Granite Construction Incorporated Company Profile (NYSE:GVA)

About Granite Construction Incorporated (NYSE:GVA)

Granite Construction Incorporated logoGranite 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
Capitalization:
  • Market Cap: $2.29 billion
  • Outstanding Shares: 39,841,000
Average Prices:
  • 50 Day Moving Avg: $57.64
  • 200 Day Moving Avg: $52.03
  • 52 Week Range: $42.59 - $62.18
P/E:
  • Trailing P/E Ratio: 52.62
  • Foreward P/E Ratio: 19.31
  • P/E Growth: 5.53
Sales & Book Value:
  • Annual Revenue: $2.7 billion
  • Price / Sales: 0.85
  • Book Value: $21.87 per share
  • Price / Book: 2.63
Dividend:
  • Annual Dividend: $0.52
  • Dividend Yield: 0.9%
Profitability:
  • EBITDA: $126.96 million
  • Net Margins: 1.61%
  • Return on Equity: 4.80%
  • Return on Assets: 2.49%
Debt:
  • Debt-to-Equity Ratio: 0.25%
  • Current Ratio: 1.88%
  • Quick Ratio: 1.77%
Misc:
  • 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?

Granite Construction Incorporated is scheduled to release their next quarterly earnings announcement on Friday, October, 27th 2017. View Earnings Estimates for Granite Construction Incorporated.

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?

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?

Granite Construction Incorporated's stock was bought by a variety of institutional investors in the last quarter, including Strs Ohio, Meeder Asset Management Inc., Personal Capital Advisors Corp, Nationwide Fund Advisors and ELM Advisors LLC. View Insider Buying and Selling for Granite Construction Incorporated.

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?

One share of Granite Construction Incorporated stock can currently be purchased for approximately $57.53.


MarketBeat Community Rating for Granite Construction Incorporated (NYSE GVA)
Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  151 (Vote Outperform)
Underperform Votes:  175 (Vote Underperform)
Total Votes:  326
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.

Analyst Ratings

Consensus Ratings for Granite Construction Incorporated (NYSE:GVA) (How are Consensus Ratings Calculated?)
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)
Price Target History for Granite Construction Incorporated (NYSE:GVA)
Analysts' Ratings History for Granite Construction Incorporated (NYSE:GVA)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/11/2017Seaport Global SecuritiesDowngradeBuy -> Neutral$64.00N/AView Rating Details
10/3/2017FBR & CoReiterated RatingBuy$68.00LowView Rating Details
9/19/2017Cowen and CompanyReiterated RatingBuy$70.00LowView Rating Details
8/26/2017Canaccord GenuityReiterated RatingBuy$70.00MediumView Rating Details
4/3/2017Goldman Sachs Group, Inc. (The)UpgradeNeutral -> Buy$50.19 -> $61.00MediumView Rating Details
3/15/2017MKM PartnersReiterated RatingBuy$62.00HighView Rating Details
3/10/2017Griffin SecuritiesReiterated RatingBuyHighView Rating Details
2/13/2017DA DavidsonReiterated RatingNeutralN/AView Rating Details
8/16/2016Janney Montgomery ScottReiterated RatingHold$53.00N/AView Rating Details
12/9/2015Stifel NicolausInitiated CoverageBuy$50.00N/AView Rating Details
11/24/2015Maxim GroupInitiated CoverageBuy$50.00N/AView Rating Details
(Data available from 10/23/2015 forward)

