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GVA

Granite Construction Inc

GVA

48.04USD+0.35 (+0.73%)Market Closed
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Market Summary

USD48.04+0.35
Market Closed
0.73%

GVA Stock Price

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GVA RSI Chart

GVA Valuation

Market Cap

2.1B

Price/Earnings (Trailing)

53.27

Price/Sales (Trailing)

0.61

EV/EBITDA

11.62

Price/Free Cashflow

-74.52

GVA Price/Sales (Trailing)

GVA Profitability

EBT Margin

2.35%

Return on Equity

9.4%

Return on Assets

4.19%

Free Cashflow Yield

-1.34%

GVA Fundamentals

GVA Revenue

Revenue (TTM)

3.2B

GVA Earnings

Earnings (TTM)

39.7M

Earnings Y/Y

-11.62%

Earnings Q/Q

438.96%

Price Action

Last 7 days

4.7%

Last 30 days

6.4%

Last 90 days

21.1%

Trailing 12 Months

35.2%

How does GVA drawdown profile look like?

GVA Financial Health

Current Ratio

1.72

GVA Investor Care

Dividend Yield

1.35%

Dividend/Share (TTM)

0.65

Buy Backs (1Y)

0.11%

Diluted EPS (TTM)

0.67

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20223.5B3.4B3.3B3.3B
20213.3B3.4B3.5B3.5B
20202.9B2.8B2.7B3.1B
20193.3B3.4B3.5B2.9B
20183.1B3.1B3.2B3.3B
20172.5B2.7B2.9B3.0B
20162.4B2.4B2.5B2.5B
20152.3B2.3B2.3B2.4B
20142.3B2.3B2.3B2.3B
20132.2B2.2B2.2B2.3B
20122.1B2.1B2.1B2.1B
20111.8B1.8B1.9B2.0B
20101.8B1.8B1.8B1.8B
20092.5B2.3B2.1B2.0B
20080002.7B

Latest Insider Trading transactions for GVA

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Sep 24, 2023
woolsey staci m
sold (taxes)
-4,879
37.25
-131
chief accounting officer
Jun 09, 2023
lyash jeffrey j
acquired
-
-
3,403
-
Jun 09, 2023
darnell david c.
acquired
-
-
3,403
-
Jun 09, 2023
krusi alan
acquired
-
-
3,403
-
Jun 09, 2023
campbell molly
acquired
-
-
3,403
-
Jun 09, 2023
galloway patricia d
acquired
-
-
3,403
-
Jun 09, 2023
mullen laura m
acquired
-
-
3,403
-
Jun 09, 2023
mcnally michael f
acquired
-
-
5,041
-
Jun 09, 2023
mastin celeste beeks
acquired
-
-
3,403
-
Jun 09, 2023
caldera louis e
acquired
-
-
3,403
-

1–10 of 50

Which funds bought or sold GVA recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Dec 06, 2023
CITIGROUP INC
reduced
-38.26
-603,339
868,681
-%
Nov 24, 2023
DEUTSCHE BANK AG\
added
13.53
67,528
861,457
-%
Nov 22, 2023
Public Sector Pension Investment Board
reduced
-30.31
-1,034,550
2,063,880
0.01%
Nov 22, 2023
KBC Group NV
unchanged
-
-
135,000
-%
Nov 21, 2023
COMERICA BANK
reduced
-84.17
1,571,290
1,571,290
0.01%
Nov 16, 2023
Mine & Arao Wealth Creation & Management, LLC.
added
0.39
-1,275
29,565
0.02%
Nov 16, 2023
McIlrath & Eck, LLC
added
0.47
-349
8,124
-%
Nov 15, 2023
MORGAN STANLEY
added
0.81
-1,215,340
32,058,300
-%
Nov 15, 2023
MANUFACTURERS LIFE INSURANCE COMPANY, THE
added
23.52
125,749
822,297
-%
Nov 15, 2023
Virtu Financial LLC
new
-
411,000
411,000
0.04%

1–10 of 46

Latest Funds Activity

Are funds buying GVA calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own GVA
No. of Funds

