Granite Construction Incorporated (GVA)
Market Cap | 2.35B |
Revenue (ttm) | 3.51B |
Net Income (ttm) | 43.60M |
Shares Out | 43.97M |
EPS (ttm) | 0.97 |
PE Ratio | 55.12 |
Forward PE | 12.25 |
Dividend | $0.52 (0.97%) |
Ex-Dividend Date | Mar 27, 2024 |
Volume | 195,975 |
Open | 53.60 |
Previous Close | 53.68 |
Day's Range | 52.99 - 54.26 |
52-Week Range | 33.74 - 57.93 |
Beta | 1.47 |
Analysts | Hold |
Price Target | 57.00 (+6.66%) |
Earnings Date | May 2, 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 an increase of 6.66% from the latest price.
News
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...
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...
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...
Granite Awarded Final Construction Option in Denali National Park
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) successfully finished preconstruction services and, on February 1, 2024, was awarded the final $112 million construction option for the Polychr...
Granite's Grant Road Widening Project Aims to Improve Traffic Flow and Safety in Tucson
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded a contract worth approximately $55 million by the City of Tucson to widen Grant Road from Palo Verde to Venice. Project fundin...
Granite Unveils State-of-the-Art Aggregate Plant
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced the successful completion of its first fully automated aggregate plant in Tucson, Arizona, marking a milestone in the company's commi...
Granite Recognized as One of Newsweek's America's Most Responsible Companies
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been listed by Newsweek as one of America's Most Responsible Companies in 2024. This recognition is presented by Newsweek and Statista Inc....
Granite and Veracio Aim to Revolutionize Mining Industry
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced today that its wholly-owned subsidiary International Directional Services (IDS) and Veracio, a mining technology company, have entere...
Granite Announces Acquisition of Lehman-Roberts Company and Memphis Stone & Gravel Company
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) today announced the acquisition of Lehman-Roberts Company (“LRC”) and Memphis Stone & Gravel Company (“MSG”), longst...
Granite's Alaska Region Wins 2023 ConocoPhillips Excellence in Safety Award through the AGC of Alaska
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announces its achievement as the recipient of the ConocoPhillips Excellence in Safety Award by the Associated General Contractors (AGC) of Alas...
Granite's Handley Ranch Quarry Recognized for Excellence in Safety with 2023 CalCIMA Award
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) is proud to announce that its Handley Ranch Quarry has been selected as the recipient of the prestigious 2023 CalCIMA Excellence in Safety awar...
Granite Joint Venture Continues to Win Contracts for Major Bridge Rehabilitation Project in Sacramento
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced that the American River Constructors (ARC) joint venture team comprised of Granite and California Engineering Contractors has been aw...
Granite Continues Airfield Safety Enhancement Program at Tucson International Airport
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced today that it has been awarded an approximately $12 million dollar contract by the Tucson Airport Authority (TAA) as part of the TAA'...
Granite Reports Third Quarter 2023 Results
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) today announced results for the quarter ended September 30, 2023. Third Quarter 2023 Results Net income totaled $58 ...
Granite Construction to Participate in Investor Conferences
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE: GVA) is pleased to announce its participation in a series of upcoming investor events where senior management will meet with investors. Management ...
UDOT Selects Granite for SR-108 Widening and Improvements
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded an approximately $45 million contract by the Utah Department of Transportation (UDOT) to widen and improve State Route 108 (SR...
Granite's CM/GC Work Continues in Denali National Park
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded Options W.3A, W.3B and W.4 for the Polychrome Area Improvements Construction Manager/General Contractor (CM/GC) project by the...
ENR Ranks Granite Number One in Highways for the Third Consecutive Year
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) is ranked number one in the Highways market and number three in the Mining market in the 2023 Top Contractors Sourcebook by Engineering News-Re...
Granite Wins Six Safety and Environmental Awards From NSSGA
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) is proud to announce that it has been honored with six awards including the prestigious Louis Griesemer Sterling Safety large company award by ...
Caltrans Awards Granite Sequoia National Forest Storm Damage Repair Project
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded a time and materials contract by the California Department of Transportation (Caltrans). Granite will clear and repair multipl...
Granite Takes Home Gold and Silver at the 2023 MerComm ARC Awards
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) is pleased to announce it has won two ARC Awards in 2023. Granite's 2022 Sustainability Report won Gold, and its 2022 Annual Report won Silver,...