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Industrials - Engineering & Construction - NYSE - US
$ 95.61
-0.136 %
$ 4.18 B
Market Cap
40.86
P/E
1. INTRINSIC VALUE

Granite Construction Incorporated operates as an infrastructure contractor and a construction materials producer 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. It also focuses on water-related construction for municipal agencies, commercial water suppliers, industrial facilities, and energy companies. The company also constructs various complex projects, including infrastructure/site development, mining, public safety, tunnel, solar, and power projects. The Materials segment is involved in the production of aggregates and asphalt for internal use, as well as for sale to third parties.[ Read More ]

The intrinsic value of one GVA stock under the base case scenario is HIDDEN Compared to the current market price of 95.6 USD, Granite Construction Incorporated is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart GVA

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FINANCIALS
3.51 B REVENUE
6.30%
80.1 M OPERATING INCOME
-6.23%
43.6 M NET INCOME
-44.71%
184 M OPERATING CASH FLOW
230.13%
-316 M INVESTING CASH FLOW
-2772.64%
299 M FINANCING CASH FLOW
282.13%
1.28 B REVENUE
17.83%
104 M OPERATING INCOME
23.53%
-7.45 M NET INCOME
-20.20%
-22.1 M OPERATING CASH FLOW
-1010.31%
-157 M INVESTING CASH FLOW
-386.67%
-8.44 M FINANCING CASH FLOW
-10.64%
Balance Sheet Decomposition Granite Construction Incorporated
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Current Assets 1.64 B
Cash & Short-Term Investments 454 M
Receivables 862 M
Other Current Assets 328 M
Non-Current Assets 1.17 B
Long-Term Investments 92.9 M
PP&E 741 M
Other Non-Current Assets 336 M
Current Liabilities 1.03 B
Accounts Payable 408 M
Short-Term Debt 56.8 M
Other Current Liabilities 565 M
Non-Current Liabilities 757 M
Long-Term Debt 678 M
Other Non-Current Liabilities 78.4 M
EFFICIENCY
Earnings Waterfall Granite Construction Incorporated
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Revenue 3.51 B
Cost Of Revenue 3.11 B
Gross Profit 396 M
Operating Expenses 316 M
Operating Income 80.1 M
Other Expenses 36.5 M
Net Income 43.6 M
RATIOS
11.30% GROSS MARGIN
11.30%
2.28% OPERATING MARGIN
2.28%
1.24% NET MARGIN
1.24%
4.46% ROE
4.46%
1.55% ROA
1.55%
2.42% ROIC
2.42%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Granite Construction Incorporated
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Net Income 43.6 M
Depreciation & Amortization 92.3 M
Capital Expenditures -140 M
Stock-Based Compensation 10.5 M
Change in Working Capital 1.16 M
Others -56 M
Free Cash Flow 43.3 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Granite Construction Incorporated
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Wall Street analysts predict an average 1-year price target for GVA of $70 , with forecasts ranging from a low of $70 to a high of $70 .
