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NYSE:GVA

Granite Construction (GVA) Stock Price, News & Analysis

$62.26
-0.07 (-0.11%)
(As of 11:57 AM ET)
Today's Range
$61.61
$62.53
50-Day Range
$53.44
$64.16
52-Week Range
$33.74
$64.33
Volume
49,562 shs
Average Volume
383,295 shs
Market Capitalization
$2.75 billion
P/E Ratio
105.53
Dividend Yield
0.84%
Price Target
$57.00

Granite Construction MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
8.0% Downside
$57.00 Price Target
Short Interest
Bearish
10.16% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.13mentions of Granite Construction in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$109,058 Sold Last Quarter
Proj. Earnings Growth
15.97%
From $4.76 to $5.52 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.78 out of 5 stars

Construction Sector

91st out of 97 stocks

Heavy Construction, Except Building Construction - Contractors Industry

10th out of 10 stocks

GVA stock logo

About Granite Construction Stock (NYSE:GVA)

Granite Construction Incorporated operates as an infrastructure contractor 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 and water-related construction for municipal agencies, commercial water suppliers, industrial facilities, and energy companies; and construction of various complex projects, including infrastructure/site development, mining, public safety, tunnel, solar storage, and power related projects. The Materials segment is involved in the production of aggregates, asphalt concrete, liquid asphalt, and recycled materials production for internal use in our construction projects and sale to third parties. It also offers site preparation, mining, and infrastructure services for residential development, energy development, commercial and industrial sites, railways, residential development, and energy development; 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. Granite Construction Incorporated was incorporated in 1922 and is headquartered in Watsonville, California.

GVA Stock Price History

GVA Stock News Headlines

Granite Construction Incorporated (GVA)
Q1 2024 Granite Construction Inc Earnings Call
Granite Reports First Quarter 2024 Results
Granite Publishes Annual Sustainability Report
Granite VP Joins NAPA Advisory Council
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Ex-Dividend for 4/15 Dividend
3/27/2024
Dividend Payable
4/15/2024
Today
5/21/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Heavy construction, except building construction - contractors
Sub-Industry
Construction & Engineering
CUSIP
38732810
Employees
2,100
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$57.00
High Stock Price Target
$64.00
Low Stock Price Target
$50.00
Potential Upside/Downside
-8.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$43.60 million
Pretax Margin
1.55%

Debt

Sales & Book Value

Annual Sales
$3.51 billion
Cash Flow
$5.34 per share
Book Value
$23.38 per share

Miscellaneous

Free Float
43,913,000
Market Cap
$2.75 billion
Optionable
Optionable
Beta
1.45
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Key Executives

  • Mr. Kyle T. Larkin (Age 52)
    President, CEO & Director
    Comp: $2.68M
  • Ms. Elizabeth Lisa Curtis (Age 57)
    Executive VP & CFO
    Comp: $1.27M
  • Mr. James A. Radich (Age 65)
    Executive VP & COO
    Comp: $1.27M
  • Ms. Staci M. Woolsey (Age 47)
    Senior VP & Chief Accounting Officer
    Comp: $849.7k
  • Mr. Michael G. Tatusko (Age 59)
    Senior VP of Construction
    Comp: $1.04M
  • Ms. Kim Craig
    Senior VP of Corporate Finance & Treasurer
  • Mr. Michael W. Barker
    Vice President of Investor Relations
  • Mr. M. Craig Hall
    Senior VP, General Counsel, Corporate Compliance Officer & Secretary
  • Ms. Erin Kuhlman
    Senior VP and Chief Marketing & Communications Officer
  • Mr. Timothy W. Gruber
    Senior Vice President of Human Resources

GVA Stock Analysis - Frequently Asked Questions

Should I buy or sell Granite Construction stock right now?

2 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 and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GVA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GVA, but not buy additional shares or sell existing shares.
View GVA analyst ratings
or view top-rated stocks.

What is Granite Construction's stock price target for 2024?

2 analysts have issued twelve-month price objectives for Granite Construction's stock. Their GVA share price targets range from $50.00 to $64.00. On average, they predict the company's stock price to reach $57.00 in the next year. This suggests that the stock has a possible downside of 8.0%.
View analysts price targets for GVA
or view top-rated stocks among Wall Street analysts.

How have GVA shares performed in 2024?

Granite Construction's stock was trading at $50.86 at the beginning of 2024. Since then, GVA shares have increased by 21.8% and is now trading at $61.93.
View the best growth stocks for 2024 here
.

Are investors shorting Granite Construction?

Granite Construction saw a increase in short interest in April. As of April 15th, there was short interest totaling 4,390,000 shares, an increase of 5.5% from the March 31st total of 4,160,000 shares. Based on an average daily trading volume, of 356,800 shares, the short-interest ratio is presently 12.3 days. Approximately 10.1% of the shares of the company 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, July 25th 2024.
View our GVA earnings forecast
.

How were Granite Construction's earnings last quarter?

Granite Construction Incorporated (NYSE:GVA) posted its quarterly earnings data on Thursday, February, 22nd. The construction company reported $0.82 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by $0.02. The construction company earned $933.70 million during the quarter. Granite Construction had a net margin of 0.98% and a trailing twelve-month return on equity of 14.91%. During the same quarter in the previous year, the firm earned $0.56 EPS.

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

Granite Construction announced a quarterly dividend on Tuesday, March 12th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.13 per share on Monday, April 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Wednesday, March 27th.
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 0.84%. The dividend payout ratio is 88.14%. 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 9.42% 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 2024 earnings guidance on Friday, May, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $3.8 billion-$4.0 billion, compared to the consensus revenue estimate of $3.9 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).

Who are Granite Construction's major shareholders?

Granite Construction's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.19%), William Blair Investment Management LLC (2.13%), Wasatch Advisors LP (2.13%), Mizuho Markets Americas LLC (1.42%), Mirae Asset Global Investments Co. Ltd. (0.76%) and Principal Financial Group Inc. (0.52%). Insiders that own company stock include Bradley Jay Williams, Kyle T Larkin and Louis E Caldera.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:GVA) was last updated on 5/21/2024 by MarketBeat.com Staff

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