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S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
66,000% upside on tiny biotech? (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
66,000% upside on tiny biotech? (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
66,000% upside on tiny biotech? (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
California governor rejects bill to give unemployment checks to striking workers
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
66,000% upside on tiny biotech? (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
66,000% upside on tiny biotech? (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
66,000% upside on tiny biotech? (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
California governor rejects bill to give unemployment checks to striking workers
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
66,000% upside on tiny biotech? (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
66,000% upside on tiny biotech? (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
66,000% upside on tiny biotech? (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
California governor rejects bill to give unemployment checks to striking workers
NYSE:GVA

Granite Construction (GVA) Stock Forecast, Price & News

$38.02
-0.12 (-0.31%)
(As of 09/29/2023 ET)
Compare
Today's Range
$37.77
$38.40
50-Day Range
$36.68
$43.48
52-Week Range
$25.35
$44.15
Volume
294,819 shs
Average Volume
309,463 shs
Market Capitalization
$1.67 billion
P/E Ratio
38.80
Dividend Yield
1.37%
Price Target
$45.50

Granite Construction MarketRank™ Forecast

Analyst Rating
Sell
1.00 Rating Score
Upside/​Downside
19.7% Upside
$45.50 Price Target
Short Interest
Bearish
9.52% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.27mentions of Granite Construction in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
40.49%
From $2.84 to $3.99 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.66 out of 5 stars

Construction Sector

89th out of 101 stocks

Heavy Construction, Except Building Construction - Contractors Industry

5th out of 9 stocks


GVA stock logo

About Granite Construction (NYSE:GVA) Stock

Granite Construction Incorporated operates as an infrastructure contractor and a construction materials producer in the United States. The company 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. The Materials segment is involved in the production of aggregates and asphalt for internal use, as well as for sale to third parties. It also focuses on water-related construction for municipal agencies, commercial water suppliers, industrial facilities, and energy companies; and constructs various complex projects, including infrastructure/site development, mining, public safety, tunnel, solar, and power projects. In addition, the company offers site preparation, mining, and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities; and provides construction management professional services. It serves federal agencies, state departments of transportation, local transit authorities, county and city public works departments, school districts and developers, utilities, contractors, landscapers, manufacturers of products requiring aggregate materials, retailers, homeowners, farmers, brokers, and private owners of industrial, commercial, and residential sites. The company was incorporated in 1922 and is headquartered in Watsonville, California.

GVA Price History

GVA Stock News Headlines

Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
Granite Wins Six Safety and Environmental Awards From NSSGA
Granite Construction (NYSE:GVA) Will Pay A Dividend Of $0.13
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
Granite Construction Bags $75M California Transportation Contract
Granite Reports Second Quarter 2023 Results
Granite Construction Q2 2023 Earnings Preview
See More Headlines
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GVA Company Calendar

Ex-Dividend for 7/14 Dividend
6/29/2023
Dividend Payable
7/14/2023
Last Earnings
7/27/2023
Ex-Dividend for 10/13 Dividend
9/28/2023
Today
10/01/2023
Dividend Payable
10/13/2023
Next Earnings (Estimated)
10/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Heavy construction, except building construction - contractors
Sub-Industry
Construction & Engineering
CUSIP
38732810
Employees
3,800
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$45.50
High Stock Price Forecast
$55.00
Low Stock Price Forecast
$36.00
Forecasted Upside/Downside
+19.7%
Consensus Rating
Sell
Rating Score (0-4)
1.00
Research Coverage
1 Analysts

Profitability

Net Income
$83.30 million
Pretax Margin
0.99%

Debt

Sales & Book Value

Annual Sales
$3.30 billion
Cash Flow
$4.32 per share
Book Value
$22.53 per share

Miscellaneous

Free Float
43,683,000
Market Cap
$1.67 billion
Optionable
Optionable
Beta
1.42
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Key Executives

  • Mr. Kyle T. Larkin (Age 51)
    Pres, CEO & Director
    Comp: $1.52M
  • Ms. Elizabeth Lisa Curtis (Age 56)
    Exec. VP & CFO
    Comp: $793.64k
  • Mr. James A. Radich (Age 64)
    Exec. VP & COO
    Comp: $789.81k
  • Ms. Staci M. Woolsey (Age 46)
    Chief Accounting Officer
    Comp: $863.36k
  • Mr. Michael G. Tatusko (Age 58)
    Sr. VP & Mountain Group Mang.
    Comp: $745.11k
  • Mr. Kenneth B. Olson
    Sr. VP of Corp. Fin. & Treasurer
  • Mr. M. Craig Hall
    Sr. VP, Gen. Counsel, Corp. Compliance Officer & Sec.
  • Ms. Erin Kuhlman
    Sr. VP and Chief Marketing & Communications Officer
  • Mr. Tim Gruber
    Sr. VP of HR
  • Mr. Brian A. Dowd (Age 59)
    Sr. VP & California Group Mang.













