에 대한 최신 뉴스 Granite Construction (NYSE:GVA) 주식

Granite Construction

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.

Granite Construction Incorporated Common Stock

Granite Construction Inc

Golden Ventures Acquisition Corporation

Cambria Global Value ETF

CAMBRIA GLOBAL VALUE ETF

News

Contracts

Granite Awarded $113M Contract To Support U.S. Marines Relocation

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.graniteconstruction.com&amp;esheet=54118632&amp;newsitemid=20240910607489&amp;lan=en-US&amp;anchor=Granite&amp;index=1&amp;md5=74cb470d6c7b7675063dcf94585dffc2">Granite</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GVA#NYSE">GVA</a>) has been awarded an approximately $65 million contract by the Utah Department of Transportation (UDOT) to commence Phase 2 of the SR-30 Improvement Project in Logan, Utah. Project funding will come from UDOT and Federal funds and was included in Granite's second-quarter CAP.

Granite Announces $65M Phase 2 Of SR-30 Improvement Project In Logan, Utah From UDOT

Granite Awarded $32M Arlington Avenue Bridges Replacement Project By Regional Transportation Commission Of Washoe County

Project funding will come from Caltrans and was included in Granite&#39;s&nbsp;second-quarter&nbsp;CAP.&nbsp;The project is expected to begin in September 2024 and be completed in January 2026.

Granite Secures $45M Contract To Reconstruct And Modernize The John Wilkie Safety Roadside Rest Area Along I-40 Corridor By Caltrans

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.graniteconstruction.com&amp;esheet=54111730&amp;newsitemid=20240822641216&amp;lan=en-US&amp;anchor=Granite&amp;index=1&amp;md5=bd0ac588c50a863e0197ce4111ab76a3">Granite</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GVA#NYSE">GVA</a>) has been awarded an approximately $38 million contract (Segment 4E South) by the California Department of Transportation (Caltrans) to add peak-hour High Occupancy Vehicle (HOV) lanes and reconstruct all elements of the existing Highway 101 through southern Santa Barbara. Project funding is to come from Caltrans and local sources and was included in Granite's second-quarter CAP.

Granite Awarded ~$38M Sixth Highway 101 Mainline Segment To Alleviate Traffic Congestion In Santa Barbara, California

Disclosed on August 20, Molly Campbell, Director at Granite Construction (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GVA#NYSE">GVA</a>), executed a substantial insider sell as per the latest SEC filing.
What Happened: Campbell's recent Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000861459/000112760224022618//Archives/edgar/data/861459/000112760224022618/0001127602-24-022618-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday unveiled the sale of 2,810 shares of Granite Construction. The total transaction value is $200,718.
Granite Construction's shares are actively trading at $70.46, experiencing a up of 0.24% during Wednesday's morning session.
<h3>Unveiling the Story Behind Granite Construction</h3>
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.
<h3>Granite Construction: A Financial Overview</h3>
Positive Revenue Trend: Examining Granite Construction's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 20.47% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 15.22%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Granite Construction's EPS reflects a decline, falling below the industry average with a current EPS of 0.84.
</li>
</ul>
Debt Management: Granite Construction's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.88, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 34.97 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 0.98, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry benchmarks at 12.69, Granite Construction presents an attractive value opportunity.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
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<h3>Understanding the Significance of Insider Transactions</h3>
Insider transactions should be considered alongside other factors when making investment decisions, as they can offer important insights.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>A Closer Look at Important Transaction Codes</h3>
When it comes to transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S indicates a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000861459">Check Out The Full List Of Granite Construction's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Trading Ideas

Granite Construction Recent Insider Activity

Michael G Tatusko, Senior Vice President at Granite Construction (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GVA#NYSE">GVA</a>), reported an insider sell on August 6, according to a new SEC filing. 
What Happened: Tatusko's recent move involves selling 5,000 shares of Granite Construction. This information is documented in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000861459/000112760224021722//Archives/edgar/data/861459/000112760224021722/0001127602-24-021722-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday. The total value is $346,078.
Granite Construction's shares are actively trading at $68.95, experiencing a down of 0.0% during Wednesday's morning session.
<h3>About Granite Construction</h3>
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.
<h3>A Deep Dive into Granite Construction's Financials</h3>
Revenue Growth: Over the 3 months period, Granite Construction showcased positive performance, achieving a revenue growth rate of 20.47% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Insights into Profitability:
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 15.22%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Granite Construction's EPS is below the industry average. The company faced challenges with a current EPS of 0.84. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: Granite Construction's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.88, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
Understanding Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 34.3 is lower than the industry average, implying a discounted valuation for Granite Construction's stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a P/S ratio of 0.96 below industry standards, the stock shows potential undervaluation, making it an appealing investment option for those focusing on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Indicated by a lower-than-industry-average EV/EBITDA ratio of 12.47, the company suggests a potential undervaluation, which might be advantageous for value-focused investors.
</li>
</ul>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Navigating the Impact of Insider Transactions on Investments</h3>
Insider transactions are not the sole determinant of investment choices, but they are a factor worth considering.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>Deciphering Transaction Codes in Insider Filings</h3>
Navigating through the landscape of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, precisely detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000861459">Check Out The Full List Of Granite Construction's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Michael G Tatusko Takes Money Off The Table, Sells $346K In Granite Construction Stock

Goldman Sachs analyst Jerry Revich maintains Granite Construction (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GVA#NYSE">GVA</a>) with a Sell and raises the price target from $55 to $61.

