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Granite Construction Stock Price, News & Analysis (NYSE:GVA)

$47.04
-0.40 (-0.84%)
(As of 12/5/2023 ET)
Compare
Today's Range
$46.43
$47.61
50-Day Range
$33.97
$47.45
52-Week Range
$33.74
$47.61
Volume
297,549 shs
Average Volume
364,689 shs
Market Capitalization
$2.07 billion
P/E Ratio
70.21
Dividend Yield
1.11%
Price Target
$45.50

Granite Construction MarketRank™ Stock Analysis

Analyst Rating
Sell
1.00 Rating Score
Upside/​Downside
3.3% Downside
$45.50 Price Target
Short Interest
Bearish
10.51% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.19mentions of Granite Construction in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
34.62%
From $3.12 to $4.20 Per Share

Overall MarketRank

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

1.35 out of 5 stars

Construction Sector

79th out of 81 stocks

Heavy Construction, Except Building Construction - Contractors Industry

6th out of 6 stocks


GVA stock logo

About Granite Construction Stock (NYSE:GVA)

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 Stock Price History

GVA Stock News Headlines

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Q3 2023 Granite Construction Inc Earnings Call
Why Granite Construction Stock Is Soaring Higher Today
What Wall Street expects from Granite Construction's earnings
Granite Reports Third Quarter 2023 Results
Developer Granite Properties names a new CEO
See More Headlines
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Company Calendar

Ex-Dividend for 10/13 Dividend
9/28/2023
Dividend Payable
10/13/2023
Last Earnings
10/31/2023
Today
12/05/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/15/2024

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 Target
$45.50
High Stock Price Target
$55.00
Low Stock Price Target
$36.00
Potential Upside/Downside
-3.1%
Consensus Rating
Sell
Rating Score (0-4)
1.00
Research Coverage
1 Analysts

Profitability

Net Income
$83.30 million
Pretax Margin
1.63%

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
$2.06 billion
Optionable
Optionable
Beta
1.45
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Key Executives

  • Mr. Kyle T. Larkin (Age 51)
    President, CEO & Director
    Comp: $1.52M
  • Ms. Elizabeth Lisa Curtis (Age 56)
    Executive VP & CFO
    Comp: $793.64k
  • Mr. James A. Radich (Age 64)
    Executive VP & COO
    Comp: $789.81k
  • Ms. Staci M. Woolsey (Age 46)
    Chief Accounting Officer
    Comp: $863.36k
  • Mr. Michael G. Tatusko (Age 58)
    Senior VP & Mountain Group Manager
    Comp: $745.11k
  • Mr. M. Craig Hall
    Senior VP, General Counsel, Corporate Compliance Officer & Secretary
  • Ms. Erin Kuhlman
    Senior VP and Chief Marketing & Communications Officer
  • Mr. Tim Gruber
    Senior Vice President of Human Resources
  • Mr. Brian A. Dowd (Age 59)
    Senior VP & California Group Manager
    Comp: $587.66k
  • Mr. Dave Hulverson
    Senior Vice President of Safety, Health, Environment & Quality














GVA Stock Analysis - Frequently Asked Questions

Should I buy or sell Granite Construction stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Granite Construction in the last year. There are currently 1 sell rating for the stock. The consensus among Wall Street 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 target for 2024?

1 equities research analysts have issued 1 year price objectives for Granite Construction's shares. Their GVA share price targets range from $36.00 to $55.00. On average, they predict the company's share price to reach $45.50 in the next twelve months. This suggests that the stock has a possible downside of 3.3%.
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 2023. Since then, GVA stock has increased by 34.1% and is now trading at $47.04.
View the best growth stocks for 2023 here
.

Are investors shorting Granite Construction?

Granite Construction saw a increase in short interest in November. As of November 15th, there was short interest totaling 4,570,000 shares, an increase of 13.1% from the October 31st total of 4,040,000 shares. Based on an average trading volume of 317,400 shares, the short-interest ratio is presently 14.4 days. Currently, 10.5% of the shares of the stock are short sold.
View Granite Construction's Short Interest
.

When is Granite Construction's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 15th 2024.
View our GVA earnings forecast
.

How were Granite Construction's earnings last quarter?

Granite Construction Incorporated (NYSE:GVA) released its quarterly earnings data on Tuesday, October, 31st. The construction company reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.28. The construction company had revenue of $1.12 billion for the quarter. Granite Construction had a trailing twelve-month return on equity of 13.10% and a net margin of 1.18%.

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

Granite Construction declared a quarterly dividend on Wednesday, September 13th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.13 per share on Friday, October 13th. This represents a $0.52 annualized dividend and a yield of 1.11%. The ex-dividend date is Thursday, September 28th.
Read our dividend analysis for GVA
.

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 1.11%. The dividend payout ratio is 77.61%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, GVA will have a dividend payout ratio of 12.38% next year. This indicates that the company will be able to sustain or increase its dividend.
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) and Invesco S&P SmallCap Industrials ETF (PSCI).SPDR S&P 600 Small Cap ETF (SLY).

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).

Who are Granite Construction's major shareholders?

Granite Construction's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include FMR LLC (8.15%), Fuller & Thaler Asset Management Inc. (6.54%), William Blair Investment Management LLC (2.42%), Bank of New York Mellon Corp (2.25%), Morgan Stanley (1.92%) and Mizuho Markets Americas LLC (1.76%).
View institutional ownership trends
.

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.

This page (NYSE:GVA) was last updated on 12/5/2023 by MarketBeat.com Staff

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