Granite Construction Incorporated (GVA)
| Market Cap | 2.67B |
| Revenue (ttm) | 3.62B |
| Net Income (ttm) | 35.64M |
| Shares Out | 44.15M |
| EPS (ttm) | 0.61 |
| PE Ratio | 99.30 |
| Forward PE | 14.11 |
| Dividend | $0.52 (0.86%) |
| Ex-Dividend Date | Jun 28, 2024 |
| Volume | 409,118 |
| Open | 60.42 |
| Previous Close | 60.24 |
| Day's Range | 59.97 - 61.10 |
| 52-Week Range | 33.74 - 65.08 |
| Beta | 1.47 |
| Analysts | Hold |
| Price Target | 57.00 (-5.89%) |
| Earnings Date | Jul 25, 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 -5.89% from the latest price.
News
Granite Announces Bridge Replacement Project in Everett, Washington
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded an approximately $25 million contract by the City of Everett to remove and replace the Edgewater Creek Bridge. The project wil...
Granite Embarks on Rehabilitation Project Near Stratford, California
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded an approximately $15 million contract by the California Department of Transportation (Caltrans) to rehabilitate pavement along...
Granite and Port of Woodland Sign Historic Long-Term Lease Agreement for Construction Materials Facility
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has executed a long-term lease with the Port of Woodland for a new construction materials facility. The facility will be on a 25-acre site next...
Granite Construction Incorporated Announces Closing of $325 Million of Convertible Senior Notes due 2030 and Full Exercise of Initial Purchasers' Option to Purchase Additional $48.75 Million of the Convertible Senior Notes
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) (“Granite”) today announced that it has closed its offering of $373.75 million aggregate principal amount of 3.25% C...
Carlos Hernandez Joins Granite's Board of Directors
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite's (NYSE:GVA) board of directors has appointed Carlos M. Hernandez as a director of the company, effective June 5, 2024. Mr. Hernandez brings decades of in...
Granite Construction Incorporated Prices $325 Million Convertible Senior Notes Offering
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) (“Granite”) today announced the pricing of its previously announced offering of $325 million aggregate principal amo...
Granite Construction Incorporated Announces Proposed Offering of $325 Million of Convertible Senior Notes Due 2030
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) (“Granite”) today announced that it intends to offer, subject to market and other conditions, $325 million in aggreg...
Granite Construction Incorporated Announces Redemption of Outstanding 2.75% Convertible Senior Notes due 2024
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) (“Granite”) today announced that it has called all of its outstanding 2.75% convertible senior notes due 2024 (the “...
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...
Secret Creek Fish Passage Project Nets Granite $48 Million Contract in Snohomish County, Washington
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) is pleased to announce that it has been awarded a $48 million contract by the Washington State Department of Transportation (WSDOT) to replace ...
Granite's Newest Home Market, Lehman-Roberts and the Mid-South
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) expanded its home market strategy into the Memphis Metropolitan and Northern Mississippi area by acquiring Lehman-Roberts Company and Memphis S...
Granite Awarded $89M Subcontract for United Airlines Terminal B Airside Transformation Program
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) is pleased to announce that it has been awarded an $89 million subcontract by United Airlines and Manhattan Construction as part of the overall...
Granite Partners with Caltrans District 1 to Rehabilitate Stretch of Highway 162
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded an approximately $36 million contract by the California Department of Transportation (Caltrans) to rehabilitate pavement along...
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...
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...