Granite Construction
About: Granite Construction Inc engages in the construction and development of various infrastructure projects on behalf of public and private clients in the United States. It focuses on heavy civil infrastructure projects, including roads, highways, transit facilities, airports, bridges and other infrastructure projects. In addition, the company performs site preparation and infrastructure services for residential development, energy development, and other facilities. The majority of revenue is derived from the company's Construction operating segment, with the remainder derived from its Materials segment.
Employees: 4,100
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
487% more call options, than puts
Call options by funds: $43.6M | Put options by funds: $7.43M
91% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 34
27% more capital invested
Capital invested by funds: $3.04B [Q2] → $3.87B (+$831M) [Q3]
12% more funds holding
Funds holding: 269 [Q2] → 300 (+31) [Q3]
0.75% more ownership
Funds ownership: 111.14% [Q2] → 111.88% (+0.75%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 5 [Q2] → 5 (+0) [Q3]
21% less repeat investments, than reductions
Existing positions increased: 84 | Existing positions reduced: 106
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$70
23%
downside
Avg. target
$70
23%
downside
High target
$70
23%
downside
1 analyst rating
0 positive
0%
0 neutral
0%
1 negative
100%
Goldman Sachs Jerry Revich 53% 1-year accuracy 20 / 38 met price target | 23%downside $70 | Sell Maintained | 9 Oct 2024 |
Financial journalist opinion
Neutral
Business Wire
1 week ago
Granite Declares Quarterly Dividend
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable on January 15, 2025, to all shareholders of record at the close of business on December 31, 2024. About Granite Granite is America's Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States a.
Neutral
Business Wire
2 weeks ago
Granite Named One of Newsweek's America's Most Responsible Companies for the Third Consecutive Year
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been listed by Newsweek as one of America's Most Responsible Companies in 2025. Newsweek and Statista Inc., the world-leading statistics portal and industry ranking provider, present this award to recognize companies for their commitment to doing the right thing for people, the planet, and their communities. This list highlights companies that excel in corporate responsibility, sustainability, and ethical practices. The initial analys.
Neutral
Seeking Alpha
1 month ago
Granite Construction: Infrastructure Spending And An Upgraded Business Model
I'm into infrastructure, and not just data centers for AI. Our road and transportation systems remain awful, and I want to invest in companies that get paid to fix it. Granite Construction is close to a pure play on roadwork.
Positive
Zacks Investment Research
1 month ago
Heavy Construction Industry Gains Momentum: 5 Stocks to Watch
Growth across the telecommunications, transmission, renewable energy and power generation businesses is set to benefit EME, MTZ, GVA, PRIM and GLDD from the Zacks Building Products - Heavy Construction industry.
Neutral
Business Wire
1 month ago
Granite Announces Phase 1 of the $425 Million Mosaic Quarter Development in Tucson, Arizona
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced that it has been awarded the civil scope of work for Phase 1 of the Mosaic Quarter project, an approximately $27 million subcontract for general contractor Hensel Phelps. Mosaic Quarter is a sports and entertainment-focused lifestyle center, serving as a destination point for residents and visitors. It features state-of-the-art venues for entertainment, recreational and collegiate sports, including ice hockey, basketball, soccer.
Positive
Zacks Investment Research
1 month ago
Granite Construction (GVA) Is Up 5.94% in One Week: What You Should Know
Does Granite Construction (GVA) have what it takes to be a top stock pick for momentum investors? Let's find out.
Positive
Zacks Investment Research
1 month ago
Here Is Why Bargain Hunters Would Love Fast-paced Mover Granite Construction (GVA)
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Granite Construction (GVA) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
Neutral
Seeking Alpha
1 month ago
Granite Construction Incorporated (GVA) Q3 2024 Earnings Call Transcript
Granite Construction Incorporated (NYSE:GVA ) Q3 2024 Earnings Conference Call October 31, 2024 11:00 AM ET Company Participants Mike Barker - Vice President-Investor Relations Kyle Larkin - President and Chief Executive Officer Staci Woolsey - Executive Vice President and Chief Financial Officer Conference Call Participants Steven Ramsey - Thompson Research Group Brent Thielman - D.A. Davidson Michael Dudas - Vertical Research Partners Operator Good morning, my name is Andrea, and I will be your conference facilitator today.
Neutral
Business Wire
1 month ago
Granite Reports Third Quarter 2024 Results
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) today announced results for the quarter ended September 30, 2024. Third Quarter 2024 Results Net income attributable to Granite Construction Incorporated totaled $79 million, or $1.57 per diluted share, compared to $58 million, or $1.13 per diluted share, for the same period in the prior year. Adjusted net income attributable to Granite Construction Incorporated (1) totaled $91 million, or $2.05 per diluted shar.
Neutral
Business Wire
1 month ago
Granite Announces $42 Million P-928 Relay Ground Station Project in Guam
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced an approximately $42 million design-build contract by Naval Facilities Engineering Systems Command (NAVFAC) for a sitework and infrastructure project related to the Relay Ground Station-Asia (RGS-A) program at Naval Base Guam. Project funding is to come from federal sources and was included in Granite's third-quarter backlog. The project scope involves constructing four structures, multiple concrete foundations, and radar dome s.
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