Price Target

Analyst Ratings

Goldman Sachs Maintains Sell on Granite Construction, Raises Price Target to $61

Granite Construction Announced Agreement To Acquire Dickerson & Bowen, Inc. For An Undisclosed Amount, With Transaction Expected To Close In The Q3

Guidance

Granite Construction Narrowed FY24 Revenue Outlook To $3.9B-$4.0B (From $3.8B-$4.0B) Vs $3.90B Estimate

Granite Construction (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GVA#NYSE">GVA</a>) reported quarterly earnings of $1.73 per share which beat the analyst consensus estimate of $1.39 by 24.46 percent. The company reported quarterly sales of $1.082 billion which beat the analyst consensus estimate of $1.008 billion by 7.29 percent. This is a 20.42 percent increase over sales of $898.552 million the same period last year.

Earnings

Earnings Beats

Granite Construction Q2 2024 Adj. EPS $1.73 Beats $1.39 Estimate, Sales $1.082B Beat $1.008B Estimate

Granite Construction Incorporated&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gva#NYSE">GVA</a>) joint venture with Kraemer North America, GKJV-II, has been selected by the Michigan Department of Transportation (&quot;MDOT&quot;) to remove and replace the Lafayette Bascule Bridge in Michigan.
This approximately $113 million project, is funded by the Federal Highway Administration and the MDOT. Per this contract, the joint venture is expected to demolish the existing structure, along with cofferdam installation, new substructure and bascule piers, structural steel, machinery, bridge house, and approach spans.
While the confirmation of the final timeline is pending, the project is expected to start in 2024 fall and be finished by 2027 summer. Granite will include the project value in its second-quarter 2024 Committed and Awarded Projects (&quot;CAP&quot;).
<h3>CAP Solidifying Granite&#39;s Growth Prospects</h3>
Granite is focusing on growing a high-quality CAP portfolio on the back of a positive public funding environment and resilient private market. During the first quarter of 2024, total CAP reached a balance of $5.5 billion, up 7.7% year over year. The uptrend was driven by solid public and private work environments across its geographies. Also, the range of opportunities that came through with the Federal Infrastructure Bill adds to the growth momentum.
Furthermore, the best-value projects remain Granite&#39;s focus and as of Mar 31, 2024, it represented $2.5 billion or 46% of the company&#39;s total CAP.
Under the Construction segment, CAP in California group was $2.4 billion, up 26% year over year. Given various market opportunities and healthy state funding levels, the company is seeking significant bid opportunities to grow its CAP value in 2024.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/a2/71109.jpg?v=1477701315" />
Image Source: Zacks Investment Research
Shares of this civil construction company and aggregate producer gained 45.8% in the past year compared with the Zacks Building Products - Heavy Construction industry&#39;s 46% growth. The company&#39;s focus on operational excellence and strategic decision-making across its construction and materials segments will likely foster its growth in the upcoming period.
<h3>Zacks Rank &amp; Key Picks</h3>
Granite currently carries a Zacks Rank #3 (Hold).
Here are some better-ranked stocks from the Construction sector.
Advanced Drainage Systems, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wms#NYSE">WMS</a>) currently sports a Zacks Rank #1 (Strong Buy).
WMS delivered a trailing four-quarter earnings surprise of 30.5%, on average. The stock has risen 31.2% in the past year. The Zacks Consensus Estimate for WMS&#39; fiscal 2025 sales and earnings per share indicates growth of 5.1% and 12.2%, respectively, from the prior-year reported levels.
Arcosa, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aca#NYSE">ACA</a>) currently sports a Zacks Rank of 1. It has a trailing four-quarter earnings surprise of 43.9%, on average. Shares of ACA have gained 8% in the past year.
The consensus estimate for ACA&#39;s 2024 sales and EPS implies increases of 15.2% and 10.8%, respectively, from the prior-year reported levels.
Fluor Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/flr#NYSE">FLR</a>) presently sports a Zacks Rank of 1. FLR delivered a trailing four-quarter earnings surprise of 51.3%, on average. The stock has risen 44.2% in the past year.
The Zacks Consensus Estimate for FLR&#39;s 2024 sales and EPS indicates increases of 14.3% and 5.5%, respectively, from a year ago.
<a href="https://www.zacks.com/stock/news/2300257/granite-gva-kraemer-jv-wins-113m-project-in-michigan?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2300257">To read this article on Zacks.com click here.</a>

Markets

Granite & Kraemer JV Wins $113M Project in Michigan

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.graniteconstruction.com%2F&amp;esheet=54091797&amp;newsitemid=20240710644352&amp;lan=en-US&amp;anchor=Granite&amp;index=1&amp;md5=89209068832722ea252b1da6d0072d5f">Granite</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GVA#NYSE">GVA</a>) 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 million and will be included in Granite's second-quarter CAP.
Phase 2, the project's current phase, involves the addition of extra lanes and overpasses spanning approximately two miles to relieve daily traffic congestion and improve overall transportation efficiency. This follows the successful completion of Phase 1, which was also paved by Lehman-Roberts from 2018 to 2023.

