Should I buy or sell Granite Construction stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Granite Construction in the last twelve months. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" GVA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GVA, but not buy additional shares or sell existing shares. View GVA analyst ratings or view top-rated stocks .

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

2 equities research analysts have issued 12-month price objectives for Granite Construction's stock. Their GVA share price targets range from $50.00 to $64.00. On average, they expect the company's stock price to reach $57.00 in the next year. This suggests a possible upside of 6.2% 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 beginning of 2024. Since then, GVA stock has increased by 5.5% and is now trading at $53.68. View the best growth stocks for 2024 here .

When is Granite Construction's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. View our GVA earnings forecast .

How can I listen to Granite Construction's earnings call?

Granite Construction will be holding an earnings conference call on Thursday, May 2nd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "5065393".

How were Granite Construction's earnings last quarter?

Granite Construction Incorporated (NYSE:GVA) announced its quarterly earnings data on Thursday, February, 22nd. The construction company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period in the prior year, the firm posted $0.56 EPS.

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

Granite Construction declared a quarterly dividend on Tuesday, March 12th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.13 per share on Monday, April 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Wednesday, March 27th. 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 0.96%. The dividend payout ratio is 68.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GVA will have a dividend payout ratio of 10.14% next year. This indicates that the company will be able to sustain or increase its dividend. 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) , Invesco S&P SmallCap Industrials ETF (PSCI) , Innovator IBD Breakout Opportunities ETF (BOUT) and Timothy Plan US Small Cap Core ETF (TPSC) . SPDR S&P 600 Small Cap ETF (SLY) .

What guidance has Granite Construction issued on next quarter's earnings?

Granite Construction issued an update on its FY 2024 earnings guidance on Thursday, February, 22nd. The company provided earnings per share (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 a variety of retail and institutional investors. Top institutional shareholders include Hennessy Advisors Inc. (0.25%), Los Angeles Capital Management LLC (0.05%), Toth Financial Advisory Corp (0.03%), Wealthcare Advisory Partners LLC (0.01%), Westend Capital Management LLC (0.01%) and Riverview Trust Co (0.00%). 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 .

NYSE:GVA

Granite Construction (GVA) Stock Price, News & Analysis

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$53.69

-0.13 (-0.24%)

(As of 04/18/2024 ET)

Compare

Today's Range: $53.30
▼
$54.52
50-Day Range: $47.23
▼
$57.34
52-Week Range: $33.74
▼
$57.93

Volume: 258,257 shs
Average Volume: 376,613 shs
Market Capitalization: $2.36 billion

P/E Ratio: 70.64
Dividend Yield: 0.97%
Price Target: $57.00

Get Granite Construction alerts:

Granite Construction MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 6.2% Upside
$57.00 Price Target
Short Interest: Bearish
9.58% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.65
Based on 9 Articles This Week
Insider Trading: Selling Shares
$63,150 Sold Last Quarter
Proj. Earnings Growth: 19.58%
From $4.29 to $5.13 Per Share

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.

0.81 out of 5 stars

Construction Sector

93rd out of 100 stocks

Heavy Construction, Except Building Construction - Contractors Industry

9th out of 9 stocks

1.0

Analyst's Opinion

Consensus Rating
Granite Construction has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, no hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Granite Construction has only been the subject of 2 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
9.58% of the float of Granite Construction has been sold short.
Short Interest Ratio / Days to Cover
Granite Construction has a short interest ratio ("days to cover") of 10.9, which indicates bearish sentiment.
Change versus previous month
Short interest in Granite Construction has recently decreased by 3.93%, indicating that investor sentiment is improving.

1.7

Dividend Strength

Dividend Yield
Granite Construction has a dividend yield of 0.96%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Granite Construction does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Granite Construction is 68.42%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Granite Construction will have a dividend payout ratio of 10.14% next year. This indicates that Granite Construction will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for GVA.

