Granite Construction Incorporated (GVA)

NYSE: GVA · IEX Real-Time Price · USD
38.38
+1.91 (5.24%)
Jun 2, 2023, 4:00 PM EDT - Market closed
5.24%
Market Cap 1.74B
Revenue (ttm) 3.13B
Net Income (ttm) 73.22M
Shares Out 45.27M
EPS (ttm) 1.44
PE Ratio 26.65
Forward PE 11.31
Dividend $0.52 (1.36%)
Ex-Dividend Date Mar 30, 2023
Volume 225,127
Open 36.96
Previous Close 36.47
Day's Range 36.75 - 38.45
52-Week Range 25.35 - 44.15
Beta 1.40
Analysts Strong Sell
Price Target 36.00 (-6.2%)
Earnings Date Jul 27, 2023

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... [Read more]

Sector Industrials
IPO Date Apr 20, 1990
Employees 2,000
Stock Exchange NYSE
Ticker Symbol GVA
Full Company Profile

Financial Performance

In 2022, GVA's revenue was $3.30 billion, a decrease of -5.73% compared to the previous year's $3.50 billion. Earnings were $83.30 million, an increase of 725.10%.

Financial Statements

Analyst Forecast

According to one analyst, the rating for GVA stock is "Strong Sell" and the 12-month stock price forecast is $36.0.

Price Target
$36.0
(-6.20% downside)
Analyst Consensus: Strong Sell
Stock Forecasts

News

Granite to Widen Highway 1 in the Soquel/Capitola area of Santa Cruz County

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) was awarded an approximately $29 million contract by the California Department of Transportation (Caltrans) to widen a section of Highway 1 in ...

1 week ago - Business Wire

Parleys I-80 South Quarry Small Mine Air Permit Application Ready for Public Comment

SALT LAKE CITY--(BUSINESS WIRE)--Granite (NYSE:GVA) has received approval from the Utah Department of Air Quality (UDAQ) to begin the public comment period as part of Granite's Parleys I-80 South Quar...

2 weeks ago - Business Wire

Granite Construction Incorporated Announces Closing of $325 Million of Convertible Senior Notes due 2028 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 3.75% C...

3 weeks ago - Business Wire
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Granite Construction Awarded Preconstruction Contract for Parks Hwy MP 319-325 in Alaska

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded the preconstruction contract for Parks Highway MP 319-325, the estimated value for construction is $65 million. The project wi...

3 weeks ago - Business Wire

Pyramid Highway Project Nets Granite an Approximately $58 Million Contract

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been selected by the Nevada Department of Transportation (NDOT) to reconstruct a section of highway in Sparks, Nevada. The project, valued ...

3 weeks ago - Business Wire

Granite Awarded an Approximately $173 Million Weir Widening Contract

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded an approximately $173 million contract by the U.S. Army Corps of Engineers (USACE), Sacramento District, to construct various ...

3 weeks ago - Business Wire

Granite Publishes Annual Sustainability Report

WATSONVILLE, Calif.--(BUSINESS WIRE)--On Tuesday, May 9, Granite (NYSE:GVA) published its 2022 Sustainability Report, highlighting the company's advancement on environmental, social, and governance (E...

3 weeks ago - Business Wire

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...

3 weeks ago - Business Wire
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Granite Construction Incorporated Announces Proposed Offering of $325 Million of Convertible Senior Notes due 2028

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...

3 weeks ago - Business Wire

Granite Construction Honored as a 2023 VETS Indexes 3-Star Employer

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA), has been recognized by VETS Indexes as a 3-Star Employer in the 2023 VETS Indexes Employer Awards. The award recognizes the organization's com...

1 month ago - Business Wire

Granite's Alaska Region Recognized for Safety Performance by the Alaska Safety Advisory Council

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite's (NYSE:GVA) Alaska Region team was awarded the Governor's Safety Award of Excellence by the Alaska Safety Advisory Council for their exceptional safety p...

1 month ago - Business Wire

Granite Reports First Quarter 2023 Results

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE:GVA) today announced results for the quarter ended March 31, 2023. First Quarter 2023 Results Net loss totaled $23 million...

1 month ago - Business Wire

Granite Awarded an Approximately $99 Million Texas Road Widening Project

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded an approximately $99 million contract by the Texas Department of Transportation (TxDOT) to reconstruct a section of roadway in...

1 month ago - Business Wire
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Granite Selected for Approximately $34 Million Safety Enhancement Median Fill Project

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded an approximately $34 million contract by the California Department of Transportation (Caltrans) to rehabilitate a 25-mile sect...

1 month ago - Business Wire

Granite Purchases Quarry and Barge Loading Facility on Vancouver Island

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced today that it has completed the acquisition of Coast Mountain Resources (2020) Ltd., a construction aggregate producer based in Briti...

1 month 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 Tuesday, May 2, 2023, before the market opens. The Company will host...

1 month ago - Business Wire

Granite Awarded $126 Million Contract to Support the Relocation of United States Marines

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded an approximately $126 million contract by Naval Facilities Engineering Systems Command (NAVFAC) Pacific for the construction o...

2 months ago - Business Wire

Granite Receives Build America Awards from AGC

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been recognized with two Construction Risk Partners Build America Awards by the Associated General Contractors of America (AGC). The Build ...

2 months ago - Business Wire

Granite Construction Furthers Richardson Highway Rehabilitation Project in Alaska

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded an approximately $20 million contract by the Alaska Department of Transportation (ADOT) to rehabilitate a 10-mile section of R...

2 months ago - Business Wire

Granite Wins Third Consecutive Early Talent Award from Handshake

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been recognized, for the third consecutive year, with Handshake's Early Talent Award (ETA) in the Architecture, Real Estate, & Construction...

2 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 di...

2 months ago - Business Wire

Brunswick Canyon Facility Bolsters Granite's Home Market Strategy

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has purchased the high-quality aggregate-producing Brunswick Canyon quarry and asphalt plant in Carson City, Nevada. The acquisition supports G...

2 months ago - Business Wire

Granite Construction Awarded Contract for Ave J Interchange Improvements in Lancaster, California

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been selected by the City of Lancaster to lead an approximately $30 million contract for various improvements to the Avenue J (Ave J) Inter...

3 months ago - Business Wire

NAPA Recognizes Granite Construction with 86 Awards and Commendations

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has received 86 awards and commendations from the National Asphalt Pavement Association (NAPA), recognizing the company's plant operations, pav...

3 months ago - Business Wire

Granite Reports Fourth Quarter and Fiscal Year 2022 Results

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) today announced results for the fourth quarter and year ended December 31, 2022. Fiscal Year 2022 Results Fiscal yea...

3 months ago - Business Wire