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

Cambria Global Value ETF

Celeste B. Mastin, Board Member at Granite Construction (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GVA#NYSE">GVA</a>), executed a substantial insider sell on December 12, according to an SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000861459/000112760224029274//Archives/edgar/data/861459/000112760224029274/0001127602-24-029274-index.htm">U.S. Securities and Exchange Commission</a> on Thursday showed that Mastin sold 5,435 shares of Granite Construction. The total transaction amounted to $529,586. 
In the Friday's morning session, Granite Construction's shares are currently trading at $95.03, experiencing a down of 0.51%.
<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>Granite Construction's Financial Performance</h3>
Revenue Growth: Granite Construction's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 14.21%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Interpreting Earnings Metrics:
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 15.91%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Granite Construction's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 1.81.
</li>
</ul>
Debt Management: With a high debt-to-equity ratio of 0.82, Granite Construction faces challenges in effectively managing its debt levels, indicating potential financial strain.
Valuation Analysis:
<ul>
<li>
Price to Earnings (P/E) Ratio: Granite Construction's P/E ratio of 40.47 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 1.41 is lower than the industry average, implying a discounted valuation for Granite Construction's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Granite Construction's EV/EBITDA ratio at 14.28 suggests potential undervaluation, falling below industry averages.
</li>
</ul>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
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<h3>Uncovering the Importance of Insider Activity</h3>
Insider transactions, although significant, should be considered within the larger context of market analysis and trends.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Exploring Key Transaction Codes</h3>
In the domain of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A P in Box 3 indicates 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>
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

News

Insider Trades

Trading Ideas

Insider Transaction: Celeste B. Mastin Sells $529K Worth Of Granite Construction Shares

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.graniteconstruction.com&amp;esheet=54147671&amp;newsitemid=20241107459362&amp;lan=en-US&amp;anchor=Granite&amp;index=1&amp;md5=dc95013cea063cae6d572aa35a9f2778">Granite </a>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GVA#NYSE">GVA</a>) announced that it has been awarded the civil scope of work for Phase 1 of the Mosaic Quarter project, an approximately $27 million subcontract for general contractor Hensel Phelps. Mosaic Quarter is a sports and entertainment-focused lifestyle center, serving as a destination point for residents and visitors. It features state-of-the-art venues for entertainment, recreational and collegiate sports, including ice hockey, basketball, soccer, and much more.
The project is situated near South Kino Parkway and I-10 in Tucson, Arizona and is being developed, funded, and operated by Mosaic Quarter Development. The award is included in Granite's fourth-quarter CAP.
This keystone project supports the City of Tucson, Pima County, and Southern Arizona and continues Granite's history of building successful projects with Hensel Phelps.

Contracts

Granite Announces Phase 1 Of The $425M Mosaic Quarter Development In Tucson, Arizona, An ~$27M Subcontract Has Been Awarded For General Contractor Hensel Phelps

General

Granite Construction shares are trading lower after the company reported worse-than-expected Q3 financial results.

Outlook
Our updated guidance for 2024 is noted below:
<ul>
<li>Revenue unchanged in the range of $3.9 billion to $4.0 billion</li>
<li>Adjusted EBITDA margin in the range of 10% to 11%, narrowed from 9.5% to 11.5%</li>
<li>SG&amp;A expense in a range from 8.3% to 8.5% of revenue from a range of 7.5% to 8.0% of revenue due to increased incentive compensation</li>
<li>Mid-20s effective tax rate for adjusted net income</li>
<li>Capital expenditures expected to be approximately $130 million</li>
</ul>

Earnings

Guidance

Granite Construction Reaffirmed Its 2024 Revenue Outlook Of $3.9B-$4.0B Vs $4.012B Estimate; Sees Adjusted EBITDA Margin Of 10%-11%

Granite Construction (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GVA#NYSE">GVA</a>) reported quarterly earnings of $2.05 per share which missed the analyst consensus estimate of $2.47 by 17 percent. This is a 19.19 percent increase over earnings of $1.72 per share from the same period last year. The company reported quarterly sales of $1.276 billion which missed the analyst consensus estimate of $1.287 billion by 0.84 percent. This is a 14.23 percent increase over sales of $1.117 billion the same period last year.

