GVA - Granite Construction Incorporated

NYSE - NYSE Delayed Price. Currency in USD
26.31
+0.92 (+3.62%)
At close: 4:02PM EST

26.31 0.00 (0.00%)
After hours: 4:45PM EST

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Previous Close25.39
Open25.56
Bid26.29 x 800
Ask26.29 x 1100
Day's Range25.51 - 26.55
52 Week Range22.55 - 49.03
Volume962,039
Avg. Volume885,281
Market Cap1.2B
Beta (3Y Monthly)1.30
PE Ratio (TTM)N/A
EPS (TTM)-2.26
Earnings DateFeb 18, 2020 - Feb 24, 2020
Forward Dividend & Yield0.52 (2.05%)
Ex-Dividend Date2019-12-30
1y Target Est33.80
  • Business Wire

    Granite Awarded $14 Million Site Development Project in Illinois

    Granite (NYSE:GVA) announced today that its wholly-owned subsidiary, Kenny Construction Company ("Kenny"), has been awarded a $14 million contract by Fermi Research Alliance, LLC for Long-Baseline Neutrino Facility (LBNF) Near Site Conventional Facilities (NSCF) Site Preparation Project at the Fermi National Accelerator Laboratory (Fermilab) in Batavia, Illinois.

  • GVA Investor Notice: Lawsuit against Granite Construction Incorporated announced by Shareholders Foundation
    Newsfile

    GVA Investor Notice: Lawsuit against Granite Construction Incorporated announced by Shareholders Foundation

    San Diego, California--(Newsfile Corp. - December 10, 2019) - The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in Granite Construction Incorporated (NYSE: GVA) shares.Investors, who purchased shares of Granite Construction Incorporated (NYSE: GVA), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.On August 13, 2019, a lawsuit was filed against Granite Construction Incorporated over alleged securities laws violations. The plaintiff alleges ...

  • Business Wire

    Granite Completes Early Work for Construction Manager/General Contractor Cosumnes Bridge Project in California

    Granite (NYSE:GVA) announced today that it has completed the early work portion of the Construction Manager/General Contractor (CM/GC) contract of the Cosumnes Bridge Replacement Project with the California Department of Transportation (Caltrans) in Sacramento County, California. This CM/GC early work is the first part of a phased delivery of the overall $158 million project to complete critical work before winter rain.

  • Business Wire

    Granite Declares Quarterly Dividend

    Granite Construction Incorporated (NYSE: GVA) announced today that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable on January 15, 2020, to all shareholders of record at the close of business on December 31, 2019.

  • Business Wire

    Granite Awarded $10 Million Stormwater Channel Improvement Project in California

    Granite (GVA) announced today that it has been awarded a $10 million contract by the Coachella Valley Water District (CVWD) for the Coachella Valley Stormwater Channel Avenue 62 to Avenue 64 Bank Protection and Fillmore Ditch Outfall Improvement Project in Coachella, California. Granite will place concrete lining on the bank of the Coachella Valley Stormwater Channel for approximately one mile. When complete, the concrete lining will help to protect facilities and buildings adjacent to the channel from flood damage as well as prevent the bank from eroding during flooding.

  • American City Business Journals

    Virgin Trains' Orlando expansion contractor to add 80 jobs

    A contractor for Virgin Trains USA's $4 billion Orlando-to-West Palm route plans to ramp up its hiring during the next four months. Watsonville, California-based Granite Construction Inc. (NYSE: GVA) will hire up to 80 workers for its work on the Miami-based intercity train's extension, which started construction in May and is set to be completed in 2022. Granite's scope of work includes work in Zone 3 of construction, which includes more than 35 miles of new track between Orlando and Cocoa.

  • Business Wire

    Granite Awarded $19 Million CMAR Dam Project in Nevada

    Granite (GVA) announced today it has been awarded a $19 million Construction Manager at Risk (CMAR) contract by Farmers Conservation Alliance (FCA) for the construction of the Derby Dam Fish Screen in Sparks, Nevada. In line with its commitment to create sustainable infrastructure solutions, Granite is responsible for the construction of the Derby Dam fish screen which will restore watershed connectivity and support fish movement along the Truckee River. Scope of work includes the excavation of 60,000 cubic yards of soil, the use of 6,000 cubic yards of structural concrete, and the installation of eight control gates and five horizontal fish screens provided by FCA.

  • Business Wire

    Granite Awarded $14 Million Airfield Improvement Project in California

    Granite announced today it was awarded task orders totaling $14 million by Naval Facilities Engineering Command, Southwest, San Diego, California under a multiple award construction contract to repair taxiway India at Naval Base Coronado.

  • Insider Buying: The Granite Construction Incorporated (NYSE:GVA) Independent Chairman of the Board Just Bought US$109k Worth Of Shares
    Simply Wall St.

    Insider Buying: The Granite Construction Incorporated (NYSE:GVA) Independent Chairman of the Board Just Bought US$109k Worth Of Shares

    Investors who take an interest in Granite Construction Incorporated (NYSE:GVA) should definitely note that the...

  • The Top 5 Buys of T Boone Pickens' BP Capital
    GuruFocus.com

    The Top 5 Buys of T Boone Pickens' BP Capital

    Firm of the late oil tycoon releases 3rd-quarter portfolio Continue reading...

  • Barrons.com

    The S&P 500 Hit a Record High. Investors Are Bearish. That’s a Recipe for More Gains.

    “When the public has viewed a new high in the market with skepticism (more bears than bulls), the S&P has seen gains over the next year every single time,” Bespoke Investment Group says.

  • Business Wire

    Granite Construction Incorporated Prices $200 Million Convertible Senior Notes Offering

    Granite Construction Incorporated (GVA) (“Granite”) today announced the pricing of its offering of $200 million aggregate principal amount of 2.75% Convertible Senior Notes due 2024 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Granite also granted the initial purchasers of the notes an option to purchase up to an additional $30 million aggregate principal amount of notes.

