Granite Construction Incorporated (GVA)

NYSE: GVA · IEX Real-Time Price · USD
33.09
0.54 (1.66%)
May 27, 2022 4:00 PM EDT - Market closed
Market Cap1.50B
Revenue (ttm)2.89B
Net Income (ttm)63.35M
Shares Out45.36M
EPS (ttm)1.38
PE Ratio24.01
Forward PE17.92
Dividend$0.52 (1.57%)
Ex-Dividend DateMar 30, 2022
Volume186,109
Open32.70
Previous Close32.55
Day's Range32.70 - 33.36
52-Week Range27.84 - 44.31
Beta1.41
AnalystsBuy
Price Target45.08 (+36.2%)
Earnings DateApr 28, 2022

About GVA

Granite Construction Incorporated operates as an infrastructure contractor and a construction materials producer 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. It also focuses on water-related construction for municipal agencies, commercial water suppliers, industr...

IndustryConstruction & Engineering
IPO DateApr 20, 1990
CEOJames Roberts
Employees1,900
Stock ExchangeNYSE
Ticker SymbolGVA
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for GVA stock is "Buy." The 12-month stock price forecast is 45.08, which is an increase of 36.23% from the latest price.

Price Target
$45.08
(36.23% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Granite Wins Third Segment of I-40 Median Fill Project

WATSONVILLE, Calif.--(BUSINESS WIRE)-- #100YearsOfGranite--Granite (NYSE:GVA) announced today that it has secured the contract for Segment Five of the I-40 Median Fill PM 100-125 in San Bernardino Count...

1 week ago - Business Wire

Granite Construction (GVA) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

Granite Construction (GVA) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement am...

2 weeks ago - Zacks Investment Research

Granite Publishes Annual Sustainability Report Reflecting on 100-Year History

WATSONVILLE, Calif.--(BUSINESS WIRE)--On Friday, May 6, Granite (NYSE:GVA) published its 2021 Sustainability Report, highlighting the company's advancement on environmental, social, and governance (ESG)...

2 weeks ago - Business Wire

Granite Wins More Work in Guam with $36 Million Navy Contract

WATSONVILLE, Calif.--(BUSINESS WIRE)-- #BuildingBetterTogether--Granite (NYSE:GVA) announced today that it has been awarded the approximately $36 million Navy-Commercial Tie-In Hardening (P661) project ...

3 weeks ago - Business Wire

Granite Announces $50 Million Accelerated Share Repurchase Program

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) today announced that it has entered into an agreement to repurchase $50 million of its common stock in an accelerated ...

3 weeks ago - Business Wire

Granite Reports First Quarter 2022 Results

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) today announced results for the quarter ended March 31, 2022. First Quarter 2022 Results Net loss from continuing oper...

4 weeks ago - Business Wire

Granite Announces Timing of Earnings Release and Investor Conference Call

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) will release first quarter financial results on Thursday, April 28, 2022, before the market opens. The Company will ho...

1 month ago - Business Wire

CORRECTING and REPLACING GARCO Testing Laboratory Joins California Green Business Network

WATSONVILLE, Calif.--(BUSINESS WIRE)--Second paragraph, first sentence of release should read: GARCO Testing Laboratories offers material design and quality testing services. (instead of GARCO Testing L...

1 month ago - Business Wire

GARCO Testing Laboratory Joins California Green Business Network

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced today that GARCO's San Jose Testing Laboratory recently joined the California Green Business Network. The testing facility functions as...

1 month ago - Business Wire

Granite's Derby Dam Fish Screen Wins More Recognition

WATSONVILLE, Calif.--(BUSINESS WIRE)---- $GVA #BuildBetterTogether--Granite's (NYSE:GVA) construction of the Derby Dam Fish Screen near McCarran, Nevada continues to win accolades with the recent award ...

1 month ago - Business Wire

Granite Secures $20 Million Road Improvement Contract in Chandler, Arizona

WATSONVILLE, Calif.--(BUSINESS WIRE)---- $GVA #BuildBetterTogether--Granite (NYSE:GVA) announced today it has been awarded a major road improvement project by the City of Chandler, Arizona. The approxim...