Schedule 13G FIlings of Granite Construction Inc

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Mar 10, 2023
fmr llc
-
0
SC 13G/A
Feb 14, 2023
fuller & thaler asset management, inc.
6.74%
2,948,153
SC 13G/A
Feb 09, 2023
fmr llc
-
0
SC 13G/A
Feb 09, 2023
vanguard group inc
11.73%
5,128,117
SC 13G/A
Feb 08, 2023
state street corp
6.41%
2,804,153
SC 13G
Jan 26, 2023
blackrock inc.
17.3%
7,556,921
SC 13G/A
Jan 20, 2023
blackrock inc.
17.3%
7,556,921
SC 13G/A
May 10, 2022
fmr llc
-
0
SC 13G/A
Feb 11, 2022
capital research global investors
2.0%
923,892
SC 13G/A
Feb 10, 2022
vanguard group inc
11.05%
5,063,425
SC 13G/A

Recent SEC filings of Granite Construction Inc

View All Filings
Date Filed Form Type Document
Dec 05, 2023
8-K
Current Report
Oct 31, 2023
8-K
Current Report
Oct 31, 2023
10-Q
Quarterly Report
Oct 13, 2023
8-K
Current Report
Sep 25, 2023
4
Insider Trading
Sep 15, 2023
8-K
Current Report

Peers (Alternatives to Granite Construction Inc)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
134.2B
65.4B
6.86% 40.69%
596.62
1.75
14.76% 276.64%
132.1B
66.6B
9.60% 12.45%
15.8
1.98
17.59% 23.71%
36.0B
6.5B
6.43% 11.19%
28.16
5.54
7.68% 12.63%
32.7B
33.3B
5.08% -4.79%
12.6
0.98
27.29% 25.35%
12.5B
14.4B
16.81% 7.72%
225.27
0.87
9.36% -82.19%
MID-CAP
7.1B
6.9B
12.84% 61.57%
47.49
1.04
15.17% 127.27%
6.4B
15.4B
9.25% 9.86%
37.87
0.42
16.49% 218.18%
5.1B
4.2B
3.27% 27.19%
20.58
1.2
19.99% 192.01%
3.8B
2.2B
15.48% 33.01%
13.11
1.69
-1.69% 185.56%
2.2B
1.7B
3.61% 28.49%
16.82
1.36
13.29% 45.45%
SMALL-CAP
1.7B
1.3B
41.46% -48.88%
35.79
1.32
-33.72% -55.64%
744.0M
56.2M
-27.18% -68.88%
-0.72
13.24
40.31% -43.40%
557.6M
527.6M
-5.47% 12.27%
16.41
1.06
14.23% 56.70%
281.4M
119.9M
22.96% 200.00%
-11.57
2.35
-35.41% 42.21%
88.6M
94.5M
45.11% -0.37%
-4.74
0.94
-10.30% -26446.48%

Granite Construction Inc News

Latest updates
Nasdaq05 Dec 202306:28 pm2 days ago
Best Stocks05 Dec 202305:08 pm2 days ago
Yahoo Finance03 Dec 202310:33 pm4 days ago
Nasdaq05 Nov 202307:00 am33 days ago
The Motley Fool31 Oct 202307:00 am38 days ago
Nasdaq27 Sep 202307:00 am2 months ago
Yahoo Finance15 Aug 202307:00 am3 months ago
The Business Journals26 Aug 202207:00 am15 months ago
ThinkMarkets15 Jun 202104:37 pm2 years ago
Yahoo Finance10 Jun 202107:00 am2 years ago
TMS Brokers13 May 202104:04 pm2 years ago
TMS Brokers16 Nov 201904:39 pm4 years ago
Global X28 Jun 201909:10 pm4 years ago
For Construction Pros05 Apr 201807:00 am5 years ago
TMS Brokers09 Mar 201811:44 am5 years ago