  • Business Wire

    Granite Awarded $25 Million Airport Taxiway Project in Southern California

    Granite (GVA) announced today it has been awarded a $25 million airport taxiway contract by Los Angeles World Airports for the Van Nuys Airport Taxiway A Rehabilitation - Phase 2 project. Granite’s scope of work includes the replacement of taxiway pavement, shoulder pavement and taxiway lighting system. Approximately 30,000 tons of base materials will be supplied by Granite’s Littlerock and Big Rock Facilities.

  • Business Wire

    Granite Construction Incorporated Announces Proposed Offering of $200 Million of Convertible Senior Notes Due 2024

    Granite Construction Incorporated (GVA) (“Granite”) today announced its intention to offer, subject to market and other conditions, $200 million aggregate principal amount of Convertible Senior Notes due 2024 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Granite expects to grant the initial purchasers of the notes an option to purchase up to an additional $30 million aggregate principal amount of notes.

  • Is Granite Construction (NYSE:GVA) Weighed On By Its Debt Load?
    Simply Wall St.

    Is Granite Construction (NYSE:GVA) Weighed On By Its Debt Load?

    Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

  • MarketWatch

    Granite Construction's stock suffers record selloff after another earnings miss, downbeat outlook

    Shares of Granite Construction Inc. plunged 33% toward a 7-year low in morning trading, putting them on track for the biggest one-day selloff since the construction materials company went public in April 1990, after earnings missed expectations for a sixth-straight quarter. The stock was also the biggest decliner listed on major U.S. exchanges. Before the open, the Granite reported net income that fell to $20.5 million, or 43 cents a share, from $55.7 million, or $1.17 a share, in the year-ago period, well below the FactSet EPS consensus for a rise to $1.37. The company said ongoing disputes from the Heavy Civil business had a "distorted impact" on cash flow and earnings. Revenue rose 3.1% to $1.09 billion, but missed the FactSet consensus of $1.16 billion, as strength in water and specialty revenue was offset by weakness in transportation and materials revenue. The company didn't provide guidance for the rest of the year, but said it expects 2020 revenue growth in the "mid-single digit" percentage range, while the current FactSet consensus of $3.85 billion implies 8.4% growth. The stock has shed 39% year to date, while the S&P 500 has gained 20%.

  • Granite Veteran James D. Richards to Lead Heavy Civil Group
    Business Wire

    Granite Veteran James D. Richards to Lead Heavy Civil Group

    Granite Construction Incorporated today announced that James D. Richards , a 28-year veteran with the Company, will serve as Senior Vice President of the Heavy Civil Group.

  • Is Granite Construction Incorporated (GVA) Going To Burn These Hedge Funds ?
    Insider Monkey

    Is Granite Construction Incorporated (GVA) Going To Burn These Hedge Funds ?

    We are still in an overall bull market and many stocks that smart money investors were piling into surged through October 17th. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 45% and 39% respectively. Hedge funds' top 3 stock picks returned 34.4% this year and beat the S&P […]

  • Construction Stock Q3 Earnings Due on Oct 25: WY, ROCK, GVA
    Zacks

    Construction Stock Q3 Earnings Due on Oct 25: WY, ROCK, GVA

    A rebound in housing market, strong construction activity and higher defense spending are likely to reflect in Q3 earnings amid higher material and transportation costs.

  • Why Granite Construction (GVA) Might Surprise This Earnings Season
    Zacks

    Why Granite Construction (GVA) Might Surprise This Earnings Season

    Granite Construction (GVA) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings.

  • Business Wire

    Granite Awarded $15 Million Airfield Improvement Project in North Carolina

    Granite (GVA) announced today that GWWH, the joint venture team comprised of Granite, Webcor Construction LP, Weeks Marine, Inc., and Healy Tibbitts Builders, Inc. has been awarded a $15 million design build contract by the United States Coast Guard (USCG) for the Recapitalize Airfield Pavements and Airfield Lighting Project in Elizabeth City, North Carolina.

  • Caltrans breaks ground on $158 million bridge project on Highway 99
    American City Business Journals

    Caltrans breaks ground on $158 million bridge project on Highway 99

    The California Department of Transportation and Granite Construction Inc. broke ground last week on a three-year, $158 million bridge project on State Route 99 south of Elk Grove.

  • GlobeNewswire

    Lawsuit for Investors in Granite Construction Incorporated (GVA) shares announced by Shareholders Foundation

    The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in Granite Construction Incorporated (GVA) shares. Investors, who purchased shares of Granite Construction Incorporated (GVA), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The plaintiff alleges that the Defendants made false and/or misleading statements and/or failed to disclose: that the Company had assumed certain risks in connection with its heavy civil joint venture projects bid between 2012 and 2014, that there was an “untenable” imbalance of risk sharing between the Company and the joint venture project owners, that, as a result, the Company was reasonably likely to incur additional project costs for its joint venture projects, the Company was reasonably likely to incur additional costs in connection with certain project disputes, and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects and prospects were materially misleading and/or lacked a reasonable basis.

  • Granite Officially Certified as a Great Place to Work®
    Business Wire

    Granite Officially Certified as a Great Place to Work®

    Granite (GVA) today announced its recognition as a Great Place to Work-Certified™ company by Great Place to Work®, the global authority on workplace culture. Certification is a significant achievement based on validated employee feedback gathered with Great Place to Work’s rigorous, data-driven methodology that confirms 7 out of 10 employees have a consistently positive experience at Granite. “We are very proud to once again be certified as a Great Place to Work,” says James H. Roberts, Granite President and CEO.