Earnings

Earnings History for Granite Construction Incorporated (NYSE:GVA)
Earnings by Quarter for Granite Construction Incorporated (NYSE:GVA)
Earnings History by Quarter for Granite Construction Incorporated (NYSE GVA)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/27/2017$1.11N/AView Earnings Details
8/1/2017Q2 2017$0.60$0.35$684.32 million$762.90 millionViewListenView Earnings Details
5/2/2017Q1 2017($0.25)($0.60)$458.65 million$468.40 millionViewListenView Earnings Details
2/17/2017Q416$0.58$0.40$685.85 million$666.81 millionViewN/AView Earnings Details
10/28/2016Q316$0.98$0.92$826.52 million$803.90 millionViewListenView Earnings Details
7/29/2016Q216$0.47$0.35$632.12 million$604.60 millionViewListenView Earnings Details
4/29/2016Q116($0.12)($0.28)$432.50 million$439.50 millionViewListenView Earnings Details
2/25/2016Q415$0.54$0.72$645.16 million$630.20 millionViewListenView Earnings Details
11/2/2015Q315$0.97$0.77$790.50 million$751.40 millionViewN/AView Earnings Details
7/30/2015Q215$0.44$0.24$622.68 million$569.24 millionViewListenView Earnings Details
5/5/2015Q115($0.22)($0.22)$408.79 million$420.20 millionViewN/AView Earnings Details
2/27/2015Q414$0.69$0.39$713.96 million$589.80 millionViewN/AView Earnings Details
11/3/2014Q314$0.96$0.38$906.93 million$719.80 millionViewN/AView Earnings Details
8/1/2014Q214$0.24$0.34$640.16 million$585.90 millionViewN/AView Earnings Details
4/30/2014Q114($0.36)($0.49)$426.95 million$379.80 millionViewN/AView Earnings Details
2/27/2014Q413($0.03)$0.02$619.24 million$598.10 millionViewN/AView Earnings Details
11/4/2013Q313$0.78$0.28$900.80 million$741.60 millionViewN/AView Earnings Details
8/1/2013Q2 2013$0.32$0.07$659.68 million$550.20 millionViewN/AView Earnings Details
5/9/2013Q1 2013($0.20)($0.57)$353.93 million$378.70 millionViewN/AView Earnings Details
2/28/2013Q4 2012$0.62$0.46$609.91 million$504.80 millionViewN/AView Earnings Details
11/7/2012Q312$0.87$0.94$843.37 million$728.50 millionViewN/AView Earnings Details
5/7/2012($0.26)($0.31)ViewN/AView Earnings Details
11/2/2011$0.70$0.93ViewN/AView Earnings Details
8/3/2011$0.26$0.13ViewN/AView Earnings Details
5/5/2011($0.36)($0.24)ViewN/AView Earnings Details
2/23/2011($0.10)($1.32)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Granite Construction Incorporated (NYSE:GVA)
2017 EPS Consensus Estimate: $2.19
2018 EPS Consensus Estimate: $2.92
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20174($0.33)($0.05)($0.20)
Q2 20174$0.55$0.66$0.60
Q3 20174$1.07$1.20$1.14
Q4 20174$0.64$0.67$0.66
Q1 20181($0.14)($0.14)($0.14)
Q2 20182$0.87$0.89$0.88
Q3 20182$1.28$1.44$1.36
Q4 20182$0.76$0.87$0.82
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Granite Construction Incorporated (NYSE:GVA)
Most Recent Dividend:10/13/2017
Annual Dividend:$0.52
Dividend Yield:0.90%
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 Payments by Quarter for Granite Construction Incorporated (NYSE:GVA)