2.6

News and Social Media Coverage

News Sentiment
Granite Construction has a news sentiment score of 0.65. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.55 average news sentiment score of Construction companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Granite Construction this week, compared to 4 articles on an average week.
Search Interest
Only 1 people have searched for GVA on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Granite Construction to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Granite Construction insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $63,150.00 in company stock.
Percentage Held by Insiders
Only 0.54% of the stock of Granite Construction is held by insiders.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Granite Construction are expected to grow by 19.58% in the coming year, from $4.29 to $5.13 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Granite Construction is 70.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of Granite Construction is 70.63, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 17.58.
Price to Book Value per Share Ratio
Granite Construction has a P/B Ratio of 2.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Granite Construction Stock (NYSE:GVA)

Granite Construction Incorporated operates as an infrastructure contractor in the United States. It 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 and water-related construction for municipal agencies, commercial water suppliers, industrial facilities, and energy companies; and construction of various complex projects, including infrastructure/site development, mining, public safety, tunnel, solar storage, and power related projects. The Materials segment is involved in the production of aggregates, asphalt concrete, liquid asphalt, and recycled materials production for internal use in our construction projects and sale to third parties. It also offers site preparation, mining, and infrastructure services for residential development, energy development, commercial and industrial sites, railways, residential development, and energy development; 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. Granite Construction Incorporated was incorporated in 1922 and is headquartered in Watsonville, California.

GVA Stock Price History

30 days | 90 days | 365 days | Advanced Chart

GVA Stock News Headlines

April 18, 2024 | businesswire.com

Granite VP Joins NAPA Advisory Council

April 18, 2024 | americanbankingnews.com

Critical Analysis: Granite Construction (NYSE:GVA) versus Shimmick (NASDAQ:SHIM)

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 17, 2024 | americanbankingnews.com

Granite Construction (NYSE:GVA) Price Target Increased to $50.00 by Analysts at The Goldman Sachs Group

April 15, 2024 | businesswire.com

Granite Announces Timing of Earnings Release and Investor Conference Call

April 12, 2024 | finance.yahoo.com

Returns At Granite Construction (NYSE:GVA) Appear To Be Weighed Down

April 11, 2024 | finance.yahoo.com

Granite Construction Honored as a 2024 VETS Indexes 4-Star Employer

April 11, 2024 | businesswire.com

Granite Construction Honored as a 2024 VETS Indexes 4-Star Employer

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

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March 31, 2024 | finance.yahoo.com

25 Cities with the Least Amount of Time Lost to Traffic

March 28, 2024 | yahoo.com

New York quarry granite used to build new wall near Obie bronze statue in Massillon

March 26, 2024 | msn.com

Man caught in the act during burglary of Granite Bay church, sheriff's office says

March 22, 2024 | finance.yahoo.com

Granite Construction Incorporated (NYSE:GVA) Is About To Go Ex-Dividend, And It Pays A 0.9% Yield

March 20, 2024 | finance.yahoo.com

GVA Jun 2024 50.000 call

March 16, 2024 | finance.yahoo.com

GVA Apr 2024 55.000 call

March 13, 2024 | businesswire.com

Granite Earns its Fourth Consecutive Early Talent Award from Handshake

March 13, 2024 | finance.yahoo.com

Rock-Solid Demand Goes Beyond AI Stocks Like Nvidia. Here's Proof.

March 13, 2024 | finance.yahoo.com

Should You Add Granite Construction (GVA) to Your Portfolio?

March 13, 2024 | msn.com

Construction complete on first building for new Stone County High School campus

March 12, 2024 | businesswire.com

Granite Declares Quarterly Dividend

March 12, 2024 | finance.yahoo.com

25 Countries with the Most Beautiful Roads in the World

March 6, 2024 | cnn.com

Granite Construction Incorporated

March 5, 2024 | finance.yahoo.com

Granite Construction (NYSE:GVA) delivers shareholders favorable 12% CAGR over 3 years, surging 4.0% in the last week alone

