Granite Construction
GVA

$68.83

3.69%

Market Cap: 3.04B

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

Industrials Heavy Construction Other Than Building Construction Contractors

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 3 analysts

0

News positive %

of 10 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

1,882% more call options, than puts

Call options by funds: $22.8M | Put options by funds: $1.15M

100% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 2 (+1) [Q1 2024]

68% more first-time investments, than exits

New positions opened: 47 | Existing positions closed: 28

11% more capital invested

Capital invested by funds: $2.36B [Q4 2023] → $2.63B (+$269M) [Q1 2024]

8% more funds holding

Funds holding: 234 [Q4 2023] → 253 (+19) [Q1 2024]

0.66% less ownership

Funds ownership: 105.6% [Q4 2023] → 104.94% (-0.66%) [Q1 2024]

23% less repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 94

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Research analyst outlook

3 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$50

27%

downside

Avg. target

$59

14%

downside

High target

$64

7%

downside

3 analyst ratings

2 positive

67%

0 neutral

0%

1 negative

33%

Goldman Sachs Jerry Revich	27%downside $50	Sell Maintained	16 Apr 2024
DA Davidson Brent Thielman	7%downside $64	Buy Maintained	11 Mar 2024
DA Davidson Brent Thielman	7%downside $64	Buy Maintained	27 Feb 2024

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Financial journalist opinion

Based on 10 articles about GVA published over the past 30 days

Zacks Investment Research

Granite (GVA) Boosts Backlog With $27M Project by Caltrans

Granite (GVA) bags a $27-million project by Caltrans to enhance safety and driving conditions on SR33 in California.

Granite (GVA) Boosts Backlog With $27M Project by Caltrans

Granite to Enhance Safety and Efficiency on Iconic SR33 in Kern County, California

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded an approximately $27 million contract by the California Department of Transportation (Caltrans) to widen shoulders and resurface a 19-mile stretch of State Route 33 (SR33) in Kern County, California. Project funding to come from Caltrans and was included in Granite's second-quarter CAP. Spanning 19 miles from the SR33/SR46 intersection at Blackwells Corner to just north of McKittrick, the project will enhance road safety.

Granite to Enhance Safety and Efficiency on Iconic SR33 in Kern County, California

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 June 30, 2024, before market opens on Thursday, August 1, 2024. The Company will host an investor conference call at 8:00 a.m. PT, Thursday, August 1, 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 will also b.

Granite Announces Timing of Earnings Release and Investor Conference Call

Granite's Jorge Quezada selected to Diversity MBA's list of Top 25 Outstanding Leadership and Diversity Impact Awards

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite's (NYSE:GVA) Chief Diversity Officer, Jorge Quezada, has been selected to Diversity MBA's list of Top 25 Outstanding Leadership and Diversity Impact Awards. This award honors 25 pioneers, change makers, and community leaders. It recognizes and uplifts those who have distinguished themselves in the field of diversity, have been a presence on recognizable boards, or have done outstanding work in terms of giving back to their communities. They are role.

Granite's Jorge Quezada selected to Diversity MBA's list of Top 25 Outstanding Leadership and Diversity Impact Awards

Zacks Investment Research

Granite (GVA) & Kraemer JV Wins $113M Project in Michigan

The joint venture of Granite (GVA) with Kraemer North America secures a $113 million project from MDOT in Michigan.

Granite (GVA) & Kraemer JV Wins $113M Project in Michigan

Granite Embarks on Multimodal Pathway in the Coachella Valley

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded an approximately $20 million contract by the Coachella Valley Association of Governments (CVAG) to construct the next segment of what will ultimately be a 40-mile pathway in Southern California from Palm Springs to Thermal. This project completes segments in the cities of Palm Springs and Cathedral City. Project funding comes from CVAG and will be included in Granite's second-quarter CAP. The multimodal pathway will provi.

Granite Embarks on Multimodal Pathway in the Coachella Valley

Lehman-Roberts, a Granite Company, Spearheads Infrastructure Upgrade

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced Lehman-Roberts, a Granite company, has been selected as a subcontractor by Dement Construction Company, LLC on a project for the Tennessee Department of Transportation (TDOT) in the ongoing infrastructure upgrade project where Interstate 22 terminates into State Route 4 (SR 4) and U.S. Route 78 (US 78) southeast of downtown Memphis. Funded by Federal and TDOT funds, Lehman-Roberts' portion of the contract is approximately $21 mi.

Lehman-Roberts, a Granite Company, Spearheads Infrastructure Upgrade

Zacks Investment Research

Granite (GVA) Wins $16M Contract to Lift Salinas Traffic Flow

Granite's (GVA) new $16 million contract aims to boost traffic efficiency and safety in Salinas, reflecting its strategic local market focus.

Granite (GVA) Wins $16M Contract to Lift Salinas Traffic Flow

Granite Joint Venture to Remove and Replace Lafayette Bascule Bridge in Bay City, Michigan

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced that the GKJV-II joint venture team comprised of Granite and Kraemer North America will remove and replace the Lafayette Bascule Bridge in Michigan. The contract worth approximately $113 million was awarded the Michigan Department of Transportation (MDOT). The project will be funded by the Federal Highway Administration (FHWA) and MDOT and will be included in Granite's second-quarter CAP. The project will leverage the team's exp.

Granite Joint Venture to Remove and Replace Lafayette Bascule Bridge in Bay City, Michigan

Granite to Improve Traffic Flow and Safety in Salinas, California

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded an approximately $16 million contract by the City of Salinas to improve traffic flow on a key thoroughfare between residential areas and Highway 101. This project will enhance safety for pedestrians and bicyclists commuting to and from the adjacent elementary school. Granite will widen East Boronda Road into a four-lane roadway (two lanes in each direction) and construct a multi-lane roundabout at the McKinnon Street inte.

Granite to Improve Traffic Flow and Safety in Salinas, California

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