NYSE:GVA - Granite Construction Stock Price, Price Target & More

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$54.31 +0.08 (+0.15 %)
(As of 07/17/2018 09:48 AM ET)
Previous Close$56.02
Today's Range$54.12 - $54.31
52-Week Range$47.05 - $68.58
Volume280 shs
Average Volume330,292 shs
Market Capitalization$2.24 billion
P/E Ratio33.48
Dividend Yield0.93%
Beta1.34
Granite Construction logoGranite Construction Incorporated operates as a heavy civil contractor and a construction materials producer in the United States. The company operates through three segments: Construction, Large Project Construction, and Construction Materials. The Construction segment undertakes various civil construction projects focusing on new construction and improvement of streets, roads, highways, bridges, site work, underground, power-related facilities, water-related facilities, utilities, and other infrastructure projects. It serves customers in the public sector, including certain federal agencies, state departments of transportation, county and city public works departments, school districts and developers, utilities, and private owners of industrial, commercial, and residential sites. The Large Project Construction segment focuses on large, complex infrastructure projects, including highways, mass transit facilities, bridges, tunnels, waterway locks and dams, pipelines, canals, power-related facilities, water-related facilities, utilities, and airport infrastructure. It also undertakes primarily bid-build, design-build, and construction management/general contractor contracts, together with various contract methods relating to public-private partnerships. The Construction Materials segment mines and processes aggregates; and produces and sells construction materials, primarily asphalt, to contractors, landscapers, manufacturers of products requiring aggregate materials, retailers, homeowners, farmers, and brokers. The company also performs site preparation and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities; and provides construction management professional services. Granite Construction Incorporated was founded in 1922 and is headquartered in Watsonville, California.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Heavy construction, except building construction - contractors
Sub-IndustryConstruction & Engineering
SectorConstruction
SymbolNYSE:GVA
CUSIP38732810
Phone831-724-1011

Debt

Debt-to-Equity Ratio0.18
Current Ratio1.92
Quick Ratio1.80

Price-To-Earnings

Trailing P/E Ratio33.48
Forward P/E Ratio16.16
P/E Growth2.38

Sales & Book Value

Annual Sales$2.99 billion
Price / Sales0.73
Cash Flow$3.2041 per share
Price / Cash16.95
Book Value$24.91 per share
Price / Book2.18

Profitability

EPS (Most Recent Fiscal Year)$1.62
Net Income$69.09 million
Net Margins2.64%
Return on Equity8.82%
Return on Assets4.56%

Miscellaneous

Employees3,600
Outstanding Shares40,050,000
Market Cap$2,243.49

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Granite Construction (NYSE:GVA) Frequently Asked Questions

What is Granite Construction's stock symbol?

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

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

Granite Construction declared a quarterly dividend on Thursday, June 7th. Shareholders of record on Friday, June 29th will be given a dividend of $0.13 per share on Friday, July 13th. This represents a $0.52 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, June 28th. View Granite Construction's Dividend History.

How were Granite Construction's earnings last quarter?

Granite Construction Inc. (NYSE:GVA) posted its quarterly earnings results on Monday, April, 30th. The construction company reported ($0.13) earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.37) by $0.24. The construction company earned $563.40 million during the quarter, compared to analysts' expectations of $534.77 million. Granite Construction had a net margin of 2.64% and a return on equity of 8.82%. The company's revenue was up 20.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.60) EPS. View Granite Construction's Earnings History.

When is Granite Construction's next earnings date?

Granite Construction is scheduled to release their next quarterly earnings announcement on Monday, July, 30th 2018. View Earnings Estimates for Granite Construction.

What price target have analysts set for GVA?

7 Wall Street analysts have issued 1-year price targets for Granite Construction's stock. Their predictions range from $64.00 to $85.00. On average, they expect Granite Construction's share price to reach $72.3333 in the next twelve months. This suggests a possible upside of 33.4% from the stock's current price. View Analyst Ratings for Granite Construction.

What is the consensus analysts' recommendation for Granite Construction?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Granite Construction in the last year. There are currently 1 hold rating and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Are investors shorting Granite Construction?

Granite Construction saw a increase in short interest in June. As of June 15th, there was short interest totalling 3,914,990 shares, an increase of 80.7% from the May 31st total of 2,166,074 shares. Based on an average trading volume of 362,293 shares, the short-interest ratio is currently 10.8 days. Approximately 9.9% of the shares of the company are short sold. View Granite Construction's Current Options Chain.

Who are some of Granite Construction's key competitors?

Who are Granite Construction's key executives?

Granite Construction's management team includes the folowing people:
  • Mr. James Hildebrand Roberts, Pres, CEO & Director (Age 61)
  • Ms. Laurel J. Krzeminski, Exec. VP & CFO (Age 63)
  • Mr. James Dave Richards, Sr. VP & Northwest Group Mang. (Age 54)
  • Mr. Dale A. Swanberg, Sr. VP & Large Projects Group Mang. (Age 55)
  • Mr. Kyle T. Larkin, Sr. VP & California Group Mang. (Age 46)

Has Granite Construction been receiving favorable news coverage?

News articles about GVA stock have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Granite Construction earned a media sentiment score of 0.09 on Accern's scale. They also gave media stories about the construction company an impact score of 47.00 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near future.

Who are Granite Construction's major shareholders?

Granite Construction's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Peregrine Capital Management LLC (1.43%), Bank of Montreal Can (0.63%) and Xact Kapitalforvaltning AB (0.02%). Company insiders that own Granite Construction stock include Claes Bjork, David H Kelsey, James D Richards, James Hildebrand Roberts, Laurel J Krzeminski, Michael Francis Donnino, Patricia D Galloway and William Howard Powell. View Institutional Ownership Trends for Granite Construction.

Which institutional investors are selling Granite Construction stock?

GVA stock was sold by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC. Company insiders that have sold Granite Construction company stock in the last year include Claes Bjork, James D Richards and William Howard Powell. View Insider Buying and Selling for Granite Construction.

Which institutional investors are buying Granite Construction stock?

GVA stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can and Xact Kapitalforvaltning AB. View Insider Buying and Selling for Granite Construction.

How do I buy shares of Granite Construction?

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

What is Granite Construction's stock price today?

One share of GVA stock can currently be purchased for approximately $54.23.

How big of a company is Granite Construction?

Granite Construction has a market capitalization of $2.24 billion and generates $2.99 billion in revenue each year. The construction company earns $69.09 million in net income (profit) each year or $1.62 on an earnings per share basis. Granite Construction employs 3,600 workers across the globe.

How can I contact Granite Construction?

Granite Construction's mailing address is 585 WEST BEACH ST, WATSONVILLE CA, 95076. The construction company can be reached via phone at 831-724-1011 or via email at [email protected]


MarketBeat Community Rating for Granite Construction (NYSE GVA)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  215 (Vote Outperform)
Underperform Votes:  234 (Vote Underperform)
Total Votes:  449
MarketBeat's community ratings are surveys of what our community members think about Granite Construction and other stocks. Vote "Outperform" if you believe GVA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GVA will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 7/17/2018 by MarketBeat.com Staff

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