|Bid||0.01 x 800|
|Ask||58.58 x 1800|
|Day's Range||55.67 - 56.61|
|52 Week Range||47.05 - 68.58|
|PE Ratio (TTM)||27.88|
|Earnings Date||Jul 30, 2018 - Aug 3, 2018|
|Forward Dividend & Yield||0.52 (0.92%)|
|1y Target Est||76.89|
Granite (GVA) announced today that Kenny Construction Company, a wholly-owned subsidiary, has been awarded a $39 million interstate improvement contract by the Illinois Department of Transportation (IDOT) for the Westbound I-90 project in Chicago, Illinois.
Granite (NYSE: GVA) announced today that its board of directors appointed Kenneth B. Olson to the position of vice president, treasurer, assistant financial officer and assistant secretary, effective July 9, 2018. Olson succeeds, and will report to, Jigisha Desai who was recently appointed senior vice president and chief financial officer. Olson joined Granite in 2015 as assistant treasurer where he has been responsible for leading treasury operations including management of cash/debt operations and all leasing and derivatives, monitoring long-term debt, equity, cash and asset management, cash forecasting and investment strategy management.
Granite (GVA) announced today it has been awarded a $29 million contract by the Merced County Department of Public Works for an expressway construction project in Merced, California. Granite will construct an extension to the four-lane Campus Parkway expressway on the east side of the City of Merced to connect Highway 99 to the University of California, Merced.
Granite (GVA) announced today that its board of directors appointed Jigisha Desai to the position of senior vice president and chief financial officer (CFO), effective July 9, 2018. Desai will report to President and Chief Executive Officer, James H. Roberts, and will serve on the company’s executive committee. Desai has been with Granite for 25 years, serving most recently as vice president of corporate finance and treasurer where she has been responsible for leading all corporate finance and treasury functions: capital allocation, capital structure, treasury operations, debt and investment management and enterprise risk management as well as corporate development focusing on the company’s strategic plan through mergers and acquisitions.
Attractive stocks have exceptional fundamentals. In the case of Granite Construction Incorporated (NYSE:GVA), there’s is a financially-sound company with an impressive history and a buoyant future outlook. In the followingRead More...
NEW YORK, June 19, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ChromaDex ...
THE WOODLANDS, Texas, June 14, 2018 /PRNewswire/ -- Layne Christensen Company (LAYN) ("Layne" or the "Company"), a leading global water management, infrastructure services and drilling company, today announced that its merger with Granite Construction Incorporated (GVA) ("Granite") has now been completed. As a result of the transaction, Layne's common stock will no longer be traded on the Nasdaq Stock Market, effective immediately. All Layne shares will be exchanged for 0.27 Granite shares and be eligible for trading effective June 15, 2018. Layne is now a division of Granite.
Granite (GVA) today announced that it has completed its acquisition of Layne Christensen Company (LAYN), a leading global water management, infrastructure services and drilling company, for final consideration of approximately $536 million1, including the assumption of net debt. The completion of the transaction follows the satisfaction of all closing conditions, including approval of the merger by Layne stockholders. Under the terms of the Merger Agreement, Layne shareholders are to receive 5.62 million shares of Granite stock representing approximately 12% of Granite’s outstanding shares on a post-close basis.
The deal was valued at $565 million, including the assumption of debt, when it was announced in February. However, it was soon criticized by one of Layne’s biggest shareholders.
Granite (GVA) today announced that Layne shareholders voted to approve the adoption of the merger agreement with Granite at a special meeting of Layne’s shareholders held earlier today. Approximately 92 percent of all shares voted were cast in favor of adopting the merger agreement. Layne will file the final vote results on a Form 8-K with the Securities and Exchange Commission.
Granite (GVA) announced today its board of directors has elected a new chairman and appointed a new director. With the retirement of Chairman of the Board William H. Powell, current Board of Director Claes G. Bjork was elected chairman of the board, effective June 7, 2018. “Mr. Bjork’s experience as a global infrastructure leader, his deep industry knowledge, as well as his deep understanding of Granite’s business and competitive environment made him the ideal candidate to serve as the Company’s next chairman of the board,” said Granite President and Chief Executive Officer James H. Roberts.
Granite Construction Incorporated announced today that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable on July 13, 2018, to all shareholders of record at the close of business on June 29, 2018.
Another investor has come out against The Woodlands-based energy water management, construction and drilling company Layne Christensen Co.’s (Nasdaq: LAYN) upcoming $565 million merger with California-based Granite Construction Inc. (NYSE: GVA). Dallas-based Nokomis Capital LLC sent an open letter to Layne Christensen’s board of directors that said the merger process has been thus far “egregiously mishandled” and criticizing the management and board over the deal. Nokomis said it has a short position on Granite shares, which would likely pay off if the deal doesn't go through.
Granite Construction Incorporated (NYSE:GVA) trades with a trailing P/E of 28.1x, which is higher than the industry average of 18.3x. While this makes GVA appear like a stock to avoidRead More...
NEW YORK , May 17, 2018 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York ...
Granite (GVA) announced today it has been named by Forbes as one of America’s Best Mid-Size Employers for the third year in a row. The annual Forbes ranking honors employers based on an independent survey asking how likely employees would be to recommend their employer—and other employers in their respective industries—to someone else. “We owe this honor to our employees who are the heart and soul of our Company,” said Granite President and Chief Executive Officer, James H. Roberts.
Granite Construction Incorporated’s (NYSE:GVA) announced its latest earnings update in December 2017, which indicated that the company benefited from a strong tailwind, leading to a double-digit earnings growth of 20.97%.Read More...
NEW YORK, NY / ACCESSWIRE / April 30, 2018 / Granite Construction Incorporated (NYSE: GVA ) will be discussing their earnings results in their Q1 Earnings Call to be held on April 30, 2018 at 11:00 AM ...
The Watsonville, California-based company said it had a loss of 29 cents per share. Losses, adjusted for costs related to mergers and acquisitions, came to 13 cents per share. The contractor and construction ...
Granite Construction Incorporated today reported a net loss of $11.4 million for the quarter ended March 31, 2018, compared to a net loss of $23.8 million in the first quarter of 2017.
Granite announced today that it has been awarded a $27 million highway safety improvement project by the Alaska Department of Transportation & Public Facilities .
Granite Construction (GVA) is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat.