Granite Construction (NYSE:GVA) - Stock Price, News & Analysis

GVA Stock Overview

Granite Construction Incorporated operates as an infrastructure contractor and a construction materials producer in the United States.

GVA fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	1/6
Financial Health	4/6
Dividends	2/6

Rewards

Trading at 16.3% below our estimate of its fair value

Earnings are forecast to grow 49.73% per year

Risk Analysis

High level of non-cash earnings

Profit margins (1.9%) are lower than last year (6.1%)

My Notes

New

Notes are coming soon

Granite Construction Incorporated Competitors

MYR Group

NasdaqGS:MYRG

US$1.6b

Primoris Services

NasdaqGS:PRIM

US$1.4b

Dycom Industries

NYSE:DY

US$2.7b

Construction Partners

NasdaqGS:ROAD

US$1.4b

Price History & Performance

Summary of all time highs, changes and price drops for Granite Construction
Historical stock prices
Current Share Price	US$41.18
52 Week High	US$41.44
52 Week Low	US$25.35
Beta	1.4
1 Month Change	17.69%
3 Month Change	24.00%
1 Year Change	15.03%
3 Year Change	51.79%
5 Year Change	-36.39%
Change since IPO	672.13%

Granite Construction's Outperformance Can Continue

Dec 27

Granite Construction bags $174M contract for work on Los Angeles airport runways

Dec 20

Granite Construction bags $14M traffic flow improvement project from Caltrans

Dec 06

Recent updates

An Intrinsic Calculation For Granite Construction Incorporated (NYSE:GVA) Suggests It's 43% Undervalued

Dec 06

Shareholders Will Be Pleased With The Quality of Granite Construction's (NYSE:GVA) Earnings

Nov 04

These 4 Measures Indicate That Granite Construction (NYSE:GVA) Is Using Debt Reasonably Well

Oct 26

Granite Construction's (NYSE:GVA) Dividend Will Be US$0.13

Sep 19

Granite Construction Incorporated's (NYSE:GVA) Intrinsic Value Is Potentially 22% Below Its Share Price

Aug 30

Is There Now An Opportunity In Granite Construction Incorporated (NYSE:GVA)?

Aug 04

Granite Construction's (NYSE:GVA) Dividend Will Be US$0.13

Jun 04

Estimating The Fair Value Of Granite Construction Incorporated (NYSE:GVA)

Feb 10

Shareholder Returns

	GVA	US Construction	US Market
7D	3.8%	2.0%	2.3%
1Y	15.0%	26.2%	-9.7%

Return vs Industry: GVA underperformed the US Construction industry which returned 28.2% over the past year.

Return vs Market: GVA exceeded the US Market which returned -8.5% over the past year.

Price Volatility

Is GVA's price volatile compared to industry and market?
GVA volatility
GVA Average Weekly Movement	3.9%
Construction Industry Average Movement	6.5%
Market Average Movement	6.9%
10% most volatile stocks in US Market	17.3%
10% least volatile stocks in US Market	2.9%

Stable Share Price: GVA is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: GVA's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1922	1,900	Kyle Larkin	https://www.graniteconstruction.com

Granite Construction Incorporated operates as an infrastructure contractor and a construction materials producer in the United States. It operates through two segments, Construction and Materials segments. The Construction segment engages in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure, and site development for use by the public.

Granite Construction Incorporated Fundamentals Summary

How do Granite Construction's earnings and revenue compare to its market cap?
GVA fundamental statistics
Market Cap	US$1.80b
Earnings (TTM)	US$53.72m
Revenue (TTM)	US$2.83b

33.5x

P/E Ratio

0.6x

P/S Ratio

Is GVA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
GVA income statement (TTM)
Revenue	US$2.83b
Cost of Revenue	US$2.54b
Gross Profit	US$283.38m
Other Expenses	US$229.66m
Earnings	US$53.72m

Last Reported Earnings

Sep 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	1.23
Gross Margin	10.02%
Net Profit Margin	1.90%
Debt/Equity Ratio	29.2%

How did GVA perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

44%

Payout Ratio

GVA Stock Overview

Rewards

Risk Analysis

Granite Construction Incorporated Competitors

NasdaqGS:MYRG

US$1.6b

NasdaqGS:PRIM

US$1.4b

NYSE:DY

US$2.7b

NasdaqGS:ROAD

US$1.4b

Price History & Performance

Recent News & Updates

Now 20% undervalued

Granite Construction's Outperformance Can Continue

Upcoming dividend of US$0.13 per share

Granite Construction bags $174M contract for work on Los Angeles airport runways

Granite Construction Incorporated Declares Quarterly Dividend, Payable on January 13, 2022

