NYSE:GVA - Granite Construction Stock Price, News, & Analysis

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$46.40 +0.03 (+0.06 %)
(As of 09/21/2018 03:55 PM ET)
Previous Close$46.51
Today's Range$46.25 - $46.73
52-Week Range$40.76 - $68.58
Volume10,763 shs
Average Volume433,060 shs
Market Capitalization$2.08 billion
P/E Ratio28.76
Dividend Yield1.14%
Beta1.23
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 Ratio0.22
Current Ratio1.53
Quick Ratio1.42

Price-To-Earnings

Trailing P/E Ratio28.76
Forward P/E Ratio15.36
P/E Growth2.16

Sales & Book Value

Annual Sales$2.99 billion
Price / Sales0.71
Cash Flow$3.3672 per share
Price / Cash13.78
Book Value$24.91 per share
Price / Book1.86

Profitability

EPS (Most Recent Fiscal Year)$1.62
Net Income$69.09 million
Net Margins1.88%
Return on Equity8.35%
Return on Assets4.32%

Miscellaneous

Employees3,600
Outstanding Shares45,690,000
Market Cap$2.08 billion

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 Wednesday, September 12th. Stockholders of record on Friday, September 28th will be given a dividend of $0.13 per share on Friday, October 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Thursday, September 27th. View Granite Construction's Dividend History.

How were Granite Construction's earnings last quarter?

Granite Construction Inc. (NYSE:GVA) issued its quarterly earnings results on Wednesday, August, 8th. The construction company reported ($0.20) EPS for the quarter, missing the Zacks' consensus estimate of $0.81 by $1.01. The construction company had revenue of $807.10 million for the quarter, compared to the consensus estimate of $897.70 million. Granite Construction had a return on equity of 8.35% and a net margin of 1.88%. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.35 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 Friday, October, 26th 2018. View Earnings Estimates for Granite Construction.

What price target have analysts set for GVA?

7 equities research analysts have issued twelve-month price targets for Granite Construction's shares. Their predictions range from $64.00 to $85.00. On average, they expect Granite Construction's share price to reach $70.6667 in the next year. This suggests a possible upside of 51.6% from the stock's current price. View Analyst Price Targets 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." View Analyst Ratings for Granite Construction.

What are Wall Street analysts saying about Granite Construction stock?

Here are some recent quotes from research analysts about Granite Construction stock:
  • 1. According to Zacks Investment Research, "Granite Construction Inc. is one of the nation's largest infrastructure contractors and construction materials producers. Granite specializes in complex infrastructure projects, including transportation, industrial and federal contracting, and is a proven leader in alternative procurement project delivery. Granite is an award-winning firm in safety, quality and environmental stewardship, and has been honoured as one of the World's Most Ethical Companies by Ethisphere Institute for eight consecutive years. Granite is listed on the New York Stock Exchange and is part of the S&P MidCap 400 Index, the MSCI KLD 400 Social Index and the Russell 2000 Index. " (8/14/2018)
  • 2. Canaccord Genuity analysts commented, "We remain at a BUY rating for GVA despite the Q2 miss, which included significant expenses related to acquisitions. We continue to view GVA as well positioned to capitalize on the better funding environment for infrastructure work and expect projects to translate into accelerating growth from the higher-margin Materials business. Further, we remain positive on the recent water-related acquisitions on the increased exposure ahead of an anticipated strong investment cycle. We are adjusting our estimates to reflect the updated full-year guidance while reducing our price target from $75 to $65." (8/9/2018)

Are investors shorting Granite Construction?

Granite Construction saw a increase in short interest in August. As of August 31st, there was short interest totalling 2,557,497 shares, an increase of 54.4% from the August 15th total of 1,656,091 shares. Based on an average daily volume of 529,391 shares, the short-interest ratio is presently 4.8 days. Currently, 5.7% of the shares of the stock 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)
  • 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)
  • Ms. Jigisha Desai, Sr. VP & CFO (Age 51)

Has Granite Construction been receiving favorable news coverage?

Media stories about GVA stock have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Granite Construction earned a news and rumor sentiment score of 0.18 on Accern's scale. They also gave news stories about the construction company an impact score of 46.57 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next several days. View Recent Headlines for Granite Construction.

Who are Granite Construction's major shareholders?

Granite Construction's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.26%), Dimensional Fund Advisors LP (6.31%), Northern Trust Corp (2.80%), Voya Investment Management LLC (2.52%), Glenmede Trust Co. NA (2.06%) and Bank of New York Mellon Corp (2.32%). Company insiders that own Granite Construction stock include Claes Bjork, 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 major investors are selling Granite Construction stock?

GVA stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Frontier Capital Management Co. LLC, Peregrine Capital Management LLC, Segall Bryant & Hamill LLC, OppenheimerFunds Inc., Cortina Asset Management LLC, First Trust Advisors LP and BNP Paribas Arbitrage SA. Company insiders that have sold Granite Construction company stock in the last year include Claes Bjork and William Howard Powell. View Insider Buying and Selling for Granite Construction.

Which major investors are buying Granite Construction stock?

GVA stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Wynnefield Capital Inc., Royce & Associates LP, Dimensional Fund Advisors LP, Systematic Financial Management LP, QCI Asset Management Inc. NY, Glenmede Trust Co. NA and Gamco Investors INC. ET AL. Company insiders that have bought Granite Construction stock in the last two years include Claes Bjork and Patricia D Galloway. 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 $46.62.

How big of a company is Granite Construction?

Granite Construction has a market capitalization of $2.08 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:  238 (Vote Outperform)
Underperform Votes:  252 (Vote Underperform)
Total Votes:  490
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 9/21/2018 by MarketBeat.com Staff

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