Earnings Misses

Granite Construction Q3 2024 Adj. EPS $2.05 Misses $2.47 Estimate, Sales $1.276B Miss $1.287B Estimate

Granite Wins $42M Design-Build Contract By Naval Facilities Engineering Systems Command For Sitework And Infrastructure Project Relation-Asia Program At Naval Base Guam

Granite Construction (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GVA#NYSE">GVA</a>) will release its quarterly earnings report on Thursday, 2024-10-31. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Granite Construction to report an earnings per share (EPS) of $2.36.
The announcement from Granite Construction is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Earnings History Snapshot</h3>
Last quarter the company beat EPS by $0.34, which was followed by a 0.19% increase in the share price the next day.
Here's a look at Granite Construction's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.39</td>
<td>-0.35</td>
<td>0.88</td>
<td>1.45</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.73</td>
<td>-0.21</td>
<td>0.82</td>
<td>1.69</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.0%</td>
<td>4.0%</td>
<td>-4.0%</td>
<td>7.000000000000001%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730311326_0.png" alt="eps graph" />
<h3>Analyst Observations about Granite Construction</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Granite Construction.
The consensus rating for Granite Construction is Sell, derived from 2 analyst ratings. An average one-year price target of $65.5 implies a potential 20.63% downside.
<h3>Analyzing Ratings Among Peers</h3>
The following analysis focuses on the analyst ratings and average 1-year price targets of Primoris Services, Construction Partners and Arcosa, three prominent industry players, providing insights into their relative performance expectations and market positioning.
<ul>
<li>The consensus outlook from analysts is an Buy trajectory for Primoris Services, with an average 1-year price target of $73.0, indicating a potential 11.55% downside.</li>
<li>The consensus outlook from analysts is an Buy trajectory for Construction Partners, with an average 1-year price target of $71.5, indicating a potential 13.36% downside.</li>
<li>Arcosa is maintaining an Outperform status according to analysts, with an average 1-year price target of $102.33, indicating a potential 23.99% upside.</li>
</ul>
<h3>Analysis Summary for Peers</h3>
Within the peer analysis summary, vital metrics for Primoris Services, Construction Partners and Arcosa are presented, shedding light on their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Granite Construction</td>
<td>Sell</td>
<td>20.47%</td>
<td>$164.71M</td>
<td>4.26%</td>
</tr>
<tr>
<td>Primoris Services</td>
<td>Buy</td>
<td>10.64%</td>
<td>$186.71M</td>
<td>3.89%</td>
</tr>
<tr>
<td>Construction Partners</td>
<td>Buy</td>
<td>22.73%</td>
<td>$83.49M</td>
<td>5.73%</td>
</tr>
<tr>
<td>Arcosa</td>
<td>Outperform</td>
<td>13.66%</td>
<td>$138M</td>
<td>1.90%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Granite Construction ranks at the bottom for Revenue Growth among its peers. It is in the middle for Gross Profit. For Return on Equity, Granite Construction is at the bottom compared to its peers.
<h3>All You Need to Know 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>Granite Construction: Delving into Financials</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Granite Construction's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 20.47%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: Granite Construction's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 3.69%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Granite Construction's ROE stands out, surpassing industry averages. With an impressive ROE of 4.26%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Granite Construction's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 1.46%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Granite Construction's debt-to-equity ratio stands notably higher than the industry average, reaching 0.88. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<a href="https://www.benzinga.com/quote/GVA/earnings">To track all earnings releases for Granite Construction visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Granite Construction

Granite Awarded ~$21M Contract By California Department of Transportation For Pavement Rehabilitation Project

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.graniteconstruction.com&amp;esheet=54133896&amp;newsitemid=20241010475791&amp;lan=en-US&amp;anchor=Granite&amp;index=1&amp;md5=a3331b5d4318ce4bb1b2f612da4c8740">Granite</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GVA#NYSE">GVA</a>) announced the commencement of the approximately $45 million Atlantic Base Refurbishment (ABR) project in Seattle, Washington. This comprehensive initiative aims to modernize and enhance the infrastructure of King County Metro's (KCM) six-acre trolley bus parking and maintenance facility.

