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NYSE:GVA

Granite Construction (GVA) Stock Price, News & Analysis

$50.90
+0.90 (+1.80%)
(As of 02/28/2024 ET)
Today's Range
$49.91
$51.88
50-Day Range
$44.33
$52.07
52-Week Range
$33.74
$52.24
Volume
432,105 shs
Average Volume
395,403 shs
Market Capitalization
$2.24 billion
P/E Ratio
66.97
Dividend Yield
1.02%
Price Target
$64.00

Granite Construction MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
25.7% Upside
$64.00 Price Target
Short Interest
Bearish
9.11% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.31mentions of Granite Construction in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$63,150 Sold Last Quarter
Proj. Earnings Growth
N/A

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.

1.98 out of 5 stars

Construction Sector

91st out of 99 stocks

Heavy Construction, Except Building Construction - Contractors Industry

9th out of 10 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

Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Q4 2023 Granite Construction Inc Earnings Call
Granite Reports Fourth Quarter and FY 2023 Results
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Granite Reports Fourth Quarter and FY 2023 Results
GVA Mar 2024 30.000 put
GVA Apr 2024 60.000 call
Granite Construction (GVA) to Release Earnings on Thursday
Here’s Why Granite Construction (GVA) Rose in Q4
Bullish on Granite Construction Inc.
Granite Unveils State-of-the-Art Aggregate Plant
3 Housing Stocks to Buy as Home-Builder Confidence Surges
See More Headlines
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Company Calendar

Ex-Dividend for 1/12 Dividend
12/28/2023
Ex-Dividend for 1/12 Dividend
12/28/2023
Dividend Payable
1/12/2024
Dividend Payable
1/12/2024
Last Earnings
2/22/2024
Today
2/28/2024
Next Earnings (Estimated)
5/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Heavy construction, except building construction - contractors
Sub-Industry
Construction & Engineering
CUSIP
38732810
Employees
3,800
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$64.00
High Stock Price Target
$64.00
Low Stock Price Target
$64.00
Potential Upside/Downside
+25.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$43.60 million
Pretax Margin
1.71%

Debt

Sales & Book Value

Annual Sales
$3.51 billion
Cash Flow
$5.54 per share
Book Value
$23.35 per share

Miscellaneous

Free Float
43,683,000
Market Cap
$2.24 billion
Optionable
Optionable
Beta
1.43
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Key Executives

  • Mr. Kyle T. Larkin (Age 52)
    President, CEO & Director
    Comp: $1.52M
  • Ms. Elizabeth Lisa Curtis (Age 57)
    Executive VP & CFO
    Comp: $793.64k
  • Mr. James A. Radich (Age 65)
    Executive VP & COO
    Comp: $789.81k
  • Ms. Staci M. Woolsey (Age 47)
    Chief Accounting Officer
    Comp: $863.36k
  • Mr. Michael G. Tatusko (Age 59)
    Senior VP of Construction
    Comp: $745.11k
  • Ms. Kim Craig
    Senior VP of Corporate Finance & Treasurer
  • 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 60)
    Senior Vice President of Construction
    Comp: $587.66k














GVA Stock Analysis - Frequently Asked Questions

Should I buy or sell Granite Construction stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Granite Construction in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" GVA shares.
View GVA analyst ratings
or view top-rated stocks.

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

1 analysts have issued 1-year target prices for Granite Construction's stock. Their GVA share price targets range from $64.00 to $64.00. On average, they predict the company's share price to reach $64.00 in the next year. This suggests a possible upside of 25.7% from the stock's current price.
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 start of the year. Since then, GVA stock has increased by 0.1% and is now trading at $50.90.
View the best growth stocks for 2024 here
.

Are investors shorting Granite Construction?

Granite Construction saw a decrease in short interest in the month of January. As of January 15th, there was short interest totaling 3,980,000 shares, a decrease of 5.0% from the December 31st total of 4,190,000 shares. Based on an average trading volume of 357,100 shares, the short-interest ratio is currently 11.1 days. Currently, 9.2% of the shares of the company are sold short.
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 Tuesday, May 7th 2024.
View our GVA earnings forecast
.

How were Granite Construction's earnings last quarter?

Granite Construction Incorporated (NYSE:GVA) announced its quarterly earnings results on Thursday, February, 22nd. The construction company reported $0.82 EPS for the quarter, missing analysts' consensus estimates of $0.84 by $0.02. The construction company had revenue of $933.70 million for the quarter. Granite Construction had a trailing twelve-month return on equity of 14.15% and a net margin of 1.24%. During the same quarter in the prior year, the company earned $0.56 earnings per share.

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

Granite Construction declared a quarterly dividend on Wednesday, December 13th. Investors of record on Friday, December 29th will be given a dividend of $0.13 per share on Friday, January 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, December 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 1.06%. The dividend payout ratio is 68.42%. This payout ratio is at a healthy, sustainable level, below 75%.
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 guidance has Granite Construction issued on next quarter's earnings?

Granite Construction updated its FY 2024 earnings guidance on Thursday, February, 22nd. The company provided 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 many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.23%), Dimensional Fund Advisors LP (6.14%), Frontier Capital Management Co. LLC (3.16%), Franklin Resources Inc. (1.93%), Boston Partners (1.59%) and Charles Schwab Investment Management Inc. (1.53%). Insiders that own company stock include 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 2/28/2024 by MarketBeat.com Staff