Financials for Granite Construction Inc

Income Statement (Last 12 Months)
(In Thousands)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q22018Q12017Q4
Revenue-21.8%789,2131,008,910849,247653,886805,6511,062,129964,172669,913830,390955,761811,866530,862354,8581,112,114866,092581,813892,3251,055,591807,119563,379801,274
Gross Profit-15.9%96,781115,05597,56660,09262,446119,935116,94663,31893,319113,01581,04817,27151,224122,55846,7581,13830,491160,66199,42444,264100,707
  S&GA Expenses30.4%80,57461,79560,12170,12090,61977,60358,62861,16192,15672,88978,02373,21613,57073,42470,99880,15579,43970,76960,71761,85157,674
EBITDA Margin11.4%0.06*0.05*0.01*0.04*0.04*0.03*-0.01*0.04*0.04*-0.03*0.02*-0.02*0.02*0.01*0.02*------
Interest Expenses55.8%3,9242,5193,8993,5854,7275,1315,5025,3726,2986,3596,5494,9945,0414,8394,1584,0144,4814,4523,2032,4352,703
Income Taxes173.3%5,650-7,7108,6686,35221,2518,9047,710-21,7574,93811,272-1,782-14,710-77211,747-5,913-17,350-13,47112,6987,599-7,1288,973
Earnings Before Taxes-56.8%24,82657,48828,246-18,74314,15841,32733,855-84,15810,625-87,085-2,755-87,2487,93356,513-27,559-77,111-53,98683,95916,369-26,41110,954
EBT Margin43.7%0.03*0.02*-0.02*0.01*0.00*0.00*-0.04*0.00*0.00*-0.06*-0.02*-0.05*-0.02*-0.03*-0.02*------
Net Income-66.2%22,05265,19818,681-26,733-13,21335,04354,461-66,1958,010-91,1623,405-65,370-19,38045,901-24,242-62,470-52,67667,8365,866-20,44432,773
Net Income Margin74.3%0.03*0.01*0.00*0.02*0.00*0.01*-0.03*-0.04*-0.04*-0.05*-0.01*-0.02*-0.02*-0.01*-0.01*------
Free Cashflow-27.6%46,41964,110-95,045-81,449-59,83764,399-96,75119,310111,442103,5181,807-41,560114,43738,042-82,761------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Assets8.6%2,5802,3772,0772,1682,4032,2852,2632,4952,5622,4792,3742,3802,4882,5092,3842,5022,6132,5252,3592,4272,621
  Current Assets13.7%1,6951,4911,2461,3471,5741,5871,5741,8271,6651,5661,4511,4551,5451,4241,3011,3771,4931,3771,2101,3411,515
    Cash Equivalents36.2%292214200294255175361396464378441425388289243252185145200273230
  Inventory0.0%92.0092.0098.0087.0081.0079.0074.0062.0077.0067.0066.0062.0010210599.0089.0095.0010297.0089.0091.00
  Net PPE1.0%570564531509501465450434511433427421536540535542543558553550561
  Goodwill-5.5%74.0079.0074.0074.0074.0054.0054.0054.0011754.0054.0054.00117249248264264264260259245
  Current Liabilities21.8%1,0568677237981,0521,0009361,0691,1001,0481,000943975890810842877840676737873
    LT Debt, Current0.6%1.001.001.001.001.001.009.009.009.009.009.008.008.008.008.008.008.0048.0047.0047.00117
    LT Debt, Non Current-12.0%404459287287287287291331331331332331406406356356395367333335317
Shareholder's Equity1.5%9559419729539709059429969859889319929721,0911,1001,1781,1841,1941,2251,2891,313
  Retained Earnings12.1%482430453481465402389411430401353425423520523594620580610679738
  Additional Paid-In Capital0.4%472471472470469467515560558557554555554553551549567568566565572
Shares Outstanding0.0%44.0044.0044.0044.0044.0045.0045.0046.0046.0046.0046.0046.0046.0046.0046.0046.0047.0047.0047.0047.0047.00
Minority Interest28.4%51.0040.0047.0032.0036.0033.0036.0028.0037.0033.0028.0016.0017.0023.0032.0037.0038.0048.0048.0046.0045.00
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Thousands)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Cashflow From Operations462.4%153,146-42,260-76,68870,27888,647-53,098-50,180-37,99190,926-69,09138,087129,794126,18332,608-20,125137,93667,017-57,151-36,36471,64790,188
  Share Based Compensation2.9%1,9281,8744,8281,6141,7751,7622,6141,2261,5392,5771,0651,1741,2671,5382,3981,2891,7031,4735,7482,1632,428
Cashflow From Investing37.8%-24,892-40,042-24,336-24,874-16,443-59,07989,396-4,097-19,04217,964-16,303639-20,494-27,3095,9024,8862,718-23,583-24,34341,715-42,833
Cashflow From Financing-152.1%-50,57696,9976,784-6,497-759-74,151-82,904-9,818-1,016-8,620-4,992-82,321-6,58737,650-6,400-65,045-30,18725,429-11,834-70,591-12,758
  Dividend Payments0.1%5,7105,7045,6875,6845,7305,8985,9595,9585,9565,9535,9375,9355,9355,9275,9156,0766,0886,0856,0676,0965,939
  Buy Backs-45.1%1342443,52317335050,16420,2121271061982,29913225.0075.0065329,9842,96881.003,86710,188204

