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Granite Construction (GVA)
NYSE:GVA
Granite Construction (GVA) Stock Price & Analysis
218 Followers
GVA Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$33.58 - $64.33
Previous Close$62.21
Volume224.69K
Average Volume (3M)400.98K
Market Cap
$2.75B
Enterprise Value$2.92B
Total Cash (Recent Filing)$323.40M
Total Debt (Recent Filing)$447.46M
Price to Earnings (P/E)132.9
Beta1.14
Next Earnings
Jul 25, 2024EPS Estimate
$1.33Last Dividend Ex-Date
Mar 27, 2024Dividend Yield0.83%
Share Statistics
EPS (TTM)0.47
Shares Outstanding44,151,073
10 Day Avg. Volume528,718
30 Day Avg. Volume400,975
Standard Deviation0.13
R-Squared0.36
Alpha-0.00182
Financial Highlights & Ratios
Price to Book (P/B)3.86
Price to Sales (P/S)0.83
Price to Cash Flow (P/CF)4.60
P/FCF Ratio4.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.77
Enterprise Value/Gross Profit7.91
Enterprise Value/Ebitda28.38
Forecast
1Y Price Target
$55.00Price Target Upside-11.59% Downside
Rating ConsensusHold
Number of Analyst Covering2
Granite Construction News
PremiumCompany Announcements
Granite Construction CFO Retires, Successor Appointed
Bulls Say, Bears Say
Bulls Say
Corporate StrategyGVA has strategically restructured its operations to better align with its core segments, Construction and Materials, promising more streamlined reporting and efficiency.
Financial PerformanceGVA's first quarter results showed a notable improvement in cash flow due to enhanced receivables collection.
Growth StrategyGVA is actively pursuing mergers and acquisitions to expand its presence in new markets and complement its existing operations.
Bears Say
Financial Performance4Q adjusted EBITDA of $74 mn was below FactSet consensus of $81 mn and below GSe of $77 mn.
Operational IssuesThe results were impacted by $33 mn of charges related to an adjustment on the probable claim recovery estimates.
Stock ValuationPrice Target: $44.00 Price: $51.37 Downside: 14.3%.
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Ownership Overview
3.61% Insiders
37.28% Mutual Funds
57.79% Other Institutional Investors
1.32% Public Companies and
Individual Investors
GVA FAQ
What was Granite Construction’s price range in the past 12 months?
Granite Construction lowest stock price was $33.58 and its highest was $64.33 in the past 12 months.
What is Granite Construction’s market cap?
Currently, no data Available
When is Granite Construction’s upcoming earnings report date?
Granite Construction’s upcoming earnings report date is Jul 25, 2024 which is in 67 days.
How were Granite Construction’s earnings last quarter?
Granite Construction released its earnings results on May 02, 2024. The company reported -$0.7 earnings per share for the quarter, missing the consensus estimate of -$0.4 by -$0.3.
Is Granite Construction overvalued?
According to Wall Street analysts Granite Construction’s price is currently Overvalued.
Does Granite Construction pay dividends?
Granite Construction pays a Quarterly dividend of $0.13 which represents an annual dividend yield of 0.83%. See more information on Granite Construction dividends here
What is Granite Construction’s EPS estimate?
Granite Construction’s EPS estimate is $1.33.
How many shares outstanding does Granite Construction have?
Granite Construction has 44,151,073 shares outstanding.
What happened to Granite Construction’s price movement after its last earnings report?
Granite Construction reported an EPS of -$0.7 in its last earnings report, missing expectations of -$0.4. Following the earnings report the stock price went up 4.128%.
Which hedge fund is a major shareholder of Granite Construction?
Among the largest hedge funds holding Granite Construction’s share is Fisher Asset Management LLC. It holds Granite Construction’s shares valued at 10M.
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Granite Construction Stock Smart Score
Neutral
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Analyst Consensus
Hold
Average Price Target:
$55.00 (-11.59% Downside)
$55.00 (-11.59% Downside)
Blogger Sentiment
Bullish
GVA Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 17.4K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $45.9K over
the Last 3 Months
the Last 3 Months
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
68.94%
12-Months-Change
Fundamentals
Return on Equity
3.81%
Trailing 12-Months
Asset Growth
24.92%
Trailing 12-Months
Company Description
Granite Construction
Granite Construction, Inc. is a holding company, which engages in the provision of infrastructure solutions for public and private clients. It operates through the following segments: Transportation, Water, Specialty and Materials. The Transportation segment focuses on construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports and marine ports. The Water segment involves in water-related construction and water management solutions for municipal agencies, commercial water suppliers, industrial facilities and energy companies. It also provides trenchless cured-in-place pipe rehabilitation. The Specialty segment includes construction of various complex projects including infrastructure / site development, mining, public safety, tunnel and power projects. The Materials segment offers production of aggregates, asphalt and construction related materials as well as proprietary sanitary and storm water rehabilitation products including cured-in-place pipe felt and fiberglass-based lining tubes both for internal use and for sale to third parties. The company was founded in 1922 and is headquartered in Watsonville, CA.
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GVA Company Deck
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GVA Earnings Call
Q1 2024
0:00 / 0:00
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GVA Stock 12 Month Forecast
Average Price Target
$55.00
▼(-11.59% Downside)
Technical Analysis
Best Analysts Covering GVA
1 Year
1 Year Success Rate
8/15 ratings generated profit
1 Year Average Return
+0.05%
reiterated a buy rating 16 days ago
Copying Brent Thielman's trades and holding each position for 1 Year would result in 53.33% of your transactions generating a profit, with an average return of +0.05% per trade.
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