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Granite Construction (GVA)
NYSE:GVA
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Granite Construction (GVA) Price & Analysis

304 Followers

GVA Stock Chart & Stats

$124.47
$1.05(0.84%)
At close: 4:00 PM EDT
$124.47
$1.05(0.84%)

Bulls Say, Bears Say

Bulls Say
Record Backlog (CAP)A record $7.4B contracted backlog provides multi-quarter revenue visibility and de-risks near-term bidding exposure. High-quality CAP supports steadier utilization, phased revenue recognition, and improved planning for labor/equipment, strengthening durable revenue predictability and margin conversion.
Strong Cash GenerationConsistent, robust operating cash flow and meaningful free cash flow enhance financial flexibility to fund capex, settle convertible obligations, repay revolver debt, and pursue M&A. Stable cash conversion mitigates earnings volatility and supports investment in backlog execution and strategic growth.
Data Center Pipeline & Raised GuidanceExpanding data‑center pipeline and a dedicated division diversify end markets into higher-growth infrastructure, complementing traditional civil work. Raised guidance reflects management confidence and supports a structural shift toward steadier, higher‑value project mix and long-term organic growth.
Bears Say
Elevated LeverageMaterial increase in debt and lower equity reduces financial flexibility and raises refinancing and covenant risks if margins or cash flow weaken. Higher leverage constrains capital allocation, limits downside buffers during cyclical slowdowns, and elevates long-term solvency sensitivity to execution.
Convertible-Related GAAP VolatilityLarge nonoperating charges and impending $270M interest recognition will drive GAAP earnings volatility and affect reported leverage and coverage metrics. This complicates investor visibility, may stress covenant ratios, and can divert management attention during the conversion unwind period.
Materials Margin PressureAn 800bp decline in materials margins from weather and quarry development hints at structural cost exposure in self‑supply operations. Sustained materials margin compression would erode construction segment profitability since materials are both internal inputs and external sales, pressuring consolidated margins.

Granite Construction News

GVA FAQ

What was Granite Construction’s price range in the past 12 months?
Granite Construction lowest stock price was $89.80 and its highest was $162.08 in the past 12 months.
    What is Granite Construction’s market cap?
    Granite Construction’s market cap is $5.29B.
      When is Granite Construction’s upcoming earnings report date?
      Granite Construction’s upcoming earnings report date is Oct 22, 2026 which is in 81 days.
        How were Granite Construction’s earnings last quarter?
        Granite Construction released its earnings results on Jul 30, 2026. The company reported -$6.36 earnings per share for the quarter, missing the consensus estimate of $2.252 by -$8.612.
          Is Granite Construction overvalued?
          According to Wall Street analysts Granite Construction’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            Does Granite Construction pay dividends?
            Granite Construction pays a Quarterly dividend of $0.13 which represents an annual dividend yield of 0.43%. See more information on Granite Construction dividends here
              What is Granite Construction’s EPS estimate?
              Granite Construction’s EPS estimate is 3.4.
                How many shares outstanding does Granite Construction have?
                Granite Construction has 43,764,510 shares outstanding.
                  What happened to Granite Construction’s price movement after its last earnings report?
                  Granite Construction reported an EPS of -$6.36 in its last earnings report, missing expectations of $2.252. Following the earnings report the stock price went down -2.511%.
                    Which hedge fund is a major shareholder of Granite Construction?
                    Currently, no hedge funds are holding shares in GVA
                    What is the TipRanks Smart Score and how is it calculated?
                    Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                      Company Description

                      Granite Construction

                      Granite Construction Incorporated is a leading U.S. company that functions as both an infrastructure contractor and a producer of essential construction materials. Its activities are primarily divided into two key segments: Construction and Materials. The Construction division is responsible for developing and restoring public infrastructure, encompassing roadways, bridges, rail systems, airports, marine facilities, dams, reservoirs, and aqueducts, alongside general site development. This segment also specializes in water infrastructure projects for a diverse clientele, including municipal bodies, commercial water suppliers, industrial facilities, and energy companies. Furthermore, it undertakes complex ventures such as mining operations, public safety installations, tunnel construction, and both solar and conventional power projects. The Materials segment focuses on manufacturing aggregates and asphalt, supplying these critical components for both the company's internal construction needs and for external sale to third parties. Additionally, this division provides various services including site preparation, mining, and infrastructure development for residential, energy, commercial, and industrial sites, alongside professional construction management expertise. Granite Construction serves an extensive range of clients, from federal and state government agencies, transportation authorities, and local public works departments, to educational institutions, property developers, utility providers, other contractors, landscapers, manufacturers reliant on aggregate materials, retailers, homeowners, agricultural businesses, brokers, and private owners of industrial, commercial, and residential properties. Established in 1922, Granite Construction Incorporated maintains its headquarters in Watsonville, California.

                      Granite Construction (GVA) Earnings & Revenues

                      GVA Company Deck

                      GVA Earnings Call

                      Q2 2026
                      0:00 / 0:00
                      Earnings Call Sentiment|Positive
                      The call emphasized strong commercial and financial momentum: record backlog (CAP), double‑digit revenue growth (29% YoY), improving adjusted earnings and a meaningful swing in operating cash flow ($142M YTD vs $5M prior year). Management raised revenue guidance and 2027 organic growth expectations and highlighted a growing data center pipeline, successful M&A execution (Kenny Seng) and improved access to capital (credit ratings, $600M notes). Primary negatives are Materials margin pressure in Q2 (800 bps decline), weather and quarry development impacts (~$10M and ~$5M), and large nonoperating convertible note charges ($363M) that will produce GAAP volatility and near‑term interest recognition of $270M. Overall, positives — including upgraded guidance, cash generation, backlog quality and strategic initiatives — materially outweigh the quarter’s transitory headwinds and one‑time financing charges.View all GVA earnings summaries

                      GVA Stock 12 Month Forecast

                      Average Price Target

                      $169.75
                      ▲(36.38% Upside)
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                      Ownership Overview

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                      2.81% Other Institutional Investors
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