GVA Income Statement

2023-09-30
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue    
Total revenue$ 1,116,820$ 1,008,910$ 2,575,440$ 2,512,043
Cost of revenue    
Total cost of revenue950,177 2,273,352 
Gross profit166,643115,055302,088272,713
Selling, general and administrative expenses74,79461,795212,479192,036
Other costs, net19,843(490)37,97322,401
Gain on sales of property and equipment, net(1,812)(949)(7,793)(10,462)
Operating income73,818 59,429 
Other (income) expense    
Loss on debt extinguishment0 51,052 
Interest income(4,293) (11,287) 
Interest expense4,877 11,899 
Net income from affiliates(7,147) (19,378)(9,656)
Other (income) expense, net462 (2,713) 
Total other (income) expense, net(6,101)(2,789)29,5731,747
Income before income taxes79,91957,48829,85666,991
Provision for (benefit from) income taxes22,423(7,710)21,9787,310
Net income57,496$ 65,1987,878$ 59,681
Amount attributable to non-controlling interests128 9,723 
Net income attributable to Granite Construction Incorporated$ 57,624 $ 17,601 
Net income per share attributable to common shareholders    
Basic (USD per share)$ 1.31$ 1.58$ 0.40$ 1.37
Diluted (USD per share)$ 1.13$ 1.36$ 0.40$ 1.25
Weighted average shares outstanding:    
Basic (shares)43,924,00043,973,00043,861,00044,739,000
Diluted (shares)53,612,00051,863,00044,447,00052,613,000
As Restated    
Revenue    
Total revenue $ 1,008,910 $ 2,512,043
Cost of revenue    
Total cost of revenue 893,855 2,239,330
Gross profit 115,055 272,713
Selling, general and administrative expenses 61,795 192,036
Other costs, net (490) 22,401
Gain on sales of property and equipment, net (949) (10,462)
Operating income 54,699 68,738
Other (income) expense    
Loss on debt extinguishment 0 0
Interest income (1,894) (3,246)
Interest expense 2,519 10,003
Net income from affiliates (3,491) (9,656)
Other (income) expense, net 77 4,646
Total other (income) expense, net (2,789) 1,747
Net income   59,681
Amount attributable to non-controlling interests 4,104 1,569
Net income attributable to Granite Construction Incorporated $ 69,302 $ 61,250
Net income per share attributable to common shareholders    
Basic (USD per share) $ 1.58 $ 1.37
Diluted (USD per share) $ 1.36 $ 1.25
Weighted average shares outstanding:    
Basic (shares) 43,973,000 44,739,000
Diluted (shares) 51,863,000 52,613,000
Construction    
Revenue    
Total revenue$ 945,698 $ 2,198,527 
Cost of revenue    
Total cost of revenue808,536 1,945,506 
Construction | As Restated    
Revenue    
Total revenue $ 847,371 $ 2,138,858
Cost of revenue    
Total cost of revenue 754,354 1,907,110
Materials    
Revenue    
Total revenue171,122 376,913 
Cost of revenue    
Total cost of revenue$ 141,641 $ 327,846 
Materials | As Restated    
Revenue    
Total revenue 161,539 373,185
Cost of revenue    
Total cost of revenue $ 139,501 $ 332,220