1 month ago - Business Wire

Granite Secures $75 Million Roadway Project in Las Vegas

WATSONVILLE, Calif.--(BUSINESS WIRE)---- $GVA #BuildBetterTogether--Granite (NYSE:GVA) announced today that it has been awarded the approximately $75 million contract for the I-515 and Charleston Boulev...

2 months ago - Business Wire

Granite Announces Completion of the Inliner Sale

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) today announced the close of the sale of its trenchless and pipe rehabilitation services business (“Inliner”) to Inlan...

2 months ago - Business Wire

Granite Bridge Replacement Project Wins Award from the Associated General Contractors of California

WATSONVILLE, Calif.--(BUSINESS WIRE)---- $GVA #BuildBetterTogether--On Friday, March 11th, Granite (NYSE:GVA) received an AGC of California Constructor Award. The Constructor Awards program “recognizes ...

2 months ago - Business Wire

Granite Secures $22 Million Metrolink Station Expansion Project

WATSONVILLE, Calif.--(BUSINESS WIRE)---- $GVA #BuildBetterTogether--Granite (NYSE:GVA) announced today the approval and award of the approximately $22 million contract for the Moreno Valley/March Field ...

2 months ago - Business Wire

Granite Awarded $32 Million Highway Realignment in California

WATSONVILLE, Calif.--(BUSINESS WIRE)---- $GVA #BuildBetterTogether--Granite (NYSE:GVA) has been selected for the State Route 20 Omega Curve Realignment project in Nevada County, California. The project ...

2 months ago - Business Wire

Granite Removes Large Boulder Blocking Popular Route to Lake Tahoe

WATSONVILLE, Calif.--(BUSINESS WIRE)---- $GVA #BuildBetterTogether--Granite's (NYSE:GVA) Nevada Region responded to a roadway emergency on US Highway 50 near Echo Summit where a gigantic boulder slid, b...

2 months ago - Business Wire

Granite Reports Fourth Quarter and Fiscal Year 2021 Results

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE:GVA) today announced results for the fourth quarter and year ended December 31, 2021. Fiscal Year 2021 Results Fiscal year 2...

3 months ago - Business Wire

Granite Secures $23.8 Million Award for North Texas Watershed Upgrades

WATSONVILLE, Calif.--(BUSINESS WIRE)---- $GVA #BuildBetterTogether--Granite (NYSE:GVA) announced the award of three contracts totaling approximately $23.8 million by Ellis-Prairie Soil and Water Conserv...

3 months ago - Business Wire

Granite to Operate Anderson Rock Quarry at DTG Sustainability Park

WATSONVILLE, Calif.--(BUSINESS WIRE)---- $GVA #BuildBetterTogether--Granite (NYSE:GVA) and DTG Recycle today announced the execution of an agreement for Granite to operate the Anderson Rock Quarry at th...

3 months ago - Business Wire

Granite's Salinas Asphalt Facility Latest to be Certified Green Business

WATSONVILLE, Calif.--(BUSINESS WIRE)---- $GVA #BuildBetterTogether--Granite (NYSE:GVA) is proud to announce that the Salinas Asphalt Facility has been certified as a Green Business by Monterey County an...

3 months ago - Business Wire

Granite Receives NAPA Recognition – 72 Awards and Commendations

WATSONVILLE, Calif.--(BUSINESS WIRE)---- $GVA #BuildBetterTogether--Granite (NYSE:GVA) has received 72 awards and commendations from the National Asphalt Pavement Association (NAPA), recognizing the com...

3 months ago - Business Wire

Granite's Alaska Region Receives Major Safety Award

WATSONVILLE, Calif.--(BUSINESS WIRE)---- $GVA #BuildBetterTogether--Granite (NYSE:GVA) announced that its Alaska Region received the Associated General Contractors of Alaska's 2021 ConocoPhillips Excell...

3 months ago - Business Wire

Granite Joint Venture Secures $155 Million Progressive Design Build Project in Utah

WATSONVILLE, Calif.--(BUSINESS WIRE)---- $GVA #BuildBetterTogether--Granite (NYSE:GVA) announced today that Sand Ridge Constructors, a joint venture of Granite and W.W. Clyde & Co., has been awarded the...

3 months ago - Business Wire

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 divi...

3 months ago - Business Wire