Dividend History by Quarter for Granite Construction Incorporated (NYSE GVA)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
9/13/2017quarterly$0.130.91%9/28/20179/29/201710/13/2017
6/8/2017quarterly$0.131.03%6/28/20176/30/20177/14/2017
2/9/2017quarterly$0.130.95%3/29/20173/31/20174/14/2017
12/8/2016quarterly$0.130.86%12/28/201612/30/20161/13/2017
9/8/2016quarterly$0.131.11%9/28/20169/30/201610/14/2016
6/9/2016quarterly$0.131.19%6/28/20166/30/20167/15/2016
2/11/2016quarterly$0.131.43%3/29/20163/31/20164/15/2016
12/14/2015quarterly$0.131.25%12/29/201512/31/20151/15/2016
9/10/2015quarterly$0.131.53%9/28/20159/30/201510/15/2015
6/4/2015quarterly$0.131.4%6/26/20156/30/20157/15/2015
2/5/2015quarterly$0.131.45%3/27/20153/31/20154/15/2015
12/19/2014quarterly$0.131.37%12/29/201412/31/20141/15/2015
9/15/2014quarterly$0.131.54%9/26/20149/30/201410/22/2014
9/11/2014quarterly$0.139/26/20149/30/201410/15/2014
6/4/2014quarterly$0.131.45%6/26/20146/30/20147/15/2014
2/7/2014quarterly$0.131.6%3/27/20143/31/20144/15/2014
12/19/2013quarterly$0.131.56%12/27/201312/31/20131/15/2014
9/12/2013quarterly$0.131.75%9/26/20139/30/201310/15/2013
6/5/2013quarterly$0.131.74%6/26/20136/28/20137/12/2013
1/17/2013quarterly$0.131.48%3/26/20133/29/20134/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Granite Construction Incorporated (NYSE:GVA)
Insider Ownership Percentage: 1.30%
Institutional Ownership Percentage: 97.93%
Insider Trades by Quarter for Granite Construction Incorporated (NYSE:GVA)
Institutional Ownership by Quarter for Granite Construction Incorporated (NYSE:GVA)
Insider Trades by Quarter for Granite Construction Incorporated (NYSE:GVA)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/1/2017James D. RichardsInsiderSell4,000$55.50$222,000.00View SEC Filing  
6/15/2017William Howard PowellDirectorSell3,000$49.60$148,800.00View SEC Filing  
6/9/2017James Hildebrand RobertsDirectorSell17,442$50.34$878,030.28View SEC Filing  
5/15/2017Patricia D. GallowayDirectorBuy200$48.48$9,696.00View SEC Filing  
3/14/2017Laurel J KrzeminskiInsiderSell3,174$50.11$159,049.14View SEC Filing  
11/15/2016Michael Francis DonninoInsiderSell5,000$58.06$290,300.00View SEC Filing  
11/9/2016James Hildebrand RobertsDirectorSell4,175$52.00$217,100.00View SEC Filing  
11/7/2016James Hildebrand RobertsDirectorSell6,612$48.00$317,376.00View SEC Filing  
11/4/2016Michael Francis DonninoInsiderSell3,241$46.73$151,451.93View SEC Filing  
9/7/2016James Hildebrand RobertsDirectorSell6,612$49.18$325,178.16View SEC Filing  
8/9/2016David H. KelseyDirectorSell1,113$51.09$56,863.17View SEC Filing  
6/3/2016William Glenwood DoreyDirectorSell15,000$43.18$647,700.00View SEC Filing  
6/1/2016James Hildebrand RobertsCEOSell2,830$43.12$122,029.60View SEC Filing  
5/25/2016James Hildebrand RobertsCEOSell10,000$42.33$423,300.00View SEC Filing  
5/5/2016Michael Francis DonninoSVPSell10,000$43.26$432,600.00View SEC Filing  
3/14/2016Michael Francis DonninoSVPSell4,003$43.20$172,929.60View SEC Filing  
3/3/2016William Glenwood DoreyDirectorSell15,000$44.08$661,200.00View SEC Filing  
3/1/2016David H. KelseyDirectorSell5,000$42.10$210,500.00View SEC Filing  
12/9/2015James Hildebrand RobertsCEOSell4,228$41.44$175,208.32View SEC Filing  
12/7/2015James Hildebrand RobertsCEOSell2,156$41.07$88,546.92View SEC Filing  
6/11/2015James Hildebrand RobertsCEOSell1,772$37.40$66,272.80View SEC Filing  
5/18/2015James Hildebrand RobertsCEOSell8,228$38.00$312,664.00View SEC Filing  
5/12/2015William Howard PowellDirectorSell12,000$37.63$451,560.00View SEC Filing  
5/11/2015Michael Francis DonninoSVPSell5,000$38.22$191,100.00View SEC Filing  
5/11/2015William Howard PowellDirectorSell1,990$38.29$76,197.10View SEC Filing  
5/8/2015David H KelseyDirectorSell1,848$38.20$70,593.60View SEC Filing  
5/8/2015James Hildebrand RobertsCEOSell11,454$38.09$436,282.86View SEC Filing  
12/10/2014James Hildebrand RobertsCEOSell7,983$36.25$289,383.75View SEC Filing  
12/4/2014James D RichardsSVPSell5,000$35.79$178,950.00View SEC Filing  
8/13/2014Rebecca Ann McdonaldDirectorSell6,886$34.41$236,947.26View SEC Filing  
8/7/2014Michael Francis DonninoSVPSell10,000$33.17$331,700.00View SEC Filing  
6/9/2014Gaddi H VasquezDirectorSell1,200$36.23$43,476.00View SEC Filing  
6/6/2014Thomas Scott CaseSVPSell5,000$35.99$179,950.00View SEC Filing  
5/12/2014Thomas Scott CaseSVPSell2,500$36.80$92,000.00View SEC Filing  
3/13/2014James RichardsSVPSell6,500$37.73$245,245.00View SEC Filing  
3/12/2014James Hildebrand RobertsCEOSell14,368$38.08$547,133.44View SEC Filing  
3/7/2014William Glenwood DoreyDirectorSell40,000$38.59$1,543,600.00View SEC Filing  
3/5/2014Michael Francis DonninoSVPSell10,000$37.86$378,600.00View SEC Filing  
8/14/2013Michael Francis DonninoSVPSell3,000$29.44$88,320.00View SEC Filing  
8/9/2013Michael Francis DonninoSVPSell2,000$30.18$60,360.00View SEC Filing  
8/8/2013John Anthony FranichVPSell1,500$30.11$45,165.00View SEC Filing  
8/5/2013John Anthony FranichVPSell5,000$32.12$160,600.00View SEC Filing  
6/14/2013William Howard PowellDirectorSell10,000$29.82$298,200.00View SEC Filing  
5/28/2013James Hildebrand RobertsCEOSell4,591$31.98$146,820.18View SEC Filing  
5/24/2013James Hildebrand RobertsCEOSell10,098$30.91$312,129.18View SEC Filing  
5/14/2013John Anthony FranichVPSell8,000$30.72$245,760.00View SEC Filing  
3/13/2013Thomas Scott CaseVPSell4,650$31.18$144,987.00View SEC Filing  
3/6/2013James D RichardsSVPSell5,000$31.81$159,050.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Granite Construction Incorporated (NYSE:GVA)
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Granite Construction Incorporated (GVA) Chart for Monday, October, 23, 2017

This page was last updated on 10/23/2017 by MarketBeat.com Staff

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