GVA Balance Sheet

2023-09-30
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets  
Cash and cash equivalents ($118,653 and $102,547 related to consolidated construction joint ventures (“CCJVs”))$ 292,124$ 293,991
Short-term marketable securities31,27839,374
Receivables, net ($75,172 and $39,281 related to CCJVs)743,091463,987
Contract assets ($73,675 and $80,306 related to CCJVs)282,280241,916
Inventories92,13186,809
Equity in construction joint ventures206,669183,808
Other current assets ($4,000 and $5,694 related to CCJVs)47,47737,411
Total current assets1,695,0501,347,296
Property and equipment, net ($7,714 and $7,834 related to CCJVs)569,722509,210
Long-term marketable securities5,75026,569
Investments in affiliates91,10180,725
Goodwill74,26473,703
Right of use assets56,87449,079
Deferred income taxes, net29,04322,208
Other noncurrent assets58,51759,143
Total assets2,580,3212,167,933
Current liabilities  
Current maturities of long-term debt1,4751,447
Accounts payable ($65,645 and $57,534 related to CCJVs)477,031334,392
Contract liabilities ($59,148 and $62,675 related to CCJVs)221,983173,286
Accrued expenses and other current liabilities ($5,344 and $8,451 related to CCJVs)355,987288,469
Total current liabilities1,056,476797,594
Long-term debt403,785286,934
Long-term lease liabilities42,19832,170
Deferred income taxes, net3,8121,891
Other long-term liabilities67,47364,199
Commitments and contingencies
Equity  
Preferred stock, $0.01 par value, authorized 3,000,000 shares, none outstanding00
Common stock, $0.01 par value, authorized 150,000,000 shares; issued and outstanding: 43,926,576 shares as of September 30, 2023 and 43,743,907 shares as of December 31, 2022439437
Additional paid-in capital472,379470,407
Accumulated other comprehensive income894788
Retained earnings481,636481,384
Total Granite Construction Incorporated shareholders’ equity955,348953,016
Non-controlling interests51,22932,129
Total equity1,006,577985,145
Total liabilities and equity$ 2,580,321$ 2,167,933
GVA
Granite Construction Incorporated operates as an infrastructure contractor and a construction materials producer in the United States. The company 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. The Materials segment is involved in the production of aggregates and asphalt for internal use, as well as for sale to third parties. It also focuses on water-related construction for municipal agencies, commercial water suppliers, industrial facilities, and energy companies; and constructs various complex projects, including infrastructure/site development, mining, public safety, tunnel, solar, and power projects. In addition, the company offers site preparation, mining, and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities; and provides construction management professional services. It serves federal agencies, state departments of transportation, local transit authorities, county and city public works departments, school districts and developers, utilities, contractors, landscapers, manufacturers of products requiring aggregate materials, retailers, homeowners, farmers, brokers, and private owners of industrial, commercial, and residential sites. The company was incorporated in 1922 and is headquartered in Watsonville, California.
 CEO
 WEBSITEwww.graniteconstruction.com
 EMPLOYEES2000

Granite Construction Inc Frequently Asked Questions


What is the ticker symbol for Granite Construction Inc? What does GVA stand for in stocks?

GVA is the stock ticker symbol of Granite Construction Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Granite Construction Inc (GVA)?

As of Thu Dec 07 2023, market cap of Granite Construction Inc is 2.11 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of GVA stock?

You can check GVA's fair value in chart. The fair value of Granite Construction Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Granite Construction Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for GVA so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Granite Construction Inc a good stock to buy?

The fair value guage provides a quick view whether GVA is over valued or under valued. Whether Granite Construction Inc is cheap or expensive depends on the assumptions which impact Granite Construction Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for GVA.

What is Granite Construction Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu Dec 07 2023, GVA's PE ratio (Price to Earnings) is 53.27 and Price to Sales (PS) ratio is 0.61. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. GVA PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Granite Construction Inc's stock?

In the past 10 years, Granite Construction Inc has provided 0.057 (multiply by 100 for percentage) rate of return.