Granite Construction Incorporated (GVA)

NYSE: GVA · IEX Real-Time Price · USD
64.55
-0.27 (-0.42%)
Jul 19, 2024, 4:00 PM EDT - Market closed
-0.42%
Market Cap 2.85B
Revenue (ttm) 3.62B
Net Income (ttm) 35.64M
Shares Out 44.15M
EPS (ttm) 0.61
PE Ratio 105.82
Forward PE 15.04
Dividend $0.52 (0.81%)
Ex-Dividend Date Jun 28, 2024
Volume 225,816
Open 64.90
Previous Close 64.82
Day's Range 63.95 - 65.49
52-Week Range 33.74 - 66.72
Beta 1.43
Analysts Hold
Price Target 57.00 (-11.7%)
Earnings Date Aug 1, 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]

Sector Industrials
IPO Date Apr 20, 1990
Employees 4,100
Stock Exchange NYSE
Ticker Symbol GVA
Full Company Profile

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 Statements

Analyst 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 -11.70% from the latest price.

Price Target
$57.0
(-11.70% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Granite to Enhance Safety and Efficiency on Iconic SR33 in Kern County, California

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded an approximately $27 million contract by the California Department of Transportation (Caltrans) to widen shoulders and resurfa...

3 days ago - Business Wire

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 June 30, 2024, before market opens on Thursday, August 1, 2024....

3 days ago - Business Wire

Granite's Jorge Quezada selected to Diversity MBA's list of Top 25 Outstanding Leadership and Diversity Impact Awards

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite's (NYSE:GVA) Chief Diversity Officer, Jorge Quezada, has been selected to Diversity MBA's list of Top 25 Outstanding Leadership and Diversity Impact Award...

10 days ago - Business Wire

Granite Embarks on Multimodal Pathway in the Coachella Valley

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded an approximately $20 million contract by the Coachella Valley Association of Governments (CVAG) to construct the next segment ...

10 days ago - Business Wire

Lehman-Roberts, a Granite Company, Spearheads Infrastructure Upgrade

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced Lehman-Roberts, a Granite company, has been selected as a subcontractor by Dement Construction Company, LLC on a project for the Tenn...

11 days ago - Business Wire

Granite Joint Venture to Remove and Replace Lafayette Bascule Bridge in Bay City, Michigan

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced that the GKJV-II joint venture team comprised of Granite and Kraemer North America will remove and replace the Lafayette Bascule Brid...

11 days ago - Business Wire

Granite to Improve Traffic Flow and Safety in Salinas, California

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded an approximately $16 million contract by the City of Salinas to improve traffic flow on a key thoroughfare between residential...

12 days ago - Business Wire

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...

26 days ago - Business Wire

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...

5 weeks ago - Business Wire

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...

5 weeks ago - Business Wire

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...

5 weeks ago - Business Wire

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...

6 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...

6 weeks ago - Business Wire

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...

6 weeks ago - Business Wire

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 “...

6 weeks 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...

6 weeks ago - Business Wire

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 ...

2 months ago - Business Wire

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...

2 months ago - Business Wire

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...

2 months ago - Business Wire

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...

2 months ago - Business Wire

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...

2 months ago - Business Wire

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...

2 months ago - Business Wire

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...

2 months ago - Business Wire

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...

2 months ago - Business Wire

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...

2 months ago - Business Wire