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: 4,400
0
Funds holding %
of 7,139 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
1,071% more call options, than puts
Call options by funds: $42.8M | Put options by funds: $3.66M
181% more first-time investments, than exits
New positions opened: 73 | Existing positions closed: 26
40% more funds holding in top 10
Funds holding in top 10: 5 [Q3] → 7 (+2) [Q4]
21% more repeat investments, than reductions
Existing positions increased: 120 | Existing positions reduced: 99
15% more capital invested
Capital invested by funds: $3.88B [Q3] → $4.47B (+$584M) [Q4]
12% more funds holding
Funds holding: 303 [Q3] → 340 (+37) [Q4]
4.29% more ownership
Funds ownership: 112.24% [Q3] → 116.53% (+4.29%) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for GVA.
Financial journalist opinion
Based on 9 articles about GVA published over the past 30 days
Neutral
Seeking Alpha
1 week ago
Granite Construction Incorporated (GVA) Q4 2024 Earnings Call Transcript
Granite Construction Incorporated (NYSE:GVA ) Q4 2024 Earnings Conference Call February 13, 2025 11:00 AM ET Company Participants Mike Barker – Vice President of 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 Michael Dudas – Vertical Research Partners Jerry Revich – Goldman Sachs Jean Veliz – D.A. Davidson Operator Good morning everyone.
Neutral
Business Wire
1 week ago
Granite Reports Fourth Quarter and Fiscal Year 2024 Results
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) today announced results for the quarter and year ended December 31, 2024. Fourth Quarter 2024 Results Net income totaled $41 million, or $0.84 per diluted share, compared to net income of $26 million, or $0.55 per diluted share, for the same period in the prior year. Adjusted net income (1) totaled $56 million, or $1.23 per diluted share, compared to adjusted net income (1) of $38 million, or $0.85 per diluted s.
Neutral
Business Wire
1 week ago
Granite's $78 Million Road Congestion Relief Project in Anaheim, California
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded a $78 million infrastructure project by the California Department of Transportation (Caltrans) in Orange County, California. Project funding is to come from state and federal sources and will be included in Granite's first-quarter CAP. The project is centered around the demolition and reconstruction of a 320-foot-long concrete bridge. This new bridge is designed to improve mobility throughout the State Route 55 and State.
Positive
Investors Business Daily
2 weeks ago
Outperforming Hennessy Fund Comanager Shares Favorite Stocks
In a market focused on the megacap stocks, Joshua Wein steers clear of the giants while running one of the best mutual funds. The post Outperforming Hennessy Fund Comanager Shares Favorite Stocks appeared first on Investor's Business Daily.
Neutral
Business Wire
2 weeks ago
Granite/Lehman-Roberts Leader Pat Nelson Elected 2025 NAPA Chairman
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) Regional Vice President and President of Lehman-Roberts Company, Pat Nelson, has been elected National Asphalt Pavement Association's (NAPA) 2025 Chairman of the Board. Pat's term began by taking the Oath of Office at NAPA's Annual Meeting on February 3. Lehman-Roberts, a Granite Company, was a founding member of NAPA 70 years ago, and Pat's steady involvement in NAPA has spanned two decades. He has served the association in numerous capa.
Positive
Seeking Alpha
3 weeks ago
Granite Construction: Still Attractive On Growth And Margin Expansion
Granite Construction has shown strong financial performance, with significant revenue and profit growth, driven by favorable conditions and acquisitions. Despite impressive gains, the stock is nearing a valuation where a downgrade to 'hold' might be necessary if outperformance continues. Management's guidance for 2027 suggests continued organic growth and margin expansion, indicating potential for further upside.
Neutral
Business Wire
3 weeks ago
Granite Announces Timing of Earnings Release and Investor Conference Call
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) will release financial results for the quarter ended December 31, 2024, before market opens on Thursday, February 13, 2025. The Company will host an investor conference call at 8:00 a.m. PT, Thursday, February 13, 2025. The Company invites investors to listen to a live audio webcast of the investor conference call on its Investor Relations website, investor.graniteconstruction.com. The investor conference call w.
Positive
Zacks Investment Research
4 weeks ago
Granite Wins $88M Project From Caltrans, Boosts CAP Growth
GVA receives a new $88 million project from the California Department of Transportation. Dive in to know more about the stock's new win.
Neutral
Business Wire
4 weeks ago
Granite Announces $88 Million Highway Safety Enhancement Project Near Lake Elsinore, California
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded an approximately $88 million contract by the California Department of Transportation (Caltrans) to improve a section of Ortega Highway State Route 74 (SR 74). Project funding will come from state and federal sources and the project will be included in Granite's first-quarter CAP. The project scope includes widening the shoulders and roadway, allowing for the installation of centerline and edge line rumble strips. These en.
Positive
Zacks Investment Research
1 month ago
Granite Wins $71M Fort Bliss Contract to Expand Rail Yard
GVA expands its government contracts with a Fort Bliss project.
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