Granite And King County Metro Announce Commencement Of ~$45M Atlantic Base Refurbishment Project

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 $61 to $70.

Price Target

Analyst Ratings

Goldman Sachs Maintains Sell on Granite Construction, Raises Price Target to $70

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.graniteconstruction.com&amp;esheet=54132427&amp;newsitemid=20241008186314&amp;lan=en-US&amp;anchor=Granite&amp;index=1&amp;md5=21ebdec6163430f89a54691c458e268a">Granite</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GVA#NYSE">GVA</a>) has announced the signing of a $34 million contract to implement seismic improvements to the Oakland International Airport (OAK) Perimeter Dike. This critical infrastructure project is designed to protect the airport runway from water intrusion from the adjacent San Francisco Bay. Project funding comes in part from the Federal Aviation Administration (FAA) and will be included in Granite's third-quarter CAP.
The primary objective of this project is to enhance the seismic resilience of 4,200 LF of the OAK perimeter dike by utilizing a cement deep soil mixing construction solution (CDSM). This technique will strengthen the levee wall soils and mitigate the risk of dike failure in the event of a strong seismic event. Keller North America, Inc, a leading geotechnical specialty subcontractor, performed the CDSM scope. In addition to the 62,295 CY of CDSM scope, other work includes clearing and grubbing, constructing temporary work pads, installing wetlands protections, protecting in-place existing fuel lines, and installing 2,100 CY of additional rip rap revetment and aggregate base surfacing to restore the existing perimeter road.

Granite Announces $34M Seismic Improvement Project At Oakland International Airport

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.

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>
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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.

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

Here's the major earnings before the open tomorrow

Granite Construction Non-GAAP EPS of $2.05 misses by $0.41, revenue of $1.3B beats by $10M

Granite Construction Incorporated (GVA) Q3 2024 Earnings Call Transcript

Granite Construction ( ($GVA) ) has released its Q3 earnings. Here is a breakdown of the information Granite Construction presented to its investor...

Granite Construction Reports Strong Q3 2024 Growth

D.A. Davidson analyst Brent Thielman maintained a Buy rating on Granite Construction (GVA – Research Report) yesterday and set a price target of $1...

Granite Construction (GVA) Receives a Rating Update from a Top Analyst

Granite (GVA) announced that it has been awarded the civil scope of work for Phase 1 of the Mosaic Quarter project, an approximately $27M subcontra...

Granite awarded civil scope of work for Mosaic Quarter project

Granite Construction: Infrastructure Spending And An Upgraded Business Model

Franklin Small Cap Growth Fund Q3 2024 Commentary

Undercovered Dozen: Canadian Solar, Plymouth Industrial, GameStop, Samsara +

Granite Construction declares $0.13 dividend

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Press Releases

Granite Announces Timing of Earnings Release and Investor Conference Call

Granite Launches Major Infrastructure Project to Enhance SR 58/SR 99 Interchange in Bakersfield

Granite Announces Pavement Rehabilitation Project on SR 99 in Tulare, California

Granite's Southeast Home Market Expansion

Granite Announces $42 Million P-928 Relay Ground Station Project in Guam

Granite Reports Third Quarter 2024 Results

Granite Announces Phase 1 of the $425 Million Mosaic Quarter Development in Tucson, Arizona

Granite Named One of Newsweek's America's Most Responsible Companies for the Third Consecutive Year

Granite Declares Quarterly Dividend

Granite's Pat Kelly Elected President of AGC of California for 2025

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Comments

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