GVA Lowest Price Target Wall Street Target
70 USD -26.79%
GVA Average Price Target Wall Street Target
70 USD -26.79%
GVA Highest Price Target Wall Street Target
70 USD -26.79%
4. DIVIDEND ANALYSIS
0.33% DIVIDEND YIELD
0.13 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Granite Construction Incorporated
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Sold
0-3 MONTHS
3.04 M USD 2
3-6 MONTHS
346 K USD 1
6-9 MONTHS
109 K USD 2
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
1 week ago
Nov 08, 2024
Sell 162 K USD
CAMPBELL MOLLY
Director
- 1670
96.71 USD
1 week ago
Nov 05, 2024
Sell 2.68 M USD
Larkin Kyle T
President & CEO
- 30000
89.28 USD
2 months ago
Aug 20, 2024
Sell 201 K USD
CAMPBELL MOLLY
Director
- 2810
71.43 USD
3 months ago
Aug 06, 2024
Sell 321 K USD
Tatusko Michael G
Senior Vice President
- 4644
69.21 USD
3 months ago
Aug 06, 2024
Sell 24.7 K USD
Tatusko Michael G
Senior Vice President
- 356
69.29 USD
6 months ago
May 07, 2024
Sell 45.9 K USD
Williams Bradley Jay
Senior Vice President
- 750
61.21 USD
8 months ago
Feb 27, 2024
Sell 63.2 K USD
CALDERA LOUIS E
Director
- 1263
50 USD
2 years ago
May 06, 2022
Sell 248 K USD
Larkin Kyle T
President & CEO
- 8000
31.06 USD
5 years ago
Nov 18, 2019
Bought 75.4 K USD
Jigisha Desai
Senior Vice President & CFO
+ 2900
26 USD
5 years ago
Nov 05, 2019
Bought 109 K USD
Bjork Claes
Director
+ 4000
27.19 USD
5 years ago
Nov 05, 2019
Bought 54.5 K USD
Jigisha Desai
Senior Vice President & CFO
+ 2000
27.27 USD
5 years ago
Sep 09, 2019
Bought 11.7 K USD
Galloway Patricia D
Director
+ 400
29.36 USD
5 years ago
Sep 06, 2019
Bought 99.9 K USD
Larkin Kyle T
Senior Vice President
+ 3500
28.54 USD
5 years ago
Aug 26, 2019
Bought 27 K USD
Jigisha Desai
Senior Vice President & CFO
+ 1000
27.05 USD
5 years ago
Aug 20, 2019
Bought 55.8 K USD
Roberts James Hildebrand
Director, President & CEO
+ 2000
27.9 USD
5 years ago
Aug 15, 2019
Bought 80.6 K USD
Roberts James Hildebrand
Director, President & CEO
+ 3000
26.85 USD
5 years ago
Aug 14, 2019
Bought 43.2 K USD
Jigisha Desai
Senior Vice President & CFO
+ 1556
27.75 USD
5 years ago
Aug 12, 2019
Bought 28.3 K USD
Jigisha Desai
Senior Vice President & CFO
+ 1000
28.33 USD
5 years ago
Aug 07, 2019
Bought 151 K USD
KELSEY DAVID H
Director
+ 5000
30.21 USD
5 years ago
Nov 27, 2018
Sell 57.8 K USD
Roberts James Hildebrand
Director, President & CEO
- 1100
52.55 USD
5 years ago
Nov 26, 2018
Sell 117 K USD
Roberts James Hildebrand
Director, President & CEO
- 2200
53.08 USD
6 years ago
Aug 14, 2018
Bought 288 K USD
Bjork Claes
Director
+ 6500
44.25 USD
6 years ago
Dec 13, 2017
Sell 79.7 K USD
Bjork Claes
Director
- 1264
63.0496 USD
7 years ago
Nov 10, 2017
Sell 198 K USD
Powell William Howard
Director
- 3103
63.8471 USD
7 years ago
Sep 01, 2017
Sell 222 K USD
Richards James D.