GVA Stock - Frequently Asked Questions

Should I buy or sell Granite Construction stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Granite Construction in the last twelve months. There are currently 1 sell rating for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" GVA shares.
View GVA analyst ratings
or view top-rated stocks.

What is Granite Construction's stock price forecast for 2023?

1 equities research analysts have issued 12-month price targets for Granite Construction's shares. Their GVA share price forecasts range from $36.00 to $55.00. On average, they anticipate the company's stock price to reach $45.50 in the next year. This suggests a possible upside of 19.7% from the stock's current price.
View analysts price targets for GVA
or view top-rated stocks among Wall Street analysts.

How have GVA shares performed in 2023?

Granite Construction's stock was trading at $35.07 at the beginning of the year. Since then, GVA shares have increased by 8.4% and is now trading at $38.02.
View the best growth stocks for 2023 here
.

When is Granite Construction's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our GVA earnings forecast
.

How were Granite Construction's earnings last quarter?

Granite Construction Incorporated (NYSE:GVA) posted its earnings results on Thursday, July, 27th. The construction company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.20. The construction company earned $898.55 million during the quarter. Granite Construction had a net margin of 1.70% and a trailing twelve-month return on equity of 11.88%.

How often does Granite Construction pay dividends? What is the dividend yield for Granite Construction?

Granite Construction announced a quarterly dividend on Wednesday, September 13th. Investors of record on Friday, September 29th will be given a dividend of $0.13 per share on Friday, October 13th. This represents a $0.52 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for GVA
.

What ETFs hold Granite Construction's stock?

ETFs with the largest weight of Granite Construction (NYSE:GVA) stock in their portfolio include First Trust RBA American Industrial Renaissance ETF (AIRR), Profound Medical (PRN) and Invesco S&P SmallCap Industrials ETF (PSCI).SPDR S&P 600 Small Cap ETF (SLY).

Is Granite Construction a good dividend stock?

Granite Construction (NYSE:GVA) pays an annual dividend of $0.52 per share and currently has a dividend yield of 1.37%. The dividend payout ratio is 53.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GVA will have a dividend payout ratio of 13.03% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GVA.

What guidance has Granite Construction issued on next quarter's earnings?

Granite Construction issued an update on its FY 2023 earnings guidance on Thursday, July, 27th. The company provided EPS guidance of for the period. The company issued revenue guidance of $3.35 billion-$3.45 billion, compared to the consensus revenue estimate of $3.43 billion.

What is Kyle T. Larkin's approval rating as Granite Construction's CEO?

4 employees have rated Granite Construction Chief Executive Officer Kyle T. Larkin on Glassdoor.com. Kyle T. Larkin has an approval rating of 100% among the company's employees. This puts Kyle T. Larkin in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Granite Construction own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Granite Construction investors own include U.S. Silica (SLCA), Alibaba Group (BABA), Enterprise Products Partners (EPD), AT&T (T), Applied Materials (AMAT), JD.com (JD), NVIDIA (NVDA), Ford Motor (F), The Hain Celestial Group (HAIN) and Carnival Co. & (CCL).

What is Granite Construction's stock symbol?

Granite Construction trades on the New York Stock Exchange (NYSE) under the ticker symbol "GVA."

How do I buy shares of Granite Construction?

Shares of GVA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Granite Construction's stock price today?

One share of GVA stock can currently be purchased for approximately $38.02.

How much money does Granite Construction make?

Granite Construction (NYSE:GVA) has a market capitalization of $1.67 billion and generates $3.30 billion in revenue each year. The construction company earns $83.30 million in net income (profit) each year or $0.98 on an earnings per share basis.

How many employees does Granite Construction have?

The company employs 3,800 workers across the globe.

How can I contact Granite Construction?

Granite Construction's mailing address is 585 WEST BEACH ST, WATSONVILLE CA, 95076. The official website for the company is www.graniteconstruction.com. The construction company can be reached via phone at (831) 724-1011, via email at ronald.botoff@gcinc.com, or via fax at 831-761-7871.

This page (NYSE:GVA) was last updated on 10/1/2023 by MarketBeat.com Staff

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