February 28, 2024 | businesswire.com

NAPA Recognizes Granite Construction With 97 Awards and Commendations

February 23, 2024 | finance.yahoo.com

Granite Construction Incorporated (NYSE:GVA) Q4 2023 Earnings Call Transcript

February 23, 2024 | finance.yahoo.com

Q4 2023 Granite Construction Inc Earnings Call

February 22, 2024 | finanznachrichten.de

Granite Construction Incorporated Reports Fourth Quarter and FY 2023 Results

See More Headlines

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Company Calendar

Last Earnings: 2/22/2024
Ex-Dividend for 4/15 Dividend: 3/27/2024
Dividend Payable: 4/15/2024
Today: 4/18/2024
Next Earnings (Confirmed): 5/02/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Construction
Industry: Heavy construction, except building construction - contractors
Sub-Industry: Construction & Engineering
Current Symbol: NYSE:GVA
CUSIP: 38732810
CIK: 861459
Web: www.graniteconstruction.com
Phone: (831) 724-1011
Fax: 831-761-7871
Employees: 2,100
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $57.00
High Stock Price Target: $64.00
Low Stock Price Target: $50.00
Potential Upside/Downside: +6.2%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.76
Trailing P/E Ratio: 70.63
Forward P/E Ratio: 12.51
P/E Growth: N/A
Net Income: $43.60 million
Net Margins: 1.24%
Pretax Margin: 1.71%
Return on Equity: 14.15%
Return on Assets: 5.67%

Debt

Debt-to-Equity Ratio: 0.60
Current Ratio: 1.60
Quick Ratio: 1.49

Sales & Book Value

Annual Sales: $3.51 billion
Price / Sales: 0.67
Cash Flow: $5.27 per share
Price / Cash Flow: 10.18
Book Value: $23.38 per share
Price / Book: 2.30

Miscellaneous

Outstanding Shares: 43,970,000
Free Float: 43,735,000
Market Cap: $2.36 billion
Optionable: Optionable
Beta: 1.46

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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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

GVA Stock Analysis - Frequently Asked Questions

Should I buy or sell Granite Construction stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Granite Construction in the last twelve months. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" GVA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GVA, but not buy additional shares or sell existing shares.
View GVA analyst ratings or view top-rated stocks.
What is Granite Construction's stock price target for 2024?: 2 equities research analysts have issued 12-month price objectives for Granite Construction's stock. Their GVA share price targets range from $50.00 to $64.00. On average, they expect the company's stock price to reach $57.00 in the next year. This suggests a possible upside of 6.2% 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 beginning of 2024. Since then, GVA stock has increased by 5.5% and is now trading at $53.68.
View the best growth stocks for 2024 here.
When is Granite Construction's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our GVA earnings forecast.
How can I listen to Granite Construction's earnings call?: Granite Construction will be holding an earnings conference call on Thursday, May 2nd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "5065393".
How were Granite Construction's earnings last quarter?: Granite Construction Incorporated (NYSE:GVA) announced its quarterly earnings data on Thursday, February, 22nd. The construction company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period in the prior year, the firm posted $0.56 EPS.
How often does Granite Construction pay dividends? What is the dividend yield for Granite Construction?: Granite Construction declared a quarterly dividend on Tuesday, March 12th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.13 per share on Monday, April 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Wednesday, March 27th.
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 0.96%. The dividend payout ratio is 68.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GVA will have a dividend payout ratio of 10.14% next year. This indicates that the company will be able to sustain or increase its dividend.
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), Invesco S&P SmallCap Industrials ETF (PSCI), Innovator IBD Breakout Opportunities ETF (BOUT) and Timothy Plan US Small Cap Core ETF (TPSC).SPDR S&P 600 Small Cap ETF (SLY).
What guidance has Granite Construction issued on next quarter's earnings?: Granite Construction issued an update on its FY 2024 earnings guidance on Thursday, February, 22nd. The company provided earnings per share (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 a variety of retail and institutional investors. Top institutional shareholders include Hennessy Advisors Inc. (0.25%), Los Angeles Capital Management LLC (0.05%), Toth Financial Advisory Corp (0.03%), Wealthcare Advisory Partners LLC (0.01%), Westend Capital Management LLC (0.01%) and Riverview Trust Co (0.00%). 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 4/18/2024 by MarketBeat.com Staff

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Granite Construction (GVA) Stock Price, News & Analysis

Granite Construction MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Granite Construction Stock (NYSE:GVA)

GVA Stock Price History

GVA Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

GVA Stock Analysis - Frequently Asked Questions

Overall MarketRank^™