Granite Construction Incorporated (GVA)
| 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]
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 StatementsAnalyst Forecast
According to one analyst, the rating for GVA stock is "Strong Sell" and the 12-month stock price forecast is $36.0.
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 ...
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...
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...
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...
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 ...
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 ...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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 ...
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...
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...
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...
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...
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...
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...
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...