Granite's Lehman-Roberts Selected As A Subcontractor By Dement Construction Co On A Project For The Tennessee Department Of Transportation In The Ongoing Infrastructure Upgrade Project Where Interstate 22 Terminates Into State Route 4 And U.S. Route 78 Southeast Of Downtown Memphis; Portion Of The Contract Is ~$21M And Will Be Included In Granite's Q2 CAP

Granite And Kraemer JV Awarded $113M Contract To Replace Lafayette Bascule Bridge In Michigan; Funded By FHWA And MDOT, Included In Granite's Q2 CAP

Project funding comes from the City of Salinas and will be included in Granite&#39;s&nbsp;second-quarter&nbsp;CAP.&nbsp;
The project is expected to begin in&nbsp;Q3&nbsp;2024 and be completed in the Fall of 2025.

Granite Bags ~$16M Contract From The City Of Salinas To Improve Traffic Flow On Key Thoroughfare Between Residential Areas And Highway 101

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.graniteconstruction.com%2F&amp;esheet=54086705&amp;newsitemid=20240625552699&amp;lan=en-US&amp;anchor=Granite&amp;index=1&amp;md5=2f6f00c5ada528dd2bd09464413f512b">Granite</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GVA#NYSE">GVA</a>) has been awarded an approximately $25 million contract by the City of Everett to remove and replace the Edgewater Creek Bridge. The project will be funded by federal grants and local funds, and will be included in Granite's second-quarter CAP.
Project scope includes the removal of the existing bridge, originally built in 1946, and the construction of a new bridge over the Edgewater Creek Basin. The project presents engineering challenges due to the steep and unstable soils of the ravine. To overcome these, a trestle will be constructed to facilitate access for the work.

Granite Awarded $25M Bridge Replacement Project In Everett, Washington

The facility will be on a 25-acre site next to the Columbia River, reinforcing Granite&#39;s commitment to the Southwest Washington area home market.

Granite Executes Long-Term Lease With The Port Of Woodland For New Construction Materials Facility

Granite Awarded $48M Contract By Washington State Department Of Transportation To Replace Fish Barrier Culvert Crossings On I-5 In Snohomish County, WA; Funding To Be Included In Granite's Q2 CAP

Under this program, the north and south concourses of Terminal B at George Bush Intercontinental Airport (IAH), one of the airport&#39;s oldest terminals, will be renovated.&nbsp;
The project is anticipated to begin in Summer 2024 and is expected to be completed in April 2026.

Granite Bags $89M Subcontract For United Airlines Terminal B Airside Transformation Program

Granite CFO Lisa Curtis To Retire On September 16, 2024; CAO Staci Woolsey Named As Successor

Granite Construction Q2 2024 Earnings Preview

Granite Construction beats top-line and bottom-line estimates; reaffirms FY24 outlook

Granite Construction Incorporated 2024 Q2 - Results - Earnings Call Presentation

Granite Construction Incorporated (GVA) Q2 2024 Earnings Call Transcript

Granite Construction: Rally Looks A Bit Long In The Tooth

Granite awarded $45 million contract

Granite Construction declares $0.13 dividend

Granite Construction ( ($GVA) ) has issued an update. Granite Construction Incorporated's newly appointed CFO, Ms. Woolsey, is set to receive a $50...

Granite Construction Announces CFO Transition and Compensation Details

Great Lakes Dredge & Dock: Good Near And Long-Term Growth Prospects

Granite awarded $113M contract to further support U.S. Marines relocation

GLDD

Press Releases

Granite Reports Second Quarter 2024 Results and Announces Agreement to Acquire Dickerson & Bowen, Inc.

Granite Completes Acquisition of Dickerson & Bowen, Inc.

Granite Awarded Sixth Highway 101 Mainline Segment to Alleviate Traffic Congestion in Santa Barbara, California

Granite Continues Commitment to Highway Safety with $45 Million Project on I-40

Granite Announces Arlington Avenue Bridges Replacement Project in Reno, NV; Groundbreaking Included U.S. Secretary of Transportation Pete Buttigieg

Granite Announces $65 Million Phase 2 of SR-30 Improvement Project in Logan, Utah

Granite Declares Quarterly Dividend

Granite Awarded $113 Million Contract to Further Support U.S. Marines Relocation

ENR Ranks Granite Number One in Highways for the Fourth Consecutive Year

In Honor of Dr. Patricia Galloway: A Legacy of Leadership and Dedication

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Bowman Consulting Group Ltd. - Common Stock

Bowman Consulting Group

Cadeler A/S American Depositary Share (each representing four (4) Ordinary Shares)

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