About Granite Construction Incorporated (NYSE:GVA)
Granite Construction Incorporated is a heavy civil contractor and construction materials producer in the United States. The Company operates through three segments: Construction, Large Project Construction and Construction Materials. The Company operates across the nation, serving both public and private sector clients. Within the public sector, it concentrates on heavy-civil infrastructure projects, including the construction of streets, roads, highways, mass transit facilities, airport infrastructure, bridges, trenchless and underground utilities, power-related facilities, water and wastewater facilities, utilities, tunnels, dams and other infrastructure-related projects. Within the private sector, the Company offers site preparation and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities, as well as provides construction management professional services.
Industry, Sector and Symbol:
- Sector: Construction
- Industry: Construction & Engineering
- Sub-Industry: Construction & Engineering
- Symbol: NYSE:GVA
- CUSIP: 38732810
- Web: www.graniteconstruction.com
- Market Cap: $2.29 billion
- Outstanding Shares: 39,841,000
- 50 Day Moving Avg: $57.64
- 200 Day Moving Avg: $52.03
- 52 Week Range: $42.59 - $62.18
Sales & Book Value:
- Trailing P/E Ratio: 52.62
- Foreward P/E Ratio: 19.31
- P/E Growth: 5.53
- Annual Revenue: $2.7 billion
- Price / Sales: 0.85
- Book Value: $21.87 per share
- Price / Book: 2.63
- Annual Dividend: $0.52
- Dividend Yield: 0.9%
- EBITDA: $126.96 million
- Net Margins: 1.61%
- Return on Equity: 4.80%
- Return on Assets: 2.49%
- Debt-to-Equity Ratio: 0.25%
- Current Ratio: 1.88%
- Quick Ratio: 1.77%
- Average Volume: 336,432 shs.
- Beta: 1.17
- Short Ratio: 10.82
Frequently Asked Questions for Granite Construction Incorporated (NYSE:GVA)
What is Granite Construction Incorporated's stock symbol?
Granite Construction Incorporated trades on the New York Stock Exchange (NYSE) under the ticker symbol "GVA."
How often does Granite Construction Incorporated pay dividends? What is the dividend yield for Granite Construction Incorporated?
Granite Construction Incorporated announced a quarterly dividend on Wednesday, September 13th. Stockholders 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 dividend yield of 0.90%. The ex-dividend date is Thursday, September 28th. View Granite Construction Incorporated's Dividend History.
How were Granite Construction Incorporated's earnings last quarter?
Granite Construction Incorporated (NYSE:GVA) issued its quarterly earnings data on Tuesday, August, 1st. The company reported $0.35 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.60 by $0.25. The business had revenue of $762.90 million for the quarter, compared to analysts' expectations of $684.32 million. Granite Construction Incorporated had a return on equity of 4.80% and a net margin of 1.61%. The firm's revenue was up 26.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 EPS. View Granite Construction Incorporated's Earnings History.
When will Granite Construction Incorporated make its next earnings announcement?
Where is Granite Construction Incorporated's stock going? Where will Granite Construction Incorporated's stock price be in 2017?
8 analysts have issued 12-month target prices for Granite Construction Incorporated's shares. Their forecasts range from $51.00 to $70.00. On average, they expect Granite Construction Incorporated's share price to reach $63.71 in the next year. View Analyst Ratings for Granite Construction Incorporated.
What are analysts saying about Granite Construction Incorporated stock?
Here are some recent quotes from research analysts about Granite Construction Incorporated stock:
- 1. According to Zacks Investment Research, "Granite Construction, Inc. is a diversified heavy civil constractor and construction materials producer. The Company concentrates on ifrastructure projects including roads, bridges, dams, tunnels, canals and rapid transit facilities. The Company also manufactures asphalt, concrete base rock and other construction materials. The Company has offices in Arizona, Nevada, Utah, Texas, Georgia and California. " (10/17/2017)
- 2. Canaccord Genuity analysts commented, "We expect better performance during the balance of 2017, followed by a strong inflection for margins in 2018. With the cessation of tough weather, beneficial work has now commenced that will help offset the negative effects of accelerated Large Project activity as the company works to complete certain challenged jobs. Activity in the Materials segment is also picking up, and we expect steady margin improvement for Materials and the Construction segment throughout the year, accelerating in 2018 as funding from the CA Transportation Act begins to flow through. We continue to view GVA as one of the best positioned infrastructure plays in our coverage universe given meaningful leverage from Materials and strong position to CA and other markets with boosted funding levels. We are largely maintaining our estimates and reiterate a BUY rating and $70 price target." (5/3/2017)
- 3. FBR & Co analysts commented, "We are lowering our 2017 estimates following Granite's 4Q16 results, which were below our estimates, mostly due to a handful of company-specific problem projects within the large construction segment and wet weather impacts in California. We continue to expect solid revenue growth and margin expansion, especially with Granite's robust project pipeline, the new Administration's focus on infrastructure, and an ease in regulations, which should help to add to GVA's positive momentum. Due to our lowered estimates, we are lowering our price target to $67 (from $70), which still provides 20% upside from current levels. We reiterate our Outperform rating, as we believe Granite is one of the best-positioned contractors to benefit from the more than $200B in infrastructure bonds that were passed locally in the November election, providing a solid runway for the company in 2017. In addition, the expected financial benefits of the FAST Act, the potential passage of a California highway bill, and the general focus on North American infrastructure spending by the new Administration could prove to be significant catalysts for GVA starting in late 2017." (2/27/2017)
Who are some of Granite Construction Incorporated's key competitors?
Some companies that are related to Granite Construction Incorporated include Babcock International Group PLC (BAB), EMCOR Group (EME), Stantec (STN), KBR (KBR), Balfour Beatty plc (BBY), Chicago Bridge & Iron Company N.V. (CBI), Primoris Services Corporation (PRIM), Tutor Perini Corporation (TPC), NCI Building Systems (NCS), Galliford Try plc (GFRD), John Laing Group PLC (JLG), Argan (AGX), Kier Group plc (KIE), Aegion Corp (AEGN), Keller Group plc (KLR), Morgan Sindall Group PLC (MGNS), Grana y Montero S.A.A. (GRAM) and USD Partners LP (USDP).
Who are Granite Construction Incorporated's key executives?
Granite Construction Incorporated's management team includes the folowing people:
- James Hildebrand Roberts, President, Chief Executive Officer, Interim Chief Operating Officer, Interim Executive Vice President, Director
- Laurel J. Krzeminski, Chief Financial Officer, Executive Vice President
- Martin P. Matheson, Senior Vice President - Group Manager
- James D. Richards, Senior Vice President - Group Manager
- Dale Swanberg, Senior Vice President - Group Manager
- William Howard Powell, Independent Non-Executive Chairman of the Board
- Claes G. Bjork, Independent Director
- James W. Bradford Jr., Independent Director
- David C. Darnell, Independent Director
- Patricia D. Galloway, Independent Director
Who owns Granite Construction Incorporated stock?
Granite Construction Incorporated's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Tributary Capital Management LLC (0.90%), Nationwide Fund Advisors (0.35%), Strs Ohio (0.16%), Personal Capital Advisors Corp (0.04%), Meeder Asset Management Inc. (0.04%) and State Treasurer State of Michigan (0.04%). Company insiders that own Granite Construction Incorporated stock include David H Kelsey, James D Richards, James Hildebrand Roberts, Laurel J Krzeminski, Michael Francis Donnino, Patricia D Galloway, William Glenwood Dorey and William Howard Powell. View Institutional Ownership Trends for Granite Construction Incorporated.
Who sold Granite Construction Incorporated stock? Who is selling Granite Construction Incorporated stock?
Granite Construction Incorporated's stock was sold by a variety of institutional investors in the last quarter, including State Treasurer State of Michigan and Tributary Capital Management LLC. Company insiders that have sold Granite Construction Incorporated stock in the last year include James D Richards, James Hildebrand Roberts, Laurel J Krzeminski, Michael Francis Donnino and William Howard Powell. View Insider Buying and Selling for Granite Construction Incorporated.
Who bought Granite Construction Incorporated stock? Who is buying Granite Construction Incorporated stock?
How do I buy Granite Construction Incorporated stock?
Shares of Granite Construction Incorporated can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Granite Construction Incorporated's stock price today?
MarketBeat Community Rating for Granite Construction Incorporated (NYSE GVA)MarketBeat's community ratings are surveys of what our community members think about Granite Construction Incorporated and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Granite Construction Incorporated stock can currently be purchased for approximately $57.53.