Granite Construction bags $14M traffic flow improvement project from Caltrans

Recent updates

Now 20% undervalued

Upcoming dividend of US$0.13 per share

Granite Construction Incorporated Declares Quarterly Dividend, Payable on January 13, 2022

An Intrinsic Calculation For Granite Construction Incorporated (NYSE:GVA) Suggests It's 43% Undervalued

Price target increased to US$44.75

Consensus EPS estimates increase by 35%

Price target increased to US$44.75

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Granite Construction Incorporated Revises Earnings Guidance for the Fiscal Year of 2022

Granite Construction Incorporated to Report Q3, 2022 Results on Oct 27, 2022

Here's Why Granite Construction (NYSE:GVA) Has A Meaningful Debt Burden

Upcoming dividend of US$0.13 per share

Granite Construction (NYSE:GVA) Has Affirmed Its Dividend Of $0.13

Granite Construction Incorporated Declares Quarterly Dividend, Payable on October 14, 2022

Consensus forecasts updated

Price target decreased to US$42.75

Granite Construction Incorporated Provides Revenue Guidance for the Fiscal Year 2022

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

What Is Granite Construction Incorporated's (NYSE:GVA) Share Price Doing?

Granite Construction Incorporated to Report Q2, 2022 Results on Jul 28, 2022

Granite Construction (NYSE:GVA) Has Re-Affirmed Its Dividend Of US$0.13

Upcoming dividend of US$0.13 per share

Granite Construction Incorporated Declares Quarterly Dividend, Payable on July 15, 2022

We Think Granite Construction (NYSE:GVA) Is Taking Some Risk With Its Debt

President recently sold US$248k worth of stock

Estimating The Fair Value Of Granite Construction Incorporated (NYSE:GVA)

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Granite Construction Incorporated, Annual General Meeting, Jun 09, 2022

Granite Construction Incorporated to Report Q1, 2022 Results on Apr 28, 2022

Upcoming dividend of US$0.13 per share

Granite Construction (NYSE:GVA) Will Pay A Dividend Of US$0.13

Full year 2021 earnings: EPS and revenues miss analyst expectations

We Think Granite Construction (NYSE:GVA) Can Stay On Top Of Its Debt

Granite Construction Incorporated to Report Q4, 2021 Results on Feb 25, 2022

Granite Construction Incorporated Declares Quarterly Cash Dividend, Payable on April 14, 2022

Is Granite Construction Incorporated (NYSE:GVA) Trading At A 40% Discount?

Kyros Law Is Filing Legal Claims on Behalf of Granite Construction Incorporated Investors

Upcoming dividend of US$0.13 per share

Shareholders Will Be Pleased With The Quality of Granite Construction's (NYSE:GVA) Earnings

Third quarter 2021 earnings released: EPS US$0.77 (vs US$2.00 loss in 3Q 2020)

These 4 Measures Indicate That Granite Construction (NYSE:GVA) Is Using Debt Reasonably Well

Upcoming dividend of US$0.13 per share

Granite Construction's (NYSE:GVA) Dividend Will Be US$0.13

Granite Construction Incorporated's (NYSE:GVA) Intrinsic Value Is Potentially 22% Below Its Share Price

Is There Now An Opportunity In Granite Construction Incorporated (NYSE:GVA)?

Price target increased to US$46.00

Second quarter 2021 earnings released: EPS US$1.19 (vs US$0.075 in 2Q 2020)

High number of new directors

Granite Construction Incorporated(NYSE:GVA) dropped from Russell 2000 Growth Index

Upcoming dividend of US$0.13 per share

Independent Chairman of the Board Claes Bjork has left the company

Granite Construction's (NYSE:GVA) Dividend Will Be US$0.13

Granite Construction Incorporated Declares Quarterly Cash Dividend, Payable on July 15, 2021

Granite Construction Incorporated Reaffirms Earnings Guidance for 2021

Granite Construction Incorporated Reaches Agreement to Settle Pending Class Action Lawsuits

Granite Construction Incorporated Provides Revenue Guidance for the Year 2021

Granite Construction Receives NYSE Notice

Granite Construction Incorporated Joint Venture Wins $42 Million Air Force Base Improvement Project in Guam

Granite Declares Quarterly Dividend, Payable on April 15, 2021