Senior Vice President
- 4000
55.5 USD
7 years ago
Jun 15, 2017
Sell 149 K USD
Powell William Howard
Director
- 3000
49.6 USD
7 years ago
Jun 09, 2017
Sell 453 K USD
Roberts James Hildebrand
Director, President & CEO
- 9016
50.19 USD
7 years ago
Jun 09, 2017
Sell 426 K USD
Roberts James Hildebrand
Director, President & CEO
- 8426
50.51 USD
7 years ago
May 15, 2017
Bought 9.7 K USD
Galloway Patricia D
Director
+ 200
48.48 USD
7 years ago
Mar 14, 2017
Sell 159 K USD
Krzeminski Laurel J
Executive Vice President & CFO
- 3174
50.11 USD
7 years ago
Dec 06, 2016
Sell 79.2 K USD
Bjork Claes
Director
- 1325
59.8 USD
8 years ago
Nov 15, 2016
Sell 290 K USD
Donnino Michael Francis
Senior Vice President
- 5000
58.0629 USD
8 years ago
Nov 09, 2016
Sell 217 K USD
Roberts James Hildebrand
Director, President & CEO
- 4175
52 USD
8 years ago
Nov 07, 2016
Sell 317 K USD
Roberts James Hildebrand
Director, President & CEO
- 6612
48 USD
8 years ago
Nov 04, 2016
Sell 151 K USD
Donnino Michael Francis
Senior Vice President
- 3241
46.7303 USD
8 years ago
Sep 07, 2016
Sell 325 K USD
Roberts James Hildebrand
Director, President & CEO
- 6612
49.1765 USD
8 years ago
Aug 09, 2016
Sell 56.9 K USD
KELSEY DAVID H
Director
- 1113
51.093 USD
8 years ago
Jun 03, 2016
Sell 648 K USD
DOREY WILLIAM GLENWOOD
Director
- 15000
43.18 USD
8 years ago
May 31, 2016
Sell 47 K USD
Roberts James Hildebrand
Director, President & CEO
- 1094
43.0027 USD
8 years ago
Jun 01, 2016
Sell 75 K USD
Roberts James Hildebrand
Director, President & CEO
- 1736
43.1861 USD
8 years ago
May 25, 2016
Sell 423 K USD
Roberts James Hildebrand
Director, President & CEO
- 10000
42.3311 USD
8 years ago
May 04, 2016
Sell 217 K USD
Donnino Michael Francis
Senior Vice President
- 5000
43.3871 USD
8 years ago
May 05, 2016
Sell 216 K USD
Donnino Michael Francis
Senior Vice President
- 5000
43.1309 USD
8 years ago
Mar 14, 2016
Sell 173 K USD
Donnino Michael Francis
Senior Vice President
- 4003
43.1958 USD
8 years ago
Mar 03, 2016
Sell 221 K USD
DOREY WILLIAM GLENWOOD
Director
- 5000
44.12 USD
8 years ago
Mar 03, 2016
Sell 220 K USD
DOREY WILLIAM GLENWOOD
Director
- 5000
44.0832 USD
8 years ago
Mar 03, 2016
Sell 220 K USD
DOREY WILLIAM GLENWOOD
Director
- 5000
44.0232 USD
8 years ago
Mar 01, 2016
Sell 211 K USD
KELSEY DAVID H
Director
- 5000
42.104 USD
8 years ago
Dec 09, 2015
Sell 69.8 K USD
Roberts James Hildebrand
Director, President & CEO
- 1685
41.4051 USD
8 years ago
Dec 09, 2015
Sell 105 K USD
Roberts James Hildebrand
Director, President & CEO
- 2543
41.4633 USD
8 years ago
Dec 07, 2015
Sell 1.07 K USD
Roberts James Hildebrand
Director, President & CEO
- 26
41.06 USD
8 years ago
Dec 07, 2015
Sell 8.24 K USD
Roberts James Hildebrand
Director, President & CEO
- 200
41.205 USD
8 years ago
Dec 07, 2015
Sell 79.2 K USD
Roberts James Hildebrand
Director, President & CEO
- 1930
41.0536 USD
8 years ago
Dec 01, 2015
Sell 21.6 K USD
KELSEY DAVID H
Director
- 527
41.032 USD
8 years ago
Nov 25, 2015
Sell 20.3 K USD
CUSUMANO GARY M
Director
- 505
40.1101 USD
9 years ago
Aug 05, 2015
Sell 704 K USD
MCDONALD REBECCA ANN
Director
- 20714
34 USD
9 years ago
