence, Pat Kelly, has been elected president of the Associated General Contractors (AGC) of California for t...
Granite Named One of Newsweek's America's Most Responsible Companies for the Third Consecutive Year
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been listed by Newsweek as one of America's Most Responsible Companies in 2025. Newsweek and Statista Inc., the world-leading statistics po...
Granite Construction: Infrastructure Spending And An Upgraded Business Model
I'm into infrastructure, and not just data centers for AI. Our road and transportation systems remain awful, and I want to invest in companies that get paid to fix it. Granite Construction is close to...
Granite Announces Phase 1 of the $425 Million Mosaic Quarter Development in Tucson, Arizona
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced that it has been awarded the civil scope of work for Phase 1 of the Mosaic Quarter project, an approximately $27 million subcontract ...
Granite Construction Incorporated (GVA) Q3 2024 Earnings Call Transcript
Granite Construction Incorporated (NYSE:GVA) Q3 2024 Earnings Conference Call October 31, 2024 11:00 AM ET Company Participants Mike Barker - Vice President-Investor Relations Kyle Larkin - President...
Granite Reports Third Quarter 2024 Results
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) today announced results for the quarter ended September 30, 2024. Third Quarter 2024 Results Net income attributable...
Granite Announces $42 Million P-928 Relay Ground Station Project in Guam
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced an approximately $42 million design-build contract by Naval Facilities Engineering Systems Command (NAVFAC) for a sitework and infras...
Granite's Southeast Home Market Expansion
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) continues to expand its home market strategy in the Southeast through various projects, leveraging its recent acquisitions of Lehman-Roberts, M...
Granite Construction: Still Cruising Higher
Granite Construction has seen impressive stock growth, up 104.7% since my 'buy' recommendation in March 2023, outperforming the broader market significantly. Despite the massive rise, I maintain a sof...
Granite Announces Pavement Rehabilitation Project on SR 99 in Tulare, California
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded an approximately $21 million contract by the California Department of Transportation (Caltrans) to rehabilitate three miles of...
Granite Launches Major Infrastructure Project to Enhance SR 58/SR 99 Interchange in Bakersfield
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded an approximately $27 million contract by the City of Bakersfield to enhance the connectivity and efficiency of the State Route...
Granite and King County Metro Announce Atlantic Base Refurbishment Project
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE: GVA) announced the commencement of the approximately $45 million Atlantic Base Refurbishment (ABR) project in Seattle, Washington. This comprehensi...
Granite Announces $34 Million Seismic Improvement Project at Oakland International Airport
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE: GVA) has announced the signing of a $34 million contract to implement seismic improvements to the Oakland International Airport (OAK) Perimeter Dik...