© 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. Granite Construction’s stock is owned by a number of retail and institutional investors.

• Kyle T. Larkin has an approval rating of 100% among the company’s employees.
• One share of GVA stock can currently be purchased for approximately $36.50.
• Granite Construction (GVA) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices.
• Based on aggregate information from My MarketBeat watchlists, some companies that other Granite Construction investors own include U.S.
• View analysts price targets for GVA or view top-rated stocks among Wall Street analysts.

The company provided earnings per share guidance of for the period. The company issued revenue guidance of $3.40 billion-$3.60 billion, compared to the consensus revenue estimate of $3.48 billion. Shares of water management, infrastructure services and drilling company maker Layne Christensen Co. surged more than 22% Wednesday, after the company agreed to be acquired by Granite Construction Inc. in a stock-for-sto… Granite Construction Inc. said Monday it no longer plans to sell its Water Resources and Mineral Services businesses, citing current market conditions. The construction materials company said the businesses’ assets will n…

Company Ownership

Granite Construction’s stock was trading at $35.07 at the beginning of 2023. Since then, GVA stock has increased by 4.1% and is now trading at $36.50. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

This suggests a possible upside of 24.7% from the stock’s current price. View analysts price targets for GVA or view top-rated stocks among Wall Street analysts. Granite Construction issued an update on its FY 2023 earnings guidance on Wednesday, May, 3rd.

Earnings Outlook For Granite Construction

Spending on construction projects is showing signs of improvement, which is likely to help stocks like EMCOR Group (EME), Granite Construction (GVA), James Hardie Industries (JHX) and United Rentals (URI). You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. One share of GVA stock can currently be purchased for approximately $36.50. The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.

Based on aggregate information from My MarketBeat watchlists, some companies that other Granite Construction investors own include U.S. Silica (SLCA), Alibaba Group (BABA), Enterprise Products Partners (EPD), AT&T (T), Applied Materials (AMAT), JD.com (JD), NVIDIA (NVDA), Ford Motor (F), The Hain Celestial Group (HAIN) and Carnival https://business-oppurtunities.com/the-power-of-fear/ Co. & (CCL). Granite Construction declared a quarterly dividend on Friday, March 24th. Shareholders of record on Friday, March 31st will be given a dividend of $0.13 per share on Friday, April 14th. This represents a $0.52 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Thursday, March 30th.

GVA Company Calendar

1 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for Granite Construction in the last year. The consensus among Wall Street research analysts is that investors should “sell” GVA shares. 1 analysts have issued 1-year target prices for Granite Construction’s stock. Their GVA share price forecasts range from $36.00 to $55.00. On average, they anticipate the company’s share price to reach $45.50 in the next twelve months.

Granite Construction saw a decrease in short interest in the month of April. As of April 15th, there was short interest totaling 4,770,000 shares, a decrease of 6.5% from the March 31st total of 5,100,000 shares. Based on an average trading volume of 377,600 shares, the short-interest ratio is presently 12.6 days. Approximately 11.0% of the company’s stock are short sold.

Price Target and Rating

4 employees have rated Granite Construction Chief Executive Officer Kyle T. Larkin on Glassdoor.com. Kyle T. Larkin has an approval rating of 100% among the company’s employees. This puts Kyle T. Larkin in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. Granite Construction (GVA) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it thro…