Jun 11, 2015
Sell 66.3 K USD
Roberts James Hildebrand
Director, President & CEO
- 1772
37.4 USD
9 years ago
May 15, 2015
Sell 147 K USD
Roberts James Hildebrand
Director, President & CEO
- 3869
38 USD
9 years ago
May 18, 2015
Sell 166 K USD
Roberts James Hildebrand
Director, President & CEO
- 4359
38 USD
9 years ago
May 11, 2015
Sell 3.43 K USD
Powell William Howard
Director
- 90
38.16 USD
9 years ago
May 11, 2015
Sell 3.82 K USD
Powell William Howard
Director
- 100
38.15 USD
9 years ago
May 11, 2015
Sell 3.82 K USD
Powell William Howard
Director
- 100
38.17 USD
9 years ago
May 11, 2015
Sell 3.85 K USD
Powell William Howard
Director
- 100
38.5 USD
9 years ago
May 11, 2015
Sell 3.82 K USD
Powell William Howard
Director
- 100
38.1714 USD
9 years ago
May 11, 2015
Sell 3.82 K USD
Powell William Howard
Director
- 100
38.21 USD
9 years ago
May 11, 2015
Sell 3.82 K USD
Powell William Howard
Director
- 100
38.24 USD
9 years ago
May 11, 2015
Sell 3.82 K USD
Powell William Howard
Director
- 100
38.25 USD
9 years ago
May 11, 2015
Sell 3.83 K USD
Powell William Howard
Director
- 100
38.3 USD
9 years ago
May 11, 2015
Sell 3.83 K USD
Powell William Howard
Director
- 100
38.31 USD
9 years ago
May 11, 2015
Sell 3.83 K USD
Powell William Howard
Director
- 100
38.32 USD
9 years ago
May 11, 2015
Sell 3.84 K USD
Powell William Howard
Director
- 100
38.37 USD
9 years ago
May 11, 2015
Sell 3.84 K USD
Powell William Howard
Director
- 100
38.38 USD
9 years ago
May 11, 2015
Sell 3.84 K USD
Powell William Howard
Director
- 100
38.39 USD
9 years ago
May 11, 2015
Sell 3.84 K USD
Powell William Howard
Director
- 100
38.42 USD
9 years ago
May 11, 2015
Sell 7.66 K USD
Powell William Howard
Director
- 200
38.3 USD
9 years ago
May 11, 2015
Sell 11.5 K USD
Powell William Howard
Director
- 300
38.27 USD
9 years ago
May 12, 2015
Sell 375 K USD
Powell William Howard
Director
- 10000
37.5 USD
9 years ago
May 12, 2015
Sell 382 USD
Powell William Howard
Director
- 10
38.19 USD
9 years ago
May 11, 2015
Sell 191 K USD
Donnino Michael Francis
Senior Vice President
- 5000
38.2243 USD
9 years ago
May 08, 2015
Sell 70.6 K USD
KELSEY DAVID H
Director
- 1848
38.2046 USD
9 years ago
May 08, 2015
Sell 149 K USD
Roberts James Hildebrand
Director, President & CEO
- 3910
38.1405 USD
9 years ago
May 08, 2015
Sell 141 K USD
Roberts James Hildebrand
Director, President & CEO
- 3704
38.104 USD
9 years ago
May 08, 2015
Sell 146 K USD
Roberts James Hildebrand
Director, President & CEO
- 3840
38.028 USD
9 years ago
Mar 04, 2015
Sell 27.8 K USD
KELSEY DAVID H
Director
- 837
33.171 USD
9 years ago
Dec 10, 2014
Sell 289 K USD
Roberts James Hildebrand
Director, President & CEO
- 7983
36.25 USD
9 years ago
Dec 04, 2014
Sell 179 K USD
Richards James D.
Senior Vice President
- 5000
35.7944 USD
10 years ago
Aug 13, 2014
Sell 201 K USD
MCDONALD REBECCA ANN
Director
- 5849
34.4258 USD
10 years ago
Aug 13, 2014
Sell 35.6 K USD
MCDONALD REBECCA ANN
Director
- 1037
34.353 USD
10 years ago
Aug 07, 2014
Sell 332 K USD
Donnino Michael Francis
Senior Vice President
- 10000
33.1736 USD
10 years ago
Jun 09, 2014
Sell 43.5 K USD
Vasquez Gaddi H.
