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Granite Construction Acquires Slats Lucas and Warren Paving

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Granite Construction Acquires Slats Lucas and Warren Paving

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An announcement from Granite Construction ( (GVA) ) is now available.

On August 5, 2025, Granite Construction Incorporated entered into an Equity Purchase Agreement to acquire all outstanding equity interests of Slats Lucas, LLC, and Warren Paving, Inc., for $540 million. This acquisition was financed through a new $600 million senior secured term loan. Additionally, Granite Construction amended and restated its credit agreement to include a $600 million revolving credit facility and a $600 million term loan, with provisions for additional borrowing capacity. These strategic financial moves are aimed at strengthening the company’s financial flexibility and operational capacity.

The most recent analyst rating on (GVA) stock is a Sell with a $70.00 price target. To see the full list of analyst forecasts on Granite Construction stock, see the GVA Stock Forecast page.

Spark’s Take on GVA Stock

According to Spark, TipRanks’ AI Analyst, GVA is a Outperform.

Granite Construction’s strong financial performance and positive market momentum are significant strengths, supporting the stock’s attractiveness. However, the high P/E ratio suggests potential overvaluation. The company’s strategic focus and positive earnings guidance further bolster its outlook, despite some external challenges.

To see Spark’s full report on GVA stock, click here.

More about Granite Construction

Average Trading Volume: 509,493

Technical Sentiment Signal: Strong Buy

Current Market Cap: $4.13B

For a thorough assessment of GVA stock, go to TipRanks’ Stock Analysis page.

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