Consensus Ratings for Granite Construction Incorporated (NYSE:GVA) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings, 6 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.75)|
|Consensus Price Target: ||$63.71 (10.75% upside)|Consensus Price Target History for Granite Construction Incorporated (NYSE:GVA)
Analysts' Ratings History for Granite Construction Incorporated (NYSE:GVA)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/11/2017||Seaport Global Securities||Downgrade||Buy -> Neutral||$64.00||N/A|
|10/3/2017||FBR & Co||Reiterated Rating||Buy||$68.00||Low|
|9/19/2017||Cowen and Company||Reiterated Rating||Buy||$70.00||Low|
|8/26/2017||Canaccord Genuity||Reiterated Rating||Buy||$70.00||Medium|
|4/3/2017||Goldman Sachs Group, Inc. (The)||Upgrade||Neutral -> Buy||$50.19 -> $61.00||Medium|
|3/15/2017||MKM Partners||Reiterated Rating||Buy||$62.00||High|
|3/10/2017||Griffin Securities||Reiterated Rating||Buy||High|
|2/13/2017||DA Davidson||Reiterated Rating||Neutral||N/A|
|8/16/2016||Janney Montgomery Scott||Reiterated Rating||Hold||$53.00||N/A|
|12/9/2015||Stifel Nicolaus||Initiated Coverage||Buy||$50.00||N/A|
|11/24/2015||Maxim Group||Initiated Coverage||Buy||$50.00||N/A|
Earnings History for Granite Construction Incorporated (NYSE:GVA)Earnings History by Quarter for Granite Construction Incorporated (NYSE GVA)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/1/2017||Q2 2017||$0.60||$0.35||$684.32 million||$762.90 million||View||Listen|
|5/2/2017||Q1 2017||($0.25)||($0.60)||$458.65 million||$468.40 million||View||Listen|
|2/17/2017||Q416||$0.58||$0.40||$685.85 million||$666.81 million||View||N/A|
|10/28/2016||Q316||$0.98||$0.92||$826.52 million||$803.90 million||View||Listen|
|7/29/2016||Q216||$0.47||$0.35||$632.12 million||$604.60 million||View||Listen|
|4/29/2016||Q116||($0.12)||($0.28)||$432.50 million||$439.50 million||View||Listen|
|2/25/2016||Q415||$0.54||$0.72||$645.16 million||$630.20 million||View||Listen|
|11/2/2015||Q315||$0.97||$0.77||$790.50 million||$751.40 million||View||N/A|
|7/30/2015||Q215||$0.44||$0.24||$622.68 million||$569.24 million||View||Listen|
|5/5/2015||Q115||($0.22)||($0.22)||$408.79 million||$420.20 million||View||N/A|
|2/27/2015||Q414||$0.69||$0.39||$713.96 million||$589.80 million||View||N/A|
|11/3/2014||Q314||$0.96||$0.38||$906.93 million||$719.80 million||View||N/A|
|8/1/2014||Q214||$0.24||$0.34||$640.16 million||$585.90 million||View||N/A|
|4/30/2014||Q114||($0.36)||($0.49)||$426.95 million||$379.80 million||View||N/A|
|2/27/2014||Q413||($0.03)||$0.02||$619.24 million||$598.10 million||View||N/A|
|11/4/2013||Q313||$0.78||$0.28||$900.80 million||$741.60 million||View||N/A|
|8/1/2013||Q2 2013||$0.32||$0.07||$659.68 million||$550.20 million||View||N/A|
|5/9/2013||Q1 2013||($0.20)||($0.57)||$353.93 million||$378.70 million||View||N/A|
|2/28/2013||Q4 2012||$0.62||$0.46||$609.91 million||$504.80 million||View||N/A|
|11/7/2012||Q312||$0.87||$0.94||$843.37 million||$728.50 million||View||N/A|
Earnings Estimates for Granite Construction Incorporated (NYSE:GVA)
2017 EPS Consensus Estimate: $2.19
2018 EPS Consensus Estimate: $2.92
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Granite Construction Incorporated (NYSE:GVA)
|Most Recent Dividend:||10/13/2017|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||48.60% (Trailing 12 Months of Earnings) |
34.90% (Based on This Year's Estimates)
17.45% (Based on Next Year's Estimates)
Dividend History by Quarter for Granite Construction Incorporated (NYSE GVA)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Granite Construction Incorporated (NYSE:GVA)
Insider Ownership Percentage: 1.30%Insider Trades by Quarter for Granite Construction Incorporated (NYSE:GVA)
Institutional Ownership Percentage: 97.93%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/1/2017||James D. Richards||Insider||Sell||4,000||$55.50||$222,000.00|| |
