Granite Construction Incorporated (GVA)
| Market Cap | 3.96B |
| Revenue (ttm) | 3.96B |
| Net Income (ttm) | 110.86M |
| Shares Out | 43.71M |
| EPS (ttm) | 2.18 |
| PE Ratio | 41.66 |
| Forward PE | 17.16 |
| Dividend | $0.52 (0.57%) |
| Ex-Dividend Date | Sep 30, 2024 |
| Volume | 776,028 |
| Open | 89.20 |
| Previous Close | 90.00 |
| Day's Range | 89.20 - 92.47 |
| 52-Week Range | 43.92 - 105.20 |
| Beta | 1.42 |
| Analysts | Hold |
| Price Target | 67.00 (-26.11%) |
| Earnings Date | Feb 20, 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 2023, Granite Construction'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 $67.0, which is a decrease of -26.11% from the latest price.
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 Januar...
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 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 September 30, 2024, before market opens on Thursday, October 31...
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...
Granite Announces Six Safety and Environmental Awards From NSSGA
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE: GVA) announced today that it has received six awards, including the Bronze Louis Griesemer Sterling Safety Award for large companies, from the Nati...
In Honor of Dr. Patricia Galloway: A Legacy of Leadership and Dedication
WATSONVILLE, Calif.--(BUSINESS WIRE)--Dr. Patricia D. Galloway, a member of Granite's (NYSE:GVA) Board of Directors died on September 26, 2024. A valued and respected director since June 2017, Dr. Gal...
ENR Ranks Granite Number One in Highways for the Fourth Consecutive Year
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE: GVA) has been recognized as the top company in the Highways market and the second in the Mining market in the 2024 Top Contractors Sourcebook by En...
Granite Awarded $113 Million Contract to Further Support U.S. Marines Relocation
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE: GVA), in partnership with Obayashi Corporation under the Granite-Obayashi 2 Joint Venture, announced the award of an estimated $113 million contrac...
Granite Announces $65 Million Phase 2 of SR-30 Improvement Project in Logan, Utah
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded an approximately $65 million contract by the Utah Department of Transportation (UDOT) to commence Phase 2 of the SR-30 Improve...
Granite Announces Arlington Avenue Bridges Replacement Project in Reno, NV; Groundbreaking Included U.S. Secretary of Transportation Pete Buttigieg
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) is proud to announce its role as Construction Manager at Risk (CMAR) of the Arlington Avenue Bridges Replacement Project, a transformative init...
Granite Continues Commitment to Highway Safety with $45 Million Project on I-40
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded an approximately $45 million contract to reconstruct and modernize the John Wilkie Safety Roadside Rest Area along the Interst...
Granite Awarded Sixth Highway 101 Mainline Segment to Alleviate Traffic Congestion in Santa Barbara, California
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded an approximately $38 million contract (Segment 4E South) by the California Department of Transportation (Caltrans) to add peak...
Granite Completes Acquisition of Dickerson & Bowen, Inc.
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) today announced it has completed the acquisition of Dickerson & Bowen, Inc. (“D&B”), a leading regional aggregates, ...
Granite Construction Incorporated (GVA) Q2 2024 Earnings Call Transcript
Granite Construction Incorporated (NYSE:GVA) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET Company Participants Mike Barker - Vice President-Investor Relations Kyle Larkin - President a...
Granite Reports Second Quarter 2024 Results and Announces Agreement to Acquire Dickerson & Bowen, Inc.
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) today announced results for the quarter ended June 30, 2024 and the agreement to acquire Dickerson & Bowen, Inc., su...