Director
- 1200
36.23 USD
10 years ago
Jun 05, 2014
Sell 89.1 K USD
Case Thomas Scott
Senior Vice President
- 2500
35.65 USD
10 years ago
Jun 06, 2014
Sell 90.8 K USD
Case Thomas Scott
Senior Vice President
- 2500
36.33 USD
10 years ago
May 12, 2014
Sell 92 K USD
Case Thomas Scott
Senior Vice President
- 2500
36.8 USD
10 years ago
Mar 07, 2014
Sell 1.54 M USD
DOREY WILLIAM GLENWOOD
Director
- 40000
38.5864 USD
7. News
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. seekingalpha.com - 1 day 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. zacks.com - 1 day 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. businesswire.com - 1 week 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. zacks.com - 1 week 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. zacks.com - 1 week 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. seekingalpha.com - 2 weeks 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. businesswire.com - 2 weeks ago
Granite's Southeast Home Market Expansion WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) continues to expand its home market strategy in the Southeast through various projects, leveraging its recent acquisitions of Lehman-Roberts, Memphis Stone & Gravel (MSG), and Dickerson & Bowen Inc. (D&B). The following projects demonstrate versatility in the construction and materials industry in the region: Olive Branch Airport taxiway rehabilitation, Mississippi: Lehman-Roberts was recently awarded this project which consis. businesswire.com - 2 weeks ago
Granite Construction: Still Cruising Higher Granite Construction has seen impressive stock growth, up 104.7% since my 'buy' recommendation in March 2023, outperforming the broader market significantly. Despite the massive rise, I maintain a soft 'buy' rating due to continued revenue growth and attractive pricing relative to peers. The company's strong performance is driven by increased public spending, favorable weather, and strategic acquisitions, with significant revenue and profit growth. seekingalpha.com - 2 weeks ago
Granite Announces Pavement Rehabilitation Project on SR 99 in Tulare, California WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded an approximately $21 million contract by the California Department of Transportation (Caltrans) to rehabilitate three miles of pavement on both the northbound and southbound lanes of State Route 99 (SR 99) through Tulare, California. Project funding is to come from federal sources and was included in Granite's third-quarter CAP. The existing pavement will be removed using cold planing and replaced with 56,300 tons of hot. businesswire.com - 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 September 30, 2024, before market opens on Thursday, October 31, 2024. The Company will host an investor conference call at 8:00 a.m. PT, Thursday, October 31, 2024. 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 wi. businesswire.com - 1 month ago
Granite and King County Metro Announce Atlantic Base Refurbishment Project WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE: GVA) announced the commencement of the approximately $45 million Atlantic Base Refurbishment (ABR) project in Seattle, Washington. This comprehensive initiative aims to modernize and enhance the infrastructure of King County Metro's (KCM) six-acre trolley bus parking and maintenance facility. “The General Contractor/Construction Manager (GC/CM) project delivery method chosen by KCM has facilitated a collaborative environment, enabling all pro. businesswire.com - 1 month ago
8. Profile Summary

Granite Construction Incorporated GVA

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COUNTRY US
INDUSTRY Engineering & Construction
MARKET CAP $ 4.18 B
Dividend Yield 0.33%
Description Granite Construction Incorporated operates as an infrastructure contractor and a construction materials producer 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. It also focuses on water-related construction for municipal agencies, commercial water suppliers, industrial facilities, and energy companies. The company also constructs various complex projects, including infrastructure/site development, mining, public safety, tunnel, solar, and power projects. The Materials segment is involved in the production of aggregates and asphalt for internal use, as well as for sale to third parties. In addition, it 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. The company 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 founded in 1922 and is headquartered in Watsonville, California.
Contact 585 West Beach Street, Watsonville, CA, 95076 https://www.graniteconstruction.com
IPO Date April 20, 1990
Employees 2100
Officers Mr. Timothy W. Gruber Senior Vice President of Human Resources Mr. Kyle T. Larkin President, Chief Executive Officer & Director Mr. James A. Radich Executive Vice President & Chief Operating Officer Ms. Erin Kuhlman Senior Vice President and Chief Marketing & Communications Officer Mr. Brian A. Dowd Senior Vice President of Construction Mr. Robert Chase Vice President of Corporate Development & Strategy Mr. Michael W. Barker Vice President of Investor Relations Ms. Staci M. Woolsey Executive Vice President & Chief Financial Officer Mr. Michael G. Tatusko Senior Vice President of Construction Ms. Kim Craig Senior Vice President of Corporate Finance & Treasurer