|6/15/2017||William Howard Powell||Director||Sell||3,000||$49.60||$148,800.00|| |
|6/9/2017||James Hildebrand Roberts||Director||Sell||17,442||$50.34||$878,030.28|| |
|5/15/2017||Patricia D. Galloway||Director||Buy||200||$48.48||$9,696.00|| |
|3/14/2017||Laurel J Krzeminski||Insider||Sell||3,174||$50.11||$159,049.14|| |
|11/15/2016||Michael Francis Donnino||Insider||Sell||5,000||$58.06||$290,300.00|| |
|11/9/2016||James Hildebrand Roberts||Director||Sell||4,175||$52.00||$217,100.00|| |
|11/7/2016||James Hildebrand Roberts||Director||Sell||6,612||$48.00||$317,376.00|| |
|11/4/2016||Michael Francis Donnino||Insider||Sell||3,241||$46.73||$151,451.93|| |
|9/7/2016||James Hildebrand Roberts||Director||Sell||6,612||$49.18||$325,178.16|| |
|8/9/2016||David H. Kelsey||Director||Sell||1,113||$51.09||$56,863.17|| |
|6/3/2016||William Glenwood Dorey||Director||Sell||15,000||$43.18||$647,700.00|| |
|6/1/2016||James Hildebrand Roberts||CEO||Sell||2,830||$43.12||$122,029.60|| |
|5/25/2016||James Hildebrand Roberts||CEO||Sell||10,000||$42.33||$423,300.00|| |
|5/5/2016||Michael Francis Donnino||SVP||Sell||10,000||$43.26||$432,600.00|| |
|3/14/2016||Michael Francis Donnino||SVP||Sell||4,003||$43.20||$172,929.60|| |
|3/3/2016||William Glenwood Dorey||Director||Sell||15,000||$44.08||$661,200.00|| |
|3/1/2016||David H. Kelsey||Director||Sell||5,000||$42.10||$210,500.00|| |
|12/9/2015||James Hildebrand Roberts||CEO||Sell||4,228||$41.44||$175,208.32|| |
|12/7/2015||James Hildebrand Roberts||CEO||Sell||2,156||$41.07||$88,546.92|| |
|6/11/2015||James Hildebrand Roberts||CEO||Sell||1,772||$37.40||$66,272.80|| |
|5/18/2015||James Hildebrand Roberts||CEO||Sell||8,228||$38.00||$312,664.00|| |
|5/12/2015||William Howard Powell||Director||Sell||12,000||$37.63||$451,560.00|| |
|5/11/2015||Michael Francis Donnino||SVP||Sell||5,000||$38.22||$191,100.00|| |
|5/11/2015||William Howard Powell||Director||Sell||1,990||$38.29||$76,197.10|| |
|5/8/2015||David H Kelsey||Director||Sell||1,848||$38.20||$70,593.60|| |
|5/8/2015||James Hildebrand Roberts||CEO||Sell||11,454||$38.09||$436,282.86|| |
|12/10/2014||James Hildebrand Roberts||CEO||Sell||7,983||$36.25||$289,383.75|| |
|12/4/2014||James D Richards||SVP||Sell||5,000||$35.79||$178,950.00|| |
|8/13/2014||Rebecca Ann Mcdonald||Director||Sell||6,886||$34.41||$236,947.26|| |
|8/7/2014||Michael Francis Donnino||SVP||Sell||10,000||$33.17||$331,700.00|| |
|6/9/2014||Gaddi H Vasquez||Director||Sell||1,200||$36.23||$43,476.00|| |
|6/6/2014||Thomas Scott Case||SVP||Sell||5,000||$35.99||$179,950.00|| |
|5/12/2014||Thomas Scott Case||SVP||Sell||2,500||$36.80||$92,000.00|| |
|3/13/2014||James Richards||SVP||Sell||6,500||$37.73||$245,245.00|| |
|3/12/2014||James Hildebrand Roberts||CEO||Sell||14,368||$38.08||$547,133.44|| |
|3/7/2014||William Glenwood Dorey||Director||Sell||40,000||$38.59||$1,543,600.00|| |
|3/5/2014||Michael Francis Donnino||SVP||Sell||10,000||$37.86||$378,600.00|| |
|8/14/2013||Michael Francis Donnino||SVP||Sell||3,000||$29.44||$88,320.00|| |
|8/9/2013||Michael Francis Donnino||SVP||Sell||2,000||$30.18||$60,360.00|| |
|8/8/2013||John Anthony Franich||VP||Sell||1,500||$30.11||$45,165.00|| |
|8/5/2013||John Anthony Franich||VP||Sell||5,000||$32.12||$160,600.00|| |
|6/14/2013||William Howard Powell||Director||Sell||10,000||$29.82||$298,200.00|| |
|5/28/2013||James Hildebrand Roberts||CEO||Sell||4,591||$31.98||$146,820.18|| |
|5/24/2013||James Hildebrand Roberts||CEO||Sell||10,098||$30.91||$312,129.18|| |
|5/14/2013||John Anthony Franich||VP||Sell||8,000||$30.72||$245,760.00|| |
|3/13/2013||Thomas Scott Case||VP||Sell||4,650||$31.18||$144,987.00|| |
|3/6/2013||James D Richards||SVP||Sell||5,000||$31.81||$159,050.00|| |
Headline Trends for Granite Construction Incorporated (NYSE:GVA)
Latest Headlines for Granite Construction Incorporated (NYSE:GVA)
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Granite Construction Incorporated (GVA) Chart for Monday, October, 23, 2017